The Deposit Insurance Fund’s reserve ratio is on track to reach 1.35 percent in 2018, two years earlier than required by statute, according to the agency. As of Dec. 31, 2016, the ratio was 1.2 percent. According to FDIC official Doreen Eberley at ABA’s Government Relations Summit this morning, once the ratio reaches 1.38 percent, the FDIC will apply credits for sub-$10 billion banks’ share of the cost of bringing the ratio from 1.15 percent to 1.35 percent against their deposit insurance assessments.
FHFA issues fair lending final rule
The Federal Housing Finance Agency issued a final rule to codify many of its existing practices and programs regarding fair...