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Tag Archives: FDIC

FDIC Dodd-Frank Stress Test Scenarios Highlight Economic Expectations

Unemployment, exchange rates, prices, income, and interest rates are some of the economic factors that will reveal whether banks in the U.S. are armed with robust capital planning processes and sufficient capital to continue operations during times of economic or financial ...

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Federal Agencies Encourage Community Reinvestment in Puerto Rico

The economic concerns following the destruction of Hurricane Maria stretch further than the islands. As some states are faced with an influx of refugees putting a strain on their housing market, the federal agencies step in to address the issues at hand.

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FDIC Continues a Complaint Against Banks’ RMBS Practices

According to a recent report, the Federal Deposit Insurance Corp. is continuing to push its complaints toward Alabama’s Colonial Bank and its affiliates for allegedly selling risky RMBS.

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Opened and Closed . . . And Opened Again

A handful of banks may find old cases revived in the near future, after a recent U.S. District court ruling. Will the FDIC take action?

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Loan Processing Could Slow Due to Appraiser Shortage

Due to a shortage of licensed and certified appraisers, major national financial regulatory agencies have issued an advisory to help reduce delays in the consideration of loan applications in rural communities. Since loans cannot be executed without appraisals, the advisory outlines two options to remedy the problem. The FDIC has suggested that states issue temporary practice permits and engage in reciprocity, or that effected institutions submit a request temporary waivers to set aside licensing requirements.

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Banks Revise Their “Living Wills”

In April of this year, the Fed and FDIC determined that each of the 2015 resolution plans, or “living wills," for eight domestic banking institutions were not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code. What have these firms done to resolve their deficiencies?

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Agencies Take a Hard Look at Banking Activities

The Federal Reserve Board, the FDIC and OCC released a report to the Congress and the FSOC on the activities and investments that banking entities may engage in.

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These Areas are Eligible for CRA Consideration

The Fed, OCC, and FDIC have released their 2016 list of nonmetropolitan middle-income areas deemed distressed or underserved and where revitalization or stabilization activities are eligible to receive Community Reinvestment Act consideration.

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