May, 2023

Remove fdic-compliance
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FDIC consent order with Cross River Bank indicates heightened scrutiny of bank-fintech partnerships

CFPB Monitor

The FDIC recently announced that it has entered into a Consent Order with Cross River Bank (CRB or Bank) to resolve FDIC charges that the Bank engaged in unsafe or unsound practices related to its fair lending compliance. (The The Consent Order was issued in March 2023 but not made public until the end of last month.) .

FDIC 78
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Great expectations: Loan review system regulations and how to adhere to them

Abrigo

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. Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance.

System 195
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Dud-Frank? Post-2008 reforms played little role in bank resolutions.

American Banker

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FDIC 100
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FDIC proposes special assessment to replenish deposit insurance fund

American Banker

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FDIC 78
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There are far too many unanswered questions about SVB's failure

American Banker

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FDIC 74
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Did the Supreme Court just raise the bar on banking enforcement actions?

American Banker

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FDIC 74
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FDIC plans to hit big banks with fees to refill Deposit Insurance Fund

American Banker

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FDIC 45