Joe Adler

The Senate late Thursday confirmed the top two senior officials to lead the Federal Deposit Insurance Corp. following months of uncertainty.

Tom Hoenig, a FDIC board member, reiterated his doubts that too big to fail has been eliminated, and offered his prescriptions for strengthening the system.

WASHINGTON — Bank and credit union regulatory agencies issued additional guidance late Wednesday endorsing "prudent efforts" by financial institutions to aid customers affected by Hurricane Sandy.

With financial institutions worried the Consumer Financial Protection Bureau will hinder business innovation, the agency on Wednesday argued that one of its mandates is the exact opposite.

The New York Democrat, a senior member of the Senate Banking Committee, has secured his role as vice chair of the Democratic conference and chair of the Senate Democratic Policy and Communications Center for another term.

WASHINGTON — The Federal Deposit Insurance Corp. on Wednesday announced an April 2014 closing date for its Jacksonville, Fla., office established during the financial crisis to handle elevated failures.

Fed Gov. Elizabeth Duke said heightened burden from Dodd-Frank and Basel rules could make mortgage lending a less viable option for community banks, which make up a "significant" portion of the market.

In update of the FDIC's community bank initiatives, officials reveal a Web-based feature designed to ensure examiner data requests are germane to individual exams.

The elections on Nov. 6 mostly delivered the status quo, but raised a host of questions about how lawmakers will tackle the fiscal cliff, big bank breakups and housing finance reform.

Although the Federal Deposit Insurance Corp.'s yearlong study of challenges and opportunities for community banks is expected to yield a final report next month, the agency will release an update on some of its findings this week.

Although bankers want full insurance for certain deposits to be extended, the Federal Deposit Insurance Corp. encouraged institutions Monday to tell customers in advance that that insurance may expire.

The CFPB, FDIC and FHFA face a number of potential scenarios affecting their leadership structure depending on who wins Tuesday night.

Regulators closed the $225 million-asset Heritage Bank of Florida in Lutz, and the $924 million-asset Citizens First National Bank in Princeton, Ill. The two failures were estimated to cost the FDIC a combined $111 million.

Parkmobile USA, which had drawn fire for suggesting the debit interchange cap was behind its fee increase for D.C. customers, on Thursday issued an apology for the statement.

Federal bank regulators gave their examiners new guidelines Wednesday for supervising technology service providers.

As it implements Dodd-Frank regime for resolving systemically important firms, the FDIC must ensure creditors receive at least as much as they would in a Chapter 7 proceeding.

Acting Federal Deposit Insurance Corp. Chairman Martin Gruenberg is leaving his post at the helm of a group that sets standards for deposit backers around the world.

A private-sector analysis of the implementation of the Dodd-Frank resolution facility outlines several tasks the FDIC needs to complete before it's ready for the next crisis.

Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.

With the growing prevalence of card products such as Walmart's Bluebird, the availability and disclosure of the types of safeguards against loss of customer funds is fast becoming a hot topic.