FDIC Supervisory Insights Summer 2009

Issue at a Glance
Volume 6, Issue 1 Summer 2009
Letter from the Director ......................................................... 2
Articles
A Year in Bank Supervision:
2008 and a Few of Its Lessons 3
2008 was a year of crisis for the U.S. financial services industry.
In 2008 and shortly thereafter, more than $13 trillion in
temporary loans, liability and asset guarantees, and other
government programs supporting financial institutions were
put in place or announced, and policymakers focused attention
on potential improvements to financial regulation. This
article presents a chronology of the more significant events
and developments affecting financial institutions during 2008
and concludes with a discussion of areas of supervisory
focus going forward.
Remote Deposit Capture: A Primer 19
Remote Deposit Capture (RDC) technology is helping to improve the
efficiency of how banks process check deposits. RDC allows financial
institution customers to “deposit” checks electronically at remote
locations, usually in the customers’ offices, for virtually instant credit
to their accounts. This article discusses the development and recent
growth in the use of RDC, identifies risks to financial institutions that
offer this service, and highlights appropriate risk management
strategies.
Regular Features
From the Examiner’s Desk:
Changes to Regulation Z Afford
Increased Consumer Protections 25
Recent amendments to Regulation Z
extend specific protections to consumers
of a newly created category of
mortgage loans called “higher-priced”
home mortgages and enhance protections
for consumers of “high-cost”
and other mortgages. This article
examines each of the four significant
amendments to Regulation Z and offers
suggestions for compliance professionals
responsible for ensuring compliance
with these critical regulatory changes.
Regulatory and Supervisory Roundup 42
This feature provides an overview
of recently released regulations and
supervisory guidance.
Supervisory Insights Summer 2009
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