Independent Banker

JULY 31, 2022

from 2016 until its sale in 2018. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. The next month, Locality Bank received final approval for a state charter and FDIC-secured deposit insurance.

Florida 91

Florida Community Bank Community FDIC 91

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

Marketing 108

Marketing Community Community Bank Industry 108

Abrigo

SEPTEMBER 16, 2019

Dunkleberg is the former dean of Temple’s School of Business and Management and has served as the Chief Economist for the National Federation of Independent Business since 1971. The survey for the inaugural index included 512 FDIC banks responding from early in the second quarter through July 5. Asset/Liability. Credit Risk.

Community Bank 150

Community Bank Community Policies Survey 150

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

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. Total Outstanding.

National 309

National Regulation FDIC Retail 309

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

OCTOBER 8, 2019

According to the Bureau of Labor statistics , as of 2018 (the last full year for which data is available), there were 28.2 Trust is also an issue, particularly for consumers coming from nations where banking services are far less reliable and trusted than in the U.S.,” million foreign-born persons in the U.S.

Community 126

Community United States Meeting Houston 126

PYMNTS

OCTOBER 8, 2019

According to the Bureau of Labor statistics , as of 2018 (the last full year for which data is available), there were 28.2 Trust is also an issue, particularly for consumers coming from nations where banking services are far less reliable and trusted than in the U.S.,” million foreign-born persons in the U.S.

Community 116

Community United States Meeting Houston 116

PYMNTS

MARCH 4, 2019

As quoted in the National Law Review , the councilman, citing data from the FDIC that black and Hispanic households are more likely than their white counterparts to be underbanked or unbanked, has said that “the cashless marketplace sends an exclusionary message — that the impoverished, the homeless, the underbanked, the undocumented need not apply.

Retail 129

Retail New York City New York New Jersey 129

CFPB Monitor

NOVEMBER 8, 2022

Axon Enterprises, an Arizona company that manufactures police body cameras and other law enforcement technology, has been under investigation by the FTC after it purchased a competitor in 2018. Axon sued the FTC in U.S. Beyond Jarkesy and Community Financial Services Association , there is another recent challenge to the FTC in FTC v.

Arizona 78

Arizona FDIC Community Texas 78

Abrigo

JUNE 4, 2019

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard.

Policies 188

Policies Capital Report FDIC 188

CFPB Monitor

AUGUST 26, 2019

On Tuesday, the FDIC released a Notice of Proposed Rulemaking (NPR) that outlines anticipated revisions to its regulations regarding interest rate restrictions that apply to less than well capitalized insured depository institutions. Methodology for Calculating National Rate and Rate Cap. Process for Establishing a Local Rate Cap.

FDIC 60

FDIC National Capital Marketing 60

FICO

DECEMBER 20, 2018

Indeed, we are already starting to see signs of distress among community and regional banks that lack the advertising budgets and sophisticated digital capabilities of the big national banks. In response to this competitive pressure, top 100 banks will invest in an area that has been neglected for too long — deposit pricing strategy.

Trends 73

Trends Lending Fraud Exercises 73

CFPB Monitor

MARCH 26, 2020

The CFPB, OCC, FDIC, Federal Reserve, and NCUA have issued a joint statement “to specifically encourage” banks, savings associations, and credit unions “to offer responsible small-dollar loans to both consumers and small businesses” in response to the COVID-19 outbreak.

FDIC 78

FDIC Lending National Examples 78

CB Insights

DECEMBER 4, 2019

In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. In March 2018, Greenlight Financial announced crossing 100,000 customers, growing its customer base 300% since the investment. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5%

Cards 101

Cards Lending Strategy US 101

Insights on Business

MARCH 5, 2019

On December 3, 2018, five US government agencies, including the Federal Reserve, FDIC, FinCEN, National Credit Union Administration and OCC, issued the Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing encouraging banks to implement innovative approaches and specifically referencing artificial intelligence.

Regulation 70

Regulation Compliance Analysis Innovation 70

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” Section 85) governs the interest national banks may charge. The OCC has rescinded that bulletin and issued a new bulletin (2020-25) that reflects the new interagency guidance.

FDIC 78

FDIC Policies Lending Guidelines 78

Abrigo

NOVEMBER 29, 2021

Once accounting for 46 percent of bank revenue (2003), more recently, noninterest income averages closer to 34 percent (2018). million customers over "deceptive" overdraft enrollment practices between 2014 and 2018, Banking Dive noted in a recent article about growth in overdraft fees. And it is trending downward.

Community Bank 195

Community Bank Community FDIC Trends 195

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

PYMNTS

MARCH 2, 2018

For those not used to thinking about electricity by the gigawatt, the estimates mean this: Even at the low end, bitcoin mining uses as much power as a nation state. The debate is whether that nation state is small (Lithuania-sized), medium (Morocco-sized) or medium-large (Israel-sized). Use of power is not very evenly distributed.

Bitcoin 104

Bitcoin cryptocurrency Taxes Community 104

Jeff For Banks

APRIL 14, 2022

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. The Courage to Act: A Memoir of a Crisis and Its Aftermath 2015 Peter L.

America 78

America National Denver United States 78

PYMNTS

FEBRUARY 14, 2019

In 2018, consumers in Colorado bought some $1.55 Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. billion worth of legal cannabis products. In California , the industry will be worth at least $5.1

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

In 2018, consumers in Colorado bought some $1.55 Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. billion worth of legal cannabis products. In California, the industry will be worth at least $5.1

Oregon 115

Oregon Colorado Operations Washington 115

PYMNTS

OCTOBER 11, 2017

There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions. The Federal Deposit Insurance Corporation’s (FDIC) chairman’s term will come to an end next month, and it’s likely no new guidance will come from there until his permanent replacement is in office.

Lending 109

Lending Regulation Guidelines FDIC 109

FICO

DECEMBER 19, 2018

This month, the FCC approved the creation of a National Reassigned Number Database to address the nearly 100,000 wireless numbers that are reassigned each day. The latest fall 2018 rulemaking agenda indicates that the BCFP will issue the rule by March. In 2018, California became the first state to adopt GDPR-like privacy legislation.

Policies 40

Policies District of Columbia Regulation California 40