Realwired Appraisal Management Blog

APRIL 29, 2024

Not the warm and fuzzy kind, but the kind regulators demand – the kind that keeps the FDIC and OCC off your doorstep with their clipboards and furrowed brows. Let’s talk trust. In banking, trust boils down to risk management. You’ve got policies, procedures, a mountain of acronyms (KYC, AML, BSA, anyone?),

FDIC 59

FDIC Risk Management Policies Regulation 59

Abrigo

JANUARY 8, 2016

In addition to the challenges tied to staffing, training and time allocation, however, government auditors also described industry participants’ concerns about potential “trickle-down effects” on smaller institutions as a result of current or future regulations aimed at larger banking institutions.

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Regulation FDIC Survey Community Bank 150

Cisco

JULY 12, 2022

A number of our financial institution customers are regulated by multiple, and different, regulatory bodies. The Federal Financial Institutions Examination Council—or better known as the FFIEC—is a formal U.S. government interagency body charged with helping streamline the audit process. In the U.S. IT Governance in Financial Services.

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Regulation FDIC System Software 71

Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. Gruenberg to the list of regulators and industry officials warning about growing credit risks in the U.S. The FDIC said that the percentage of loans and securities with maturities of three or more years hit the highest percentage in the 18 years of data records, rising to 34.6

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FDIC Lending Community Bank Industry 150

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

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Regulation FDIC Community Lending 78

PYMNTS

DECEMBER 11, 2020

London challenger bank Revolut has rolled out four new cryptocurrencies — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. Token holders receive a reward for taking part in the proof-of-stake consensus mechanism,” the blog post said.

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cryptocurrency blockchain FDIC Bitcoin 214

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC.

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social media Fraud cryptocurrency Trends 195

CFPB Monitor

NOVEMBER 30, 2023

This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

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Community Regulation System FDIC 147

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. We will share our reactions to the final rule in subsequent blog posts.

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FDIC Lending Retail Compliance 78

FICO

MAY 25, 2023

Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8 But it is possible to mitigate further wrongs by regulating artificial intelligence, and I believe effective proposed regulation should start from organizations using AI.

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Regulation San Diego Analytics blockchain 52

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.

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New York cryptocurrency Security FDIC 294

CFPB Monitor

FEBRUARY 23, 2022

Yesterday, eight federal agencies joined together to issue an “ Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B ” (Interagency Statement). The agencies consist of the CFPB, FDIC, OCC, Federal Reserve Board, NCUA, HUD, DOJ, and FHFA.

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Regulation Lending FDIC Compliance 78

PYMNTS

DECEMBER 11, 2020

London challenger bank Revolut has rolled out four new crypto tokens — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. Token holders receive a reward for taking part in the proof-of-stake consensus mechanism,” the blog post said.

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cryptocurrency blockchain FDIC Bitcoin 150

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.

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FDIC Regulation Exercises Community 150

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Meanwhile, regulators are focusing fresh attention on prudent credit risk management of loans, especially CRE, and loan modifications in general. CRE loan accommodations.

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Management Risk Management Policies Lending 195

Abrigo

JULY 10, 2023

The FDIC offers resources tailored toward older individuals, and you can order free brochures from the Consumer Financial Protection Bureau to hand out to your clients. As technological advancements progress, the need for heightened vigilance and security measures within your financial institution becomes increasingly paramount.

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Fraud How To social media Security 150

CFPB Monitor

NOVEMBER 12, 2020

As our blog readers may recall, Ms. Banking and Securities Regulators (includes FDIC, Federal Reserve, NCUA). Gary Gensler , who is with the Massachusetts Institute of Technology, will serve as team leader. The team leaders include the following individuals: CFPB. Treasury Department.

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FDIC Massachusetts New York Policies 97

Abrigo

JUNE 11, 2021

Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). Regulators have repeatedly stressed the importance of sound risk management practices that include the ability to identify and measure interest rate risk. FDIC) noted in its 2021 Risk Review.

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How To Risk Management Analysis Kansas City 195

CFPB Monitor

NOVEMBER 27, 2023

This is our second blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

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Community Regulation System FDIC 78

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

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Management FDIC Risk Management Community Bank 150

PYMNTS

DECEMBER 16, 2018

The executives told Bloomberg they are working with regulators and are in the process of overhauling the marketing material related to it. Robinhood’s new products aren’t insured by the FDIC but do have the protection of the Securities Investor Protection Corp. However, we realize the announcement may have caused some confusion.”

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FDIC Fintech Regulation Report 191

Abrigo

APRIL 21, 2020

Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. How to fund PPP loans.

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Lending Capital Minnesota FDIC 195

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog.

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Risk Management Regulation Management Lending 221

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . This article is substantially updated from a 2013 blog post. Would you like other articles on loan review in your inbox? Identifying Credit Weaknesses.

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System Lending Policies Regulation 195

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.

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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.”

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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.

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Lending Regulation Community Community Bank 60

Abrigo

NOVEMBER 3, 2014

Those regulated by the OCC and above $50 billion in assets are expected to use the results to detect opportunities to improve and implement specific changes that can be tracked, measured and evaluated. Access to management and regulators – Is there a need for increased interactions? Blog Bank Credit Union'

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Meeting Policies Training Exercises 170

Abrigo

APRIL 23, 2015

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' The 2015 Bank and Credit Union Exam Survey provides a forum to anonymously share recent exam experience.

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Community Bank Community Survey FDIC 150

CFPB Monitor

OCTOBER 23, 2014

Mishkin In our blog post yesterday about the CFPB’s final rule allowing an alternative online delivery method for annual privacy notices, we commented that the CFPB has made limited progress on its regulatory streamlining initiative launched in December 2011. CFPB Rulemaking CFPB crapo regulations'

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Regulation FDIC Online 95

CFPB Monitor

JULY 7, 2022

In a blog post , the Bank Policy Institute called the CFPB spokesperson’s statement “unprofessional” for “demoniz[ing] commenters and dismiss[ing] their ideas out of hand” and failing to “recognize that people who work in a regulated industry are uniquely positioned to provide insights on the practical effects of a regulation.”

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Groups West Virginia Policies Virginia 145

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.

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social media ATM Mobile Customer Experience 40

CFPB Monitor

APRIL 1, 2021

In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML). Fair lending.

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Risk Management Training Lending FDIC 78

CFPB Monitor

JULY 6, 2022

In addition, in a blog post published last month, Director Chopra indicated that the CFPB was looking at using its authority to issue rules regarding the registration of nonbanks, the CARD Act (Regulation Z) rules establishing safe harbors for credit card late charges, and the Regulation Z qualified mortgage rules.

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Lending Regulation FDIC Data 78

Abrigo

JUNE 23, 2017

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach.

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Policies Risk Management Survey FDIC 150

Abrigo

JULY 25, 2017

Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. That 13% represented 80% of the losses to the FDIC insurance fund. The regulators want to make sure you have all your ducks in a row, that you have more capital applied to those loans, and you have processes to identify those loans”.

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Risk Management Management Capital Lending 150

Social Assurance

JULY 10, 2020

While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. To help you prepare, we created this overview of the critical changes in regulation. ” CRA Blog. The post CRA Compliance: OCC Releases Final Rule on CRA Regulations appeared first on Social Assurance.

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