FDIC: Consumers Encouraged to Set Financial Goals and Learn More about Options for Saving
The Federal Deposit Insurance Corporation (FDIC) encourages consumers to use America Saves Week as an opportunity to evaluate their short- and long-term financial goals and learn more about how banks can help achieve them. “During America Saves Week, the FDIC encourages consumers to expand their financial knowledge, set clear savings goals and strong savings habits,…
Joint Release: Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown
Joint press release with: Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown. While the effects of the federal government…
Joint Release: Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions Released
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures…
FDIC: Affordable Mortgage Lending Guide Information Updated
Summary: The FDIC has updated the Affordable Mortgage Lending Guide, Part I: Federal Agencies and Government Sponsored Enterprises to reflect the most up-to-date information available about the mortgage products offered through federal housing programs, Fannie Mae and Freddie Mac. Statement of Applicability to Institutions with Less Than $1 Billion in Assets: This Financial Institution Letter…
FDIC: CRA Examination Schedules for First Quarter 2019 and Second Quarter 2019 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first quarter of 2019 and second quarter of 2019. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…
FDIC: Banker Teleconference on November 28th to Cover FDIC 2017 National Survey of Unbanked and Underbanked Households
FIL-73-2018 Summary: The FDIC will discuss the results of its 2017 biennial National Survey of Unbanked and Underbanked Households during a teleconference scheduled for Wednesday, November 28, 2018, from 2:00 p.m. to 3:30 p.m. Eastern Time. Other topics to be discussed include economic inclusion resources pertinent to community banks, including the Money Smart for Adults…
FDIC: Information on Small-Dollar Lending Requested
The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking public comment on issues related to small-dollar lending by FDIC-supervised financial institutions. The Request for Information (RFI) solicits comments on the consumer demand for small-dollar credit products, the supply of small-dollar credit products currently offered by banks, and what the FDIC can do…