CFPB Monitor

MAY 20, 2015

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

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FDIC Compliance 60

CFPB Monitor

JUNE 18, 2019

Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. The FDIC’s anonymized exam findings include: Overdraft Programs. The CFPB has similarly articulated concerns with such arrangements, including in its Bulletin 2015-05.

FDIC 60

FDIC Compliance Regulation Training 60

CFPB Monitor

OCTOBER 20, 2016

On October 17, the FDIC released revised interagency Military Lending Act (MLA) examination procedures for use in connection with consumer credit transactions occurring on or after October 3, 2016. The FDIC also provided guidance on its initial supervisory expectations for examinations relating to MLA compliance.

FDIC 60

FDIC Compliance Training Lending 60

Bank Innovation

MARCH 21, 2016

It’s been a year since the Federal Deposit Insurance Corporation (FDIC) conditionally approved a de novo charter for Primary Bank. Based in Bedford, New Hampshire, the new Primary Bank raised an astounding $29 million after obtaining approval for its charter on March 17th of 2015. But Primary Bank was not the Read More.

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New Hampshire FDIC Operations Capital 150

CFPB Monitor

MAY 4, 2015

On May 21, 2015, from 2:00pm to 3:30pm, the FDIC’s Division of Depositor and Consumer Protection will host a teleconference as part of its periodic series of events for bankers on important bank regulatory and emerging issues in the compliance and consumer protection area. Marc Patterson.

FDIC 60

FDIC Compliance 60

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. Starting in 2015, all US banks that lend on “high volatility commercial real estate” (HVCRE) are required to hold more capital against such loans.

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FDIC Capital Lending US 150

CFPB Monitor

JULY 1, 2015

The FDIC has revised its interagency examination procedures to reflect the requirements of the TILA/RESPA integrated disclosures (TRID) rule. The CFPB has issued a proposal to postpone the TRID rule’s effective date from August 1 to October 3, 2015. Andreano, Jr.

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FDIC Regulation Compliance Meeting 60

PYMNTS

JULY 15, 2019

expanded their financing to farming businesses significantly between 2008 and 2015, according to filings with the Federal Deposit Insurance Corporation analyzed by Reuters. percent: the growth rate of FDIC-insured bank loans to farm borrowers as of March 2019. That growth rate has been declining: In December 2015, it was 6.4

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FDIC Analysis Lending Data 142

PYMNTS

FEBRUARY 7, 2020

The broad consumer appeal of free trading compelled the 2015 launch of Robinhood. The Robinhood cash management feature is offered in partnership with a bank, and includes debit cards, and, critically, deposits backed by the Federal Deposit Insurance Corporation (FDIC).

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

AUGUST 22, 2016

According to FDIC Chief Economist Richard Brown, the notion that “branch offices are dinosaurs and going away appears to be substantially overstated.”. $2 93,283 | The number of bank branches still open at the end of 2015, according to the FDIC. 25% | The decline in FDIC-insured banks since 2009.

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FDIC Data Digital Banking Operations 100

PYMNTS

JANUARY 13, 2021

FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. While representatives for the Fed, FDIC and Treasury did not respond to requests for comment, reports said they are looking into whether American Express deployed deceptive sales practices, with allegations of misrepresented reward programs.

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Cards Apple FDIC Samsung 167

American Banker

MAY 12, 2016

The event took place during the 2015 fiscal year, but was not separately disclosed to Congress until the agency's federally-mandated annual report on information security. Even then, the FDIC provided only vague details on what happened.

FDIC 28

FDIC Security Report Regulation 28

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

DECEMBER 10, 2019

Since the initial product launch in 2015, N26 has reached more than 3.5 N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. million customers in 25 markets in Europe. N26 started rolling out in the U.S.

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Digital Banking Cards US FDIC 131

PYMNTS

MARCH 7, 2017

FDIC), U.S. households that have zero persons with a checking or savings account, otherwise known as the unbanked, declined to a record low of 7 percent in 2015. The FDIC also said that the percentage of U.S. While the unbanked are numerous in Africa and elsewhere in the U.S., their numbers are starting to decline.

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FDIC Capital Fintech Analytics 100

Abrigo

DECEMBER 23, 2014

Banks and credit unions continued loan growth after the lows of the economic downtown, as recently highlighted by the FDIC and OCC. What topics should be at the top of this list in 2015? Now that 2014 has come and (almost) gone, it’s appropriate to take a step back and review the year’s trends and hot topics.

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FDIC Trends Video How To 170

Abrigo

APRIL 23, 2015

A similar bill, commonly referred to as the Small Bank Exam Cycle Reform Act of 2015 , was introduced by Rep. The 2015 Bank and Credit Union Exam Survey provides a forum to anonymously share recent exam experience. Bankers and credit union professionals can take the 2015 Bank and Credit Union Exam Survey here.

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Community Bank Community Survey FDIC 150

Abrigo

AUGUST 3, 2015

The ABA’s 2015 Survey of Bank Compliance Officers , conducted February through March 2015, had participation from more than 450 financial institutions, with almost 80 percent being community banks. But when the approach historically taken by community banks is limited, their competitive advantage also declines.

Compliance 150

Compliance Community Bank Community Survey 150

PYMNTS

OCTOBER 31, 2016

2015 when the ex-employee downloaded a large number of files onto two thumb drives. which has prompted lawmakers to spend part of 2016 looking into shortfalls in FDIC cybersecurity policies. The incident occurred in Nov. The employee then retired from the agency.

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Data FDIC Policies Report 100

Celent Banking

NOVEMBER 17, 2015

According to the Federal Reserve, the average interest rate for a small business bank loan (less than $100k) in August 2015 was 3.7% Let’s take a look at data compiled by the FDIC starting in 2010. The overall volume of small business loans increased year-over-year from 2010 to June 2015, with a CAGR of approximately 3%.

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Report FDIC Lending Fintech 100

American Banker

SEPTEMBER 29, 2016

million originations in 2015, reversing a more than 30% decrease a year earlier, according to housing finance data released Thursday. Mortgages jumped more than 20% to 7.4 The data also showed that nonbanks accounted for fully half of new mortgage originations — the largest proportion in over 20 years.

Data 28

Data FDIC Regulation 28

PYMNTS

JULY 1, 2019

We have said before that we wish we had done more to investigate claims about Cambridge Analytica in 2015. FDIC’s New Division. That regulation now means companies can be fined as much as 4 percent of annual turnover. “We However, evidence indicates that no Italian user data was shared with Cambridge Analytica.

cryptocurrency 100

cryptocurrency Regulation social media FDIC 100

Abrigo

OCTOBER 28, 2022

Overall, FDIC-insured commercial banks and savings institutions aren’t seeing dramatic increases in net charge-offs ( Chart 1 ) or rates related to declining asset quality ( Chart 2 ), such as past-due rates and rates for non-current loans. “The The only real deterioration we're starting to see is in subprime auto and credit card portfolios.”

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Management Risk Management Policies Lending 195

CFPB Monitor

MAY 13, 2015

The revised chapters incorporate the detailed procedural and substantive requirements of the CFPB’s TILA/RESPA integrated disclosures (TRID) rule, which is set to go into effect on August 1, 2015. The OCC’s publication of the chapters follows a similar release from the CFPB in April 2015.

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Compliance FDIC 60

CFPB Monitor

NOVEMBER 12, 2015

Regulated entities should be aware of two recent developments concerning the final diversity and inclusion standards issued this summer under Dodd-Frank Section 342 by the CFPB, OCC, Fed, FDIC, NCUA and SEC. Comments are due by December 7, 2015. The CFPB expects such entities to take similar steps within their organizations.

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FDIC Regulation 60

CFPB Monitor

APRIL 15, 2016

In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. The interest of federal regulators in marketplace lending continues to grow.

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Lending FDIC Washington Financial Technology 60

Jack Henry

JUNE 17, 2015

Banking statistics for Q1 2015 were just released by the FDIC. To others it could mean the opportunity to further serve a greater good or additional giving to charitable programs. When your bank does better shareholders, employees, customers, and communities win.

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FDIC Trends Community Innovation 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. households, is half a percentage point lower than when the survey was last conducted in 2015, and the lowest level recorded since the survey began in 2009. In 2017, 6.5

America 175

America Survey FDIC System 175

The Financial Brand

OCTOBER 7, 2019

The Financial Brand pulled marketing budgets from FDIC call reports for 210 banks for 2018 and 2015. Here's what our comparison found. The post Bank Marketing Budgets Adapt to New Missions and New Tools appeared first on The Financial Brand.

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Tools Marketing FDIC Comparison 24

CFPB Monitor

SEPTEMBER 2, 2016

The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.

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Compliance Groups Lending FDIC 79

CFPB Monitor

APRIL 18, 2016

The CFPB’s Office of Minority and Women Inclusion (OMWI) has issued its third annual report to Congress covering the OMWI’s activities in 2015. As the report indicates, in June 2015, the CFPB and the agencies listed above jointly issued a final policy statement establishing such standards (Final Standards).

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Report Policies FDIC Regulation 60

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

JUNE 2, 2023

between 2015 and 2022. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement. banks failed a year.

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FDIC Community Bank Regulation Lending 78

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. FDIC) estimated that 6.5 Firms in the U.S., she said, are finding that they need to expand the scope of their payments offerings. That’s especially true among younger users such as millennials.

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Payments Innovation Examples FDIC 189

CFPB Monitor

SEPTEMBER 2, 2016

The request was made in a letter to the CFPB, the Fed, the FDIC, the OCC, and the NCUA (Agencies). Although the DoD’s final rule took effect on October 1, 2015, it applies only to consumer credit transactions or accounts that are consummated or established after October 3, 2016 for most products, and after October 3, 2017 for credit cards.

Compliance 60

Compliance Groups Lending FDIC 60

Independent Banker

APRIL 29, 2016

ROAA in 2015: 2.49 ROAE in 2015: 25.21percent. She began her 17-year banking career as an FDIC examiner. In the back row (from left): Kelly Hoeven, Bruce Morman, Kyle Christensen, Bob Spangelo and Jolene Muscha. In the front row (from left): Renie Krein, Sharon Shafer, Dana Gerving, Mary Sibla and Steph Schantz. Glen Ullin, N.D.

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Community Bank Community Meeting FDIC 70

FICO

JANUARY 13, 2020

In 2018, the DC Circuit Court of Appeals issued a ruling which struck down or vacated, in part, a previous 2015 Declaratory Ruling and Order made by the Federal Communications Commission (FCC). In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA).

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Policies Las Vegas FDIC Washington 52