FDIC Blames Banking Failures On Other Regulators In Bid For Expanded Powers

July 14, 2010 – Banking regulators agreed to give the FDIC expanded authority to conduct examinations of insured depository institutions that the FDIC does not directly supervise, under a new memorandum of understanding (MOU).  The FDIC’s position is that it should have more than “backup authority” and be allowed to take a more active on-site […]