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 ...
Tag: FDIC
ABA offers improvements for FDIC deposit insurance assessment, resolution plan proposals
While two FDIC proposals to revise deposit insurance assessments and resolution planning are a step in the right direction, the ...
FDIC updates rules on reciprocal deposits
The FDIC issued a final interim rule to update its regulations on reciprocal deposits to conform with housing legislation recently ...
FDIC, OCC formally define unsafe and unsound practices
The FDIC and OCC finalized a rule to formally define “unsafe and unsound practices,” which they said would bring more ...
FDIC pushes back comment deadline for disclosure rule
The FDIC will extend the public comment deadline for its proposed bank information disclosure rule to align it with a ...
FDIC’s Hill: Agency would welcome Fed participation in CRA rulemaking
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations ...
Quarterly Banking Profile: Banking net income $90.1B in Q2 2026
The banking industry reported a return on assets ratio of 1.37% and aggregate net income of $90.1 billion in the ...
Tioga-Franklin Savings Bank in Philadelphia closed by regulators
Pennsylvania regulators closed Tioga-Franklin Savings Bank in Philadelphia and appointed the FDIC as receiver. Second Federal Savings and Loan Association ...
FDIC issues relief guidance for Mississippi, West Virginia banks affected by storms
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of ...
ABA, BPI seek deadline extension for comment on FDIC disclosure rule
ABA and the Bank Policy Institute asked the FDIC to push back by more than a month the public comment ...
