Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. Get to know regulator expectations and priorities. Regulators’ risk management perspective is evolving, and financial institutions should expect to be held accountable for consistent stress testing.

Risk Management 195

Risk Management Management Policies Lending 195

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

Social Assurance

JULY 17, 2020

Deadlines for complying with the new OCC CRA regulations are coming. Now is the time to prepare your financial brand for the new regulations if you fall under OCC regulation. Compliance Deadlines for New CRA Regulations. January 2024. Compliance deadline for small and intermediate banks. March 2020.

Compliance 15

Compliance Community Regulation Branding 15

Perficient

APRIL 18, 2024

Without open banking, consumers struggle to switch between bank deposit and lending offerings. Open banking transforms the way financial data is shared and accessed, allowing third-party data providers and other banks to access financial data in traditional banking systems through application programming interfaces (APIs).

Cards 221

Cards Regulation Data Apple 221

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. This is the first in a series of five blog posts about the final rule and related topics that we will publish in the next few weeks. Commenters found these standards unclear and inadequate.

Community 60

Community FDIC Lending Examples 60

South State Correspondent

JUNE 27, 2023

This leads to enhanced transparency and improved accuracy and facilitates compliance with regulatory reporting requirements. Regulatory Compliance: Many regulators and market infrastructures around the world are moving towards ISO 20022, making it a requirement for participating in those markets.

System 195

System Data Examples Payments 195

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. Small and intermediate banks must comply with the rule by January 1, 2024.

Community 97

Community Lending Meeting Retail 97

PYMNTS

OCTOBER 11, 2019

Max Levchin On The Future-Present Of Everywhere POS Lending. Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). According to the PYMNTS PSD2 Tracker , merchants in the European Union (EU) are still wondering what changes the regulation will bring about for their relationships with customers.

Cards 116

Cards Online Houston Digital Banking 116

Gonzobanker

DECEMBER 14, 2023

Expect more deals to be announced in 2024. The It’s Still No Fun to Work Here Award – goes to the “stagecoach” Wells Fargo , which now is dealing with unionization efforts from employees at certain branches and has set aside $1 billion+ for additional employee severance costs in 2024. The Bank Regulator Working for Merchants Award!

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

JANUARY 28, 2021

Although the OCC’s CRA final rule technically became effective on October 1, 2020, it provides transition periods for compliance based on a bank’s asset size, type of charter, and business model. the CRA evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums).

FDIC 131

FDIC Community Lending Survey 131

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52