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TBA News & Headlines

Agencies Issue Guidance on Deposit Reconciliation

The guidance reminds bankers that they either must adopt deposit reconciliation policies and procedures designed to avoid discrepancies or policies and procedures that are designed to resolve discrepancies “such that customers are not disadvantaged.”

Labor Department Issues Final Overtime Rule

Starting on Dec. 1, the new salary level for exemptions will rise from $23,660 to $47,476, or $913 per week.

FDIC Announces Relief for Texas Banks after Severe Storms

The FDIC this week announced steps to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by recent severe weather.

FDIC Issues Final Rule on Small Bank Deposit Insurance

The FDIC yesterday approved a final rule for assessing deposit insurance premiums on banks with under $10 billion in assets.