Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Friday, November 22, 2013

FDIC, OCC Finalize Guidance on Deposit Advances

The FDIC and OCC finalized guidance intended to ensure that banks are aware of the “significant” risks associated with deposit advance products. The agencies said that examiners will assess credit quality and underwriting (including a customer’s ability to repay and bank relationship), adequacy of capital, banks’ reliance on fee income, allowance for losses, compliance with consumer protection laws, management oversight and relationships with third parties.

Read the OCC’s guidance.
Read the FDIC’s guidance.

No comments:

Post a Comment

Please read our comment policy before making a comment.