CFPB Monitor

JANUARY 19, 2015

Section 342 of Dodd-Frank directs each of the federal financial regulatory agencies to create an Office of Minority and Women Inclusion (OMWI) to oversee diversity efforts at the agencies, and further, to develop standards for assessing diversity policies and practices at regulated financial entities.

FDIC 60

FDIC Report Policies Regulation 60

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending.

Lending 60

Lending Regulation Community Community Bank 60

CFPB Monitor

DECEMBER 6, 2021

Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray. For a number of reasons and as detailed at greater length in a CBA white paper we helped author, we believe that formal rulemaking would serve as a far better approach than a return to “regulation by enforcement.”.

Regulation 78

Regulation Policies FDIC Leadership 78

CFPB Monitor

JULY 7, 2022

In a blog post , the Bank Policy Institute called the CFPB spokesperson’s statement “unprofessional” for “demoniz[ing] commenters and dismiss[ing] their ideas out of hand” and failing to “recognize that people who work in a regulated industry are uniquely positioned to provide insights on the practical effects of a regulation.”

Groups 145

Groups West Virginia Policies Virginia 145

CFPB Monitor

JUNE 11, 2015

The other agencies were the OCC, Fed, FDIC, NCUA and SEC. The standards go into effect on June 10, 2015 and apply to all entities regulated by the CFPB or one of the other agencies. ET on July 15, 2015 for regulated entities interested in learning more about the standards and how best to comply.

Regulation 60

Regulation FDIC Policies Compliance 60

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

Perficient

MARCH 10, 2021

.” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. Loan reviews are completed in the first and third calendar quarters each year.

National 309

National Regulation FDIC Retail 309

PYMNTS

OCTOBER 13, 2016

which was added in 2013. “We In a highly regulated sector, regulations are ever-evolving, which can implicate, limit and change relationships. Kabbage had been talking with Thrift, when regulations involving OTC caused an abrupt shift. “[The Petralia remembers back to 2009 when the team was looking for a bank partnership.

Regulation 100

Regulation Lending US FDIC 100

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

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. Model language has been provided in Appendix A of the regulation.

Regulation 70

Regulation Policies Community Bank Taxes 70

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

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

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. And I have never heard a regulator say the phrase "over capitalized". Where are we and where have we been? Trends are telling. At September 30, 2017 there were 5,737, a 16% decline. There were 166 mergers, and four new charters in the first three quarters of 2017.

Taxes 60

Taxes Regional Industry Trends 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

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

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

Gonzobanker

AUGUST 22, 2014

Between the end of 2010 and 2013, one new bank opened in the United States. . While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. At the same time, the pace of new bank charters has dwindled to near non-existence.

Strategy 87

Strategy United States Community New York City 87

Independent Banker

MARCH 15, 2015

percent return on equity in 2013. Regulation Review Committee, vice chairman. FDIC Advisory Committee on Community Banking, member. Both the regulators and Congress respect us for what we stand for,” he observes. “So Housing Policy Task Force, member. ICBA Services Network Board of Directors, member. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 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). billion during 2013 of which approximately $2.30 In preparation for meetings, I frequently read 10k''s. Texas Capital Bancshares, Inc. million to $1.28

Strategy 102

Strategy Texas San Antonio Fort Worth 102

CFPB Monitor

SEPTEMBER 27, 2016

The federal agencies covered by the bill include the CFPB, Federal Reserve, FDIC, NCUA, OCC, FTC, and HUD. ” The bill contemplates that each agency would establish a “Financial Services Innovation Office” (FSIO) to support the development of financial innovations.

Fintech 60

Fintech Innovation Compliance Policies 60

PYMNTS

OCTOBER 11, 2017

No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

Lending 109

Lending Regulation Guidelines FDIC 109