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Federal Financial Institutions Examination Council
(redirected from Ffiec)

   Also found in: Acronyms, Wikipedia 0.04 sec.
Federal Financial Institutions Examination Council

A federal interagency body (www.ffiec.gov) that establishes uniform standards and reporting requirements for the examination and auditing of financial institutions supervised by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.



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The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency will update the list of distressed and underserved nonmetropolitan middle-income geographies annually, and will post updates on the FFIEC web site by April 1 of each year.
in it the FFIEC prescribes uniform principles, standards and report forms for federal banking regulators.
Green Armor Solutions will enable First Bank to strengthen authentication for online banking and to meet FFIEC security guidelines without sacrificing user friendliness, and without forcing First Bank's customers to endure enrollment processes or extra steps during each login.
 
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