Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR). Both the FRB and FDIC will accept comments and answers for 60 days after publication in the Federal Register.

Capital 275

Capital Regulation FDIC Regional 275

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC).

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC).

Community Bank 195

Community Bank FDIC Community National 195

CFPB Monitor

JULY 15, 2020

When the OCC issued its final Community Reinvestment Act (“CRA”) rule on May 20, 2020, the agency acted alone without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued its proposed rule. As to the Federal Reserve Board (“FRB”), it had already bowed out of the CRA reform effort in 2019.

FDIC 78

FDIC Community Bank Community Regulation 78

PYMNTS

MAY 26, 2016

House lawmakers aren’t letting up on the Federal Deposit Insurance Corporation (FDIC) when it comes to how the banking regulator handled notifications following a slew of recent data breaches. In a joint letter to FDIC Chairman Martin Gruenberg, seen by WSJ , Rep. Lamar Smith (R-TX) and Rep. Earlier this month, a U.S.

FDIC 102

FDIC Data Policies Meeting 102

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

JANUARY 7, 2021

Talk Android posts a letter from the company in which it says there will be "no immediate impact" to accounts and that users don't need to do anything right now, with their funds housed in FDIC insured accounts with BBVA. And, the company says it wants to make the transition "as smooth as possible" for customers.

FDIC 336

FDIC Google User Experience Lending 336

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

JANUARY 24, 2019

A group of 13 state attorneys general and the District of Columbia AG have sent a letter to the FDIC commenting on the agency’s request for information on small-dollar lending. They recommend that “the FDIC discourage banks from entering into these relationships in any guidance it issues on small-dollar lending.”.

FDIC 74

FDIC Lending District of Columbia Compliance 74

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs). Primary Purpose Exception.

FDIC 78

FDIC Capital National Regulation 78

CFPB Monitor

APRIL 4, 2019

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts.

FDIC 68

FDIC Technology Guidelines Security 68

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

Jeff For Banks

JANUARY 26, 2023

I recently spoke to a community group, and subsequently a community bank all-staff meeting regarding the definition of a community bank. The FDIC has defined community banks in their December 2020 Community Banking Report that either exclude or include the following criteria: Seems complicated. A pretty small asset size, in my opinion.

Community Bank 147

Community Bank Community FDIC Risk Management 147

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

FDIC 78

FDIC Regulation Community Lending 78

Abrigo

NOVEMBER 3, 2014

Information provided to the board – Is there a need for improved, additional and/or more frequently updated information to provide maximum value and meet oversight responsibilities? Board Composition – What, if any, changes are needed? Or, do they need more context and less data?

Meeting 170

Meeting Policies Training Exercises 170

American Banker

DECEMBER 11, 2020

The agency's principals are scheduled to meet Dec. 15 to vote on a new definition for brokered deposits and on regulatory standards for industrial bank parents.

Meeting 39

Meeting FDIC Industry 39

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. ” Click here to register. Our thoughts.

FDIC 78

FDIC Regulation Community Retail 78

Abrigo

MAY 19, 2023

Does your loan review system meet regulatory expectations? Read more for specific objectives every loan review system should meet. WATCH Takeaway 1 Loan review officers must figure out how to adhere to the FDIC’s guidance on loan review and credit risk review systems.

System 195

System Regulation How To Lending 195

American Banker

NOVEMBER 28, 2023

announced Tuesday that two financial officials with European regulatory backgrounds, Sir Jon Cunliffe and Elke Koenig, will join its Systemic Resolution Advisory Committee meeting on December 5 to discuss Dodd-Frank resolution authority and related issues. The Federal Deposit Insurance Corp.

FDIC 36

FDIC Regulation Meeting System 36

CFPB Monitor

FEBRUARY 4, 2019

The advisory states that if a borrower meets the requirements of a financial institution’s Section 602 Program that satisfies the statutory requirements for such a program, the institution can remove a reported default from the borrower’s credit report and the institution will be shielded (i.e.

FDIC 60

FDIC Meeting Report 60

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

American Banker

MARCH 11, 2020

A decision by regulators on how to move forward with the controversial charter could have broad implications for fintech firms that want to enter the banking system.

FDIC 46

FDIC Meeting Regulation Fintech 46

TheGuardian

MARCH 17, 2023

SVB Financial Group filed for chapter 11 protection on Friday in New York bankruptcy court where administrators will set about selling off assets to meet creditors claims. Continue reading.

Company 71

Company FDIC New York Groups 71

American Banker

AUGUST 23, 2023

The agency will hold an open meeting next month to issue the proposal for banks with at least $100 billion of assets. It will also discuss changes to resolution plan standards.

FDIC 36

FDIC Meeting Policies Compliance 36

American Banker

AUGUST 29, 2023

has issued proposals that would make banks with $100 billion of assets or more hold more long-term debt as a cost buffer in the event of a collapse and meet new planning requirements in case they ever have to be resolved in an emergency. The Federal Deposit Insurance Corp.

FDIC 36

FDIC Meeting Compliance Regulation 36

American Banker

JULY 18, 2016

on Wednesday will hold a meeting of its advisory committee on community banking, the agency announced. The Federal Deposit Insurance Corp.

Community Bank 28

Community Bank Meeting Community FDIC 28

PYMNTS

DECEMBER 11, 2020

to meet demand, the company said. The FinTech partnered with Metropolitan Commercial Bank for FDIC backing of deposits up to $250,000. “As The startup reminded people that cryptocurrencies are not regulated in the U.K. by the FCA and are not protected by the Financial Services Compensation Scheme. In March, Revolut launched in the U.S.

cryptocurrency 214

cryptocurrency blockchain FDIC Bitcoin 214

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

CFPB Monitor

JULY 1, 2015

The FDIC has revised its interagency examination procedures to reflect the requirements of the TILA/RESPA integrated disclosures (TRID) rule. Andreano, Jr. The CFPB has issued a proposal to postpone the TRID rule’s effective date from August 1 to October 3, 2015.

FDIC 60

FDIC Regulation Compliance Meeting 60

Perficient

JUNE 10, 2022

Comptroller Hsu stated that if a stablecoin entity were tightly limited to only issuing stablecoins and holding reserves to meet redemptions, he would agree that the need to meet all bank regulatory and supervisory requirements would be overly burdensome.

blockchain 275

blockchain Regulation Policies FDIC 275

PYMNTS

DECEMBER 11, 2020

to meet demand, the company said. The FinTech partnered with Metropolitan Commercial Bank for FDIC backing of deposits up to $250,000. “As The startup reminded people that cryptocurrencies are not regulated in the U.K. by the FCA and are not protected by the Financial Services Compensation Scheme. In March, Revolut launched in the U.S.

cryptocurrency 150

cryptocurrency blockchain FDIC Bitcoin 150

Independent Banker

JUNE 30, 2022

According to Kientz, if an HOA has an FDIC-insured bank account of more than $250,000, it often takes multiple banks to manage the funds—but Academy Bank can handle accounts of that size on its own. Academy Bank suggested that it sends one of its banking representatives to the board meeting and take care of the paperwork then and there.

Kansas City 91

Kansas City Kansas FDIC Community Bank 91

PYMNTS

DECEMBER 10, 2018

Separately, but still within the scope of efforts from the Federal Reserve and the OCC, along with the FDIC, the agencies last week released a proposal that would increase the threshold of real estate transactions that require appraisal from $250,000 to $400,000. This would be the first boost in 25 years.

Regulation 172

Regulation Fintech FDIC National 172

South State Correspondent

MAY 7, 2024

With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. Yes, the bank liquidity ratio was below peers (10.25% vs. 15.76%), and net non-core funding dependence was well above peers (23.10% vs. 13.27%), but the bank was still liquid with sufficient cash on hand to meet depositors’ needs.

Risk Management 195

Risk Management Security Management Groups 195

Payments Source

MAY 26, 2016

said in a report released Wednesday in conjunction with a meeting of the agency's advisory committee on economic inclusion. Smartphones are an important window into understanding underbanked customers, the Federal Deposit Insurance Corp.

FDIC 64

FDIC Mobile Meeting Report 64

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

OCTOBER 8, 2020

8) unveiled a new short-term loan program called Balance Assist aimed at customers in need of a few hundred dollars to make ends meet. FDIC), National Credit Union Administration and Office of the Comptroller of the Currency — urged bankers to begin offering such small-dollar loans to help consumers deal with temporary cash flow problems.

Charlotte 131

Charlotte America FDIC Guidelines 131