Nano Banc in California closed by regulators
California regulators on Friday closed Nano Banc of Irvine and appointed the FDIC as receiver. Sunwest Bank of Sandy, Utah, ...
Tag: FDIC
House Democrats criticize proposed changes to CRA regulations
The Democratic members of the House Financial Services Committee warned banking regulators against “weakening” the Community Reinvestment Act and requested ...
How an FDIC proposal preserves parity between state, federal banks
Banking across state lines is seamless. Its regulatory treatment should be, too.
ABA, BPI seek regulatory consistency in proposed stablecoin reporting forms
The FDIC should finalize reporting forms for stablecoin issuers only after it finalizes the regulatory requirements for those firms, and ...
FDIC proposes ‘parity’ rule for state-chartered banks in other states
The FDIC proposed a new rule to prevent states from imposing certain regulations on state banks chartered in other states.
FDIC proposes easing bank merger review process
The FDIC proposed a new rule “to improve the speed, certainty and predictability” of bank merger reviews, including expanding what ...
Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks ...
Banking agencies expand bank eligibility for extended exam schedule
The federal banking agencies announced they are raising the asset threshold that certain banks must fall under to qualify for ...
Hill: FDIC on track to issue stablecoin rulemaking by year’s end
The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and ...
FinCEN, banking agencies release FAQs on digital credentials, customer ID
Financial institutions may use a mobile driver’s license or other government-issued virtual ID as a form of documentary verification for ...
