CFPB Monitor

JULY 15, 2020

When the OCC issued its final Community Reinvestment Act (“CRA”) rule on May 20, 2020, the agency acted alone without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued its proposed rule. As to the Federal Reserve Board (“FRB”), it had already bowed out of the CRA reform effort in 2019.

FDIC 78

FDIC Community Bank Community Regulation 78

Abrigo

FEBRUARY 12, 2020

After retailers closed 10,800 stores in 2019, they have already announced new waves of closings as some – not all – retailers pay for their over-expansion or adjust to changes in the way customers shop, the newspaper said. Many banks throughout 2019 had reported tightening CRE standards, too. Watching for CRE red flags.

Lending 195

Lending Trends FDIC Survey 195

ABA Community Banking

MAY 25, 2021

million households were considered “banked” in 2019, with at least one member having a checking or savings account, according to FDIC figures that were highlighted in a new report from the American Bankers Association today on access to the banking system. An estimated 124.2

Report 58

Report FDIC System Community Bank 58

ABA Community Banking

MAY 29, 2019

FDIC-insured banks and savings associations earned $60.7 billion in the first quarter of 2019, an increase of $4.9 billion from the industry’s earnings a year before, the FDIC said today in its Quarterly Banking Profile.

FDIC 61

FDIC Community Bank Community 61

CFPB Monitor

AUGUST 20, 2020

FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion. On July 23, 2020, the FDIC released a podcast entitled “The Role of Minority Banks.” banking system.

Regulation 78

Regulation FDIC Community Lending 78

CFPB Monitor

MARCH 30, 2020

Section 4008 of the CARES Act authorizes the Federal Deposit Insurance Corporation (FDIC) to establish a debt guarantee program to guarantee the debt of solvent insured depository institutions and depository institution holding companies. Section 4012 – Temporary Relief For Community Banks.

Regulation 122

Regulation United States Community Bank National 122

Gonzobanker

MAY 4, 2020

million fundraise including community bank participants Bank of St. Elizabeth, Coastal Community Bank, First Financial Bank, Kearny Bank, Provident Bancorp and Sunwest Bank. Other similar challengers Square and Varo Money received FDIC approval in the past couple months.

Fintech 109

Fintech FDIC Capital Community Bank 109

American Banker

FEBRUARY 25, 2020

The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.

FDIC 85

FDIC Community Bank Community 85

Abrigo

NOVEMBER 9, 2022

Compare this to Abrigo’s 2019 CECL Survey responses, when no banks or credit unions had completed adoption, and less than 7% of all institutions were running parallel allowances. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said.

Survey 195

Survey Software Resources Meeting 195

American Banker

AUGUST 18, 2020

The Japanese conglomerate first applied for deposit insurance in July 2019 and again in May 2020.

FDIC 68

FDIC Community Bank Community 68

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Community banks target growth. Community banks have seen less volatility in noninterest income over time. Types of Noninterest Income. An important source of revenue.

Community Bank 195

Community Bank Community FDIC Trends 195

Abrigo

SEPTEMBER 14, 2022

In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving. Many community banks and credit unions have typically been exempted from this data collection in the past. FDIC Releases Formal and Informal Enforcement Actions Manual. Those implementing regulations were coming.

Lending 195

Lending Data Regulation Community 195

Jeff For Banks

APRIL 14, 2022

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

America 78

America National Denver United States 78