New FDIC committee to focus on community banks
Following up on an announcement FDIC Chairman Sheila Bair made March 16 at the ICBA convention, the FDIC board of directors on May 29 approved creation of an advisory committee on community banking. The committee will look into examination policies and procedures; credit and lending practices; deposit insurance assessments and coverage issues; regulatory compliance; and obstacles to growth or to extending financial services in local communities. The committee is responsible for advising FDIC on policy issues that affect small community banks across the country, particularly . . .
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