Oct 24, 2023 | Economy News
Acting Comptroller Issues Statements at FDIC Board Meeting on CRA and Climate-Related Financial Risk Management Acting Comptroller of the Currency Michael J. Hsu recently expressed his support for two important rulemakings during the Federal Deposit Insurance...
Oct 24, 2023 | Economy News
Key Updates from FDIC Board of Directors Meeting: Community Reinvestment Act, Climate-Related Financial Risk, Fair Hiring in Banking The Federal Deposit Insurance Corporation’s (FDIC) Board of Directors recently held a meeting to discuss important updates in the...
Oct 24, 2023 | Economy News
FDIC to ease banking hiring requirements for people with criminal backgrounds The FDIC board recently voted in favor of proposed rulemaking to implement the Fair Hiring in Banking Act. This act, which was passed in 2022, aims to ease existing restrictions on bank...
Oct 24, 2023 | Economy News
Third-party review finds faults in FDIC supervision of Signature Bank FDIC supervisors missed multiple opportunities to downgrade Signature Bank’s management component rating and escalate concerns before its failure in March, according to an independent party review...
Oct 20, 2023 | Economy News
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have recently announced an extended comment period for their proposed changes to capital requirements for banks. The agencies are also...
Oct 19, 2023 | Economy News
FDIC Crypto Risk Preparedness Critiqued In Inspector General Report The Federal Deposit Insurance Corporation (FDIC) has come under scrutiny in a recent report from the Inspector General’s Office, highlighting concerns about the agency’s preparedness and...
