Washington Report 360 | October 21, 2022

Deposit insurance. Climate risk. Enforcements.

Key Highlights

  • Deposit insurance. FDIC approved two final rules impacting deposit insurance assessments: one to increase initial base deposit insurance assessment rate schedules uniformly by 2 basis points; and one to incorporate the new troubled debt restructuring accounting standard.
  • Climate risk. Treasury’s Federal Insurance Office proposed climate-related insurance data collection requirements; HUD published a Community Resilience Toolkit. (See Regulatory Alert, here)
  • Enforcements. Public actions by CFPB for UDAAP violations related to fees and fee increases charged by a payments platform; FTC for UDAP and ECOA violations related to add-on fees in car purchases. New “Enforcement and Penalty Guidelines” from Treasury’s CFIUS (Committee on Foreign Investment in the United States).
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Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100