CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. partnerships, joint ventures), including technology companies.

Risk Management 78

Risk Management Management FDIC Compliance 78

CFPB Monitor

JANUARY 19, 2015

In October 2013, six federal agencies proposed joint diversity standards for public comment. Despite the fact that the FDIC and OCC had taken measures to promote diversity as directed by Dodd-Frank, both reports concluded that more could be done. Final standards could be issued in the near future.

FDIC 60

FDIC Report Policies Regulation 60

CFPB Monitor

JUNE 11, 2015

The other agencies were the OCC, Fed, FDIC, NCUA and SEC. While the final standards generally track the standards proposed by the agencies in October 2013, they provide some clarifying language in response to public comments.

Regulation 60

Regulation FDIC Policies Compliance 60

Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. The Federal Reserve, the OCC, the NCUA, and the FDIC repeatedly pointed out that the nature of loan review or credit risk review at a given bank or credit union will vary. It also monitors compliance with applicable regulations and laws.

System 195

System Lending Policies Regulation 195

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

Independent Banker

SEPTEMBER 22, 2015

In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas. taxes and insurance.

Regulation 70

Regulation Policies Community Bank Taxes 70

Gonzobanker

AUGUST 22, 2014

Between the end of 2010 and 2013, one new bank opened in the United States. . The costs of regulatory compliance, investments in new technology, investments in physical and digital channels, and thinning industry margins mean banks will need to be of a “certain” size to succeed long term. 20 years ago 10 years ago Today.

Strategy 87

Strategy United States Community New York City 87