CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” Effective management of credit, operational, compliance, and other risks.

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

Gonzobanker

FEBRUARY 7, 2018

Imagine one big party of more than 1,000 larger bank acquirers, smaller bank potential sellers, salivating investment bankers, and pen-in-hand attorneys full of big grins and big plans for 2018. 2018 Strategies for Bank Execs. The post Acquire or Be Acquired 2018: Breaks, Bulls and Business Models appeared first on Gonzobanker.

Taxes 75

Taxes Video Analytics Arkansas 75

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. Fundation operates as a collaborator rather than a competitor, working with traditional financial institutions to digitize and enhance their own SMB lending operations.

California 122

California Lending FDIC Online 122

Jeff For Banks

OCTOBER 5, 2020

ESB's President was a dominant official with significant control over bank operations and limited oversight by the Board of Directors (Board). 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.

FDIC 78

FDIC Fort Worth Dallas Texas 78

Independent Banker

JULY 31, 2022

from 2016 until its sale in 2018. LeBlanc, Locality Bank’s co-founder, chief operating officer and chief technology officer, previously served 14 years as CTO and chief digital and innovation officer at $8 billion-asset Origin Bank in Choudrant, La.

Florida 91

Florida Community Bank Community FDIC 91

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. Nasdaq: TBBK) Here is this year's list: #1. M&F Bancorp, Inc.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

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). And businesses that deferred moving online or had no reason to operate online have made the leap practically overnight.”. operations with a soft landing of customers to Varo.

Fintech 109

Fintech FDIC Capital Community Bank 109

PYMNTS

FEBRUARY 14, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations.

Oregon 230

Oregon Colorado Operations Washington 230

Abrigo

SEPTEMBER 16, 2019

Is the current period a good time to expand your operations? How do you expect your bank’s capital expenditures on facilities or operations to change over the next 12 months? 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

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Lending 122

Lending Cards FDIC Capital 122

PYMNTS

FEBRUARY 13, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. Cash Dangers.

Oregon 115

Oregon Colorado Operations Washington 115

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. In 2018, the number of banks declined by almost a third to 4,708 institutions. Throughout the decade, one of the biggest changes occurring within the banking industry has been the consolidation of financial institutions.

Lending 195

Lending Fraud Community FDIC 195

PYMNTS

OCTOBER 26, 2018

Fitness tracker sales are forecast to fall by 43 million units in 2018, and are predicted to fall to 39 million total units sold by 2022. CCS further notes that much of the growth in 2018 has been driven by Apple and its smartwatch product. Source: How We Will Pay Report 2018 Edition. Source: How We Will Pay Report 2018 Edition.

Samsung 134

Samsung Apple Study Report 134

PYMNTS

OCTOBER 11, 2017

There should be vying for the consumer’s business under the same rules and regulations that non-depository providers operate under,” Fulmer noted in an interview with PYMNTS. Or, as Pew Charitable Trust pointed out, operating under clear and knowable regulations for all. The Long Walk Ahead. So, stay tuned.

Lending 109

Lending Regulation Guidelines FDIC 109

CFPB Monitor

AUGUST 8, 2019

In December 2018, the CFPB issued proposed revisions to its 2016 final policy on issuing no-action letters, together with a proposal to create a new “product sandbox.”. The blog post concludes with the CFPB’s statement that it is “currently reviewing comments to its proposed No-Action Letter, Trial Disclosure, and Product Sandbox policies.”

Data 60

Data Lending Compliance Policies 60

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

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 186

Policies Capital Report FDIC 186

PYMNTS

MARCH 2, 2018

Which means bitcoin mining operations have come running and “are plugging into that power supply like a swarm of hungry mosquitoes,” according to the mayor. s National Health Service roped their visitors into similar virtual money-minting operations, as have Aviva, the British insurance firm, and Gemalto, the Dutch digital security company.

Bitcoin 104

Bitcoin cryptocurrency Taxes Community 104

Jeff For Banks

DECEMBER 16, 2022

The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. 4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida. billion of total assets, $36.7

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

JULY 16, 2018

Under Armor revealed in early 2018 that it suffered one of the biggest hacks in history after data from 150 million users of its MyFitnessPal diet and fitness app was compromised in February. In April, retailer Hudson’s Bay disclosed that customers at Saks and Lord & Taylor stores in North America have had their payment cards compromised.

Cards 100

Cards Data Digital Banking Retail 100

CB Insights

DECEMBER 4, 2019

Despite charging lower fees, the company failed to gain enough traction with merchants who feared giving Amazon detailed data on their overall business operations. In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. But in October 2015, the company announced it would be shut down.

Cards 101

Cards Lending Strategy US 101

PYMNTS

OCTOBER 29, 2018

Facebook reported on their website that their teams have made progress: They removed 837 million pieces of spam in Q1 2018 before anyone reported it, disabled 583 million fake accounts “within minutes” of going online and removed 24 million inappropriate pictures related to violence and nudity. million such pieces. eBay … and eBay.

Payments 196

Payments Google Apple Innovation 196

FICO

DECEMBER 19, 2018

While the database is not expected to be operational for several years, the FCC did provide for a safe harbor that will protect those that leverage the database from TCPA liability. The latest fall 2018 rulemaking agenda indicates that the BCFP will issue the rule by March. The next step? When will this happen?

Policies 40

Policies District of Columbia Regulation California 40

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 DOJ Finding. So, Now What?

Lending 135

Lending Fraud Management San Francisco 135

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. Even better, regulators have recently begun encouraging the application of these techniques. Federal encouragement starts now.

Regulation 70

Regulation Compliance Analysis Innovation 70