Archive for the ‘Indiana Installment Loans Direct Lenders’ Category

Conclusion and Matters for Consideration

Thursday, July 16th, 2020

Conclusion and Matters for Consideration

The reality manufactured by this review strongly reinforce the issues and problems raised in the OIG’s earlier Audit. The FDIC must candidly consider its leadership practices, its process and procedures, and the conduct of multiple individuals who made and implemented the decision to require banks to exit RALs in our view. While we acknowledge that the activities described within our report surrounding RALs involved just three of this FDIC’s numerous supervised institutions, the seriousness of the occasions warrants such consideration. The FDIC has to ask the way the actions described inside our report could unfold because they did, in light for the FDIC’s claimed core values of integrity, accountability, and fairness. Further, the organization must deal with just how it may avoid comparable occurrences in the long run.

In December 2015, in reaction to issues raised within the Audit, the FDIC eliminated the definition of “moral suasion” from the guidance. We appreciate the main significance of informal conversations and persuasion to your supervisory procedure; but, we think more requirements become done to subject the application of ethical suasion, and its own equivalents, to significant scrutiny and oversight, and also to produce equitable treatments for institutions as long as they be susceptible to treatment that is abusive. (more…)