CFPB Monitor
SEPTEMBER 14, 2020
The two lawsuits filed in federal district court in California by state attorneys general challenging the OCC and FDIC “ Madden fix” final rules will both be heard by Judge Jeffrey S. When the lawsuits were filed, the lawsuit against the OCC was assigned to Judge White and the lawsuit against the FDIC was assigned to a different judge.
CFPB Monitor
MARCH 17, 2021
On March 15, 2021, the FDIC’s Office of Minority and Women Inclusion (OMWI) released a Financial Institution Letter regarding diversity self-assessments. The FDIC’s request mirrors those by shareholder activists to obtain greater disclosure from corporate boards on the efficacy of their diversity programs.
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CFPB Monitor
FEBRUARY 4, 2021
It is also possible that the incoming Comptroller could potentially take the drastic step of withdrawing the Rule to try to again achieve interagency consensus with the FDIC and the Federal Reserve on a uniform CRA rule. .
Abrigo
AUGUST 3, 2017
The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.
CFPB Monitor
JULY 9, 2020
The OCC’s decision to hurriedly issue the final rule on May 20, 2020 without achieving consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule, has drawn the ire of both consumer advocacy groups and Congress. Maxine Waters (D-CA) and Rep. First, consumer advocates have vigorously opposed the rule.
CFPB Monitor
AUGUST 4, 2020
On June 23, 2020, the federal banking regulators (FDIC, OCC, FRB and NCUA) and state bank and credit union regulators jointly issued interagency examination guidance to assess the safety and soundness of financial institutions affected by the coronavirus crisis.
Independent Banker
JUNE 30, 2022
Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. By Ed Avis. Methodology. The First National Bank In Sioux Falls. Sioux Falls.
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