CFPB Monitor

DECEMBER 9, 2021

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021. The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023. Change in index.

Regulation 78

Regulation Cards Compliance Groups 78

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Read More On Big Tech: Five Ways The Connected Economy And Big Tech Helped U.S.

US 168

US Regulation Groups System 168

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Security and privacy. In Summary. This blog even as summary is quite long. Scalability.

Operations 118

Operations Software Risk Management Management 118

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970.

Policies 52

Policies Las Vegas FDIC Washington 52

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. In early 2021, a customer approached a teller at Kennebec Savings Bank in Augusta, Maine, and asked to withdraw $20,000. Illustration by Ahoy There. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

CFPB Monitor

JANUARY 28, 2021

With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership. On Tuesday, February 2, 2021, from 12:30 p.m. to 1:30 p.m.

Report 78

Report Leadership Lending Regulation 78

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. In each new market opened in 2021, the community bank found an experienced ag lender who was seeking a new position. Security Bank Midwest. Security Bank. By Ed Avis. Methodology. Agriculture: Less than $300 million in assets.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. In February 2020, a settlement was reached, and by September 2021 the CFPB had issued the NPRM.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., SoFI gets a commercial bank that brings deposits, compliance, AND business lending. It’s hard to understand how Clobes has time in the day to drive her unlimited amount of leadership activities. What an amazing leadership story.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 14, 2023

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. The Monty Python “Biggus Dickus” Award – goes to Sen.

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

DECEMBER 29, 2020

In accordance with the rulemaking timetable established by the Stipulated Settlement Agreement in the lawsuit filed against the Bureau alleging wrongful delay in adopting regulations to implement Section 1071, the Bureau released an outline of the proposals under consideration in September 2021 and convened the Panel in October 2021.

Report 78

Report Leadership Meeting Industry 78

CFPB Monitor

JULY 6, 2020

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. These actions could include, but are not limited to, updated compliance aids, policy statements, or other guidance.”. As a result, the Bureau’s rulemaking priorities could change significantly in 2021 from those reflected in the new agenda. (We

Regulation 78

Regulation Policies FDIC Lending 78

FICO

JANUARY 25, 2022

So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? To drive the responsible use of AI in their organizations, senior leadership and boards must understand and enforce auditable, immutable AI model governance.

Management 52

Management Analytics Survey Data 52

CFPB Monitor

FEBRUARY 3, 2021

In a memorandum issued on January 26, 2021, President Biden has ordered the Secretary of the U.S. As a result, the 2020 Rule will likely face an uphill battle to remain intact when reviewed by new HUD leadership. The use of disparate impact analysis has also been a controversial issue for the CFPB.

Massachusetts 78

Massachusetts Leadership Analysis Community 78

PYMNTS

MARCH 10, 2020

Scharf noted the recent changes to leadership, with the creation of the new chief operating officer role , where 75 percent of the operating committee being put into place is new to the firm, having joined since the beginning of 2018. Efforts to implement widespread fixes, he said, would not be complete till 2021. Separately, Rep.

North Carolina 130

North Carolina Kentucky Compliance Capital 130