Tag: FDIC
-
FDIC Names Five New Members to Its Systemic Resolution Advisory Committee
As it is quite well known, the Great Depression that started in 1929 had a devastating toll on the American economy, people, and spirit. Because of this, Franklin D. Roosevelt signed the 1933 Glass-Seagall Act which created the Federal Deposit Insurance Corporation. Through this, a new government agency was born to maintain stability and foster…
-
FDIC Proposal Exempts Residential Real Estate Transactions of $400,000 or Less from Appraisal
On November 20th, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking that will raise the threshold for residential real estate transactions that require an appraisal to $400,000, from the current level of $250,000. This proposal is a response to concerns that the current threshold is not reflective of price appreciation and…
-
FDIC Issues Request for Information on Small-Dollar Lending Products
The Federal Deposit Insurance Corporation has recently requested comments from individuals and parties interested on issues regarding small-dollar lending and ways to improve small-dollar credit offerings that not only meet customers’ needs and are economically viable but are also underwritten and structured responsibly. Comments for the request for information (RFI) are due no later than…
-
NAWRB Conference Interview with Victor Christiansen, FDIC, OMWI
NAWRB: For those who might not know, describe what you do. I work in the Office of Women and Minority Inclusion and I’m a branch chief. The branch is called Minority and Women in Business Diversity Inclusion branch. NAWRB: Where did your career begin? I started in the general accounting office which is now the…
-
2018 Live Conference Updates: OMWI/Procuring Contracts
Procuring contracts may not sound the most glamorous of topics, however, this panel was not only information-packed but all of our speakers from government and local agencies made themselves incredibly accessible to our attendees.
-
FDIC Releases Plan to Help Financial Institutions in Hawaii
The Federal Deposit Insurance Corporation (FDIC) recently released its guideline for regulatory relief of financial institutions affected by natural disasters in Hawaii. The guide outlines the steps by which it will help these regulated entities make a full recovery from accrued damages.
-
FDIC Chairman Martin J. Gruenberg Speaks at Technology Forum in Arlington
The Federal Deposit Insurance Corporation (FDIC) released remarks from Chairman Martin J. Gruenberg at the Forum on the Use of Technology in the Business of Banking that took place yesterday, May 7th, in Arlington, Virginia. At the forum, banking experts and technology leaders in the industry gathered to discuss how emerging technologies will change banking…
-
Federal Bank Agencies Assist Community Development after Hurricane Maria
A press release by the Federal Deposit Insurance Corporation reveals that federal bank regulatory agencies will give “favorable consideration” to disaster areas affected by Hurricane Maria, predominantly located outside of the U.S. Virgin Islands and Puerto Rico. This will be carried out under Community Reinvestment Act (CRA) regulations, which encourage financial institutions to assist community…
-
Jumpstarting Your Career & Business in the Housing Ecosystem
As a professional in the housing ecosystem, it is crucial to think outside the box and utilize the resources at your disposal to grow and advance your business and career. Analyzing your market, familiarizing yourself with the competition and crafting a superior business plan are great first steps, but pioneering decisions are what will make…
-
FDIC Announces Youth Savings Pilot Symposium
The Federal Deposit Insurance Corporation (FDIC) has announced that it will host a symposium on developing youth savings on Friday, October 21, 2016. The symposium, “Learning to Save – Saving to Learn,” will unite representatives from almost 20 bank participants in the FDIC’s Youth Savings Pilot program, alongside non-profit and school partners. Participants will convene…