CFPB Monitor

DECEMBER 28, 2020

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will 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 78

FDIC Industry Policies Company 78

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 102

Colorado Regulation Innovation Wyoming 102

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

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

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

South State Correspondent

AUGUST 21, 2022

Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC).

How To 195

How To Community Bank Community FDIC 195

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.

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

JULY 25, 2017

Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. Leading up the recession and these significant losses, CRE grew in a regulatory environment that “permitted lower capital requirements and did not impose lending caps, merely supervisory limits”. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

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. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

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 552b) (Sunshine Act) with respect to the conduct of its meetings.

Regulation 122

Regulation United States Community Bank National 122

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. Regulators and consultants promulgate this untruth. He was confident in his bank's liquidity position, but felt regulators could artificially create a liquidity problem.

FDIC 60

FDIC System Regulation Conference 60

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . Their institutions are either having internal discussions and meetings or, in the case of 1% of respondents, have yet to begin preparations. Stress Testing.

Survey 195

Survey Software Resources Meeting 195

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

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. Chamber of Commerce president and CEO of the Center for Capital Markets Competitiveness, in an interview with Reuters.

Community Bank 131

Community Bank Community Fintech Lending 131

American Banker

JUNE 2, 2016

Jerome Powell and Daniel Tarullo Thursday said they expect banks to have to meet significantly higher capital minimums after the central bank applies its capital surcharge rule for large globally risky banks to its stress test. Federal Reserve Govs. That difference could significantly cost banks.

Capital 28

Capital Meeting FDIC Regulation 28

Jeff For Banks

OCTOBER 29, 2016

I recently spoke at a Financial Managers' Society (FMS) breakfast meeting on this subject and thought I would share my comments with you. If the branch does not meet profit objectives within a reasonable period represented in the original analysis to open it, close it. Make it near-automatic. deposit market share in 2012 to a 80.7%

Training 60

Training FDIC Community Resources 60

Jeff For Banks

DECEMBER 16, 2022

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. and Puerto Rico banking laws and regulations. I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. MetroCity Bankshares, Inc. Nasdaq: MCBS) #3.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

NOVEMBER 25, 2015

It’s a worrisome and complicated dynamic that’s putting competitive pressure on community banks, but it’s also creating opportunities through data analytics, partnerships and the ability to innovate to meet evolving customer demands. “We Now it has a small-business financing program, Square Capital. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

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

Jeff For Banks

DECEMBER 23, 2016

I believe in compassionate capitalism. Wish 2: Simplify In every executive meeting, every operations manager meeting, every sales meeting, I wish bankers would ask "how can we simplify?". But in this post, I would like to rub the bottle, unleash the genie, and go for three grand wishes for banking. How about you?

Taxes 60

Taxes Meeting Resources FDIC 60

Independent Banker

DECEMBER 13, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. Besides the need for an Excel format, there’s the problem of meeting baseline requirements.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. Besides the need for an Excel format, there’s the problem of meeting baseline requirements.

Tools 70

Tools Community Community Bank Security 70

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. In 2010, LendingClub added to its war chest with a $24.5

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

MARCH 26, 2020

The CFPB, OCC, FDIC, Federal Reserve, and NCUA have issued a joint statement “to specifically encourage” banks, savings associations, and credit unions “to offer responsible small-dollar loans to both consumers and small businesses” in response to the COVID-19 outbreak. For example, what rates will the agencies view as “responsible”?

FDIC 78

FDIC Lending National Examples 78

CB Insights

DECEMBER 4, 2019

An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. In August 2019, Greenlight raised a $54M Series B from strategic investors including Wells Fargo, JP Morgan, and investors Drive Capital , Relay Ventures , and TTV Capital. That scale would make Amazon Go a $4.5B business.

Cards 101

Cards Lending Strategy US 101

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

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. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

Independent Banker

JULY 29, 2016

Meet with dozens of candidates from across the country and attend hundreds of events in Washington and in congressional districts so that we can get to know these important decision makers. 812) and the Community Bank Access to Capital Act (H.R. Familiar Friends—Georgia community bankers meet with Sen. FDIC Assessment Rules.

Community Bank 70

Community Bank Community Washington FDIC 70

CFPB Monitor

JUNE 17, 2019

The Fed, together with the OCC and FDIC, are the primary CRA regulators, and each agency has adopted regulations to implement the CRA. banking industry since the CRA’s enactment.

Report 60

Report Community Regulation Groups 60

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 defines a “qualifying activity” as an activity that helps meet the credit needs of a bank’s entire community, including low- and moderate income individuals (LMI) and communities.

Community 97

Community Lending Meeting Retail 97

Jeff For Banks

MARCH 29, 2014

In preparation for meetings, I frequently read 10k''s. We believe that meeting the needs of our customers and making their banking experience more efficient leads to increased customer loyalty. Texas Capital Bancshares, Inc. If you haven''t read a 10k, it will win no literary awards, especially for originality.

Strategy 100

Strategy Texas San Antonio Fort Worth 100