News & Analysis as of September 13, 2024

Federal Deposit Insurance Corporation › Fannie Mae

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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 -

Daily Financial Regulation Update -- Wednesday July 31, 2024

Paul Hastings LLP on 8/1/2024

July 30, 2024 - The Board of Directors of the Federal Deposit Insurance Corporation (“FDIC”) approved a notice of proposed rulemaking, which if implemented, will effectively roll back significant portions of 2020’s...more

Daily Financial Regulation Update -- Friday July 19, 2024

Paul Hastings LLP on 7/19/2024

July 18, 2024- The Consumer Financial Protection Bureau proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, could be consumer loans subject to the...more

Daily Financial Regulation Update -- Saturday June 22, 2024

Paul Hastings LLP on 6/24/2024

June 21, 2024 - The Federal Deposit Insurance Corporation and Federal Reserve Board announced that following their joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks, they...more

Daily Financial Regulation Update -- Wednesday May 8, 2024

Paul Hastings LLP on 5/9/2024

May 7, 2024- The Federal Deposit Insurance Corporation (“FDIC”) released the report from am independent third-party review of allegations of sexual harassment and other interpersonal misconduct at the FDIC and management’s...more

Banking and Consumer Regulatory Digest - April 2024 - 2

Davis Wright Tremaine LLP on 5/6/2024

Federal Reserve Board. Extended comment period. On April 24, 2024, FRB and the Office of the Comptroller of the Currency said they would continue to accept comments on Capital One's proposed acquisition of Discover Financial...more

Daily Financial Regulation Update -- Saturday, February 24, 2024

Paul Hastings LLP on 2/27/2024

February 23, 2024- the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is sanctioning almost 300 individuals and entities to mark the second anniversary of the Ukraine war and in response to the...more

Daily Financial Regulation Update -- Thursday, February 8, 2024

Paul Hastings LLP on 2/9/2024

February 7, 2024- The U.S. Department of the Treasury published the 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing....more

Daily Financial Regulation Update -- Wednesday, January 17 2024

Paul Hastings LLP on 1/17/2024

January 16, 2024- The Federal Reserve Board published a working paper entitled, "A Field Guide to Monetary Policy Implementation Issues in a New World with CBDC, Stablecoin, and Narrow Banks."...more

Daily Financial Regulation Update -- Tuesday, January 9 2024

Paul Hastings LLP on 1/9/2024

January 8, 2024- Secretary of the Treasury Janet L. Yellen gave remarks at the Financial Crimes Enforcement Network. January 8, 2024- The Federal Reserve Board released the G.19 consumer credit data for November 2023....more

Daily Financial Regulation Update -- Tuesday, December 19 2023

Paul Hastings LLP on 12/22/2023

December 18, 2023- The Federal Deposit Insurance Corporation issued an advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for...more

Daily Financial Regulation Update -- Friday, December 8, 2023

Paul Hastings LLP on 12/8/2023

December 7, 2023- U.S. Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.) and Banking Committee Republicans are calling on Federal Deposit Insurance Corporation Chairman Martin...more

Daily Financial Regulation Update -- Wednesday, November 22, 2023

Paul Hastings LLP on 11/22/2023

November 21, 2023- The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has settled with Binance...more

Proposed Rule on Quality Control Standards for Automated Valuation Models: Comments Closed and Now What?

Dechert LLP on 11/9/2023

The proposed rule, if adopted, would apply to mortgage originators and issuers of mortgage-backed securitizations that rely on automated valuation models (“AVMs”) to determine the value of real estate collateral. The...more

Daily Financial Regulation Update -- Tuesday, October 17, 2023

Paul Hastings LLP on 10/17/2023

October 16, 2023- The U.S. Department of the Treasury and the Cyber Security Council of the United Arab Emirates announced the finalization of a bilateral Memorandum of Understanding on Cybersecurity Cooperation during a...more

Daily Financial Regulation Update -- Friday, September 29, 2023

Paul Hastings LLP on 9/29/2023

September 28, 2023- The U.S. House Committee on Small Business Subcommittee on Rural Development, Energy, and Supply Chains held a hearing titled "Energy Independence: How Burdensome Energy Regulations are Crushing Small...more

Daily Financial Regulation Update -- Tuesday, September 19, 2023

Paul Hastings LLP on 9/19/2023

September 18, 2023- New York State Department of Financial Services (DFS) issued an update on an ongoing initiative to strengthen DFS oversight of virtual currencies. September 18, 2023- The Federal Reserve Bank of New...more

Daily Financial Regulation Update -- Friday, July 28, 2023

Paul Hastings LLP on 7/28/2023

July 27, 2023- The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are requesting comment on a proposal to increase the strength and...more

What Does the Nation's Second Largest Bank Failure Mean for Business?

Holland & Hart LLP on 5/2/2023

In what is now the second largest bank failure in United States history, the California Department of Financial Protection and Innovation closed embattled San Francisco-based First Republic Bank shortly after midnight...more

Daily Financial Regulation Update -- Thursday, April 27, 2023

Paul Hastings LLP on 4/27/2023

April 26, 2023- House Financial Services Committee Chairman Patrick McHenry (NC-10), Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill (AR-02), and Oversight and Investigations Subcommittee...more

Daily Financial Regulation Update -- Saturday, April 22, 2023

Paul Hastings LLP on 4/24/2023

April 21, 2023- The Financial Stability Oversight Council (Council) voted unanimously to issue for public comment a proposed analytic framework for financial stability risks. The Council also voted unanimously to issue for...more

Daily Financial Regulation Update -- Tuesday, March 28, 2023

Paul Hastings LLP on 3/28/2023

March 27, 2023- The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First–Citizens Bank & Trust...more

Daily Financial Regulation Update -- Thursday, December 29, 2022

Paul Hastings LLP on 12/29/2022

December 28, 2022- The Federal Reserve Bank of Boston published a working paper entitled, "The Main Street Lending Program: Who Borrowed and How Have They Benefited?"...more

Daily Financial Regulation Update -- Friday, December 23, 2022

Paul Hastings LLP on 12/23/2022

December 22, 2022- The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation today issued a revised interagency statement to extend the...more

Daily Financial Regulation Update -- Tuesday, November 22, 2022

Paul Hastings LLP on 11/22/2022

November 21, 2022- The Federal Reserve Bank of New York's Center for Microeconomic Data today released results from its latest Survey of Consumer Expectations Credit Access Survey, which provides information on consumers'...more

Daily Financial Regulation Update -- Thursday, November 17, 2022

Paul Hastings LLP on 11/17/2022

November 16, 2022 The U.S House Committee on Financial Services held a hearing entitled, "Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions." The...more

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Federal Deposit Insurance Corporation › Fannie Mae

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