Statement by Vice Chairman Travis Hill on the Creation of the Office of Professional Conduct
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 […]
Can ‘ATM pools’ save cash?
U.K. banks are testing machines that can accept deposits from multiple machines.
Press Release: FDIC Approves the Deposit Insurance and Merger Applications for Thrivent Bank, Salt Lake City, Utah
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 […]
Senate Banking Committee sets date for FDIC nomination hearing
The Senate Banking Committee will consider the nomination of Christy Goldsmith Romero — the administration’s pick to take over the Federal Deposit Insurance Corp. — on July 11.
Press Release: FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity
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, […]
After Vullo, why is NYDFS still suppressing speech?
New York Department of Financial Services’ guidance advising banks and insurers to avoid doing business with the NRA was ruled as likely to be unconstitutional by the Supreme Court. Why is it still on the department’s website?
Bank of Hawaii, hit by unrealized bond losses, eyes capital raise
The Honolulu bank is raising $165 million through depositary shares, a move that two observers said would help boost its below-average leverage ratio.
Judge deals blow to Colorado’s crackdown on high-cost loans
A federal judge granted a preliminary injunction sought by industry groups that sued to block a Colorado law. The law, which would cap interest rates on consumer loans, targets partnerships between fintechs and out-of-state banks.
Massachusetts mutual bank holding companies to merge
PeoplesBank and Cornerstone Bank entered into an agreement to combine their holding companies in a deal slated to close early in 2025. The banks would continue to operate separately.
FHFA seeks input on Home Loan Banks’ affordable housing program
The Federal Housing Finance Agency wants feedback on how the Federal Home Loan Banks can improve their affordable housing programs, including efficiencies in the application process.