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

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

South State Correspondent

AUGUST 21, 2022

We compared and contrasted the two strategies and sized the market for community banks. We also shared a table that summarized the two strategies. 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

South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. This quarterly publication provides a comprehensive financial results summary for all FDIC-insured institutions (4,645 commercial banks and savings institutions insured by the FDIC). While banks under $10B in assets comprise 97.8%

Community Bank 195

Community Bank Community FDIC Industry 195

Abrigo

JULY 1, 2015

A segmentation strategy, though, is a great place to start to nail down an effective and efficient process – not only will it serve a substantial purpose for the ALLL, but also as a larger risk management tool. There is no “one size fits all” segmentation strategy.

Risk Management 150

Risk Management Management Strategy Lending 150

Abrigo

DECEMBER 22, 2023

Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

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

Abrigo

MARCH 13, 2023

Stress testing & deposit strategies in the spotlight The failure of Silicon Valley Bank offers other financial institutions the chance to reassess their approaches to and management of interest rate risk, liquidity risk, and credit risk. Stay up to date on the best ALM strategies for the current environment.

Strategy 195

Strategy Lending Security Analysis 195

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management. Access a brief guide to CECL model validation here.

Risk Management 195

Risk Management Handbook Analysis Management 195

Gonzobanker

JUNE 1, 2023

The strong Gonzo Bankers have managed through the short-term challenges of slowing deposit outflows, shoring up liquidity and capital positions, and communicating with customers. It’s important to demonstrate that management is deeply engaged in responding to outside conditions and all the bank’s stakeholders.

Capital 157

Capital Strategy social media Analysis 157

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements. Financial Conduct Authority, discusses how new open banking strategies are being drafted to help merchants adapt to these changing payment realities.

FDIC 142

FDIC Cards Payments Regulation 142

Abrigo

MAY 19, 2023

The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices. Responsibilities may include assigning initial credit grades, ensuring grade changes are made when needed, or compiling the information necessary to assess the appropriateness of the ALLL.

System 195

System Regulation How To Lending 195

PYMNTS

MAY 15, 2019

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions,” said Chae Won-cheol, senior managing director of Product Strategy at Samsung’s Wireless division, according to The Next Web. FDIC) — the FDIC-insured accounts will be linked to a crypto prime dealer.

Samsung 191

Samsung blockchain Bitcoin FDIC 191

CFPB Monitor

APRIL 28, 2022

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147

Report FDIC Regulation Security 147

PYMNTS

AUGUST 3, 2020

Google’s banking services strategy is an effort to reinvent the banking experience for consumers by enabling them to connect commerce to their customers underlying bank accounts via Google Pay. Many of our student customers today are struggling to manage their money as they work part-time and attend school,” she said.

Google 239

Google Digital Banking Pennsylvania FDIC 239

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” It also approves the use of “effectively-managed third party relationships” to implement small-dollar loan programs. Effective management of credit, operational, compliance, and other risks.

FDIC 78

FDIC Policies Lending Guidelines 78

American Banker

MARCH 5, 2020

The agency says it is not cutting its workforce but that the new strategy is necessary because it has an unusually high number of workers near retirement age.

FDIC 69

FDIC Strategy Management 69

Jeff For Banks

JANUARY 14, 2021

When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. Banks and savings banks with greater than $10 billion in total assets control 86% of all FDIC-insured assets and 85% of deposits for the most recent quarter. Result: I was wrong.

Community Bank 130

Community Bank Community FDIC Strategy 130

South State Correspondent

APRIL 30, 2022

We examine the roughly four thousand FDIC-insured commercial banks and S&L associations over the last four decades. However, correlation is not causation, and different banks will exhibit different COF behavior and terminal COF depending on various macro-economic factors and business strategies. Historical Cost of Funds Analysis.

Community Bank 195

Community Bank Strategy Community FDIC 195

South State Correspondent

JANUARY 30, 2023

Further, deposit gathering and its associated pricing strategy are among the most arduous efforts to understand compared to other industries. Management teams high-fived themselves over their success, not knowing that their strategy sowed the seeds of their destruction.

Resources 195

Resources Training FDIC Strategy 195

Independent Banker

OCTOBER 1, 2022

Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. The banking industry could face greater regulatory scrutiny and pressure ahead on how they’re managing cyber risks.

Montana 152

Montana Policies Resources FDIC 152

Jeff For Banks

MARCH 29, 2014

Two sections of the 10k I scroll to is the "Business" section and the "Business Strategy" section. This, one would think, would give me a feel of the bank''s differentiation strategy, it''s perceived competitive advantage, if you will. The Bank also offers wealth management and trust services. Well don''t get too excited.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

PYMNTS

JANUARY 21, 2020

He added that i2c not only plays a part in this strategy, but it understands that “by combining capability, agility and speed-to-market,” clients will reap the benefits of “truly differentiated propositions.”. i2c offers a global, integrated platform that is “highly configurable” and will provide CashFlows clients with end-to-end support.

Cards 131

Cards Payments FDIC Digital Banking 131

PYMNTS

JANUARY 22, 2020

He added that i2c not only plays a part in this strategy, but it understands that “by combining capability, agility and speed-to-market,” clients will reap the benefits of “truly differentiated propositions.”. i2c offers a global, integrated platform that is “highly configurable” and will provide CashFlows clients with end-to-end support.

Cards 130

Cards Payments FDIC Digital Banking 130

Abrigo

AUGUST 9, 2017

As CEIS Review Managing Director of Special Projects Elizabeth Williams explains: “Stress testing should help management identify pockets of the portfolio that may be vulnerable to changes in short-term interest rates or deteriorating real estate market conditions.

Columbus 150

Columbus Ohio FDIC Strategy 150

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

Abrigo

MARCH 25, 2020

Garver Moore, Managing Director of Abrigo Advisory Services, said the regulators’ statement provided helpful communication for community financial institutions and their borrowers and members during the responsive phase of the pandemic. Fine-Tuning ALM Strategies for 2020. Modifications not automatically TDRs. speak to a specialist.

FDIC 150

FDIC Regulation Exercises Community 150

MyBankTracker

AUGUST 12, 2020

Personal Capital is an online wealth management concept that started in 2009. billion in assets under management with over 24,200 clients. First, they offer everyone access to free personal finance management tools you can use to gain insight into your money. What Free Personal Finance Management Tools Are Available?

Tools 52

Tools Capital Management Taxes 52

Gonzobanker

AUGUST 22, 2014

This data leads me to conclude the following: While I have always been a long time proponent of having a solid organic growth strategy, mid-size banks will need to develop AND execute upon a solid M&A strategy to survive. This is a call to arms for mid-size banks to develop their M&A strategies. Define the Merger Value.

Strategy 87

Strategy United States Community New York City 87

Abrigo

NOVEMBER 29, 2021

Noninterest income drove 20% of community banks' net operating revenue in 2019, down from 22% in 2012, according to a recent FDIC study. On average, these charges generated nearly 19% of total noninterest income in 2019, down from 24% in 2012, according to the FDIC. Drive growth with integrated risk management. Keep me informed.

Community Bank 195

Community Bank Community FDIC Trends 195

PYMNTS

APRIL 24, 2019

In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. Wealthfront launched as a company that offered financial planning, investment management and lending through its portfolio line of credit. It now manages $13.5

FDIC 108

FDIC New York Community Bank Course 108

Gonzobanker

MARCH 22, 2023

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? “Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.”

social media 78

social media Capital Risk Management Strategy 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. That means limits should be properly aligned with the true risk tolerance of your board and management.”

Policies 150

Policies Risk Management Survey FDIC 150

South State Correspondent

JANUARY 10, 2024

We estimate that approximately another 500 use hedging programs that keep the derivative off balance sheet (thus not reportable by FDIC). Community banks must incorporate strategies that retain profitable relationships and shed unprofitable business. Only 304 banks (or 6.7% of the total) used swaps directly.

Community Bank 195

Community Bank Community National Regional 195

CFPB Monitor

SEPTEMBER 14, 2021

It follows the publication at the end of last month of a guide by the Fed, OCC, and FDIC that is intended to assist community banks in conducting due diligence when considering relationships with fintechs.

Fintech 78

Fintech Community Bank Community FDIC 78

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Some recent episode titles include: “Should Bankers Fear Apple’s Future Growth Strategy?”

Community 195

Community Lending Maine Resources 195

Gonzobanker

FEBRUARY 1, 2024

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.” Since banks with less than $10 billion in assets continue to struggle in deposit gathering, scale and overall earnings, we wonder how many will not be here in five years? Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88