Industry News

JOINT PRESS RELEASE | JULY 18, 2024 Consumer Financial Protection BureauFederal Deposit Insurance CorporationFederal Reserve BoardNational Credit Union AdministrationOffice of the Comptroller of the Currency________________________________________________________________ AGENCIES FINALIZE INTERAGENCY GUIDANCE ON RECONSIDERATIONS OF VALUE FOR RESIDENTIAL REAL ESTATE VALUATIONS Five federal regulat...

JOINT PRESS RELEASE | JULY 17, 2024 Consumer Financial Protection BureauFederal Deposit Insurance CorporationFederal Housing Finance AgencyFederal Reserve BoardNational Credit Union AdministrationOffice of the Comptroller of the Currency________________________________________________________________ AGENCIES ISSUE FINAL RULE TO HELP ENSURE CREDIBILITY AND INTEGRITY OF AUTOMATED VALUATION MODELS ...

JOINT PRESS RELEASE | JULY 12, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency________________________________________________________________ AGENCIES RELEASE LIST OF DISTRESSED OR UNDERSERVED NONMETROPOLITAN MIDDLE-INCOME GEOGRAPHIES Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan...

PRESS RELEASE | JULY 8, 2024 FDIC ISSUES LIST OF BANKS EXAMINED FOR CRA COMPLIANCE WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2024. The CRA is a 1977 law that requires the F...

PRESS RELEASE | JUNE 28, 2024 FDIC Marks Important Milestones in Culture Change Efforts WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today announced important updates regarding the ongoing work to improve the agencys workplace culture following an independent review of allegations of sexual harassment and other interpersonal misconduct. At its meeting on June 20, the FDIC Board of ...

PRESS RELEASE | JUNE 28, 2024 FDIC Makes Public May Enforcement Actions; No Administrative Hearing Scheduled for July 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in May 2024. There are no administrative hearings scheduled for July 2024. The FDIC issued 15 orders in May ...

JOINT PRESS RELEASE | JUNE 21, 2024 Federal Deposit Insurance CorporationFederal Reserve Board ________________________________________________________________ Agencies Announce Results of Resolution Plan Review for Largest and Most Complex Banks The Federal Deposit Insurance Corporation and Federal Reserve Board today announced that, following their joint review of the July 2023 resolution plan ...

PRESS RELEASE | JUNE 21, 2024 Updated to include hyperlinks to Board Members' Statements FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the creation of two new, independent offices, reporting directly to the Board of Directors, to handle cl...

PRESS RELEASE | JUNE 21, 2024 FDIC Approves the Deposit Insurance and Merger Applications for Thrivent Bank, Salt Lake City, Utah WASHINGTON The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application submitted by Thrivent Financial for Lutherans (TFL) based in Minneapolis (through its wholly owned subsidiary Thrivent Financial Holdings), to...

STATEMENT | JUNE 21, 2024 Statement by Vice Chairman Travis Hill on the Creation of the Office of Professional Conduct The Cleary Gottlieb report released in April paints a grim picture of the working conditions at the FDIC. As the report notes at the outset, for far too many employees and for far too long, the FDIC has failed to provide a workplace safe from sexual harassment, discrimination, an...

PRESS RELEASE | JUNE 21, 2024 FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the creation of two new, independent offices, reporting directly to the Board of Directors, to handle claims of sexual harassment, discrimination, and other forms ...

BOARD MATERIALS | JUNE 20, 2024 (Updated to correct hyperlinks) FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more The FDIC does not send unsolicited e-mail. If...

BOARD MATERIALS | JUNE 20, 2024 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more The FDIC does not send unsolicited e-mail. If this publication has reached yo...

SUNSHINE ACT NOTICE | JUNE 18, 2024 The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Thursday, June 20, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read the Notice & Agenda The FDIC does not send unsolicited e-mail. I...

PRESS RELEASE | JUNE 4, 2024 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in March 2024. The CRA is a 1977 law intended to encoura...

PRESS RELEASE | JUNE 4, 2024 FDIC Survey Highlights Potential Bankable Moments at IRSs Volunteer Income Tax Assistance Providers WASHINGTON The Federal Deposit Insurance Corporation (FDIC) released a report today providing insight into the role the Internal Revenue Services (IRS) Volunteer Income Tax Assistance (VITA) providers have in helping unbanked Americans access banking products and servic...

JOINT PRESS RELEASE | MAY 31, 2024 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Issue Host State Loan-to-Deposit Ratios Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios that are used to evaluate compli...

PRESS RELEASE | MAY 31, 2024 FDIC Issues CRA Examination Schedules for Third Quarter 2024 and Fourth Quarter 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2024 and fourth quarter 2024. CRA regulations require each federal bank and thrift regulator to pu...

PRESS RELEASE | MAY 31, 2024 FDIC Makes Publish April Enforcement Actions No Administrative Hearing Scheduled for June 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in April 2024. There are no administrative hearings scheduled for June 2024. The FDIC issued eight orders a...

PRESS RELEASE | MAY 30, 2024 FDIC Board Winds Down the Special Committee WASHINGTON -- On May 7, 2024, the Federal Deposit Insurance Corporation (FDIC) released the report from the independent third-party review of allegations of sexual harassment and other interpersonal misconduct at the FDIC and managements response to that harassment and misconduct, and the independent third-party assessment o...