FDIC finds banks violated RESPA on mortgage brokerage payments

FDIC finds banks violated RESPA on mortgage brokerage payments

Mortgage brokers’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services... Read more »
Senior FDIC official to lead Conference of State Bank Supervisors

Senior FDIC official to lead Conference of State Bank Supervisors

The Conference of State Bank Supervisors’ (CSBS) board of directors appointed Brandon Milhorn – current deputy to Federal Deposit Insurance Corporation (FDIC) vice chairman Travis Hill – as its incoming president and... Read more »
How Does FDIC Deposit Insurance Work?

How Does FDIC Deposit Insurance Work?

When it comes to banking, safety or deposit insurance is a top concern for depositors. The Federal Deposit Insurance Corporation (FDIC) was created to help ensure that depositors’ funds are protected in... Read more »