FDIC Budget, Headcount to Decrease in 2020
The FDIC board today approved a $2.02 billion agency operating budget for 2020, down 1.3% from the 2019 budget.
Newsbytes
J.D. Power: TD Bank Receives Top Customer Rating Among Nationwide Banks
TD Bank received the highest customer satisfaction rating among eight nationwide banks, scoring 851 out of 1,000, according to a...
DOL Issues ‘Regular Rate of Pay’ Final Rule
The Department of Labor issued a final rule clarifying which types of compensation must be included in determining an employee’s...
FDIC Issues Proposal to Reform Brokered Deposit Regulations
The FDIC today issued a long-awaited proposal to modernize the existing brokered deposit rules and foster greater innovation by financial...
Fed Makes Annual Adjustment to Asset Threshold for Dividend Cut
The Federal Reserve today made an annual inflation adjustment to the asset threshold in Regulation I that determines the dividend...
ABA, Industry Groups Call on Senate to Pass SAFE Banking Act
The American Bankers Association joined a coalition of housing and insurance groups in a letter to Senate Banking Committee leaders...
Basel Committee Taking a Look at Crypto-Assets, Virtual Currencies
The Basel Committee on Banking Supervision is seeking public feedback on how regulators should incorporate “crypto-assets,” including virtual currencies like...
FHLB Advances Fall, Collateral Rises in 2018
Advances from the Federal Home Loan Banks during 2018 fell about 4% to $728.8 billion, the Federal Housing Finance Agency...
Amid Strong Conditions, OFR Flags Cyber Threats, Corporate Debt
The Treasury’s Office of Financial Research flagged corporate credit, market, macroeconomic and cyber risk as elevated concerns in its annual...
House Passes ABA-Backed Bills to Support MDIs
The House Financial Services Committee today unanimously approved two ABA-supported bills intended to address the decline in minority depository institutions...
