The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Nebraska affected by severe storms, flooding and tornadoes.
The Federal Deposit Insurance Corp. has closed on a sale of 40 percent equity interest in a limited liability company created to hold approximately $898 million of primarily non-performing residential loan assets out of AmTrust Bank.
The Financial Crimes Enforcement Network has announced the findings of a months-long outreach campaign to money services businesses. The report is based on information gathered from FinCEN's outreach and site visits to MSBs.
Metro Bank of Dade County, Miami, Florida; Turnberry Bank, Aventura, Florida; and First National Bank of the South, Spartanburg, South Carolina, were closed today by federal and state banking agencies, which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for all three institutions.
FDIC Chairwoman Sheila C. Bair said, "Today represents a significant milestone in the history of financial regulation in the United States. With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a meaningful framework is now in place that addresses many of the weaknesses in our financial...
National Credit Union Administration Chairwoman Debbie Matz responds to the Federal Housing Finance Agency statement regarding safety and soundness concerns over energy retrofit lending programs, commonly known as Property Assessed Clean Energy loans. FHFA found that in the absence of a sound control structure, PACE...
FinCEN is extending the comment period for the referenced notice of proposed rulemaking, 75 FR 36589 (June 28, 2010), for an additional thirty (30) days. The original comment period would have expired on July 28, 2010. The new extended comment period will expire on August 27, 2010.
The National Credit Union Administration yesterday terminated the four former Arrowhead Central Credit Union employees who were placed on temporary administrative leave when NCUA assumed control of the credit union on June 25.
The Federal Deposit Insurance Corp. closed on a sale of 40 percent equity interest in a limited liability company created to hold assets with an unpaid principal balance of approximately $1.85 billion from 22 failed bank receiverships. Colony Capital Acquisitions is the winning bidder, while The Cogsville Group was...
The federal financial regulatory agencies and the Conference of State Bank Supervisors issued a statement today to assist financial institutions and their customers affected by the Deepwater Horizon Mobile Offshore Drilling Unit explosion and oil spill in the Gulf of Mexico.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today voted to revise its Memorandum of Understanding with the primary federal banking regulators to enhance the FDIC's existing backup authorities over insured depository institutions that the FDIC does not directly supervise.