News & Analysis as of September 26, 2024

Federal Deposit Insurance Corporation › Consumer Protection Act

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The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships. less -

FDIC Urges Financial Institutions to Complete Voluntary Diversity Self-Assessments

Ballard Spahr LLP on 8/5/2024

The FDIC is urging financial institutions it supervises to voluntarily submit self-assessments of their diversity policies and practices to the agency by Oct. 31, 2024....more

Troutman Pepper Weekly Consumer Financial Services Newsletter - May 2024 # 2

Troutman Pepper on 5/15/2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - October 2023 # 5

Troutman Pepper on 10/31/2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Several Trade Associations Join Calls to CFPB to Stay Implementation of its Section 1071 Final Rule

Troutman Pepper on 9/6/2023

On August 18, the American Financial Services Association, Consumer Bankers Association, CRE Finance Council, Equipment Leasing and Finance Association, Mortgage Bankers Association, National Association of Federally-Insured...more

FDIC Finalizes Rule to Simplify Capital Calculations for Community Banks

Vedder Price on 9/27/2019

On September 17, 2019, the Federal Deposit Insurance Corporation (the “FDIC”) passed a final rule providing qualifying community banking organizations the ability to opt-in to a new community bank leverage ratio (“CBLR”)...more

Amendments to Volcker Rule Regulations

Morrison & Foerster LLP on 8/27/2019

On August 20, 2019, the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC”) approved a final rule (the “2019 Final Rule”) to amend the rules implementing Section 13 of the...more

Financial Services Weekly News: Agencies Simplify Volcker Rule

Goodwin on 8/25/2019

In This Issue. The Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) approved an interagency final rule to simplify and tailor requirements relating to the Volcker Rule; the...more

Financial Services Weekly News - January 2019

Goodwin on 1/10/2019

Editor's Note - When will the government shutdown end? The government shutdown has forced many federal agencies, including those mentioned in the articles below, to operate in accordance with the agency's emergency plan for...more

Banking Agencies Propose Rule To Increase Appraisal Exemption Transaction Value

Ballard Spahr LLP on 11/21/2018

The FDIC, Federal Reserve Board and Comptroller of the Currency are proposing a rule to implement a rural property appraisal exemption under the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) and...more

Federal Reserve Adopts Basel III for U.S. Banks

Manatt, Phelps & Phillips, LLP on 7/5/2013

On July 2, 2013, the Federal Reserve Board approved a final rule implementing the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision as well as certain changes required by the Dodd-Frank Wall...more

Agencies Provide Additional Instructions for Submission of Resolution Plans and Extend Deadline

Katten Muchin Rosenman LLP on 4/24/2013

On April 15 the Federal Reserve Board (Board) and the Federal Deposit Insurance Corporation (FDIC) announced the release of additional guidance, clarification and direction for the first group of institutions filing their...more

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Federal Deposit Insurance Corporation › Consumer Protection Act

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