South State Correspondent

NOVEMBER 9, 2016

Back in June of 2013, the FDIC, OCC, and Federal Reserve jointly approved rules intended to implement new international banking standards. Known as the Basel III Capital Accords, Basel III uses a risk weighting system to determine the capital ratios for higher risk assets.

FDIC 150

FDIC Capital Lending US 150

Abrigo

NOVEMBER 11, 2019

Bankers since the financial crisis have become accustomed to seeing language like the following: “The FDIC is re-emphasizing the importance of prudent interest rate risk oversight and risk management processes to ensure FDIC-supervised institutions are prepared for a period of rising interest rates.” FDIC FIL-46-2013 October 8, 2013.

Management 150

Management FDIC Community Risk Management 150

Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. percent from 2013. percent to $36.9

Community Bank 150

Community Bank Community FDIC Industry 150

Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. percent from 2013. percent to $36.9

Community Bank 150

Community Bank Community FDIC Industry 150

PYMNTS

MARCH 7, 2017

FDIC), U.S. The FDIC also said that the percentage of U.S. percentage points compared to 2013 levels, meaning around 9 million households in the U.S. The underbanked stayed the same compared to 2013 levels. According to the Federal Deposit Insurance Corp. households that are unbanked declined by 0.7

FDIC 100

FDIC Capital Fintech Analytics 100

PYMNTS

MAY 24, 2018

In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. The report said that 2013 FDIC and OCC guidance eliminated the ability of banks to offer a viable alternative to compete with payday lending.

FDIC 100

FDIC Lending Regulation Study 100

PYMNTS

MAY 4, 2020

The company, launched in 2013, is now valued at $8.3 By partnering with a bank, users can access the service, which has debit cards and is backed by the Federal Deposit Insurance Corporation (FDIC). FinTech startups like Robinhood have been popular lately, attracting numerous new backers.

FDIC 131

FDIC Fintech Millennials Management 131

PYMNTS

DECEMBER 12, 2019

The cash management feature is offered in partnership with a bank, and has debit cards, as well as deposits backed by the Federal Deposit Insurance Corporation (FDIC). Robinhood , which launched in 2013, attracts millennials interested in trading stocks and cryptocurrency. stocks, exchange-traded funds and options.

FDIC 135

FDIC Millennials Management Fintech 135

PYMNTS

DECEMBER 10, 2019

N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Cash withdrawals are free at more than 55,000 Allpoint designated ATMs and customers also get two free out-of-network withdrawals per month. N26 started rolling out in the U.S.

Digital Banking 131

Digital Banking Cards US FDIC 131

PYMNTS

MARCH 5, 2019

Chime noted in its press release that it began March with more than three million FDIC bank accounts. Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. The company also plans to double its size to more than 200 employees and expand its leadership team.

Capital 116

Capital San Francisco FDIC Leadership 116

Jeff For Banks

OCTOBER 5, 2020

When the TDB shut them down and the FDIC investigators came in, they had to occupy the church next door because of the smell from the fire. The FDIC issued this guidance in June 2011. The OIG was critical of the TDB and the FDIC for how long it took them to uncover the relative level of loan fraud.

FDIC 78

FDIC Fort Worth Dallas Texas 78

PYMNTS

JULY 11, 2019

And, according to the announcement, N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Valentin Stalf and Maximilian Tayenthal started N26 in 2013. also looks to debut Metal — a premium tier account — to U.S. customers “shortly thereafter.” N26 has reportedly reached 3.5

Mobile 121

Mobile US United States FDIC 121

CFPB Monitor

NOVEMBER 10, 2016

In addition to a CFPB representative, the presenters included representatives from the Fed, FDIC, OCC and NCUA. She also noted the CFPB’s June 2013 white paper and July 2014 report on checking account overdraft services. A copy of the slides used by the presenters can be found here.

FDIC 76

FDIC Policies Lending Report 76

CFPB Monitor

OCTOBER 13, 2016

In addition to a CFPB representative, the speakers will include representatives from the Fed, FDIC, OCC and NCUA. It has issued a June 2013 white paper and a July 2014 report on checking account overdraft services. The presentation will be followed by a Q&A segment. Information about registration is available here.

FDIC 60

FDIC Report 60

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.

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

PYMNTS

MARCH 18, 2019

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The bank stopped offering the banking account to new customers in 2013, but maintained it for those who already had it. In 2017, 6.5 percent of 129.3 million U.S.

America 175

America Survey FDIC System 175

Jeff For Banks

AUGUST 2, 2021

1/ @Schornack At the end of July 2013, we invested $1.8MM to buy 49% of Flagship Financial Group, Inc. 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. Jackie Herman, our COO 2013. million in assets and $233.7

Community Bank 78

Community Bank Community Minnesota Metro 78

CFPB Monitor

FEBRUARY 4, 2015

Second, the consent order states that the Continental cardholder agreements for secured and partially secured cards represented that a cardholder’s security deposit would be held in an FDIC insured financial institution. million in consumer funds deposited during 2013 were not FDIC insured.

Cards 60

Cards FDIC Company Security 60

CFPB Monitor

DECEMBER 29, 2014

The proposal is intended to implement MLA amendments made by the 2013 Defense Authorization Bill. To conduct its analysis, the CFPB identified a subset of accounts belonging to servicemembers that were part of the larger dataset used for the CFPB’s 2013 white paper on payday loans and DAPs.

FDIC 68

FDIC Analysis Study Policies 68

Celent Banking

JUNE 22, 2017

Celent published a report on the topic in 2013 that predicted a steep decline in branch density – something that is now underway. Source: FDIC, Celent analysis. The branch boom in the US has been at the hands of large banks. A historic look at the number of bank branches by asset tier makes this clear.

Study 125

Study Community Bank Trends Analysis 125

Abrigo

MAY 5, 2022

Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. So far, episode topics include cover loan pricing in a rising-rate environment, cannabis-related banking , and technology implementation.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

DECEMBER 8, 2014

We did, however, find noteworthy the section of the report dealing with TILA, EFTA and CARD Act enforcement efforts of federal agencies other than the CFPB.

Report 68

Report FDIC Cards Examples 68

CFPB Monitor

DECEMBER 6, 2021

Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray. Years ago, the FDIC and OCC made it impracticable for banks to offer deposit advances, a development we roundly criticized, but the OCC, at least, subsequently realized that deposit advances can actually serve consumer needs.

Regulation 78

Regulation Policies FDIC Leadership 78

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. percent over the 3rd quarter of 2013. Loans across categories increased, with commercial and industrial loans growing at the fastest rate, roughly 5.3

Training 170

Training Policies Analysis Community Bank 170

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

CFPB Monitor

JULY 7, 2022

The second letter takes aim at four other CFPB actions that the Chamber calls “imprudent and unlawful.”

Groups 145

Groups West Virginia Policies Virginia 145

Fintech Labs Insights

NOVEMBER 10, 2023

197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 39,600 $587 7 Credit Sesame 1196 2010 SF 5,730,000 $172 8 Marcus (Goldman Sachs) 1149 2017 Salt Lake City 5,670,000 $0 9 Monzo 1089 2015 London 3,390,000 $1,100 10 MoneyLion 873 2013 NYC 1,260,000 4.6 10 $15 37 GoBank 35 2013 LA 189,000 1.4

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

JULY 15, 2016

But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Top as in the very top: the FDIC chairman, his chief of staff, and the General Counsel. Maybe not even from a PR perspective either. Lending Club Algorithms .

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

OCTOBER 13, 2016

which was added in 2013. “We That was a challenge that it was definitely unexpected where we had to come up with an alternative and now we’re happy to be working with an FDIC regulated bank.”. The business made its first loans in May 2011, and now there are now about 335 employees in four locations including the U.K.,

Regulation 100

Regulation Lending US FDIC 100

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.

System 195

System Lending Policies Regulation 195

American Banker

JANUARY 5, 2017

A California consumer group on Thursday urged the Senate Finance Committee to delay Treasury Secretary-designate Steven Mnuchin's nomination hearing after a leaked 2013 memo described alleged illegal foreclosure practices at OneWest Bank when he was chairman and CEO.

California 42

California Groups FDIC Regional 42

PYMNTS

JANUARY 30, 2018

Three years later, in 2013, Bank of America stopped enrolling new customers in the program. It’s a lesson that he believes banks will have to learn as well – because their customers are getting better offers from institutions that are also FDIC-insured, and that also offer a full suite of financial services online.

America 109

America Maryland FDIC Millennials 109

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. This was launched in 2013 in Summit’s high school branches.

Video 64

Video Millennials Training Resources 64

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 OCC did an excellent analysis of the impact of this guidance in 2013. They need a marketing person to title their reports. Maybe sub out an economist or two.

Lending 60

Lending Regulation Community Community Bank 60

American Banker

OCTOBER 20, 2016

drop from 2013. In its biennial survey, the Federal Deposit Insurance Corp. found that in 2015, 7% of U.S. households were unbanked, marking a 0.7%

Survey 28

Survey FDIC Regulation 28

Jeff For Banks

APRIL 19, 2015

Utah has many Industrial Loan Companies (ILC''s), which are FDIC supervised financial institutions that can be owned by commercial firms not regulated by a federal banking agency, like a utility company. In 2013, I wrote a blog post on a job description for an EVP of Distribution and Service Excellence.

Industry 60

Industry Montana Utah Washington 60