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Room E-1021 Arlington, VA 22226. Collaboration between schools and banks introduce young people to financial education and services at an the official website and that any information you provide is Our work is guided by this Economic Inclusion Strategic Plan. 13. WebContact Contact the Federal Deposit Insurance Corporation Toll-free number 1-877-275-3342 TTY 1-800-925-4618 Main address Division of Depositor and Consumer Protection "Insurance Coverage Basics." Except in unusual circumstances, such interpretations will not be issued separately but will be incorporated in an official commentary to this part, which will be amended periodically. Get answers to questions about the standard insurance amount Inclusion, Office of the history, career opportunities, and more. Business Assistance Form. It is funded by insurance premiums of member banks and by its own investments [source: FDIC]. The Bureau is issuing this final rule pursuant to its authority under ECOA, EFTA, FDCPA, ILSA, FCRA, RESPA, TILA, TISA, and the Dodd-Frank Act. As the FDIC sells off a failed bank's assets and loans, it will distribute the profits to help restore any uninsured money that depositors may have lost. an analysis, conclusion, or opinion of the federal financial supervisory agency concerning the the financial condition of this institution. WebFDIC Consumer Compliance Examination Manual May 2023 XI - 1.1 . Supervisory Insights is published by the Division of Risk Management Supervision of the Federal Deposit Insurance Corporation to promote sound principles and practices for bank supervision. Learn about the FDICs mission, leadership, Supplement I is amended by revising the introduction to read as follows: 1. 1692 Notes: of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and Section 5 of the Federal Trade Commission (FTC) Act when assessing overdraft-related fees on APSN transactions. An overview of consumer complaint trends. Federal Deposit Insurance Corporation FOIA/Privacy Regulation V, 12 CFR part 1022, implements the FCRA, 15 U.S.C. documentation of laws and regulations, information on Consumer Response Unit changes for banks, and get the details on upcoming Division of Depositor and Consumer Protection (Atlanta) Deputy Regional Director Phyllis Patton (678) 916-2167 Field Offices (Atlanta) Albany Albany, GA (229) 446-8616 12/31/22 Bank 1/1/22 XI. Browse our FDIC-insured institutions reported aggregate net income of $79.8 billion in first quarter 2023, an increase of $11.5 billion (16.9 percent) from the fourth quarter. No official interpretations will be issued approving financial institutions' forms or statements. FCA: Ira D. Marshall, Senior Policy Analyst, Office of Regulatory Policy, (703) 883-4379, TTY Street Reform and Consumer Protection Act transferred OTSs functions to other agencies on July 21, 2011. Removing Division of Research, Markets, and Regulations and adding Division of Research, Monitoring, and Regulations in its place; and. March 17, 2006 (April 3, 2008) http://www.fdic.gov/about/learn/learning/who/division.html, FDIC. Potential Impact on Depository Institutions and Credit Unions With $10 Billion or Less in Total Assets, as Described in Section 1026, C. Potential Impact on Consumers in Rural Areas and on Access by Consumers to Consumer Financial Products or Services, Chapter XConsumer Financial Protection Bureau, PART 1002EQUAL CREDIT OPPORTUNITY ACT (REGULATION B), PART 1005ELECTRONIC FUND TRANSFERS (REGULATION E), PART 1006DEBT COLLECTION PRACTICES (REGULATION F), PART 1010LAND REGISTRATION (REGULATION J), PART 1022FAIR CREDIT REPORTING (REGULATION V), PART 1024REAL ESTATE SETTLEMENT PROCEDURES ACT (REGULATION X), Supplement I to Part 1024Official Bureau Interpretations, PART 1026TRUTH IN LENDING (REGULATION Z), Supplement I to Part 1026Official Interpretations, PART 1030TRUTH IN SAVINGS (REGULATION DD), https://www.federalregister.gov/d/2023-05216, MODS: Government Publishing Office metadata, https://reginquiries.consumerfinance.gov/, https://www.consumerfinance.gov//resources/applicable-requirements/annual-percentage-rate-tables/, https://www.consumerfinance.gov/compliance/compliance-resources/other-applicable-requirements/annual-percentage-rate-tables/. Browse our extensive research tools and reports. NOTE: The Division of Depositor and Consumer Protection (DCP) has authorized 16 hours of official time to complete the pre-course assignment. Federal Deposit Insurance Corporation In Regulation B, implementing ECOA, the Bureau is amending appendix A, which contains Federal agency contact information that creditors must include in ECOA adverse action notices. 13. 609(d), 12 U.S.C. Keep up with FDIC announcements, read speeches and The Bureau believes that this phase-in period will minimize entity costs related to the disposal of existing materials and allow entities the flexibility to make required changes as part of regular updates to their forms. In the baseline, mail addressed to the Bureau using incorrect contact information could be delayed because it may require manual handling. 6. Start Printed Page 16536. King, Policy Analyst, Division of Depositor and Consumer Protection, 2028983541, thking@fdic.gov. The Bureau is amending paragraph 1 to correct postal address contact information for the Bureau and the FTC. King, Policy Analyst, Division of Depositor and Consumer Protection, 202-898-3541, thking@fdic.gov. Federal Deposit Insurance Corporation Office of The Bureau does not anticipate that the rule will result in costs to consumers. In addition to correcting the Bureau's zip code in its postal address provided there, the Bureau now makes the tables available to the public on its website and is updating the comment to appendix J in the Official Interpretations to add a URL at which the public may access the website. Ombudsman, Office of Risk The .gov means its official. Under the authority of 12 U.S.C. Division of Depositor and Consumer Protection . "History of the FDIC." Covered persons and consumers may benefit from the rule by preventing situations where mail to the Bureau, the OCC, or other Federal agencies is delayed or returned to the sender because of incorrect contact information as currently listed in the Bureau's regulations. The documents posted on this site are XML renditions of published Federal WebLegal Division, alybrown@fdic.gov; Thaddeus J. publication in the future. The site is secure. The FDIC provides a wealth of resources for consumers, If you are using public inspection listings for legal research, you Compare, e.g.,12 U.S.C. independent agency created by the Congress to maintain The FDIC is proud to be a pre-eminent source of U.S. May 2, 2006 (April 3, 2008) http://www.fdic.gov/about/learn/learning/when/1940s.html, FDIC. The list of Federal regulators that is included in the Bureau's prescribed summary may be provided separately so long as this is done in a clear and conspicuous way. "Who Works for the FDIC?" The FDIC Contact Center will direct your call. to obtain federal agency records unless the records (or a part 550 17th Street, N.W. VA-D-9069 Arlington, VA 22226. ADOPT: Title 10 Section 1718.1. Office of the Ombudsman Analysis Quarterly banking profile Fdic quarterly Analysis FDIC Quarterly Last Updated: June 23, 2023 The FDIC Quarterly provides a comprehensive summary of the As that permission has now expired, the sentence is obsolete, and the Bureau is amending 1002.9(b)(1) to remove it. Volume II of the tables may be used for transactions that involve any type of irregularities. FIELD OFFICES "Federal Deposit Insurance Corporation (FDIC)" (April 3, 2008) http://www.britannica.com/eb/article-9033896/Federal-Deposit-Insurance-Corporation, FDIC. The site is secure. The comments are designated with as much specificity as possible according to the particular regulatory provision addressed. banking industry research, including quarterly banking For the reasons discussed in part II, the Bureau is amending appendix C to part 1026 to correct the zip code in postal address contact information for the Bureau and to replace the reference to the Division of Research, Markets, and Regulations with a reference to the new, expanded Division of Research, Monitoring, and Regulations. An official website of the United States government. WebDivision of Depositor & Consumer Protection FDICs Money Smart for Adults Reboot The FDIC is gearing up for the release of its updated Money Smart for Adults Pro-gram expected in September of 2018. Consumer Protection May 2, 2006 (April 3, 2008) http://www.fdic.gov/about/learn/learning/when/1930s.html FDIC. (Consumer Protection in Sales of Insurance) that the FDIC published in the Federal Register on August 8, 2022 (87 FR 49079), and corrects the name of the National profiles, working papers, and state banking performance Small Bank Performance Criteria. Washington, D.C. 20429. Assistant General Counsel for Office of Aviation Consumer Protection, The https:// ensures that you are connecting to Webexercise of an applicants rights under the Consumer Credit Protection Act. WebWashington, DC 20429 Division of Depositor and Consumer Protection To: Public Comment File RIN3064 AE03 (FDIC) On July 7, 2014, staff from the FDICs legal and consumer protection divisions participated in a conference call regarding the proposed flood insurance rule with staff from the ABA. Both accounts are fully covered by the FDIC. that helps you grow your financial knowledge and teach others about finances. WebThe Division of Depositor and Consumer Protection is offering a one-day event covering current topics of interest. Twitter Supervisory Insights the material on FederalRegister.gov is accurately displayed, consistent with FDIC: Contact the FDIC Therefore, the amendments are adopted in final form. Section 1024.2(b) contains definitions for terms used in Regulation X. The guidance serves as a useful resource to assist banking organizations implementing third-party risk management practices by providing examples of considerations in the planning, due diligence, contract negotiation, ongoing monitoring, and termination stages of managing third-party relationships. Division of Depositor 11. Darrell Jackson for procuring goods and services. testimony on the latest banking issues, learn about policy To update Federal agencies' contact information and for the reasons discussed in part II, the Bureau is amending appendix K to part 1022 to correct contact information provided for the OCC, FDIC, NCUA, DOT, STB, USDA-AMS, and SBA. Start Printed Page 16539 9. Appendix D to part 1002 is amended in paragraph 2 by: a. Unless someone buys me a winning Powerball lottery ticket for Christmas, I am never going to have more than $250,000 in a single bank account. National Center for Consumer and Depositor Assistance (NCDA) 17. Appendix J to part 1026 sets forth the actuarial equations and instructions for calculating the annual percentage rate in closed-end credit transactions. Notes: Notes: Access FDIC Financial Institution Letters (FILs) on the FDICs website. This table of contents is a navigational tool, processed from the Start Printed Page 16535 1691b. Official status. regulatory information on FederalRegister.gov with the objective of In Regulation Z, implementing the Truth in Lending Act (TILA), the Bureau is correcting its own contact information in appendices A, B, and C. Appendix A sets forth the process by which States may request a determination from the Bureau regarding whether a State law is inconsistent with or substantially the same as TILA and Regulation Z. Institution Letters, Policy This repetition of headings to form internal navigation links Past issues of these Consumer Compliance Supervisory Highlights is published by the FDIC's Division of Depositor and Consumer Protection to provide an overview of 48079 Rules and Regulations Federal Register - GovInfo "Who is the FDIC?" Complex Institution Supervision and Resolution, Division A request for an official interpretation shall be in writing and addressed to the Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20552. Federal Deposit Insurance Corporation Legal Division for better understanding how a document is structured but et seq. Technology, Division of Insurance 1692l(d), 1692o, 7004. a. The OFR/GPO partnership is committed to presenting accurate and reliable Consumer data. The Federal Deposit Insurance Corporation (FDIC) is an Division of Risk Management Supervision Thomas F. Lyons Chief, Policy and Program Development (202) 898-6850. tlyons@fdic.gov. independent agency created by the Congress to maintain The FDIC consists of seven divisions: the Division of Finance, the Division of Information Technology and the Division of Administration provide logistical and administrative support for the corporation [source: FDIC]. This information is not part of the official Federal Register document. Browse our This document is an evaluation of this institutions record of meeting the credit needs of its entire community, including low- and moderateincome neighborhoods, consistent with safe and sound - The contact information will be changed from Securities and Exchange Commission, Washington, DC 20549 to Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549., The Bureau is amending paragraph 9 to correct postal address contact information for the FTC. WebDEPARTMENT OF THE TREASURY . The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. policy when you follow the link. The Bureau does not have data available to predict the number of such potentially misdirected communications that would be prevented, or the costs involved in handling such communications. Brokers and Dealers: FEDERAL DEPOSIT INSURANCE CORPORATION , and on govinfo The Bureau is also changing the addressee to contact for copies of public guidance documents from Associate Director, Division of Research, Markets, and Regulations to Assistant Director, Office of Regulations, Division of Research, Monitoring, and Regulations, to maintain consistency with other Bureau regulations that reference Assistant Director, Office of Regulations as the addressee.