News & Analysis as of

Federal Deposit Insurance Corporation › Banking Sector › Consumer Protection Laws

The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain... more +
The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships.  less -
Orrick, Herrington & Sutcliffe LLP

FDIC and OCC release CRA evaluations for May and July of 2025, respectively

Orrick, Herrington & Sutcliffe LLP on

On August 5, the FDIC released its list of state nonmember banks evaluated for CRA compliance, covering ratings assigned in May 2025. The FDIC released the ratings of 69 institutions, with 63 receiving a satisfactory rating,...more

Sheppard Mullin Richter & Hampton LLP

FDIC Orders Bank to Pay $1.225 Billion for Alleged Interchange Fee Misclassification 

Sheppard Mullin Richter & Hampton LLP on

On April 18, the FDIC announced a consent order against a Delaware-based bank alleging that the bank engaged in unsafe and unsound banking practices and violated various federal consumer protection laws, including Section 5...more

Orrick, Herrington & Sutcliffe LLP

FDIC orders state bank to pay $1.375B

Orrick, Herrington & Sutcliffe LLP on

On April 18, the FDIC announced that it amended its 2023 consent order against an insured state nonmember bank, as well as issued a new order for restitution and order to pay, concluding the bank recklessly engaged in unsafe...more

Orrick, Herrington & Sutcliffe LLP

McKernan receives committee vote of approval before Senate confirmation

Orrick, Herrington & Sutcliffe LLP on

On March 6, the U.S. Senate Banking Committee advanced Jonathan McKernan’s nomination to serve as director of the CFPB in a 13-11 vote along party lines, with all Democrats opposing. As previously covered by InfoBytes, the...more

Davis Wright Tremaine LLP

Banking and Consumer Regulatory Digest - May 2024

Davis Wright Tremaine LLP on

Bank for International Settlements. Credit risk management. On April 30, 2024, Bank of International Settlements issued updated guidance on counterparty credit risk management. The fresh guidance reaffirms the need for...more

5 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide