As the agencies prepare to finalize the framework for the community bank leverage ratio, the FDIC has issued a proposal for how it will assess banks for deposit insurance that elect to use the CBLR framework.

The American Bankers Association today offered several recommendations on how the FDIC can modify the deposit insurance application process for community banks.

In a deeply personal speech at a Florida Bankers Association event last night, FDIC Chairman Jelena McWilliams offered her perspectives on the U.S. financial system and how having an appropriately tailored regulatory framework enables banks to help their customers live the American dream.

In a move long sought by ABA, the FDIC today issued an advanced notice of proposed rulemaking on brokered deposits and the national rate cap. ABA has been actively engaged with the FDIC on the need to revise the regulations so that they accommodate modern banking and don’t discourage healthy banks from gathering deposits. Written over 30 years ago, brokered deposit ...

The FDIC formally launched its highly anticipated initiative to foster de novo bank formation.

Addressing the shortage of de novo banks in the U.S. over the past several years, FDIC Chairman Jelena McWilliams today said more can be done to encourage new bank formation.

In a comment letter today, ABA urged the FDIC to make its communications more effective, streamlined and clear by distinguishing critical information and eliminating duplication. ABA also recommended that the FDIC update its communications platforms and data reporting — and limit the use of Financial Institution Letters to communicate only important supervisory and regulatory information. These comments were submitted in ...

FDIC-insured banks and savings institutions earned $62 billion in the third quarter, an increase of 29.3 percent from the industry’s earnings a year before, the FDIC said today.

Following a recent meeting with FDIC Chairman Jelena McWilliams, ABA today sent a letter to the FDIC calling on the agency to address three critical issues related to its deposit recordkeeping final rule. The 2016 rule requires banks with more than 2 million deposit accounts to upgrade deposit recordkeeping systems to facilitate determination of FDIC-insured deposits should they fail. As ...

Reflecting on a year that saw many positive legislative and regulatory changes for the banking industry, outgoing ABA Chairman Ken Burgess urged bankers to remain engaged in advocacy as these changes are implemented.