fdic

Business

Business News: Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule

Washington DC – Five federal financial regulatory agencies on Friday invited public comment on a proposal that would exclude certain community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The Volcker Rule generally restricts banking entities from engaging in proprietary trading and from owning or sponsoring hedge … Continue reading Business News: Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule →

General

FDIC News: FDIC Requests Information on Small-Dollar Lending

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking public comment on issues related to small-dollar lending by FDIC-supervised financial institutions. The Request for Information (RFI) solicits comments on the consumer demand for small-dollar credit products, the supply of small-dollar credit products currently offered by banks, and what the FDIC … Continue reading FDIC News: FDIC Requests Information on Small-Dollar Lending →

General

FRB News: Federal, state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Florence

WASHINGTON – The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators recognize the serious impact of Hurricane Florence on the customers, members, and operations of many financial institutions and will provide appropriate regulatory … Continue reading FRB News: Federal, state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Florence →

General

Federal Reserve News: Agencies release list of Distressed or Underserved Nonmetropolitan Middle-income Geographies

WASHINGTON – The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2018 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under … Continue reading Federal Reserve News: Agencies release list of Distressed or Underserved Nonmetropolitan Middle-income Geographies →