2016 Community Bank Compliance Regulation 
Abrigo
JANUARY 1, 2016
Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. It also includes a provision for the GAO to study the regulations on an annual basis.
Abrigo
SEPTEMBER 22, 2015
By eliminating or revising some of the items that banks must include in their call reports the FFIEC hopes to streamline the reporting and decrease the amount of time spent on them. The new data reporting plan is available for public comment now, and if passed, would likely take affect for Q4 or first quarter 2016 call reports.
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Abrigo
DECEMBER 11, 2014
For those with assets between $100 billion and $750 billion, the effective date is May 10, 2015, and for those between $50 billion and $100 billion, guidance will be effective on May 10, 2016. While the final guidance clearly applies to larger financial institutions, community banks should still take note.
Abrigo
FEBRUARY 11, 2022
Earlier this month, the FASB considered and rejected further deferral of the CECL standard, initially issued in 2016 in response to the 2008 global financial crisis. The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption.
Abrigo
NOVEMBER 18, 2016
In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend. For many, commercial real estate lending may be the ticket.
Independent Banker
OCTOBER 31, 2021
The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. February 2016.
Independent Banker
JULY 28, 2016
Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.
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