Abrigo

DECEMBER 22, 2023

Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators.

Risk Management 221

Risk Management Regulation Management Lending 221

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. However, the banking industry doesn’t like that one bit. “We FDIC), the states and the courts. Specific Concerns .

Regulation 349

Regulation National System Industry 349

South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. This first bank failure in 2024 is reported to cost the Deposit Insurance Fund $667mm.

Risk Management 195

Risk Management Security Management Groups 195

CFPB Monitor

MARCH 24, 2020

The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 60

FDIC Taxes Industry Policies 60

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

Technology 217

Technology FDIC US Big Data 217

PYMNTS

OCTOBER 17, 2017

Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. ILCs are used to form industrial loan companies, better known as industrial banks. ILCs are used to form industrial loan companies, better known as industrial banks.

Industry 108

Industry Fintech FDIC Community Bank 108

American Banker

AUGUST 1, 2023

The Federal Reserve is leading the push for broader, more standardized risk-capital rules, yet some of its board members, other regulators and industry groups are uncomfortable with the proposal.

Capital 36

Capital Regulation Groups Industry 36

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Colorado’s bill does have support from some lawmakers.

Colorado 102

Colorado Regulation Innovation Wyoming 102

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.

Regulation 78

Regulation FDIC Community Lending 78

South State Correspondent

MARCH 15, 2023

It turns out that confidence is more valuable than capital. Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. The ratio would provide a bank’s current core capital position to risk-adjusted assets.

social media 195

social media FDIC Branding Management 195

Abrigo

NOVEMBER 11, 2019

An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. FDIC FIL-46-2013 October 8, 2013. ALM should be used to create value in all interest rate environments. ALM seen as checking the box.

Management 150

Management FDIC Community Risk Management 150

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. And regulators have urged financial institutions to prepare for an eventual cyclical change while credit performance remains strong – and to do so as they originate new loans and in credit reviews.

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

Report 100

Report FDIC US Big Data 100

Gonzobanker

FEBRUARY 1, 2024

Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.”

Conference 88

Conference FDIC Arizona Industry 88

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. On January 28, the Federal Deposit Insurance Corp.

Lending 195

Lending How To FDIC Survey 195

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. percent, which outpaced industry loan growth of 3.6

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. Assets: $55 million. Location: Fort Lauderdale, Fla. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

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.

How To 195

How To Risk Management Analysis Kansas City 195

FICO

DECEMBER 13, 2019

The guiding ethos of fintech (and really any industry portmanteau ending in ‘tech’) is move fast and break things. The most prominent villain for fintech companies is regulation. And when fintechs and challenger banks aren’t constrained by regulation (as they mostly are in the U.S. Generally this ethos is presented as a virtue.

Regulation 52

Regulation Fintech Lending Branding 52

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned. trillion failed.

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4008 – Debt Guaranty Authority. Section 4013 – Temporary Relief For Troubled Debt Restructurings.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

AUGUST 14, 2019

In Australia, this blurred line between small business and consumer financial services became the focus of a recent SmartCompany report highlighting the challenge that small business owners face when seeking working capital. Last October, the Federal Deposit Insurance Corporation (FDIC) released a report that suggested the U.S.

Lending 122

Lending Cards FDIC Capital 122

Jeff For Banks

AUGUST 1, 2016

Conventional wisdom puts the blame on regulators. The regulators deny this. If a bank has a business model that is unique, or serves a narrow constituency, regulators push back in the name of concentration risk, or untried business models. Today, regulators still favor plain old business models. Not so today.

FDIC 60

FDIC New Hampshire Regulation Capital 60

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Marketing 108

Marketing Community Community Bank Industry 108

Jeff For Banks

JUNE 4, 2018

"The FDIC recently has observed instances of liquidity stress at a small number of insured banks." So opened the Summer 2017 FDIC Supervisory Insights issue. At a recent banking conference an industry consultant said, matter of factly, that in times of stress your Federal Home Loan Bank (FHLB) borrowing capacity would dry up.

FDIC 60

FDIC System Regulation Conference 60

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. The productive view about the similarity of EAs is why haven’t we been doing some of the things required by regulators in the first place? Why do many, if not most of these orders contain Articles relating to strategic and capital plans?

Regulation 70

Regulation FDIC National Capital 70

PYMNTS

OCTOBER 11, 2017

No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

Lending 109

Lending Regulation Guidelines FDIC 109

PYMNTS

OCTOBER 1, 2019

Five years after the worst of the carnage in the data out of the Federal Deposit Insurance Corporation (FDIC) showed that lending was beginning to normalize — lending to big businesses had recovered, consumer lending was showing signs of thawing as the mortgage markets began showing signs of coming back from the dead.

Data 135

Data Lending Capital Regulation 135

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind. Boy, did that impact capital ratios.

Strategy 195

Strategy Lending Security Analysis 195

Jeff For Banks

JULY 16, 2011

I try to keep myself abreast of the significant changes within the banking industry so I can perform research, form a reasonable opinion, and advise my clients. But some industry luminaries are throwing out some far reaching opinions that I think need refuting. The context was bank failure risk is mitigated by FDIC insurance.

Capital 65

Capital FDIC Guidelines Regulation 65

Abrigo

AUGUST 3, 2015

The piece also notes that customer service has suffered as a result of higher compliance costs, and community banks face stricter lending standards and capital reserve requirements. But when the approach historically taken by community banks is limited, their competitive advantage also declines.

Compliance 150

Compliance Community Bank Community Survey 150

Jeff For Banks

MAY 7, 2016

Recent news of Prosper scaling back and OnDeck Capital's ongoing losses has taken a little shine off of the FinTech apple. Banks have regulatory experience and regulators are now figuring out how to regulate FinTechs (good luck!). Banks have capital. Banks are FDIC insured. Here is my answer to him. "I

Community Bank 60

Community Bank Community Fintech FDIC 60

American Banker

APRIL 2, 2020

The agencies will give the industry another month to submit feedback on the so-called covered fund portion of the rule "in light of potential disruptions resulting from the coronavirus.”.

Regulation 52

Regulation Industry FDIC Capital 52

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. According to Peterson, the FIs that agree to service these firms are typically state-level banks that are not FDIC-insured. Those are separate issues,” he said.

Regulation 101

Regulation Taxes Compliance United States 101

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

JANUARY 9, 2018

As this trend unfolds, though, there is another player in the small business lending space that still stands to disrupt the industry even if it isn’t grabbing as many headlines. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131