Search
RSS
Our Attorneys
Twitter
Twitter

Entries in FDIC (18)

Wednesday
May282014

FDIC Wants to Help Consumers "Save at the Bank," Avoid Fraud

The Spring 2014 issue of the FDIC Consumer Newsletter is now out.  This quarter, the focus is on helping consumers “Save at the Bank.”  The articles include tips for consumers to:

  • Lower their banking fees, including checking fees, lowering mortgage costs, and refinancing consumer loans;
  • Reduce the risk of fraud and theft, and
  • Tips on person-to-person (P2P) payments.

A full color copy of the newsletter is available here

The FDIC’s May 27, 2013 announcement can be found here.

Thursday
May152014

FDIC Releases Resource Guide to CDFIs 

On May 8th, 2014, the FDIC released a Resource Guide to help banks meet their community credit and development goals, as required under the Community Reinvestment Act.  The Resource Guide focuses on opportunities to work with community development financial institutions (CDFIs).

Click to read more ...

Thursday
Apr032014

Bank Regulators Warn About Cyber-Attacks

On April 2, 2014, the FDIC issued a Financial Institution Letter notifying banks of recent “large dollar” ATM fraud and related cyber-attacks aimed at tapping into web-based control panels for ATMs. The FDIC highlighted a recent $40 million theft involving the use of 12 debit card accounts. The FIL included guidance for financial institutions related to reducing financial and other risks associated with cyber-attacks.

Click to read more ...

Tuesday
Oct152013

FDIC Asks Bank Directors and Officers: Are You Covered?

The Federal Deposit Insurance Corporation wants its members to sure that their director and officer liability insurance is adequate. On October 10, 2013, the FDIC issued an Advisory Statement urging banks to review their D&O policies to ensure the policies provided sufficient coverage to attract and retain high quality individuals.

Click to read more ...

Wednesday
Oct092013

FDIC Letter: Four Steps for Managing Interest Rate Risk

On October 8th, the FDIC issued a Financial Institution Letter (FIL-46-2013) entitled “Managing Sensitivity to Market Risk in a Challenging Interest Rate Environment.” The letter outlines four key areas for banks to consider in managing the risk of rising interest rates.

Click to read more ...