Republic First Bank closed in Pennsylvania
State regulators closed Republic First Bank, doing business under the Republic Bank brand, in Philadelphia, and appointed the FDIC as...
Policy
ABA urges FinCEN to reevaluate BOI collection burden on banks
FinCEN needs to accurately calculate the burden that collection currently places on financial institutions, and to consider the parts of...
FDIC tables proposals concerning regulatory review of bank control
The FDIC Board tabled two resolutions concerning bank control after both failed to gain majority support, with their sponsors promising...
CFPB releases supervisory highlights on mortgage servicing
The CFPB released a supervisory highlights report covering key findings and supervisory actions in mortgage servicing.
FDIC: Deposit Insurance Fund reserve ratio grew in second half of 2023
The Deposit Insurance Fund balance was $121.8 billion at the end of 2023, up $4.8 billion since June 30 of...
FDIC names four bankers to MDI subcommittee
The FDIC named four new bankers as members of the agency's Minority Depository Institutions Subcommittee.
Federal Trade Commission bans noncompete clauses
The Federal Trade Commission finalized a new rule to ban the use of noncompete clauses in employee contracts.
Labor Department issues final rule to increase overtime eligibility
The Department of Labor issued a final rule that would significantly increase the number of employees who are subject to...
Labor Department finalizes rule expanding ‘fiduciary’ definition
The Department of Labor released a new rule significantly broadening the definition of an investment advice “fiduciary” under the Employee...
FDIC seeks public comment on proposed changes to bank merger policy
The FDIC is accepting public comment on its proposal to change how the agency will evaluate bank merger applications.
