The Federal Reserve Board on Monday announced final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices. The new rules apply to mortgage brokers and the companies that employ them, as well as mortgage loan officers employed...
The Federal Deposit Insurance Corp. and other federal banking agencies< are requesting comment on alternative standards of creditworthiness to replace the use of credit ratings in the risk-based capital requirements.
Palos Bank and Trust Company, Palos Heights, Ill., was closed today by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the Federal Deposit Insurance Corp. as receiver.
Federal Deposit Insurance Corp. Chairwoman Sheila C. Bair recently sent the attached letter to the National Association of Insurance Commissioners addressing the FDIC's concerns about the adequacy of disclosures provided by insurance companies when distributing insurance proceeds to consumers through Retained Asset...
The Federal Deposit Insurance Corp. recognizes the serious impact of the recent severe storms, flooding and tornadoes on the customers and operations of financial institutions in Kansas and will provide regulatory assistance to institutions subject to its supervision.
On Aug. 10, 2010, the Federal Deposit Insurance Corp.'s board of directors adopted the final rule amending its insurance regulations and advertising regulations to conform with provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Federal Deposit Insurance Corp. has announced an open door policy that will make it easier for the public to give input and track the rulemaking process as the agency implements the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Federal Deposit Insurance Corp. has proposed guidance for public comment on how the banking institutions it supervises should implement and maintain robust oversight of automated overdraft payment programs.
The Federal Deposit Insurance Corp. board of directors today approved the creation of a new Office of Complex Financial Institutions and Division of Depositor and Consumer Protection to help carry out its responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The federal banking agencies (agencies) today have agreed to publish an advance notice of proposed rulemaking (advance notice) regarding alternatives to the use of credit ratings in their risk-based capital rules (capital rules) for banking organizations.
Ravenswood Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.