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 4012 – Temporary Relief For Community Banks. Section 4008 – Debt Guaranty Authority.

Regulation 122

Regulation United States Community Bank National 122

CFPB Monitor

JUNE 17, 2019

The Federal Reserve Board has issued a report, “ Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act ,” that summarizes the feedback it received during a series of roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA).

Report 60

Report Community Regulation Groups 60

Jeff For Banks

FEBRUARY 17, 2021

Yesterday at the ABA's virtual Conference for Community Bankers (CCB), Federal Reserve Governor Michelle Bowman gave a speech, My Perspective on Bank Regulation and Supervision. Up-to-date geographic market definitions are available at the St. Louis' Fed CASSIDI database or from the relevant Reserve Bank.

St. Louis 78

St. Louis Analysis Community Bank Community 78

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. of Community Development Fund Advisors. Thomas, Ph.D., Click here for more information and to register.

Community 60

Community FDIC Lending Examples 60

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”.

Risk Management 150

Risk Management Management Capital Lending 150

Social Assurance

MAY 22, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s (CRA) framework. While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. Expanded Qualifying Activities for CRA Consideration.

Compliance 29

Compliance Regulation Community Guidelines 29

CFPB Monitor

MARCH 9, 2017

3502(5), must submit proposed and final regulations constituting a “significant regulatory action” to OIRA for review prior to publication in the Federal Register. Currently, under Executive Order 12866 , federal agencies, other than those defined as an “independent regulatory agency” by 44 U.S.C.

FDIC 96

FDIC Regulation Analysis Policies 96

FICO

JANUARY 13, 2020

plans to create a reassigned number database ), the “autodialer” definition continues to remain in limbo. While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. Congress takes the lead in promoting AML/CFT reform. by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Environmental Protection Agency in which the Court struck down an EPA regulation pertaining to carbon dioxide emissions because it constituted a major change in the law which was not contemplated by Congress.

Groups 145

Groups West Virginia Policies Virginia 145

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

Social Assurance

JULY 10, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s framework. While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. Expanded Qualifying Activities for CRA Consideration.

Compliance 15

Compliance Regulation Community Guidelines 15

Jeff For Banks

JULY 20, 2012

The regulatory definition of "well capitalized" has not changed post financial crisis. The only relevant perceiver, in this case, is the regulator. The FDIC IMCR commonly required a Tier 1 leverage ratio of 8%, and total risk-based ratio of 12%. The Fed never intended to apply these loss rates to traditional community FIs.

Capital 81

Capital Regulation FDIC Groups 81

FICO

DECEMBER 19, 2018

I expect the FCC to issue a declaratory ruling in the first half of 2019 that will provide much needed clarity around the definition of Automatic Telephone Dialing System. I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment. The next step?

Policies 40

Policies District of Columbia Regulation California 40

CFPB Monitor

OCTOBER 13, 2020

The Independent Community Bankers of America, a trade association representing community banks, endorses the clear, unambiguous standard set forth in the Proposed Rule. Chamber of Commerce supports the OCC’s efforts to remove ambiguity in the definition of a “true lender” but also thinks the suggested two-pronged test is too broad.

Lending 60

Lending Colorado FDIC National 60

Jeff For Banks

DECEMBER 23, 2016

According to a 2015 FDIC National Survey of Unbanked and Underbanked Households , seven percent of US households were unbanked, meaning they had no account at an insured financial institution, and 19% were underbanked, meaning they used non-traditional financial providers like pre-paid cards and/or payday lenders. But the tax thing.

Taxes 60

Taxes Meeting Resources FDIC 60

Independent Banker

MARCH 15, 2015

in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. What concerned me most wasn’t that the customer was upset with me,” recalls Hartings of the homebuyers who ignored his community bank’s cautiously pragmatic approach. “I Jack got us through that just fine.

Ohio 70

Ohio Community Bank Community Lending 70