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