ABA Opposes Rakuten’s Third Attempt at Federal Deposit Insurance
The American Bankers Association wrote to the FDIC today expressing strong opposition to another attempt by Rakuten, a major Japanese ...
Tag: Deposit insurance
FDIC to Resume Resolution Planning for $100B+ Asset Banks
The FDIC formally announced that it will resume requiring resolution plans from covered insured depository institutions, lifting a moratorium in ...
FDIC: Bank Profits Improve as Pandemic Persists; Community Banks See 10% Boost in Net Income
FDIC-insured banks and savings institutions earned $51.2 billion in the third quarter of 2020, a 10.7% decline from the year ...
FDIC Floats Changes to Deposit Insurance Rules to Accommodate CECL Transition
The FDIC on Friday proposed changes to the risk-based deposit insurance system that applies to banks with more than $10 ...
FDIC Approves Plan to Restore DIF to Statutory Minimum Without Higher Assessments
FDIC Chairman Jelena McWilliams today signaled that an increase in the deposit insurance assessment rate schedule will likely not be necessary to ...
ABA: FDIC Should Set Standards for Disapproval of ILC Transactions
The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial ...
Industry Groups Oppose Rakuten’s Re-Submitted Deposit Insurance Application
The American Bankers Association joined the Bank Policy Institute and the Consumer Bankers Association today in expressing strong opposition to ...
FDIC, OCC Trim Effects of COVID-Related Loan Growth on Assessments
Noting that many banks grew loans substantially in response to credit needs during the coronavirus pandemic, the OCC and FDIC ...
FDIC Chairman: Banks a ‘Source of Strength’ During Pandemic, Despite Drop in Profitability
FDIC-insured banks and savings institutions earned $18.5 billion in the first quarter of 2020, a 69.6% decline from a year ...
Trade Groups Call for Changes to FDIC Proposal to Enable Bank Participation in PPP, Money Market Facilities
A recent proposal by the FDIC to provide certainty to banks participating in the Paycheck Protection program and its associated ...
