Perficient

FEBRUARY 16, 2022

Over the last 90 days, we have let clients know about the federal banking regulators planned cryptocurrency road map , explained what steps national banks need to take to begin crypto activities , provided thoughts on the possibility of a U.S. Although not stated, FDIC insurance of stablecoin deposits would almost have to be required.

New York 294

New York cryptocurrency Security FDIC 294

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule applies to national banks and federal savings associations. Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule.

FDIC 78

FDIC Lending Retail Compliance 78

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

Abrigo

APRIL 23, 2015

OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. During exams, banks and credit unions often receive varying levels of criticism depending on their location, asset size and federal regulator. Blog Bank Credit Union' and Senator Pat Toomey, R-PA.,

Community Bank 150

Community Bank Community Survey FDIC 150

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Although this advisory is dated 2014, it is top-of-conversation among regulators even today. BSA Rules and Regulation. Learn More.

How To 195

How To Training Compliance Policies 195

CFPB Monitor

OCTOBER 1, 2018

1010.100(d) — and their subsidiaries which are subject to the jurisdiction of the OCC, Federal Reserve, FDIC, or NCUA. 5318(l) for certain premium finance loans. The Order applies to “banks” — as defined at 31 C.F.R. loan volume is quoted and recorded electronically.”

Regulation 60

Regulation FDIC Policies Compliance 60

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending.

Lending 60

Lending Regulation Community Community Bank 60

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. The hope for many in the industry is that this call report plan is the first step toward changing regulations to make some more community bank-friendly.

Community Bank 150

Community Bank Community FDIC Survey 150

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. parts 25 and 195) that are in effect on September 30, 2020.

Community 60

Community FDIC Lending Examples 60

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. Because the nation's balance sheet and income statement is not improving. And I have never heard a regulator say the phrase "over capitalized". Jeff Note: I make no investment recommendations in my blog. Where are we and where have we been? Trends are telling.

Taxes 60

Taxes Regional Industry Trends 60

Jeff For Banks

DECEMBER 23, 2016

But this is a bankers' blog, and I want to remain topical. For example, what if Schmidlap National Bank and Pipefitters Local CU teamed up to end poverty in their local market? Most readers are accustomed to me being analytical. Searching for trends and truths in a sea of numbers. But let's focus on the good, shall we?

Taxes 60

Taxes Meeting Resources FDIC 60

Filene

JULY 15, 2016

I sat down with Adam Lee , Filene's Incubator Director, to follow up on the blog post he wrote last week about the ongoing payday lending proposed regulations debate, to go a bit deeper into the issue. H: What are you keeping an eye on in the debate over the proposed payday lending regulations? Here’s what I learned.

Community 28

Community FDIC Meeting Lending 28

Abrigo

NOVEMBER 22, 2021

Major consumer loan compliance regulations. Major consumer loan compliance regulations cover everything from taking applications and approving or rejecting the credit to collecting payments and reporting to the government on various aspects of the loans. Regulation Z, which implements the Truth in Lending Act (TILA).

Compliance 195

Compliance Lending Risk Management Regulation 195

CFPB Monitor

MAY 7, 2020

The Bureau states that “neither ECOA nor Regulation B mandate the use of any particular list of reasons. In 2019, in addition to the Bureau’s three referrals to the DOJ, the FDIC referred two matters and the Federal Reserve and the NCUA each referred one matter.

Lending 78

Lending Report FDIC Policies 78

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . What's next.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 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. This is the second in a series of five blog posts about the final rule. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule.

Community 97

Community Lending Meeting Retail 97

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60

FICO

DECEMBER 19, 2018

This month, the FCC approved the creation of a National Reassigned Number Database to address the nearly 100,000 wireless numbers that are reassigned each day. I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment.

Policies 40

Policies District of Columbia Regulation California 40