Banking regulations

FDIC Clears Israel Discount and F&M Banks of Regulatory Orders

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FDIC Clears Israel Discount and F&M Banks

In a significant development for two U.S.-based financial institutions, the Federal Deposit Insurance Corporation (FDIC) has terminated the consent orders against Israel Discount Bank of New York and F&M Bank and Trust Company. These orders were issued to address various regulatory shortcomings, including deficiencies in anti-money laundering compliance and unsafe banking practices. Now, after years … Read more

Lawmakers Urge Regulators to Rethink “One-Size-Fits-All” Bank Regulations

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Lawmakers Urge Regulators to Rethink “One-Size-Fits-All”

Republican members of the House Financial Services Committee have called on federal banking regulators to reconsider their “one-size-fits-all” approach to regulations for mid-sized banks with assets between $100 billion and $250 billion. In a letter dated Friday, Nov. 21, the lawmakers urged the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency … Read more