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August 18, 2008
Some See Too Few Failures
Are banks failing at too slow a pace? The idea that we are going to have a lot of bank failures in the next few years, so we ought to get them out of the way quickly seems to be taking root in some quarters.
July 07, 2008
FDIC Issues HELOC Warning
Banks working their way through the subprime crisis face a compliance problem — how to comply with the law while reducing or suspending credit limits on home equity lines of credit (HELOCs). The FDIC has issued guidance.
Agency Provides ORE Guidance
The FDIC has issued guidance on other real estate (ORE)
June 23, 2008
Bair, Paulson Warn of “Too Big To Fail” on Wall Street
In separate speeches, the FDIC Chairman and the Treasury Secretary call for action to deal with brokerage firms that post systemic risk to the financial markets.
FDIC Prepares for Big Bank Failure
The FDIC is preparing for a really big bank failure — just to be on the safe side, you understand.
June 16, 2008
Enforcement Actions Charge Unfair, Deceptive Practices
Enforcement Actions Charge Unfair, Deceptive Practices
June 09, 2008
Slow Growth of DIF Reserves Worries Senators
Senators reviewing the state of the industry worry about the Deposit Insurance Fund.
May 05, 2008
FDIC Drafts Mortgage Relief Program
In a highly unusual move, the FDIC has proposed to Congress a program for the relief of troubled mortgage borrowers.
April 21, 2008
FDIC Adopts Covered Bond Rule
The FDIC has adopted interim final rules spelling out how it will deal with covered bonds in a receivership or conservatorship.
March 31, 2008
Dreams of Dividends
The FDIC has proposed permanent rules to govern how dividends will be paid from the Deposit Insurance Fund to insured banks — even though there’s no chance dividends will be paid in the foreseeable future.
March 24, 2008
FDIC Warns of Commercial Real Estate Risks
The FDIC has issued a warning of the risks associated with “significant concentrations” of commercial real estate loans and CRE construction and development loans.
March 17, 2008
FDIC Leaves Insurance Premiums Unchanged
To the dismay of the industry, the FDIC directors have decided to continue to strengthen the Deposit Insurance Funds’ reserves, even as banks face increasingly difficult economic circumstances.
March 03, 2008
Bair Sees More Write-downs Ahead
FDIC Chairman Sheila Bair believes lenders still don’t realize the magnitude of write-downs the mortgage crisis will require.<
January 28, 2008
Bair Presses for Fast Action on Troubled Mortgages
FDIC Chairman presses for “painful but necessary” changes in terms of troubled mortgages.
January 21, 2008
Bair Continues Push for Subprime Solution
FDIC Chairman Sheila Bair continues her push for loan modifications.
January 07, 2008
FDIC Proposes Rules for Bank Failures
The FDIC has proposed rules clarifying how it will proceed in bank failure cases and requiring 159 big banks to take extra steps to prepare for the worst.
FDIC Sets Penalties for Late Payments
Some banks don’t pay their deposit insurance assessments on time. The FDIC is ready to deal with them.
November 19, 2007
ILC Issue Still Alive
The FDIC’s 18-month moratorium on industrial loan company applications expires in January. Can the Senate approve ILC legislation before then?
November 12, 2007
FDIC Proposes Annul Audit Changes
The FDIC has proposed changes in its regulation requiring an annual independent audit and setting reporting requirements for insured institutions with $500 million or more in total assets.
October 15, 2007
FDIC Clarifies Debt Collector Rule
It’s legal for debt collections to inform a person they’re not going to hound him any more.
September 17, 2007
FDIC Proposes Dividend Rules
The Deposit Insurance Fund is a long way from paying dividends. But it’s not too soon for banks to start bickering over how any eventual dividends will be calculated.
July 23, 2007
FDIC Warns of Market-Risk Capital Requirement
The FDIC reminded banks that reporting a significant amount of trading assets may subject a bank to market risk capital requirements.
May 14, 2007
FDIC Board Reviews DIF Reserves, Sets Big-Bank Rules
No assessment hike is expected.
April 02, 2007
FDIC Developing Low-Dollar Loan Project
The FDIC staff has developed a proposal for a two-year pilot project to encourage banks to make small-dollar loans.
March 12, 2007
FDIC Hits Unfair Subprime Practices
An industrial loan company gets in trouble for its subprime mortgage practices.
