FDIC

Federal regulators may soon push for lenders to strengthen protocols for verifying a loan applicant’s immigration status, following an executive order (EO) issued by President Donald Trump on May 19. Dodd Frank Update spoke with a pair of former regulators about the impact the EO could have on lenders, given the many precautions financial institutions already take to mitigate potential risks associated with lending to noncitizens. Read on »

The Federal Financial Institutions Examination Council has invited public comments on proposed revisions to the uniform financial institutions rating system, used to rate an institution’s safety and soundness. Read on »

The federal banking regulators lowered the community bank leverage ratio (CBLR) via a final rule issued on April 24. By lowering the CBLR requirement, the agencies hope to encourage more community banks to adopt the framework. Read on »

The House Financial Services Committee convened on April 28 to review proposals from the federal banking agencies to implement revised Basel III capital rules with testimony courtesy of representatives from the financial services sector. Read on »

The Federal Deposit Insurance Corp. rescinded a 2023 guidance issued for banks charging re-presentment nonsufficient funds fees, clarifying certain practices that could be deemed unfair or deceptive, particularly with respect to multiple fees charged for the same transaction. Read on »

The Federal Deposit Insurance Corp. released its “Consumer Compliance Supervisory Highlights” report on March 31, summarizing results of the agency’s examinations related to compliance issues identified among state non-member banks and thrifts supervised by the agency. Read on »

When Congress enacted the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act in July 2010 amid the wreckage of the 2008 financial crisis, the financial services industry had no shortage of questions about the sweeping implications of the new law. Within a year, October Research, LLC, added a new publication to its portfolio with a mission to answer those questions and called it Dodd Frank Update. We have appreciated the positive feedback from the industry over the years affirming that our coverage in this space is among the most comprehensive available. Read on »

The federal banking agencies published three proposals for modernizing the regulatory capital framework with the goal of streamlining requirements while maintaining a safe and sound banking system. The regulators urged interested stakeholders to submit comments on the proposals by June 18. Read on »

The financial services industry welcomed the introduction of four bills aimed at reforming the federal deposit insurance framework. One of the legislative proposals has strong bipartisan support. Read on »

The Federal Deposit Insurance Corp. announced its rescission of a 2009 policy statement to make it easier for private equity firms and other nonbanks to bid on failed banks. Read on »