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The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued Final Rules last month in an effort to address the “legal confusion” regarding the impact of the permissible interest when a bank transfers a loan to a third party. Federal Deposit Insurance Corporation (FDIC) - The FDIC insures state-chartered banks that are not members of the Federal Reserve System. OCC, or (3) has entered into a passivity agreement with the FDIC, in each case permitting the fund complex to directly or indirectly acquire up to 15 percent of the shares of a bank without making a filing under the Change in Bank Control Act, Bank Holding Company Act, or Home The FDIC also insures deposits in banks and federal savings associations in the event of bank failure. FDIC: OCC: Deposit Insurance Regulator: FDIC: FDIC: FDIC: Consumer Compliance Regulator (Less than $10 Billion in Assets) Federal Reserve: State: OCC: Consumer Compliance Regulator ($10 Billion or More in Assets) CFPB: CFPB: CFPB: Federal Reserve Bank of St. Louis The FDIC, short for the Federal Deposit Insurance Corporation, was founded at the tail-end of the Great Depression in 1933. Dive Brief: A proposal Tuesday from the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) would require banks to notify their primary federal regulator within 36 hours of making a good-faith determination that a cybersecurity incident could materially disrupt, impair or degrade their operations, or threaten U.S. financial stability. Investment Securities (Comptroller's Handbook Section 203, 1990). Both the OCC and FDIC rules, which apply to federally chartered and state-chartered banks, respectively, are now the subjects of separate legal … The FDIC's Consumer Protection page … The FDIC declined to join the OCC’s CRA reform effort, despite seemingly being in lock-step with the OCC up until that point. Learn More. One of the banks in my area is a nationally chartered bank (OCC regulated) even though it is only in one state. The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks. FDIC. Event / Sept. 15, 2020 Deposit Insurance Coverage Seminars The FDIC will conduct identical live seminars on FDIC deposit insurance coverage for bank employees and bank officers on September 15, 2020, October 21, 2020, November 2, 2020, and December 10, 2020. References. Curiosity killed the cat - so if that's the case, please let me know! 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