Industry News

Press Release | May 18, 2022 FDIC Appoints Two Agency Veterans to Lead ItsDivision of Finance and Division of Insurance and Research WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors has appointed Patrick Mitchell to serve as Director of the Division of Insurance and Research (DIR) and Donna Saulnier to serve as Director of the Division of Finance (DOF). Pat Mitchell ...

Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today's Federal Deposit Insurance Corporation (FDIC) board meeting regarding the final rule on false advertising, misrepresentation of insured status and misuse of the FDIC's name or logo.

Webinar | May 9, 2022 Deposit Insurance Coverage Webinar Free Nationwide Seminars for Bank Officers and Employees The FDIC will host five live webinars on FDIC deposit insurance coverage for bank employees and bank officers between May 24, 2022, and December 1, 2022, via Microsoft (MS) Teams. Each seminar will last approximately 90 minutes followed by a Q&A session. Three sessions titled Comprehe...

FDIC Consumer News | May 2, 2022 National Small Business Week Your Small Business Deserves Big Support It pays to know what you need Your small business may need a variety of deposit services and credit products. Deposit services range from how your business accepts payments from customers to how you handle cash requirements. Credit needs include getting a loan for inventory, new hires, and expan...

Press Release | April 19, 2022 Principals of U.S., European Banking Union, and U.K. Financial Authorities Meet for Regular Coordination Exercise onCross-Border Resolution Planning The heads of resolution, regulatory and supervisory authorities, central banks, and finance ministries of the United States, the United Kingdom, and the European Banking Union are among leaders participating in a Trilat...

Press Release | March 4, 2022 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in December 2021. The CRA is a 1977 law intended to enc...

Join us on January 21, at 11 a.m. ET for a conversation about advancing diversity and inclusion across the financial services sector and the important role of minority depository institutions in creating jobs, growing small businesses and building wealth in low- and moderate-income communities. Leaders from the Federal Deposit Insurance Corporation and the National Bankers Association will discus...

Press Release | January 4, 2022 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2021. The CRA is a 1977 law intended to en...

Press Release | December 16, 2021 Federal Deposit Insurance CorporationBoard of Governors of the Federal Reserve System Agencies Release Annual Asset-Size Thresholds Under Community Reinvestment Act Regulations The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2022 updated asset-size thresholds used to define small bank and intermediate small bank under t...

The Office of the Comptroller of the Currency (OCC) today requested feedback on draft principles designed to support the identification and management of climate-related financial risks at OCC-regulated institutions with more than $100 billion in total consolidated assets.

The Office of the Comptroller of the Currency (OCC) today announced a $1 million civil money penalty against CommunityBank of Texas, N.A., Beaumont, Texas, for violations of the OCC's Bank Secrecy Act regulations.

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) issued a final rule to rescind the June 2020 Community Reinvestment Act (CRA) rule and replace it with a rule based on the rules adopted jointly by the Federal banking agencies in 1995, as amended.

FDIC Consumer News | December 13, 2021 Overdraft and Account Fees Minimize fees with the right options It is important to understand common bank deposit account fees, the options available, and ways you can minimize or avoid fees. When it comes to bank fees and charges, there are important things you should know, including the options you have when opening a deposit account. As a consumer, you ha...

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the third quarter of 2021.

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2021.

The Office of the Comptroller of the Currency (OCC) is soliciting academic-focused papers and policy-focused research on climate risk in banking and finance for presentation to the OCC on June 6-7, 2022.

Press Release | December 3, 2021 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in September 2021. The CRA is a 1977 law intended to...

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of November 1, 2021 through November 30, 2021.

The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2022 calendar year, maintaining the rates established for 2021.