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1,226 results on '"United States. Federal Deposit Insurance Corp. -- Powers and duties"'

1. FINANCIAL INSTITUTIONS FRAUD.

Author

Evans, Nicholas, Mcdavid, Mike, Meyer, Luke, Wegener, Grayson, and Zukowski, Johanna

Subjects
Sanctions (Law) -- Laws, regulations and rules, Good faith (Law) -- Laws, regulations and rules, Financial disclosure -- Laws, regulations and rules, Bank fraud -- Remedies -- Laws, regulations and rules, Prosecution -- Management -- Laws, regulations and rules, Indictments -- Laws, regulations and rules, Financial institutions -- Laws, regulations and rules -- Crimes against, Compromise and settlement -- Laws, regulations and rules, Defense (Criminal procedure) -- Laws, regulations and rules, United States. Federal Deposit Insurance Corp. -- Powers and duties, Government regulation, Company business management, Financial Institutions Reform, Recovery and Enforcement Act of 1989, United States Code (12 U.S.C. 1818(j)), Bank Secrecy Act of 1970
Abstract

I. INTRODUCTION 670 II. BANK FRAUD STATUTE 670 A. Purpose and Scope 671 B. Elements 672 1. Knowledge 672 2. Executed or Attempted to Execute 674 3. Scheme or Artifice [...]

Published
2024

2. Reforming FDIC Coverage Limits: The Deposit Insurance Cap.

Author

Cope, Macy T.

Subjects
Exceptions (Law) -- Laws, regulations and rules, Moral hazard -- Analysis, Economic reform -- Laws, regulations and rules, Insurance policies -- Exclusions, Financial risk -- Control, Bank runs -- Control -- Laws, regulations and rules, Deposit insurance -- Prices and rates -- Laws, regulations and rules -- Control, Silicon Valley Bank -- Finance -- Laws, regulations and rules, Signature Bank (New York, New York) -- Finance -- Laws, regulations and rules, United States. Federal Deposit Insurance Corp. -- Powers and duties, Government regulation, Company financing, Company pricing policy, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Glass-Steagall Act, United States Code (12 U.S.C. 5612)
Abstract

I. Introduction A college student, a multibillion-dollar company, and your grandmother all have something in common: the maximum amount federal insurance guarantees on their bank deposits. (1) The Federal Deposit [...]

Published
2024

3. Index funds want to continue being treated as 'passive' investors

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Stock redemption -- Forecasts and trends -- Laws, regulations and rules, Banking industry -- Laws, regulations and rules, Disclosure of information -- Laws, regulations and rules -- Forecasts and trends, Index funds -- Forecasts and trends -- Laws, regulations and rules, Government regulation, Market trend/market analysis, Banking industry, Business, Economics, Business, international
Abstract

FEW LEVERS of economic power are as mighty as the ability to determine which firms, industries and individuals have access to capital. Authoritarians wield control of banks to tighten their [...]

Published
2024

4. GM Financial withdraws application to form bank

Author

Hodder, Paige

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, General Motors Financial Company, Inc. -- Organization formation, Banking industry -- Organization formation, Revocation, Commercial finance companies -- Organization formation, Banking industry, Automobile industry, Business
Abstract

Byline: Paige Hodder After more than three years of processing, General Motors Financial withdrew its application from the Federal Deposit Insurance Corp. to create GM Financial Bank. The captive finance [...]

Published
2024

5. De Novo Banks: Policy Issues for the 118th Congress

Author

Scott, Andrew P.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. National Credit Union Administration -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, United States. Congress -- Powers and duties, Banks (Finance) -- Statistics, Banking law -- Evaluation, Government
Abstract

While the size of the banking system has grown in terms of assets, the number of banks has steadily fallen over the past four decades. For example, in the 1980s, [...]

Published
2024

6. F.D.I.C. Wants Banks to Keep Record of Fintech Customers

Author

Flitter, Emily

Subjects
Government regulation, Banking industry, Consumer protection -- Laws, regulations and rules, Banking industry -- Laws, regulations and rules, Identity -- Laws, regulations and rules, United States. Federal Deposit Insurance Corp. -- Powers and duties
Abstract

Banks holding customer funds for money management apps should keep track of customers' identities and balances, the agency says. When a banking software company collapsed this spring, thousands of people [...]

Published
2024

7. White House to Ramp Up Scrutiny of Bank Mergers

Author

Hirsch, Lauren

Subjects
Antitrust issue, Antitrust law -- Evaluation, Bank mergers -- Evaluation, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Department of Justice -- Powers and duties
Abstract

The F.D.I.C. and the Justice Department are changing how they evaluate mergers and acquisitions in the banking industry. In the Biden administration's final months, regulators are poised to increase antitrust [...]

Published
2024

8. Bank Failures: The FDIC's Systemic Risk Exception

Author

Labonte, Marc

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Bank failures -- Evaluation, Receivers (Law) -- Evaluation, Risk assessment -- Evaluation, Deposit insurance -- Evaluation, Government
Abstract

Updated April 23, 2024 When Silicon Valley Bank (SVB) and Signature Bank failed, the Treasury Secretary, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve (Fed) announced on March [...]

Published
2024

9. Reminder: Comments To FDIC's Proposed Brokered Deposit Rule Due Nov. 21

Author

Olman-Pal, Marina

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Brokered deposits -- Laws, regulations and rules, Government regulation, Business, international
Abstract

> On Aug. 23, 2024, the FDIC Board of Directors published a notice of proposed rulemaking (Proposed Rule) that would amend the agency's existing brokered deposits rules (BD Rule).1 The [...]

Published
2024

10. FDIC's New Regulations Align With The Fair Hiring In Banking Act's Amendments To Section 19 Of The Federal Deposit Insurance Act

Author

Mora, Jennifer

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Employee selection -- Laws, regulations and rules, Financial services industry -- Laws, regulations and rules, Government regulation, Hiring, Financial services industry, Business, international, Federal Deposit Insurance Act, National Defense Authorization Act for Fiscal Year 2023
Abstract

On December 23, 2022, President Biden signed the 'James M. Inhofe National Defense Authorization Act for Fiscal Year 2023' which, among many other things, amended Section 19 of the Federal [...]

Published
2024

11. California Expands Scope Of Rosenthal Act To Cover Commercial Financial Transactions

Author

Burlingham, Josh

Subjects
United States. Federal Trade Commission -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Financial Crimes Enforcement Network -- Powers and duties, Financial disclosure -- Laws, regulations and rules, Consumer protection -- Laws, regulations and rules, Collection (Accounting) -- Laws, regulations and rules, Government regulation, Business, international, Fair Debt Collection Practices Act, Home Mortgage Disclosure Act of 1975
Abstract

In this issue. California expanded the scope of the Rosenthal Fair Debt Collection Practices Act (Rosenthal Act); the Federal Trade Commission (FTC) announced its final ôclick-to-cancelö rule for ending recurring [...]

Published
2024

12. FDIC Proposes New Requirements For Custodial Accounts To Qualify For Pass-Through

Author

Brownback, Nathan

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Financial institutions -- Laws, regulations and rules, Deposit insurance -- Laws, regulations and rules, Government regulation, Business, international
Abstract

In Short The Situation: On September 17, 2024, the Federal Deposit Insurance Corporation ('FDIC') approved a proposed rule ('the Proposal') that would establish new recordkeeping requirements for FDIC-insured depository institutions [...]

Published
2024

13. Ropes & Gray's Investment Management Update August - September 2024

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Investment advisers -- Laws, regulations and rules, Banking law -- Interpretation and construction, Exclusive and concurrent legislative powers -- Laws, regulations and rules, Securities industry -- Laws, regulations and rules, Interest (Law) -- Laws, regulations and rules, Government regulation, Securities industry, Business, international, Change in Bank Control Act of 1978, Employee Retirement Income Security Act of 1974, National Securities Markets Improvement Act of 1996
Abstract

The following summarizes recent legal developments of note affecting the mutual fund/investment management industry. Judge Blocks Missouri Anti-ESG Rules; Missouri Withdraws Subsequent Appeal Background. In a 2023 Ropes & Gray [...]

Published
2024

14. FDIC Proposes New Requirements For Custodial Accounts

Author

Butler, Timothy A.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Banking industry -- Laws, regulations and rules, Custodianship accounts -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Federal Deposit Insurance Act
Abstract

> On Oct. 2, 2024, the Federal Deposit Insurance Corporation (FDIC) published a notice of proposed rulemaking (Proposed Rule) designed to strengthen recordkeeping requirements for custodial deposit accounts with transactional [...]

Published
2024

15. FDIC Proposes Significant Revisions To Brokered Deposit Regulations

Author

Haas, Jeffrey

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Mediation, Brokered deposits -- Laws, regulations and rules, Amendments (Parliamentary practice), Government regulation, Business, international
Abstract

Highlights The Federal Deposit Insurance Corporation (FDIC) announced a proposed rule that would revise brokered deposit regulations promulgated under Section 29 of the Federal Deposit Insurance Act. The proposed rule [...]

Published
2024

16. Interagency Statement On Supervisory Practices For Financial Institutions Affected By Hurricane Helene

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. National Credit Union Administration -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Hurricane Helene, 2024 -- Economic aspects, Financial services industry -- Economic aspects -- Environmental aspects -- Laws, regulations and rules, Hurricanes -- Economic aspects -- North Carolina -- South Carolina -- Georgia -- Florida, Government regulation, Financial services industry, Business, international
Abstract

In light of the widespread damage and disruptions caused by Hurricane Helene, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), the National Credit Union Administration (NCUA), the [...]

Published
2024

17. Who Says ATMs Are Not Exciting (And Scary)?

Author

Walker, Thomas E. Jr.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Automated teller machines -- Innovations -- Laws, regulations and rules, Government regulation, Business, international
Abstract

When I entered community banking, one of my least favorite responsibilities was servicing the automated teller machines (ATMs). As a young officer at a small community bank, I, along with [...]

Published
2024

18. OCC Approves Final Rule And Policy Statement On Bank Mergers

Author

Burlingham, Josh

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Financial Crimes Enforcement Network -- Powers and duties, Bank mergers -- Laws, regulations and rules, Banking law -- Interpretation and construction, Banking industry -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Bank Merger Act of 1966, National Defense Authorization Act for Fiscal Year 2021, Bank Secrecy Act of 1970
Abstract

In this issue. The Office of the Comptroller of the Currency (OCC) approved a final rule and policy statement on bank mergers; the Federal Deposit Insurance Corporation (FDIC) approved a [...]

Published
2024

19. Federal Agencies Issue Changes To Bank Merger Review Process

Author

Silvia, Joseph E.

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, Bank mergers -- Laws, regulations and rules, Banking industry -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Bank Merger Act of 1966
Abstract

On September 17, 2024, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) separately finalized previously proposed policy statements on their review of [...]

Published
2024

20. The FDIC's Proposed 'Synapse' Rule Affects Deposit Accounts Opened By Fintech Custodians

Author

Tunstall, Mercedes Kelley

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Custodianship accounts -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On September 17th, the Federal Deposit Insurance Corporation ('FDIC') issued a proposed rule entitled 'Recordkeeping for Custodial Accounts' with comments due sixty days from the date of publication in the [...]

Published
2024

21. Regulators Finalize New Approach To Bank Mergers

Author

Auchterlonie, Sarah

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Department of Justice -- Powers and duties, Bank mergers -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On Sept. 17, 2024, the Federal Deposit Insurance Corporation (FDIC) Board met to finalize an updated approach to increase scrutiny of bank mergers, particularly those that would result in a [...]

Published
2024

22. FDIC Proposes New Recordkeeping Requirements For Custodial Accounts

Author

Beam, David

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Financial disclosure -- Laws, regulations and rules, Regulatory compliance -- Laws, regulations and rules, Bank accounts -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed extensive new recordkeeping requirements and other compliance obligations (the 'Proposal' ) for certain types of deposit accounts frequently used [...]

Published
2024

23. OCC, FDIC And DOJ Finalize Changes To Their Bank Merger Review Processes

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Department of Justice -- Powers and duties, Bank mergers -- Laws, regulations and rules, Banking law -- Interpretation and construction, Banking industry -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Bank Merger Act of 1960, Community Reinvestment Act of 1977
Abstract

On September 17, 2024, the OCC and FDIC both finalized their proposals reflecting an updated approach to evaluating bank mergers and related transactions. On the same day, the DOJ announced [...]

Published
2024

24. FDIC Approves Final Rule To Update Its Section 19 Regulations - Insured Depository Institutions Have Until October 1, 2024 To Comply

Author

Shapiro, Jonathan

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Banks (Finance) -- Human resource management -- Laws, regulations and rules, Credit unions -- Human resource management -- Laws, regulations and rules, Government regulation, Company personnel management, Business, international, Federal Deposit Insurance Act
Abstract

The FDIC has approved a final rule, effective October 1, 2024, to update its Section 19 regulations to conform to the Fair Hiring in Banking Act. While the FDIC made [...]

Published
2024

25. Banking Regulators' Growing Concerns Over Bank-Fintech Partnerships

Author

McLaughlin, Jeremy M.

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Banking law -- Interpretation and construction, Banking industry -- Laws, regulations and rules -- Technology application, Government regulation, Technology application, Banking industry, Business, international
Abstract

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) have jointly issued a [...]

Published
2024

26. Supervisory lessons from the SVB Failure

Author

Kupiec, Paul H.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Silicon Valley Bank -- Cases, Bank failures -- Cases, Regulatory compliance -- Evaluation, Business -- Models, Banking industry -- Cases, Deposit insurance -- Evaluation, Bank deposits -- Evaluation, Company legal issue, Banking industry, Social sciences
Abstract

Statement before the Senate Committee on Banking, Housing, and Urban Affairs' Subcommittee on Economic Policy Strengthening Accountability at the Federal Reserve: Lessons and Opportunities for Reform Supervisory Lessons from the [...]

Published
2023

27. Silicon Valley Bank's Failure and Potential Director/Officer Liability

Author

Carpenter, David H. and Sykes, Jay B.

Subjects
United States. Securities and Exchange Commission -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Congress -- Powers and duties, Silicon Valley Bank -- Reorganization and restructuring -- Human resource management, Corporate directors -- Management -- Compensation and benefits, Bank failures -- Forecasts and trends -- Evaluation, Banking industry -- Reorganization and restructuring -- Human resource management, Liability (Law) -- Evaluation, Executives -- Compensation and benefits, Company organization, Government regulation, Company business management, Market trend/market analysis, Company restructuring/company reorganization, Banking industry, Company personnel management, Government
Abstract

April 7, 2023 On March 10, 2023, a California banking regulator closed Silicon Valley Bank (SVB), making it the second-largest bank by assets to fail in U.S. history. At the [...]

Published
2023

28. Biden's Pick For F.D.I.C. Easily Passes Senate Test

Author

Flitter, Emily

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Chairpersons -- Appointments, resignations and dismissals, General interest, News, opinion and commentary
Abstract

Nominated for chair of the Federal Deposit Insurance Corporation, Christy Goldsmith Romero was cheered by Democrats and accepted by Republicans at a hearing. With a broad smile and crisply delivered [...]

Published
2024

29. You Thought Your Bank Was a Bank. It Wasn't

Author

Copeland, Rob

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Personal finance, Consumer protection -- Laws, regulations and rules, Home banking services -- Laws, regulations and rules, New business enterprises -- Facility closures, Bankruptcy -- Cases, Deposit insurance -- Laws, regulations and rules, Company legal issue, Government regulation, Company bankruptcy, General interest, News, opinion and commentary
Abstract

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings. For close to a century, putting your savings into a [...]

Published
2024

30. Bank bailouts, bail-ins, or no regulatory intervention? A dynamic model and empirical tests of optimal regulation and implications for future crises

Author

Berger, Allen N., Himmelberg, Charles P., Roman, Raluca A., and Tsyplakov, Sergey

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Financial research, Financial services industry, Financial services industry, Banking, finance and accounting industries, Business
Abstract

We model dynamic bank capital structure under three optimally-designed regulatory regimes for dealing with potential default--bailout, in which the government provides capital; bail-in, which the private-sector provides needed funds; and no regulatory intervention, allowing the institutions to fail. Only under the optimally-designed bail-in regime do banks recapitalize during times of distress. Their pre-commitment to recapitalize reduces debt costs and increases debt capacity. No regulatory intervention is suboptimal for all agents. Optimal bailouts and bail-ins both generate no asset substitution-moral hazard behavior under optimal policies in which regulators intervene at early stages of distress. Empirical tests of changes in capital behavior from the pre-Global Financial Crisis bailout period to the postcrisis bail-in period corroborate the model's predictions. KEYWORDS bail-ins, bailouts, bankruptcy, banks, capital structure, crises, dynamic model, regulation JEL CLASSIFICATION G01,G21,G28,H81, 1 | INTRODUCTION As seen in the Global Financial Crisis (GFC), the failure of large, complex financial institutions (e.g., Lehman Brothers) can cause or worsen a financial crisis, threaten the [...]

Published
2022
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31. FDIC Revises Section 19 Regulations For Institutions Hiring Persons Convicted Of Certain Crimes

Author

Corcoran, Susan M.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Employee selection -- Laws, regulations and rules, Financial institutions -- Officials and employees -- Laws, regulations and rules -- Human resource management, Government regulation, Hiring, Company personnel management, Business, international, Federal Deposit Insurance Act, Fair Hiring in Banking Act
Abstract

The Federal Deposit Insurance Corporation (FDIC) has revised its regulations on Section 19 of the Federal Deposit Insurance Act to conform with the previously enacted Fair Hiring in Banking Act [...]

Published
2024

32. Banking Regulators Issue Statement And Request For Information On Providing Deposit Products And Services Through Third Parties

Author

Bergin, James P.

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Banking industry -- Services -- Laws, regulations and rules, Savings accounts -- Laws, regulations and rules, Government regulation, Banking industry, Business, international
Abstract

On July 25, 2024, the Board of Governors of the Federal Reserve System (the Federal Reserve), the Federal Deposit Insurance Corporation (the FDIC), and the Office of the Comptroller of [...]

Published
2024

33. FDIC Proposes Expanding Change In Bank Control Act Reviews Aimed At Asset Managers

Author

Butler, Grant F.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Asset management accounts -- Laws, regulations and rules, Banking law -- Interpretation and construction, Banking industry -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Change in Bank Control Act of 1978
Abstract

EXECUTIVE SUMMARY Last month, the Federal Deposit Insurance Corporation (FDIC) Board of Directors (FDIC Board) proposed an amendment to its regulations under the Change in Bank Control Act of 1978 [...]

Published
2024

34. FDIC Issues Narrow Interpretation Of ATM Exception In Definition Of Domestic Branch

Author

Bisanz, Matthew

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Automated teller machines -- Laws, regulations and rules, Branch banks -- Laws, regulations and rules, Government regulation, Business, international, Federal Deposit Insurance Act
Abstract

On August 9, 2024, the US Federal Deposit Insurance Corporation (FDIC) issued an interpretation of the exclusion of automated teller machines (ATMs) and remote service units (RSUs) from the definition [...]

Published
2024

35. U.S. Banking Regulators Target Bank-Fintech Partnerships

Author

Azel, Juan

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Computer services industry -- Alliances and partnerships -- Laws, regulations and rules, Banking industry -- Alliances and partnerships -- Laws, regulations and rules, Government regulation, Computer services industry, Banking industry, Business, international
Abstract

On July 25, 2024, the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System (collectively, the 'Banking Agencies') released [...]

Published
2024

36. Federal Reserve Issues Final Joint Guidance For Large Bank Resolution Plans

Author

Burlingham, Josh

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Banking industry -- Laws, regulations and rules -- Information management -- Standards, Government regulation, Company systems management, Banking industry, Business, international, Economic Growth and Regulatory Paperwork Reduction Act of 1996
Abstract

In this issue. The Federal Deposit Insurance Corporation (FDIC) proposed an overhaul to the brokered deposit classification rules; the Board of Governors of the Federal Reserve System (Federal Reserve) issued [...]

Published
2024

37. Supervisory Experience And Enforcement Actions Continue To Drive Supervisory Priorities And Policy Development

Author

Kirby, Samantha

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Regulatory compliance -- Forecasts and trends -- Laws, regulations and rules, Financial institutions -- Forecasts and trends -- Laws, regulations and rules, Government regulation, Market trend/market analysis, Business, international
Abstract

This article identifies themes we have observed in recent public formal enforcement actions issued to institutions by the US federal bank regulatory agencies (Agencies) - the Board of Governors of [...]

Published
2024

38. FDIC Proposes To Exercise Now-Dormant Authority Under The Change-in-Bank Control Act

Author

Karp, Andrew

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Bank mergers -- Laws, regulations and rules, Government regulation, Business, international, Change in Bank Control Act of 1978
Abstract

The board of directors of the Federal Deposit Insurance Corporation ('FDIC') recently proposed a rule change that would reassert its now-dormant authority to review changes in bank control involving bank [...]

Published
2024

39. FDIC Proposes To Amend Brokered Deposits Restrictions

Author

Freeman, David, Jr.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Banking industry -- Laws, regulations and rules, Brokered deposits -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Federal Deposit Insurance Act
Abstract

On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPRM) that would amend the regulatory framework used to determine whether deposits qualify as [...]

Published
2024

40. Interagency Issuances On Bank-Fintech Partnerships Highlights Risks, Opportunities, Importance Of Industry Participant Engagement

Author

Goldman, Zachary

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Financial institutions -- Alliances and partnerships -- Laws, regulations and rules, Partnership -- Laws, regulations and rules, Government regulation, Business, international
Abstract

Summary The recent bank regulatory Joint Statement and request for information (RFI) on third-party deposit relationships and bank-fintech partnerships emphasize afresh regulators' long-standing concern with financial institutions' management of third-party [...]

Published
2024

41. Federal Banking Agencies Increase Spotlight On Bank Fintech Arrangements

Author

Grigorian, Christina

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Financial institutions -- Alliances and partnerships -- Laws, regulations and rules, Partnership -- Evaluation -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On July 24, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the Banking Regulators)1 [...]

Published
2024

42. Federal Regulators Issue Joint Statement And Request For Information Emphasizing Caution With BaaS Model

Author

Dhaliwal, A.J.

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Banking industry -- Laws, regulations and rules, Government regulation, Banking industry, Business, international
Abstract

On July 25, federal regulators issued a joint statement to further put banking organizations on notice of the inherent risks of collaborating with fintechs in offering deposit products and services. [...]

Published
2024

43. FDIC Proposes Overhaul To Brokered Deposit Classification Rules; Significant Impact To Banking As A Service (BaaS) Industry

Author

Stern, William

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Banking industry -- Industry forecasts, Brokered deposits -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, Federal Deposit Insurance Act
Abstract

On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a proposed rule that would make significant revisions to the FDIC's regulations implementing the provisions of Section 29 of [...]

Published
2024

44. The Pendulum Swings Back: FDIC Proposes Changes To Brokered Deposits Restrictions

Author

Bisanz, Matthew

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Brokered deposits -- Laws, regulations and rules, Government regulation, Business, international, Federal Deposit Insurance Act
Abstract

On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed revisions to the restrictions on brokered deposits (the 'Proposal'). The Proposal is intended to strengthen the restrictions to reflect [...]

Published
2024

45. Banks On Regulatory Pause From Engaging In Cryptocurrency Activities

Author

Chari, Roger S.

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Crypto-currencies -- Laws, regulations and rules, Banking industry -- Laws, regulations and rules, Government regulation, Banking industry, Business, international, PATRIOT Act of 2001, Bank Secrecy Act of 1970
Abstract

In our recent Alert, we discussed the limitations that Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 121 puts on banks that want to offer crypto custody services to [...]

Published
2024

46. 10 Considerations For Fintechs Partnering With Community Banks

Author

Reyes, Danielle

Subjects
United States. Office of the Comptroller of the Currency -- Powers and duties, United States. Federal Deposit Insurance Corp. -- Powers and duties, United States. Federal Reserve Board -- Powers and duties, Community banks -- Laws, regulations and rules -- Alliances and partnerships, Government regulation, Business, international, Equal Credit Opportunity Act, Truth in Lending Act, Electronic Fund Transfer Act
Abstract

As banking and technology become more integrated, banks are increasingly partnering with fintechs to expand their customer offerings. The rapid rise of these partnerships has generated questions for both banks [...]

Published
2024

47. FDIC Will Prioritize Board Review Of Merger And Deposit Insurance Applications Pending 270 Days Or More

Author

Hay, Amber A.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Savings and loan associations -- Mergers, acquisitions and divestments -- Insurance, Banking industry -- Mergers, acquisitions and divestments -- Insurance, Insurance law, Company acquisition/merger, Banking industry, Business, international
Abstract

During the meeting of the Board of Directors (Board) of the Federal Deposit Insurance Corporation (FDIC) in June, the Board unanimously adopted a resolution that requires FDIC staff to provide [...]

Published
2024

48. FDIC Approves Final Revised Rule To Strengthen Resolution Planning For Large Banks

Author

Burlingham, Josh

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Artificial intelligence -- Laws, regulations and rules, Banking law -- Interpretation and construction, Government regulation, Artificial intelligence, Business, international
Abstract

In this issue. The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a final revised rule to strengthen resolution planning for large banks; the Board of Governors of the [...]

Published
2024

49. FDIC Approves ILC With Traditional Bank Business Model (But Don't Rush To Submit Your Application Just Yet)

Author

Callen, Alexander J.

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Deposit insurance -- Laws, regulations and rules, Industrial loan companies -- Laws, regulations and rules, Government regulation, Business, international
Abstract

An industrial bank or industrial loan company (each, an ILC) charter can be an attractive option for a financial technology company (fintech) or other company seeking to enter the banking [...]

Published
2024

50. FDIC Amends Resolution Planning Requirements For Large FDIC-Insured Depository Institutions

Author

Azarow, Robert

Subjects
United States. Federal Deposit Insurance Corp. -- Powers and duties, Financial institutions -- Laws, regulations and rules -- Planning, Deposits (Law) -- Laws, regulations and rules, Government regulation, Company business planning, Business, international, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Federal Deposit Insurance Act
Abstract

On June 20, 2024, the Federal Deposit Insurance Corporation (FDIC) adopted final amendments to its resolution planning requirements for FDIC-insured depository institutions (IDIs) with US$50 billion or more in total [...]

Published
2024

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