PYMNTS

FEBRUARY 1, 2021

Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ. The alleged offenses spanned more than four years between April 2014 and September 2018.

Apple 150

Apple FDIC New York Compliance 150

CFPB Monitor

MAY 20, 2015

The FDIC’s Division of Depositor and Consumer Protection will hold a teleconference on. FDIC staff will share observations made by FDIC examiners during initial examinations since the rules became effective in January 2014. May 21, 2015 on implementation of the CFPB’s mortgage rules.

FDIC 60

FDIC Compliance 60

PYMNTS

FEBRUARY 18, 2020

The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Recently, Varo Money , a mobile bank, got FDIC approval to accept consumer deposits. It had a huge initial public offering (IPO) in 2014, with an $8.5 million valuation.

Fintech 242

Fintech FDIC Boston Lending 242

South State Correspondent

MAY 5, 2015

As of December 2014, there were 6,518 FDIC insured financial institutions. Of the total number of insured financial institutions, 1,872 were less than $100mm in total assets while 3,477 were less than $200mm in total assets.

FDIC 150

FDIC Regulation Industry Data 150

Jack Henry

APRIL 30, 2014

The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. Secret Service Electronic Crimes Task Force (ECTF). FBI InfraGard. Regional Coalitions.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

MAY 26, 2016

A new report from the Federal Deposit Insurance Corporation (FDIC) shows that mobile banking can empower underserved customers to have greater control over their finances and ultimately open up access to mainstream banking.

Mobile 104

Mobile FDIC Survey Security 104

Payments Source

MAY 18, 2020

The order's removal allows the Delaware company to pursue more opportunities in its payments business.

Delaware 65

Delaware Compliance Payments Company 65

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). In fact, its 2014 Survey of Credit Underwriting Practices noted that 2014 marked a third consecutive year of eased standards.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

SEPTEMBER 30, 2020

The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp. FDIC), the states and the courts. This isn’t the OCC’s first attempt to create a special banking charter that would benefit tech firms.

Regulation 349

Regulation National System Industry 349

PYMNTS

JULY 15, 2019

percent: the growth rate of FDIC-insured bank loans to farm borrowers as of March 2019. percent, reports said, noting FDIC insured banks account for about half of all farm loans. Department of Agriculture warns that this figure is approaching debt levels seen ahead of the 1980s farm crisis. Bankcorp’s declined by 25 percent.

FDIC 142

FDIC Analysis Lending Data 142

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

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. It has not been all sunshine and rainbows for TBBK.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

PYMNTS

JULY 25, 2018

With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. In May of 2017, Financial Times reported that data released by the Federal Deposit Insurance Corporation (FDIC) showed the first sequential drop in outstanding car loans at commercial banks in at least six years. Cabot Square Capital, a U.K.

Capital 108

Capital FDIC Resources National 108

Celent Banking

NOVEMBER 17, 2015

in 2014 and projects expansion to $35B by 2020. Let’s take a look at data compiled by the FDIC starting in 2010. The facts are that US small business loan volume and dollar value outstanding are at their highest levels since the FDIC began collecting this data from banks. and current SBA loan rates range from 3.43% to 4.25%.

Report 100

Report FDIC Lending Fintech 100

American Banker

MAY 18, 2020

The order's removal allows the Delaware company to pursue more opportunities in its payments business.

Delaware 35

Delaware Compliance Payments Company 35

CFPB Monitor

JANUARY 19, 2015

Two reports recently issued by the Offices of Inspector General at the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) may provide some insight on the impending final standards. ( FDIC Report ; OCC Report ).

FDIC 60

FDIC Report Policies Regulation 60

CFPB Monitor

FEBRUARY 4, 2015

The consent order notes that, as of December 2014, Continental charged approximately 98,000 cardholders more than $2,670,000 in paper statement fees. million in consumer funds deposited during 2013 were not FDIC insured. In reality, the consent order asserts, up to $1.8 In addition to requiring the estimated $2.7

Cards 60

Cards FDIC Company Security 60

CFPB Monitor

OCTOBER 24, 2014

Marc Patterson On October 22, 2014, six federal agencies adopted the final Credit Risk Retention Rule under Section 941 of the Dodd-Frank Act. ” Pursuant to the Dodd-Frank Act, the final rule is being issued jointly by the SEC, FDIC, Federal Reserve, OCC, FHFA, and HUD.

FDIC 102

FDIC Security 102

Abrigo

MARCH 17, 2015

According to the latest FDIC Quarterly Banking Profile, community banks continue to thrive and lead the industry. percent achieved that threshold in the fourth quarter of 2014 – they aren’t just competing with large, national banks; their community bank counterparts also account for much of their competition.

How To 150

How To Community Bank Community FDIC 150

Abrigo

SEPTEMBER 22, 2015

A 2014 ICBA survey cited in the article showed that Stewart is not in the minority in her comment. The FFIEC – made up of the OCC, NCUA, FDIC, Federal Reserve, the Consumer Financial Protection Bureau and the State Liaison Committee – intends to move quickly, while still constructing a plan for call reports that makes sense.

Community Bank 150

Community Bank Community FDIC Survey 150

CFPB Monitor

OCTOBER 23, 2014

Senator Crapo’s letter is intended as a follow up to Director Cordray’s September 2014 appearance before the Committee. The CFPB’s streamlining efforts were also the subject of a letter sent to Director Cordray yesterday by Senator Mike Crapo, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs.

Regulation 95

Regulation FDIC Online 95

CFPB Monitor

JULY 6, 2015

The CFPB’s proposal , which would mandate new disclosures, error resolution procedures, consumer liability limits for unauthorized transactions, fee limits, and added requirements for cards with overdraft or credit features, was issued in November 2014. Most prepaid card users do not want the option to overdraw their accounts.

Cards 60

Cards FDIC Survey National 60

CFPB Monitor

SEPTEMBER 21, 2022

Chamber Institute for Legal Reform of 101,244 consumer disputes that terminated between January 1, 2014 and June 30, 2020 concluded that: Consumers are more likely to win in arbitration than in court. Consumers initiated and prevailed in 44% of all consumer arbitrations that were terminated with awards during January 2014—June 2020.

Report 78

Report Study Regulation FDIC 78

Jeff For Banks

JUNE 2, 2023

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement. trillion failed.

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

DECEMBER 8, 2014

Mishkin The CFPB has issued its sixth Semi-Annual Report to the President and Congress covering the period from April 1 through September 30, 2014. As we have found with previous CFPB semi-annual reports, despite its 188-page length, the latest report provides no noteworthy new information about CFPB activities.

Report 68

Report FDIC Cards Examples 68

Celent Banking

AUGUST 3, 2016

The Federal Reserve estimate that 40% of all transactions in 2014 were in cash. FDIC research shows that c. The headline is 62% of them thought it likely or very likely that we would be a cashless society in their lifetime. That would be a massive shift. Most importantly, there are significant social issues to address first.

Survey 100

Survey FDIC US Cards 100

Abrigo

JUNE 2, 2021

FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. Although this advisory is dated 2014, it is top-of-conversation among regulators even today. All Institutions Must Have. Culture of compliance.

How To 195

How To Training Compliance Policies 195

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

CFPB Monitor

APRIL 18, 2016

The Dodd-Frank Act required the CFPB and various other federal agencies, including the Fed, OCC, FDIC, NCUA, and SEC, to establish an OMWI, and also required each OMWI to submit an annual report to Congress. The percentage of women represents a 2% increase from 2014’s percentage.)

Report 60

Report Policies FDIC Regulation 60

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 1, 2019

Five years after the worst of the carnage in the data out of the Federal Deposit Insurance Corporation (FDIC) showed that lending was beginning to normalize — lending to big businesses had recovered, consumer lending was showing signs of thawing as the mortgage markets began showing signs of coming back from the dead.

Data 135

Data Lending Capital Regulation 135

Jeff For Banks

AUGUST 2, 2014

August 2, 2014 Mr. John Whatshisname Examiner In Charge Bank Regulatory Body 1 Bureaucrat Way, NW Washington, DC 20429 Mr. Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). And Schmidlap is not gonna take it.

Regulation 93

Regulation DC FDIC Analytics 93

Independent Banker

FEBRUARY 24, 2016

Obviously these local lenders took notice when the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency recently issued a joint statement pointing out increased risks in CRE lending. percent of its total assets—was nonperforming at the end of 2014, according to the bank’s most-recent annual report. “I

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

OCTOBER 13, 2016

“[The government] shut down those types of bank partnerships so we quickly changed to cash advance products, which remained in place until 2014 when we launched our partnership with Scotiabank today,” says Petralia.

Regulation 100

Regulation Lending US FDIC 100

Jack Henry

JULY 2, 2014

Liberum Research reports a slight increase in executive turnover in 2014 for roles like this, seemingly correlated with the nation’s improving stability and job growth. If you are considering outsourcing your IT network services, the FDIC, OCC and NCUA all emphasize the importance of due diligence in vendor selection and security initiatives.

Cyber Security 102

Cyber Security Compliance Security FDIC 102

CFPB Monitor

FEBRUARY 2, 2015

As a follow up to a January 2014 meeting with private student loan lenders and servicers convened by Director Cordray and Education Secretary Arne Duncan, the CFPB sent letters last week to certain “market participants” requesting information about current and planned loan modification options. Culhane, Jr. Information Requests.

Industry 60

Industry FDIC Meeting Regulation 60