Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL.

System 195

System Lending Policies Regulation 195

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

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. 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.

Community 195

Community Lending Maine Resources 195

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. FMSI, acquired by Kronos in 2016, provides cloud-based workforce management (WFM) solutions to small banks and credit unions.

Study 125

Study Community Bank Trends Analysis 125

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. For a more detailed discussion of the final standards, see our legal alert.

Regulation 60

Regulation FDIC Policies Compliance 60

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. ” According to the store manager sales jumped 75 percent.

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. We have full confidence in our new management team and we are a better company today.”. In 2013, the lender’s originations count had grown to $2 billion, and Google acquired a minority stake in the company for $125 million.

Lending 135

Lending Fraud Management San Francisco 135

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

Jeff For Banks

AUGUST 22, 2014

At the end of 2013, US registered investment companies managed $17.1 trillion in assets , while bank assets in all FDIC insured financial institutions was $14.7 Pluck them from your ranks of junior professionals such as branch managers, credit analysts, marketing analysts, and perhaps, directly out of college.

Retail 86

Retail Tools Management Taxes 86

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

NCR

APRIL 15, 2016

According to the FDIC, the total number of banking and thrift charters declined from around 20,000 in 1980 to 6,812 at the end of 2013. A long list of financial institutions has been swallowed up by mergers and acquisitions, and many more have simply disappeared.

Security 40

Security Knowledge Base FDIC Mobile 40

Fintech Labs Insights

JULY 5, 2016

Max , the intelligent cash management solution for high net worth individuals, announced its third anniversary last week with news that the platform now supports TD Bank accounts. “We see an exciting year ahead and look forward to helping our members continue to more effectively manage their cash,” the email read.

New York City 19

New York City New York FDIC Management 19

Gonzobanker

AUGUST 22, 2014

Between the end of 2010 and 2013, one new bank opened in the United States. . After spending over a decade in management and board retreats facilitating strategic planning sessions, rare is the bank client I have worked with whose M&A strategy couldn’t best be described as “opportunistic. 20 years ago 10 years ago Today.

Strategy 87

Strategy United States Community New York City 87

Fintech Labs Insights

JULY 19, 2016

MaxMyInterest unveiled a new integration to make it easier for financial advisors to bring smart cash management to their clients. Leveraging forms automation and management technology from Laser App Software, advisors will be able use their own CRM systems to “pre-onboard” clients to the Max platform.

FDIC 12

FDIC New York System Software 12

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.”.

FDIC 68

FDIC Operations Policies Regulation 68

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. Administration and management. taxes and insurance.

Regulation 70

Regulation Policies Community Bank Taxes 70

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). The Bank also offers wealth management and trust services. In preparation for meetings, I frequently read 10k''s.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

Independent Banker

MARCH 15, 2015

percent return on equity in 2013. FDIC Advisory Committee on Community Banking, member. National Management Association/Grand Lake chapter, treasurer and president. Equally impressive, the bank has maintained an efficiency ratio of less than 50 percent for the past six years. ICBA Services Network Board of Directors, member.

Ohio 70

Ohio Community Bank Community Lending 70

Bank Innovation

NOVEMBER 22, 2016

This past quarter saw the lowest number of enforcement actions against financial institutions since 2013 (though there were some prominent cases in the media spotlight that may have led observers to think otherwise.) New Haven, Conn.-based

Compliance 150

Compliance Management Company Operations 150

Jeff For Banks

APRIL 14, 2022

Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. 2013 Joshua R. The World in Depression, 1929–1939 2013 Charles P. Bonadio Bonadio, Felice A. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X.

America 78

America National Denver United States 78

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. The Bureau issued its first (and so far only) no-action letter in September 2017 to Upstart Network Inc.

Data 60

Data Lending Compliance Policies 60

PYMNTS

OCTOBER 11, 2017

Millions of American consumers use small-dollar loans to manage budget shortfalls or unexpected expenses,” said Dennis Shaul, chief executive of the Community Financial Services Association of America. There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions.

Lending 109

Lending Regulation Guidelines FDIC 109