The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by severe storms, tornadoes, straight-line winds, and flooding.
The Federal Deposit Insurance Corp., along with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision, is issuing guidance to clarify supervisory expectations and to highlight key considerations to implement an effective advanced...
The National Credit Union Administration on May 31 liquidated Valued Members Federal Credit Union of Jackson, Miss. Magnolia Federal Credit Union, also of Jackson, immediately purchased and assumed Valued Members Federal Credit Union's assets, liabilities and members.
After one of the worst tornadoes in history hit Joplin, Mo., on May 22, National Credit Union Administration Board Chairwoman Debbie Matz reminded residents of Joplin and other hard hit storm areas of the agency's disaster relief policy to assist credit unions and their members in dealing with local recovery efforts.
In recognition of National Hurricane Preparedness Week, National Credit Union Administration Board Chairwoman Debbie Matz reminds credit unions to adopt contingency plans for potential weather disasters. The National Oceanic and Atmospheric Administration has predicted an above normal 2011 Atlantic hurricane season.
The FDIC has announced that banks and associated parties are encouraged to use FDIC to access an electronic filing system for Securities Exchange Act filings and submit period reports, proxy materials, other securities disclosure documents, and related correspondence to the FDIC.
BITS President Leigh Williams gave a before the House Judiciary Committee Subcommittee on Intellectual Property, Competition and the Internet on May 25, 2011 supporting legislation that will strengthen the cyber ecosystem.
The National Credit Union Administration in February liquidated Family First Federal Credit Union of Orem, Utah. Security Service Federal Credit Union of San Antonio purchased and assumed Family First's assets, liabilities and members.
Summit Bank, Burlington, Washington, was closed today by the Washington State Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma,...