CFPB Monitor

NOVEMBER 21, 2016

On December 1, 2016, the FDIC will co-host an interagency webinar that will focus on Military Lending Act regulations and the Department of Defense’s recently-released interpretive rule.

FDIC 60

FDIC Lending Regulation 60

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. from 2016 until its sale in 2018. Location: Fort Lauderdale, Fla. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4008 – Debt Guaranty Authority. Section 4013 – Temporary Relief For Troubled Debt Restructurings.

Regulation 122

Regulation United States Community Bank National 122

American Banker

SEPTEMBER 6, 2016

’s recent statements encouraging new bank applications are promising, but some barriers to new charters may remain inside the FDIC and we are still waiting for the first de novo of 2016. The Federal Deposit Insurance Corp.’s

FDIC 28

FDIC Policies Community Bank Community 28

CFPB Monitor

OCTOBER 10, 2016

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. ” Speakers include industry representatives and an FDIC representative. ” Among the questions to be addressed are whether “regulation and policy inhibit innovation and skew benefits toward the well-to-do.”

Fintech 60

Fintech FDIC Policies Washington 60

PYMNTS

OCTOBER 31, 2016

According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so. which has prompted lawmakers to spend part of 2016 looking into shortfalls in FDIC cybersecurity policies. The incident occurred in Nov.

Data 100

Data FDIC Policies Report 100

CFPB Monitor

MAY 6, 2021

In 2016, the OCFR brought an enforcement action against CashCall, a nonbank operating a high-rate bank model program. In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants. million in penalties against CashCall.

Maryland 78

Maryland Lending Missouri FDIC 78

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In March 2016, the CFPB announced that it is taking complaints about marketplace lenders. Now, the FTC has joined in by announcing that on June 9, 2016, it will host a half-day forum in Washington, D.C.

Lending 60

Lending FDIC Washington Financial Technology 60

PYMNTS

JUNE 20, 2017

The action comes a week after the FDIC announced that digital lender SoFi had applied to the state of Utah for a special banking charter known as an ILC. You don’t have any regulation of the parent company under the Bank Holding Act; that is almost always the reason why companies are setting these [structures] up,” he said.

Utah 108

Utah Indiana America Community 108

CFPB Monitor

JULY 6, 2022

In addition, in a blog post published last month, Director Chopra indicated that the CFPB was looking at using its authority to issue rules regarding the registration of nonbanks, the CARD Act (Regulation Z) rules establishing safe harbors for credit card late charges, and the Regulation Z qualified mortgage rules.

Lending 78

Lending Regulation FDIC Data 78

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. The first development was the CFPB’s release of its Diversity and Inclusion Strategic Plan for 2016-2020.

FDIC 60

FDIC Regulation 60

CFPB Monitor

OCTOBER 17, 2022

The new report represents a return to the Bureau’s pre-2016 practice of including in the annual report not only the information on college credit card agreements mandated by the CARD Act but also information on other financial products marketed to students.

Cards 78

Cards Report Regulation FDIC 78

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. Reports said Powell noted that looser community bank regulations may help keep branches open. months in the first half of 2018, from 5.6 months in the first half of 2017.

Marketing 108

Marketing Community Community Bank Industry 108

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

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

Abrigo

SEPTEMBER 22, 2015

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. The hope for many in the industry is that this call report plan is the first step toward changing regulations to make some more community bank-friendly.

Community Bank 150

Community Bank Community FDIC Survey 150

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

Jeff For Banks

JANUARY 12, 2019

So, as was my take from September 2016, there is no discernable difference between number of board members, age, professions of board members in top performing financial institutions and bottom dwellers. Perhaps not. Either way, having Investment-type folks on your board doesn't seem to be the secret sauce to great shareholder returns.

Community Bank 60

Community Bank Community FDIC Dallas 60

Jeff For Banks

JANUARY 12, 2019

So, as was my take from September 2016, there is no discernable difference between number of board members, age, professions of board members in top performing financial institutions and bottom dwellers. Perhaps not. Either way, having Investment-type folks on your board doesn't seem to be the secret sauce to great shareholder returns.

Community Bank 60

Community Bank Community FDIC Dallas 60

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 build-back from the revelations of 2016 was a bit more of a lengthy process.

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

DECEMBER 14, 2021

The Bureau is participating in interagency rulemaking with the Federal Reserve, OCC, FDIC, NCUA and FHFA to develop regulations to implement the amendments made by the Dodd-Frank Act to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) concerning appraisals.

Lending 78

Lending FDIC Regulation Data 78

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

CFPB Monitor

MAY 19, 2016

” The other agencies are the OCC, Fed, FDIC, and NCUA. ” They further state that financial institutions are expected to “effectively manage their deposit reconciliation practices to comply with Regulation CC and other applicable laws or regulations and to prevent potential harm to their customers.”

Policies 60

Policies Regulation FDIC Compliance 60

American Banker

APRIL 29, 2016

When state and federal regulators closed Trust Company Bank in Memphis, Tenn., on Friday, it was only the second U.S. bank failure this year.

Memphis 28

Memphis Regulation Company FDIC 28

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

American Banker

JANUARY 5, 2017

2016 was very good to these financial services executives, who succeeded where others failed, sold their businesses for large sums, felt the love of regulators or could finally breathe a sigh of relief.

Regulation 48

Regulation FDIC Community Bank Regional 48

PYMNTS

JULY 15, 2016

That best day – Prime Day 2016 and you all know the stats. 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.

Retail 100

Retail FDIC Bitcoin Lending 100

Jeff For Banks

DECEMBER 16, 2022

Since 2016, over 50% of total deposits are non-interest bearing, driving superior cost of funds and net interest margin. and Puerto Rico banking laws and regulations. million loss in 2016, just outside the window the JFB Top 5 looks back to determine if it's a turnaround that drove total return. Well done! #3 Virgin Islands.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

American Banker

NOVEMBER 3, 2016

No matter the outcome of the divisive 2016 election, the many regulations still in the pipeline from banking regulators are not going to come to a screeching halt when the next president takes the helm in January.

Regulation 28

Regulation FDIC 28

Jeff For Banks

OCTOBER 29, 2016

In 2016, the median sized financial institution is $1.1 In my firm's most recent podcast , we discussed the recently released FDIC Summary of Deposits data that showed, with all of the negative price surrounding large financial institutions, FDIC-insured banks with >$10 billion in assets moved from an 80.6%

Training 60

Training FDIC Community Resources 60

CFPB Monitor

APRIL 15, 2019

A memorandum issued by the Office of Management and Budget entitled “Guidance on Compliance with the Congressional Review Act” creates a new “speed bump” for final rules issued by the CFPB as well as other independent regulatory agencies such as the Federal Reserve, the FCC, the FDIC, the FTC, and the OCC.

Compliance 68

Compliance Analysis FDIC Report 68

CFPB Monitor

APRIL 15, 2019

A memorandum issued by the Office of Management and Budget entitled “Guidance on Compliance with the Congressional Review Act” imposes a new review process on final rules issued by the CFPB and other independent regulatory agencies such as the Federal Reserve, the FCC, the FDIC, the FTC, and the OCC.

Compliance 60

Compliance Analysis FDIC Report 60

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". Both ROAA and ROAE declined 2016-17, although efficiency is better. Where are we and where have we been? Trends are telling. At September 30, 2017 there were 5,737, a 16% decline. Ski slope down.

Taxes 60

Taxes Regional Industry Trends 60

Independent Banker

FEBRUARY 24, 2016

It’s Community Banking LIVE 2016 in New Orleans. Regulators Luncheon*. For the most current information about Community Banking LIVE 2016. Linkner is a featured general session speaker at Community Banking Live 2016 in New Orleans. So we want our checking accounts to be FDIC insured. Roundtable Discussions.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

PYMNTS

OCTOBER 29, 2018

I’ve often written about this topic over the last several years, well before the 2016 election dominated the headlines about Facebook’s future as a content platform. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Amazon isn’t the only big tech company that should find regulators terrifying.

Payments 196

Payments Google Apple Innovation 196

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. .” Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. In one example, reported on Monday (Sept.

Fraud 347

Fraud Report System FDIC 347