The Federal Deposit Insurance Corporation (FDIC) examines state non-member banks for consumer-compliance risks, including mortgage-related laws such as RESPA, TILA/TRID, Flood Insurance, HOEPA, and SAFE Act.
Your must-do: Maintain policies, controls, and audit evidence aligned to the FDIC Consumer Compliance Examination Manual.
The FDIC is an independent federal agency that insures deposits and supervises state-chartered banks that are not members of the Federal Reserve System.
Within mortgage compliance, the FDIC’s Division of Depositor and Consumer Protection (DCP) examines these institutions for adherence to consumer-protection laws and for fair-lending risk.
Expanded AI/ML and third-party risk references. (FDIC / FFIEC)
Clarified coverage for multi-family and construction loans. (FDIC)
FDIC emphasized UDAAP risk management and loss-mitigation documentation. (FDIC)
The FDIC takes a risk-focused and corrective approach, often issuing civil money penalties (CMPs) or consent orders when banks fail to maintain effective compliance-management systems.
Recent trends include actions tied to RESPA Section 8 violations and flood-insurance coverage gaps.