PYMNTS

JANUARY 25, 2019

For big bank loans taken out before April of 2018, prospects of repayment are good, federal banking regulators said on Friday (Jan. However, the portion of loans owed by strongly leveraged borrowers is still high. Reuters reported that the U.S.

FDIC 108

FDIC US Lending Report 108

CFPB Monitor

NOVEMBER 15, 2018

In May 2018, the OCC issued a bulletin intended to encourage its supervised institutions to offer small-dollar loans. The FDIC’s issuance of the RFI signals that the FDIC intends to follow suit. Unlike the FDIC, the OCC did not issue an RFI in advance of issuing its bulletin.

FDIC 60

FDIC Lending National Examples 60

CFPB Monitor

AUGUST 13, 2018

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.

FDIC 68

FDIC Community Lending Guidelines 68

CFPB Monitor

MARCH 25, 2020

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

FDIC 60

FDIC Policies Regulation Training 60

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

FEBRUARY 4, 2019

The amendment was contained in Section 602 of the Economic, Growth, Regulatory Relief and Consumer Protection Act which was enacted on May 24, 2018. Section 602 amended FCRA Section 623 to allow financial institutions to offer a 602 Program.

FDIC 60

FDIC Meeting Report 60

American Banker

MARCH 2, 2020

From 2010 to 2018 the South Carolina bank was on the FDIC's problem bank list, but in the last two years it has been profitable. Dominik Mjartan, the bank's president and CEO, explains how technology upgrades and relationship building helped it get back on track.

South Carolina 79

South Carolina FDIC Technology Community Bank 79

PYMNTS

DECEMBER 3, 2019

The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), FinCEN , the OCC and the Conference of State Bank Supervisors participated in issuing the definitions and guidelines.

Regulation 137

Regulation Guidelines FDIC Conference 137

MyBankTracker

AUGUST 6, 2020

2018 61.92%. 2018 38.94%. 2018 19.73% 44.95%. 2018 19.73% 44.95%. 2018 14.61% 39.90%. Sources: FDIC. 2018, October). 2017 FDIC National Survey of Unbanked and Underbanked Households. Year Percentages. 2016 66.07%. 2017 63.66%. 2019 70.23%. Year Percentages. 2016 35.21%. 2017 36.48%. 2019 45.56.

Survey 52

Survey FDIC United States Study 52

CFPB Monitor

AUGUST 29, 2019

In this podcast, we discuss the FDIC’s observations about its “most salient” consumer compliance exam findings during 2018, including issues relating to Overdraft Programs, Real Estate Settlement Procedures Act (“RESPA”) Section 8, Regulation E, “Skip-A-Payment” or Deferment Loan Programs, and Lines of Credit. (..)

Compliance 60

Compliance FDIC Regulation Payments 60

PYMNTS

FEBRUARY 7, 2020

In the United States, by 2016, it grew to 1 million subscribers and 6 million by October 2018. 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

DECEMBER 2, 2020

Founded in 2018 and launched in October, the all-in-one banking app has a half-million users and is geared toward teenagers and young adults to help them gain financial independence. Step customers get a bank account that is insured by the FDIC, as well as a secured spending card backed by Visa and the P2P payments platform.

Fintech 217

Fintech FDIC Resources Management 217

CFPB Monitor

OCTOBER 9, 2018

On September 13, 2018, the Department issued an Order exempting loan solicitation companies from licensure when they partner with FDIC-insured banks to offer commercial loans.

Vermont 68

Vermont FDIC Regulation Training 68

PYMNTS

JANUARY 10, 2019

US Banking Industry Had No Failures in 2018. FDIC) was founded in 1933 that an entire year went by without a bank going under. Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in the U.K. disappoint. Last year was the first time since 2006 that not one U.S.

Los Angeles 128

Los Angeles FDIC Retail Maine 128

Jeff For Banks

OCTOBER 5, 2020

When the TDB shut them down and the FDIC investigators came in, they had to occupy the church next door because of the smell from the fire. The FDIC issued this guidance in June 2011. The first Report of Examination (ROE) mentioning the presence of a dominant official at Enloe was in 2018.

FDIC 78

FDIC Fort Worth Dallas Texas 78

PYMNTS

DECEMBER 12, 2019

The cash management feature is offered in partnership with a bank, and has debit cards, as well as deposits backed by the Federal Deposit Insurance Corporation (FDIC). It quickly expanded to 1 million subscribers in 2016, and 6 million by October of 2018. Last year’s checking and savings product did not have a bank partnership. .

FDIC 135

FDIC Millennials Management Fintech 135

CB Insights

JUNE 22, 2018

Former chair of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair spoke at length on cryptocurrencies and the prospect of a “Fedcoin” at the annual CB Insights Future of Fintech conference. FUTURE OF FINTECH 2018. Is a new cryptocurrency underway? Get access to all the slides once the conference ends.

cryptocurrency 32

cryptocurrency FDIC Policies Conference 32

PYMNTS

APRIL 6, 2020

But to do that, the bank may have to have its asset cap, placed there by law after a fake accounts scandal in 2018, lifted so it can do more to help, according to the Financial Times. Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP).

DC 132

DC FDIC Lending Capital 132

PYMNTS

JANUARY 24, 2019

” The company pointed to analysis from the FDIC , whose 2018 Small Business Lending Survey found that only a few banks in the U.S. . “Aided with this new capability, Banc of California will be able to offer their local small business customers a market-leading lending program.”

California 122

California Lending FDIC Online 122

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. Capital One Finance Corp.

FDIC 142

FDIC Analysis Lending Data 142

CFPB Monitor

NOVEMBER 2, 2020

The CFPB, OCC, Federal Reserve, FDIC, and NCUA have issued a proposed rule on the role of supervisory guidance. In September 2018, the agencies issued an “ Interagency Statement Clarifying the Role of Supervisory Guidance.” In response to the Statement, the agencies received a petition requesting a formal rulemaking on the subject.

FDIC 78

FDIC Regulation Compliance Risk Management 78

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

Insights on Business

FEBRUARY 22, 2019

1] Source: Accelerating digital transformation in banking, Deloitte, Oct 2018. [2] 2] Source: 2018 U.S. 3] Source: FDIC banking industry data, 1994-2017. Contact your IBM representative to learn more about IBM’s thought leadership in banking digital and branch transformation. Retail Banking Satisfaction Study, JD Power. [3]

Branding 143

Branding FDIC Retail Leadership 143

Jeff For Banks

MAY 21, 2023

or "where were you with this advice in 2017 or 2018?" However, the reference in the book was to a blog post written in 2018, titled Hot Rates, Swipe Left. Also in 2018, in a blog post titled A Time of Reckoning for Your Bank's Core Deposits , I wrote "a business model based on the sleepiness of your depositors is unsustainable."

FDIC 78

FDIC Strategy Marketing Branding 78

Gonzobanker

MAY 4, 2020

I like this bank-acquiring-fintech deal (similar to City National Bank’s August acquisition of FilmTrack and 2018 acquisition of Exactuals). LendingClub/Radius Bank: The acquisition of Radius Bank would bring an FDIC-approved, low-cost source of deposits and broader banking services to LendingClub. SoFi/Galileo: This $1.2

Fintech 109

Fintech FDIC Capital Community Bank 109

Independent Banker

JULY 31, 2022

from 2016 until its sale in 2018. The next month, Locality Bank received final approval for a state charter and FDIC-secured deposit insurance. The process is not easy, but we were able to work effectively with both the FDIC and our Florida Office of Financial Regulation to get through the process in about eight months,” he says.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

JULY 11, 2019

The Bureau’s lawsuit alleged that FDR required consumers enrolled in its debt-settlement program to deposit money into dedicated accounts with an FDIC-insured bank and informed consumers that it would negotiate with creditors to accept less than the amounts actually owed.

FDIC 68

FDIC California Marketing Payments 68

CFPB Monitor

NOVEMBER 22, 2022

The CFPB reviewed complaints submitted to it during the period of October 2018 to September 2022, but noted that the majority of the complaints it received were submitted over the last two years, with the greatest number of complaints submitted by consumers in California and Florida.

Analysis 78

Analysis Fraud Florida FDIC 78

PYMNTS

AUGUST 14, 2019

A July 2018 report from alternative small business lending platform Fundera found that small businesses often use personal cards for business expenses, with 23 percent of business owners admitting to mixing both individual and company purchases on their cards.

Lending 122

Lending Cards FDIC Capital 122

ForwardBanker

JUNE 18, 2018

The post The M&A Market: What to expect in 2018 and into 2019 appeared first on Deluxe FS. What should they be doing if they want to acquire another bank? Let’s look a little closer at this issue. Since 2014 we have seen a return to.

Marketing 36

Marketing FDIC Capital Management 36

Abrigo

SEPTEMBER 16, 2019

The survey for the inaugural index included 512 FDIC banks responding from early in the second quarter through July 5. Banks that had growth of 15% or more in 2018 more frequently reported index values above 145, while banks that experienced negative growth were more likely to report index values below 100. Asset/Liability. Learn More.

Community Bank 150

Community Bank Community Policies Survey 150

PYMNTS

FEBRUARY 19, 2019

months in the first half of 2018, from 5.6 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. months in the first half of 2017. making it one of the nation’s first new community banks in years.

Marketing 108

Marketing Community Community Bank Industry 108

CFPB Monitor

JANUARY 19, 2022

In its press release announcing the withdrawal , the OCC stated that in December 2021, Figure Technologies amended its charter application for Figure Bank, National Association, to offer FDIC-insured deposit accounts. In July 2018, relying on the NBA and Section 5.20(e)(1),

Technology 78

Technology National FDIC Fintech 78

Jeff For Banks

MARCH 31, 2018

These rates were at March 29, 2018. FDIC insured. My colleague recently sent me a link for meetbeam.com , a soon to be released banking app that boasts a 2%-4% rate for your cash, FDIC insured (they are partnering with a bank). I used Wells Fargo because it is a money market fund that I use. By default. They haven't launched.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

PYMNTS

JULY 30, 2019

Average overdraft fees are at $32.53, a slight decline year-on-year between 2017 and 2018, but still objectively high — and, statistically, more likely to affect low-income earners than higher-income earners. Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 or $163 a year. In the general U.S.

Digital Banking 190

Digital Banking ATM Study FDIC 190

Fintech Labs Insights

JUNE 26, 2023

Other than a brief spike in 2018, it’s been 15 years since short-term rates were high enough for most small-to-medium-size businesses (SMB) to worry about chasing yield on their parked cash. Relay FAB Score: 75 – HQ: Toronto – Founded: 2018 – Partner bank: Thread Traction – Raised $19.4M 1,900 reviews) – Trustpilot : 3.5 (613

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

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). While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g.,

Policies 52

Policies Las Vegas FDIC Washington 52