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26 Sep 2008, 9:26 pm
This is the Press Release issued by the FDIC (emphasis added): The FDIC's Board of Directors today adopted changes to simplify the rules for determining the coverage available on revocable trust accounts – commonly called payable-on-death accounts or living trust accounts. [read post]
12 Jul 2010, 2:31 am
The FDIC took control of IndyMac on July 11, 2008. [read post]
10 Aug 2012, 6:25 pm
On August 8, the FDIC announced consent orders with a debit card issuer and vendor to resolve allegations that the entities operated an allegedly unfair and deceptive student debit card account program that (i) charged student account holders multiple nonsufficient fund (NSF) fees from a single transaction, (ii) allowed accounts to remain in overdrawn status while NSF fees accrued, and (iii) collected fees from subsequent deposits to the accounts. [read post]
19 Nov 2013, 6:33 am
On November 12, FDIC released the economic scenarios that will be used by financial institutions with total assets of more than $10 billion for stress tests required under the Dodd-Frank Act. [read post]
23 Feb 2011, 3:01 pm
FDIC's Quarterly Banking Profile, Fourth Quarter 2010, released February 23, 2010 "Banks Earned $21.7 Billion in Fourth Quarter as Recovery... [read post]
28 Mar 2023, 8:46 am
After reviewing the circumstances leading to the failure of SVB and historic parallels, we discuss the merits of the regulators’ decision to invoke the Systemic Risk Exception and protect all SVB deposit accounts, notwithstanding the $250,000 FDIC insurance limitation, alternate approaches that regulators might have considered for protecting uninsured funds, and the Fed’s creation of the Bank Term Funding Program to make available additional funding to eligible… [read post]
24 Aug 2011, 8:17 pm
According to the FDIC, J.P. [read post]
12 Aug 2008, 5:00 pm
Bair also added that the FDIC has options if failures escalate and further drain the fund. [read post]
22 Nov 2011, 4:44 pm
The FDIC’s action against Westsound is rare. [read post]
15 Feb 2010, 7:25 pm
Try the FDIC's database). [read post]
23 Apr 2010, 2:02 pm
FDIC Chairwoman Sheila Bair appeared for an interview on CNBC today. [read post]
29 Apr 2013, 7:45 am
FDIC sued as receiver for Strategic Capital Bank. [read post]
28 Feb 2012, 7:46 pm
The FDIC came, it saw, it sued, it settled. [read post]
13 Dec 2007, 6:30 am
Today TaxMama hears from Bud in Tennessee who tells us: "My wife had a CD in an online bank that exceeded the FDIC guaranteed amount. [read post]
15 Jul 2008, 7:33 pm
Today TaxMama hears from Bud in Tennessee who tells us: "My wife had a CD in an online bank that exceeded the FDIC guaranteed amount. [read post]
27 Jul 2010, 12:24 pm
The FDIC has a helpful interactive tool at fdic.gov to help you calculate your FDIC coverage. [read post]
10 Feb 2011, 5:30 am
For the first time since the S&L crisis, the FDIC is suing a failed bank's former lawyers for professional malpractice. [read post]
29 May 2020, 9:38 am
The proposed rule would remove certain FDIC assessment impacts on banks as a result of their participation in the PPP and the lending facilities. [read post]
8 Jul 2019, 3:46 pm
The new division will be responsible for the Agency’s supervision and monitoring of banks with assets greater than $100 billion for which the FDIC is not the primary federal regulator. [read post]
6 Jun 2016, 8:57 am
FDIC Settlement Agreement. [read post]
