PYMNTS

AUGUST 5, 2020

The Zibo tools are meant to help save time and implement new tools like Federal Deposit Insurance Corporation (FDIC)-insured business checking accounts, automated rent collection, online bill pay and expense management to help streamline tax preparation. Right now, less than 20 percent of U.S. tenants do so, according to the release.

Payments 141

Payments FDIC Tools Taxes 141

CFPB Monitor

NOVEMBER 18, 2019

Betty Rudolph, FDIC National Director for MDIs and CDFIs. Martha Ninichuk, NCUA Director of the Office of Credit Union Resources and Expansion. Lindo, Federal Reserve Board Deputy Director, Division of Supervision and Regulation. Click here for the Committee Memorandum.

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FDIC Regulation Resources Community 68

PYMNTS

FEBRUARY 8, 2019

The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported. FDIC) and the Comptroller of the Currency were involved in the discussion.

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FDIC Community Community Bank National 134

CFPB Monitor

AUGUST 20, 2020

FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion. This blog post contains a summary of those efforts.

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Regulation FDIC Community Lending 78

Abrigo

MAY 5, 2022

We have webinars , whitepapers , and other resources to make your job easier. Banking Resources. Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. or largely focused on the domestic banking market. Check them all out in our Knowledge Center.

Community 195

Community Lending Maine Resources 195

PYMNTS

JULY 21, 2019

The South Dakota Trust Charter allows companies to operate on a national level so you can serve clients from every state. And surprisingly, South Dakota is one of the largest holders of institutional assets in the country, more than $3 trillion, according to the FDIC — three times the size of New York, followed only by Ohio.”.

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South Dakota Bitcoin cryptocurrency Ohio 134

PYMNTS

JULY 25, 2018

financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. Cabot Square Capital, a U.K. According to a report in Financial Times , the deal was worth more than €140m. trillion U.S. The total slipped $1.6

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Capital FDIC Resources National 108

PYMNTS

DECEMBER 7, 2020

The legislation would also cover stablecoins that are “denominated in United States dollars or pegged to the United States dollar, or denominated in or pegged to another national or state currency.”. Casting a Wide Net . That’s a pretty wide net, as it would cover any number of stablecoins pegged to single currencies or baskets of currencies.

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Regulation United States Cleveland cryptocurrency 192

Abrigo

APRIL 23, 2015

OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. It would also allow examiners to focus more attention and resources on the nation’s riskier banks. The bill, spearheaded by Senator Joe Donnelly, D-Ind., and Senator Pat Toomey, R-PA.,

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Community Bank Community Survey FDIC 150

PYMNTS

FEBRUARY 19, 2019

The remarks were made at a conference, focusing on the issue of “financial deserts,” involving the struggle for rural communities to feel the benefits of overall national economic strength and a declining unemployment rate. According to Powell, the Fed’s resources to tackle this issue can only go so far.

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Marketing Community Community Bank Industry 108

PYMNTS

AUGUST 7, 2019

Regulatory efforts through the Office of the Comptroller of the Currency aim to connect FinTechs with the opportunity to apply for a national bank charter, an initiative that has been met with criticism and legal action. Meanwhile, in the U.S., the emergence of new banks is few and far between. On The Open Banking Path.

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Fintech Strategy Resources Payments 181

CFPB Monitor

SEPTEMBER 9, 2020

Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule , “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). Three virtually identical Federal Interest Statutes govern interest that may be charged by Banks: Section 85 of the National Bank Act (“NBA”), 12 U.S.C. §

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FDIC National South Dakota Lending 78

Abrigo

NOVEMBER 22, 2021

Numerous regulatory resources go into detail, including fair lending videos from the FDIC and examination procedures published on the Consumer Financial Protection Bureau’s website. However, according to the FDIC , they can be deemed as such based on their information sharing practices.

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Compliance Lending Risk Management Regulation 195

PYMNTS

FEBRUARY 15, 2019

As noted in this space late last year, five federal agencies spoke out, and presented a statement that detailed how credit unions and banks could share resources to make Bank Secrecy Act compliance efforts more streamlined.

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Compliance Fraud United States FDIC 122

CFPB Monitor

DECEMBER 7, 2022

Lisa Rice, President and CEO, National Fair Housing Alliance; Mr. Marc H. Morial, President and CEO, National Urban League; The Honorable Byron Donalds (R-FL), United States House of Representatives; Mr. Devon Westhill, President and General Counsel, Center for Equal Opportunity; and Ms. The witnesses included: Ms.

Community 78

Community Compliance Industry National 78

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

Independent Banker

SEPTEMBER 26, 2014

Buhrmaster, president of 1st National Bank of Scotia, in Scotia, N.Y. “As As a trusted financial resource in our local communities, we have the ability to inform customers of ways to prevent this unfortunate issue that affects America’s seniors.”. What is the SHCPF?

Community 101

Community Resources Community Bank Video 101

Abrigo

JUNE 2, 2021

Commit resources. The institution devotes adequate resources to its compliance function. As much as it may be tempting, try not to put your exam team in a basement once they are back on site. A nice conference room is a much more pleasant work environment and may give way to happy examiners.

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How To Training Compliance Policies 195

CFPB Monitor

MAY 6, 2019

In doing so, the court found that the term “business of banking” as used in the National Bank Act (NBA) “unambiguously requires receiving deposits as an aspect of the business.”. National Resources Defense Council, Inc. The court’s textual analysis started with a review of the powers of national banks under the NBA.

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Fintech New York National Regulation 68

Independent Banker

JULY 29, 2016

With congressional candidates and incumbents across the nation in full campaign mode this summer, this is an excellent opportunity to share how ICBA is affecting what is already a dramatic election season. Advocacy Resources. FDIC Assessment Rules. Keeping community banking interests front and center. By Courtney Schoenborn.

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Community Bank Community Washington FDIC 70

PYMNTS

MARCH 2, 2018

For those not used to thinking about electricity by the gigawatt, the estimates mean this: Even at the low end, bitcoin mining uses as much power as a nation state. The debate is whether that nation state is small (Lithuania-sized), medium (Morocco-sized) or medium-large (Israel-sized). Use of power is not very evenly distributed.

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Bitcoin cryptocurrency Taxes Community 104

CFPB Monitor

JUNE 15, 2020

The OCC acted alone in issuing the final CRA rule without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule. Our next blog post will address differences among the OCC’s final rule, the FDIC’s proposed rule, and the Federal Reserve’s existing regulations.

Community 60

Community FDIC Lending Examples 60

Jeff For Banks

MAY 20, 2017

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. The Great Recession lasted from the fourth quarter 2007 through the second quarter 2009, according to the National Bureau of Economic Research. Maybe sub out an economist or two.

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Lending Regulation Community Community Bank 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. What are yours?

Taxes 60

Taxes Meeting Resources FDIC 60

Insights on Business

MARCH 5, 2019

On December 3, 2018, five US government agencies, including the Federal Reserve, FDIC, FinCEN, National Credit Union Administration and OCC, issued the Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing encouraging banks to implement innovative approaches and specifically referencing artificial intelligence.

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Regulation Compliance Analysis Innovation 70

Filene

JULY 18, 2018

The lack of access to culturally relevant, fair, dignified – and vital – financial education, products and services is made worse by a cloudy legislative commitment to fixing the nation’s broken immigration system. The FDIC says more than 45 percent of Hispanic households were unbanked or underbanked in 2015.

Community 28

Community Study Resources Lending 28

Independent Banker

FEBRUARY 24, 2016

New inspirations, fresh experiences await at ICBA’s national convention. ICBA’s national convention offers an educational lineup this year of more than 60 workshops and networking sessions. So we want our checking accounts to be FDIC insured. It’s Community Banking LIVE 2016 in New Orleans.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Filene

OCTOBER 3, 2016

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. Low-income teenagers in particular are living in financial service deserts. Summit Branches in High Schools.

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Video Millennials Training Resources 64

CFPB Monitor

AUGUST 18, 2016

Finally, we have previously commented on the CFPB’s failure to devote any resources to educating consumers about the pro’s and con’s of arbitration and litigation, particularly class action litigation. Like the CFPB, Pew has also devoted no resources to educating consumers about different dispute resolution methods.

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Study Survey Resources FDIC 60

Independent Banker

SEPTEMBER 25, 2014

As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. national financial services partner for the accounting and consulting firm BKD LLP in Louisville, Ky.

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Compliance Regulation Community Bank Community 101

Fintech Labs Insights

APRIL 17, 2017

The company sells debt securities called Limited Resource Obligations (LROs) to investors with a minimum investment of $10. Investor funds are held in an Investors Trust Account with City National Bank and in the event of default, the funds are FDIC insured up to $250,000. Groundfloor. The minimum investment is $1,000.

Technology 19

Technology Montana Company Management 19