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Standards for Assessing Credit Unions' Diversity Policies & Practices

Nov
18
Standards for Assessing Credit Unions' Diversity Policies & Practices

As reported previously, National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Fed, Office of the Comptroller of the Currency (OCC), and Securities Exchange Commission (SEC) have proposed joint standards for assessing the diversity policies and practices of the entities they regulate.

Posted By Sharon Bahr read more

FDIC Unlikely to Reduce Deposit Insurance Premiums

Mar
18
FDIC Unlikely to Reduce Deposit Insurance Premiums

The Federal Deposit Insurance Corporation (FDIC) will not reduce deposit insurance premiums charged to banks. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Deposit Insurance Fund to have a reserve ratio of 1.35 percent by 2020.

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FDIC Report on Mobile Payment Risks

Jan
07
FDIC Report on Mobile Payment Risks

In December, the Federal Deposit Insurance Corporation (FDIC) released a report regarding mobile payment risks in its Supervisory Highlights (Winter 2012 Edition).  The report discusses the current mobile payments landscape, mobile payment risks, and the existing legal and regulatory framework.  Financial institutions and th

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Comment Letter Seeks FDIC Clarification

Aug
27
Comment Letter Seeks FDIC Clarification

The Credit Union National Association (CUNA) is seeking clarification in a comment letter to the Federal Deposit Insurance Corporation (FDIC) that credit unions should not be covered under a new proposal the FDIC has issued regarding liquidation authority over entities engaging in financial activities.  The proposal was developed under Title II of the Dodd-Frank Act.  In the comment letter, CUNA emphasizes that credit unions should not be considered entities subject to the proposed definition of “predominantl

Posted By Sharon Bahr read more
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