2012 FDIC Management Operations 
CFPB Monitor
MAY 23, 2019
The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C. In July 2017, the D.C.
CFPB Monitor
NOVEMBER 19, 2018
Thirteen Republican Senators have sent a letter to FDIC Chairman Jelena McWilliams urging the FDIC to take action to ensure that lawful businesses are no longer at risk of adverse financial consequences as a result of “Operation Choke Point, and its associated culture and Choke Point-like regulatory actions.”.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Jeff For Banks
AUGUST 14, 2022
In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! What were disfavored industries?
Celent Banking
JUNE 22, 2017
The Italian cruise ship Costa Concordia capsized and sank after striking an underwater rock off Tuscany, in January 2012, resulting in 32 deaths. Source: FDIC, Celent analysis. FMSI, acquired by Kronos in 2016, provides cloud-based workforce management (WFM) solutions to small banks and credit unions.
Jeff For Banks
AUGUST 2, 2021
2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. 10/ @Schornack For perspective, the net interest income + non-interest income (Revenues for 2012) were a total of $4.2 million in 2012 to $12.2 million in 2020.
CFPB Monitor
NOVEMBER 24, 2020
The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.
Jeff For Banks
OCTOBER 29, 2016
I recently spoke at a Financial Managers' Society (FMS) breakfast meeting on this subject and thought I would share my comments with you. In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year.
Expert insights. Personalized for you.
112 
Let's personalize your content