Articles

FDIC Proposed Rule Regarding False Advertising, Misrepresentations about Insured Status & Misuse of FDIC Name or Logo

August 13, 2021 - 3 min read

On May 10, 2021, the Federal Deposit Insurance Corporation (FDIC) proposed a rule to implement section 18(a)(4) of the Federal Deposit Insurance Act, which prohibits any person from making false or misleading representations about deposit insurance or from using the FDIC’s name or logo in a manner that would imply an uninsured financial product is…

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Joint Statement on Risk-Focused BSA/AML Supervision

December 18, 2019 - 1 min read

In July 2019, the OCC, FDIC, Federal Reserve, the NCUA, and FinCEN issued a joint statement to emphasize their risk-focused approach to examinations of banks’ Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance programs. This statement is being issued as part of a broader effort to reinforce and enhance the effectiveness and efficiency of the BSA/AML regime….

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Community Reinvestment Act

September 11, 2019 - 3 min read

 The Federal Deposit Insurance Corporation (FDIC) recently released their Community Reinvestment Act (CRA) exam schedule for the 3rd quarter of 2019. Whether your institution is on the exam schedule or not, it is important to keep up-to-date regarding knowledge of your assessment area. Below are useful resources for information regarding state, county, census tracts, and…

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