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.
Read More »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.
Read More »Eight Firms Settle RMBS Fraud Claims with FDIC
The six lawsuits filed by the FDIC involve the sales of 21 Countrywide residential mortgage-backed securities purchased by five failed FDIC-insured banks.
Read More »Should Banks Be More Liquid? The Government Thinks So
A lack of liquidity at the largest U.S. financial institutions was a major cause of hardships that led to the financial crisis. A proposed rule issued on Tuesday is aimed at addressing the issue.
Read More »Banks Fail to Prove They Are Not ‘Too Big to Fail’
The rejection of the living wills of Bank of America, BNY Mellon, JPMorgan Chase, State Street, and Wells Fargo by both the Fed and FDIC is likely to add more fuel to the fierce debate in Congress over whether or not Dodd-Frank is codifying too big to fail.
Read More »JPMorgan Chase RMBS Deal First to Qualify Under Safe Harbor
JPMorgan Chase Bank has become the first institution to file a residential mortgage-backed securitizations deal that qualifies under the Federal Deposit Insurance Corporation’s six-year-old Safe Harbor rule.
Read More »Supreme Court Rejects Banks’ Request to Review FDIC Suit
The FDIC claimed in the suit that Goldman Sachs, Deutsche Bank, and Royal Bank of Scotland misrepresented the quality of $2 billion worth of mortgage-backed securities it sold in 2004 and 2005.
Read More »FDIC Clarifies Rules for Banks on Abandoned Foreclosures
When banks make the decision to stop the foreclosure process after it has already been started, borrowers may have already abandoned or stopped maintaining the property, which can lead to lower property values, blight, and crime.
Read More »Banks’ Profits Rose in Q4 on Drop in Litigation Expenses
FDIC Chairman Martin Gruenberg said despite the increase in profits, banks are still operating in a "challenging environment."
Read More »Morgan Stanley is the Latest Firm to Settle RMBS Claims
The FDIC claims the investment banking firm sold toxic residential mortgage-backed securities to three failed banks.
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