Banking agencies issue revised risk management model guidance
The federal banking agencies rescinded existing risk management model guidance and replaced it with revised principles that they said better ...
Tag: FDIC
Community banker tapped as FDIC chief innovation officer
The FDIC has appointed community banker Trey Maust as chief innovation officer. In his new position, Maust will promote the ...
ABA recommends credit union regulator pause stablecoin rulemaking
The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue ...
FDIC rescinds guidance on representment NSF fees
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be ...
FinCEN, banking agencies propose to overhaul Bank Secrecy Act compliance
FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards ...
FDIC proposes rulemaking to implement Genius Act
The FDIC board advanced proposed rulemaking to implement certain provisions of the Genius Act, including requirements for reserve assets, risk ...
FDIC, OCC finalize rule to remove reputational risk from supervision
Rule also prohibits the agencies from encouraging institutions to close customer accounts or take other actions because of a person ...
FDIC releases 2025 figures for consumer protection violations
The FDIC cited 1,155 violations of consumer protection statutes and regulations in 2025, representing a decline from the year before, ...
Lawmakers introduce deposit insurance reform bills
Lawmakers in the House and Senate announced the introduction of four bills to revise the deposit insurance framework, with a ...
FDIC to allow private equity firms, nonbanks to bid on failed banks
The FDIC board rescinded a 2009 policy that prevented private equity firms and other nonbanks from bidding on failed banks.
