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2025-04088 — Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions; Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions With Total Consolidated Assets of $10 Billion or More; Regulations Implementing the Change in Bank Control Act; Withdrawal
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March 14, 2025
Type:Proposed Rule
Citation:90 FR 12115
Reading Time:about 3 minutes
The Federal Deposit Insurance Corporation (FDIC) is withdrawing its proposed rules related to brokered deposit restrictions, corporate governance, and the Change in Bank Control Act. These proposals, published in 2023 and 2024, aimed to revise existing regulations but faced issues like being overly complex, conflicting with state laws, and potentially discouraging investments in banks. If the FDIC decides to take regulatory action on these matters in the future, it will announce new proposals.
Simple Explanation
The FDIC has decided not to continue with some new banking rules that might have been too confusing or made it hard for people to invest in banks; if they want to try again later, they'll come up with new ideas.
2021-01883 — Agency Information Collection Activities: Revision of an Approved Information Collection; Comment Request; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
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January 28, 2021
Type:Notice
Citation:86 FR 7456
Reading Time:about 7 minutes
The Office of the Comptroller of the Currency (OCC) is inviting public and federal agency comments on a proposed revision to an information collection requirement under the Paperwork Reduction Act. This involves updating reporting requirements for national banks and federal savings associations, particularly those with assets of $250 billion or more, to align with stress test templates used by the Federal Reserve. The goal is to minimize the burden on these institutions while ensuring effective stress testing practices. Comments on the proposal are requested by March 29, 2021, and the OCC encourages electronic submissions.
Simple Explanation
The Office of the Comptroller of the Currency (OCC) wants to make sure big banks are ready for tough times without making them fill out too much paperwork. They're asking people to share their thoughts on how to do this better by March 29, 2021.
2021-02966 — Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks
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February 17, 2021
Type:Rule
Citation:86 FR 9837
Reading Time:about 15 minutes
The Federal Reserve has issued an interim final rule to extend relief for certain loans guaranteed under the Small Business Administration's Paycheck Protection Program (PPP) until March 31, 2021. This extension also includes PPP second draw loans and exempts insider loans from certain banking regulations if these loans pose minimal risk. This rule aims to facilitate lending to small businesses owned by bank insiders, ensuring they have access to financial resources without being hindered by restrictions. The public is invited to comment on the rule until April 5, 2021.
Simple Explanation
The Federal Reserve made a temporary rule that lets certain special loans to small businesses keep going until the end of March 2021 so that people who work at banks can get loans to help their businesses too, as long as it’s not risky.
2020-28455 — Removal of Transferred OTS Regulations Regarding Prompt Corrective Action Directives and Conforming Amendments to Other Regulations
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February 03, 2021
Type:Rule
Citation:86 FR 8104
Reading Time:about 40 minutes
The Federal Deposit Insurance Corporation (FDIC) has implemented a final rule to remove outdated and duplicative regulations related to "Prompt Corrective Action" that were inherited from the Office of Thrift Supervision (OTS). The goal is to streamline regulations and ensure clarity by consolidating these rules into existing FDIC regulations. This change affects state savings associations, making it clear that all FDIC-supervised institutions will follow the same regulations. These adjustments are not expected to have substantial impacts on small entities, as the rules remain consistent with existing FDIC standards.
Simple Explanation
The FDIC has decided to clean up old rules from another agency to make things simpler, so now all banks they watch over will follow the same rules, kind of like having the same bedtime rules for all kids in the house.

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