News & Analysis as of

Federal Deposit Insurance Corporation Regulatory Burden

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... more +
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 -
Mayer Brown Free Writings + Perspectives

US Agencies Proposed Revisions to Volcker Rule Covered Funds Provisions

On January 30, 2020, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the Office of the Comptroller of the Currency (“OCC”), the Securities and Exchange...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Unbowed by personal attacks from the White House, Fed Chair Jerome Powell delivered remarks to the Economic Club of New York on Wednesday that markets used as an excuse to jump nearly 600 points by the closing bell.  ...more

Ballard Spahr LLP

FDIC seeks comment on its communication methods

Ballard Spahr LLP on

The FDIC has issued a request for information that seeks comment on how the FDIC can make its communications with insured depository institutions (IDIs) “more effective, streamlined, and clear.” ...more

Stinson LLP

FDIC's Modification of Section 19 to Provide Some Regulatory Relief

Stinson LLP on

On Monday, August 20, 2018, the FDIC modified its Statement of Policy for Section 19 of the Federal Deposit Insurance Act (12 U.S.C. § 1829). ...more

Ballard Spahr LLP

FDIC Chair’s recent interview gives insight into FDIC’s agenda

Ballard Spahr LLP on

In a recent interview (her first since being sworn in as Chair of the Federal Deposit Insurance Corporation), Jelena McWilliams provided insight into the FDIC’s likely regulatory agenda....more

Vedder Price

Phoenix Rising: De Novo Bank Formation?

Vedder Price on

According to the Federal Deposit Insurance Corporation (“FDIC”), from 2000 to 2008 there were 1,042 de novo community banks newly chartered in the United States. From 2011-2017, the FDIC received only 30 de novo applications...more

Ruder Ware

Conference of State Bank Supervisors Urges Federal Regulators to Simplify Regulatory Capital Rules

Ruder Ware on

On September 27, 2017, the FDIC, the Federal Reserve, and the OCC (the “Agencies”) issued a proposed rule that simplifies the compliance requirements of the existing regulatory capital rules and is intended to reduce the...more

Dechert LLP

US Comptroller of the Currency Will Offer Limited Purpose National Bank Charters to Fintech Companies

Dechert LLP on

The Comptroller of the Currency, Thomas Curry, announced on December 2, 2016, that the Office of the Comptroller of the Currency (OCC) intends to move forward with issuing limited purpose national bank charters to financial...more

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