Agencies Issue Joint Statement on Crypto-Asset Policy Initiative and Next Steps

Federal bank regulatory agencies today issued a statement summarizing their interagency “policy sprints” focused on crypto-assets and providing a roadmap of future work related to crypto-assets. In particular, the statement describes the focus of the preliminary work conducted through the sprints undertaken by the agencies. It summarizes the agencies’ plan […]

Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic

Summary: The Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators (collectively, the agencies) are issuing a joint statement to alert industry that the supervisory […]

FDIC: List of Banks Examined for CRA Compliance Issued

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 August 2021. The CRA is a 1977 law intended to encourage insured banks and […]

FDIC: New Office of Minority and Community Development Banking Created to Support Mission-Driven Banks

Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced the creation of a new office to support the agency’s ongoing strategic and direct engagement with Minority Depository Institutions (MDIs), Community Development Financial Institution banks (CDFIs), and other mission-driven banks. The new office will further promote private sector investments in […]

FDIC: FDITECH Selects Three Teams in Sprint to Help Banks Measure and Test Resiliency

The Federal Deposit Insurance Corporation (FDIC) today announced the selection of three teams in a ‘sprint’ designed to explore new technologies and techniques to help community banks, and the banking sector as a whole,  evaluate how well they can withstand a major disruption of any type. The sprint’s evaluation panel […]

FDIC: New Tool Released to Build Financial Capability

FDIC released How Money Smart Are You? on September 30th. This suite of 14 self-paced games and related resources is the newest addition to FDIC’s Money Smart product family. This new educational tool provides practical knowledge to help consumers manage their finances with confidence. Users play games to learn more about borrowing […]

FDIC: List of Banks Examined for CRA Compliance Released

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 July 2021. The CRA is a 1977 law intended to encourage insured banks and […]

FDIC: Mission-Driven Bank Fund Launched

$120 million pledged to support Minority Depository Institutions and CDFIs The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Mission-Driven Bank Fund, a capital investment vehicle being developed by the FDIC to support insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). As anchor investors, […]

FDIC: Three Winning Teams Selected in FDITECH Tech Sprint to Reach the Unbanked

The Federal Deposit Insurance Corporation (FDIC) today announced the selection of three winning teams in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The tech sprint’s evaluation panel selected the following organizations as winners in the following categories: Category […]