On April 6, 2016, the Federal Deposit Insurance Corporation (FDIC) rescinded Financial Institution Letter (FIL) 50-2009, titled “Enhanced Supervisory Procedures for Newly Insured FDIC-Supervised Depository Institutions.” In its press release announcing the rescission, the FDIC explained that FIL 50-2009 was issued during the financial crisis when a number of newly insured institutions had either failed … Continue Reading