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. CFPB Rulemaking CFPB crapo regulations'

Regulation 95

Regulation FDIC Online 95

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Although this advisory is dated 2014, it is top-of-conversation among regulators even today. BSA Rules and Regulation.

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. 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

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. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

SEPTEMBER 21, 2022

We recently wrote about a Law 360 report indicating that the CFPB appears unlikely, at least in the near future, to undertake new rulemaking that would regulate the use of consumer arbitration agreements. 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

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

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

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

Independent Banker

FEBRUARY 24, 2016

Regulators warn once again about rising CRE concentrations and risks. 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. We get a lot of attention” from regulators, he says.

Community Bank 70

Community Bank Lending Community Regulation 70

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

PYMNTS

OCTOBER 13, 2016

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

Regulation 100

Regulation Lending US FDIC 100

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

Jack Henry

JULY 2, 2014

This may be the beginning of a new trend where state regulators move beyond their traditional role to become increasingly involved in banking cyber security. 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.

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

Independent Banker

SEPTEMBER 22, 2015

Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). Model language has been provided in Appendix A of the regulation. Model language is provided in Appendix B to the final regulation. Escrow obligations. Borrower choice.

Regulation 70

Regulation Policies Community Bank Taxes 70

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

Jeff For Banks

DECEMBER 16, 2022

and Puerto Rico banking laws and regulations. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system. five-year total return and #2 on the JFB Top 5! Well done! #3 Virgin Islands.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

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

Banking 2020

MARCH 17, 2015

You might protest, “we have to sound like that because the FHA/FDIC/FCRA requires it,” but I don’t buy it. For one thing, regulators have been pushing banks to be simpler and more straightforward, so customers know where they stand. She was foreman of the Writing for Design jury at the 2014 D&AD Awards.

San Francisco 40

San Francisco Customer Experience FDIC Mobile 40

American Banker

AUGUST 3, 2016

million in civil penalties and moved to bar a former executive from the banking industry in connection with a leak of supervisory information from the New York Fed in 2014. The Federal Reserve Wednesday fined Goldman Sachs $36.3

New York 28

New York Industry FDIC Regulation 28

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

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). With the talent acquired from GoPago, Amazon launched Amazon Local Register, a card reader for SMBs in August 2014. Its first entry point in the market was in payments in October 2014.

Cards 101

Cards Lending Strategy US 101

PYMNTS

OCTOBER 12, 2016

appeal of the 2014 $109M financial penalty imposed by the CFPB. Elizabeth Warren — one of the guiding figures behind the CFPB — took a somewhat different line on the ruling, firmly noting it was not a defeat for post-financial crisis efforts and banking regulation and reform. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc.,

District of Columbia 100

District of Columbia New Jersey Exercises FDIC 100

Abrigo

FEBRUARY 16, 2015

One of the topics continually making headlines in banking today is the cost of regulation. A popular opinion, brought to the forefront last week by a Harvard University report , is that these regulations are imposing a significant burden on small financial institutions such as community banks and credit unions.

Community Bank 150

Community Bank Community Regulation Lending 150