CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

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

Perficient

AUGUST 16, 2023

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. In 2019, it expanded by buying its fourth branch from a competitor. Background On Friday, July 28, Heartland Tri-State Bank of Elkhart became the fourth U.S.

United States 221

United States Kansas FDIC Risk Management 221

Bank Innovation

JANUARY 26, 2020

Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank. New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders.

New York City 243

New York City FDIC New York Innovation 243

ABA Community Banking

DECEMBER 16, 2020

The FDIC today released a large-scale Community Banking Study that examines community bank performance between year-end 2011 and year-end 2019. The post FDIC Publishes Wide-Ranging Community Banking Study appeared first on ABA Banking Journal.

Community Bank 69

Community Bank FDIC Study Community 69

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

Bank Innovation

DECEMBER 27, 2018

Bank Innovation's list of people to watch in 2019 include the head of a large bank, the head of a community bank, a regulator, an investor with money to burn and the head of one of the biggest fintechs in the industry. The people on the list were chosen by BI's editors and are listed in […].

Community Bank 170

Community Bank Community Regulation Innovation 170

ABA Community Banking

DECEMBER 9, 2020

The FDIC today released a new staff study highlighting how economies of scale developed at community banks (those with $10 billion or less in assets) between 2000 and 2019. The post FDIC Analysis Examines Community Bank Economies of Scale appeared first on ABA Banking Journal.

Community Bank 69

Community Bank FDIC Analysis Community 69

CFPB Monitor

APRIL 4, 2019

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts.

FDIC 68

FDIC Technology Guidelines Security 68

Bank Innovation

FEBRUARY 12, 2020

As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% since June 30, 2019, and 6.5% In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway.

FDIC 243

FDIC US Retail Digital Banking 243

CFPB Monitor

JANUARY 24, 2019

A group of 13 state attorneys general and the District of Columbia AG have sent a letter to the FDIC commenting on the agency’s request for information on small-dollar lending. They recommend that “the FDIC discourage banks from entering into these relationships in any guidance it issues on small-dollar lending.”.

FDIC 74

FDIC Lending District of Columbia Compliance 74

CFPB Monitor

JUNE 27, 2019

On July 25, 2019, from 2:00 p.m. ET, the FDIC and CFPB will co-host a webinar to outline strategies to address and prevent elder financial abuse. In March 2019, the CFPB’s Office of Financial Protection for Older Americans issued a report on combating elder abuse. to 3:00 p.m.

FDIC 60

FDIC Trends Strategy Regulation 60

MyBankTracker

AUGUST 6, 2020

banks in 2019. of respondents in 2019 Percentage of respondents who’ve had a daily balance of less than $1,000. 2019 70.23%. 2019 45.56. 2019 17.29% 50.71%. 2019 17.40% 39.16%. Sources: FDIC. 2019, June). 2017 FDIC National Survey of Unbanked and Underbanked Households. Year Percentages.

Survey 52

Survey FDIC United States Study 52

CB Insights

MAY 27, 2020

Mercury , which provides startups with FDIC-insured bank accounts. The post Here Are The Most Active Fintech Investors Since 2019 appeared first on CB Insights Research. We take a look at the top VCs that were most active over Q1’19 to Q1’20, ranked by the number of unique fintech company investments.

Fintech 92

Fintech FDIC Trends Capital 92

CFPB Monitor

AUGUST 12, 2021

In December 2019, the CFPB, OCC, Federal Reserve Board, FDIC, and NCUA issued an “ Interagency Statement on the Use of Alternative Data in Credit Underwritin g,” that forth the agencies’ recognition of the benefits of using alternative data in credit decisions.

FDIC 103

FDIC Payments Examples Data 103

FICO

DECEMBER 20, 2018

For my predictions, I’ll focus on four areas of tactical concern within consumer banking that I feel confident bank executives will make significant progress addressing 2019. We began to see a resurgence in small-dollar lending in 2018 with new regulatory guidance from the OCC and FDIC encouraging banks to compete with payday lenders.

Trends 73

Trends Lending Fraud Exercises 73

PYMNTS

FEBRUARY 19, 2020

The research filtered data from the Federal Deposit Insurance Corporation (FDIC). trillion in 2019, JLL said. Bank said it was planning to close 196 branches in 2019, but is also opening 10. New branch applications from Chase totaled 43 percent of all new establishments for 2019. There was a 2.2 markets in the study.

New York 167

New York North Carolina US New York City 167

PYMNTS

JUNE 9, 2020

percent APY, an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,” per the announcement. Additionally, it noted that 70 percent of Americans had less than $1,000 in savings in 2019.

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

OCTOBER 19, 2020

residents in the near future, PYMNTS writes, according to a report by the Federal Deposit Insurance Corp (FDIC). percent in 2019, but it could skyrocket due to the pandemic's recession and surging unemployment numbers. There's expected to be a wide swathe of unbanked U.S.

FDIC 140

FDIC Resources Cards Payments 140

PYMNTS

FEBRUARY 7, 2020

Since November 2019, about 60,000 UK users have signed up for the service, according to the Financial Times Thursday (Feb. As of December of 2019, Robinhood is now at 10 million subscribers. The UK launch is anticipated for early this year since it has obtained regulatory approval.

United States 150

United States FDIC Millennials cryptocurrency 150

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.

Lending 195

Lending Trends FDIC Survey 195

FICO

JANUARY 6, 2020

Here are the 5 customer development posts from 2019 with the most views on the FICO Blog. Consumer Banking Predictions 2019: Four Trends to Watch. In 2019, it will become increasingly clear that these transformation projects require more than just new technology, they also require significant organizational changes.”. .

Data 52

Data Analytics Lending Trends 52

CB Insights

MAY 7, 2019

Discussion with senior regulators including the Commissioner of the SEC and the Former Chair of the FDIC. The post The Future Of Fintech 2019: Check Out The Full Agenda appeared first on CB Insights Research. Interviews with the next gen of unicorns including: Acorns, Betterment, Upgrade, Cross River Bank, Oriente, & Wefox .

Fintech 36

Fintech FDIC Trends Capital 36

PYMNTS

NOVEMBER 9, 2020

million households lacked access to bank accounts as of 2019. percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example. In the U.S.,

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

JANUARY 29, 2020

Joust accounts are also FDIC-insured and are combined with a merchant account. and by 2027, more than 50 percent of the country’s workforce is anticipated to freelance in some manner, according to 2019 data by Upwork and the Freelancers Union. Launched in 2019, the Joust Visa debit card can also be managed within the app.

Austin 131

Austin FDIC Analytics Texas 131

Jeff For Banks

JANUARY 14, 2021

When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. Banks and savings banks with greater than $10 billion in total assets control 86% of all FDIC-insured assets and 85% of deposits for the most recent quarter. It was a pretty alarming slide.

Community Bank 130

Community Bank Community FDIC Strategy 130

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

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

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. billion: the amount of money lent to farm businesses as of March 2019 , a 17.5 That growth rate has been declining: In December 2015, it was 6.4

FDIC 142

FDIC Analysis Lending Data 142

CFPB Monitor

JANUARY 6, 2020

Midland Funding. Click here to read our blog about the proposals.). On January 31, the Task Force on Financial Technology will hold a hearing entitled, “Is Cash Still King?

Mobile 78

Mobile FDIC Payments Community 78

PYMNTS

JANUARY 13, 2021

According to the report, SMBs increased their use of debit cards from 34 percent in 2019 to 42 percent in 2020. FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co.

Cards 167

Cards Apple FDIC Samsung 167

Abrigo

NOVEMBER 11, 2019

Bankers since the financial crisis have become accustomed to seeing language like the following: “The FDIC is re-emphasizing the importance of prudent interest rate risk oversight and risk management processes to ensure FDIC-supervised institutions are prepared for a period of rising interest rates.” FDIC FIL-46-2013 October 8, 2013.

Management 150

Management FDIC Community Risk Management 150

CFPB Monitor

APRIL 8, 2019

The Federal Financial Institutions Examination Council (FFIEC) announced that CFPB Director Kathy Kraninger became the Chairman of the FFIEC on April 1, 2019. The FFIEC chairmanship rotates among the FFIEC’s federal members for two-year terms in the following order: OCC, Federal Reserve, FDIC, CFPB, and NCUA. As Chairman, Ms.

FDIC 68

FDIC System Report Company 68

CFPB Monitor

DECEMBER 5, 2022

When not being used to originate loans, deposited funds would be held in an FDIC-insured account or an account insured by Lloyd’s of London, or backed by a “cash alternative” or “cash equivalent.” CD Accounts paid interest at rates between 5-6.25% for years prior to 2019.

Marketing 78

Marketing FDIC Security Payments 78

PYMNTS

JANUARY 7, 2021

“GO2bank is built to be the go-to destination for seamless, affordable, useful banking — combining the security, stability and experience of an FDIC-insured bank with the innovation and agility of a leading FinTech,” Green Dot Corp. CEO Dan Henry said in a press release. Stimulus Checks Pose Issues For H&R Block, TurboTax .

California 142

California FDIC Regional Taxes 142

PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. consumers owned smartphones as of 2019, and the use of mobile solutions that do not rely on bank account access — including mobile wallets — is also increasing. percent in 2017 to 34 percent in 2019,” the Tracker states. A recent Federal Deposit Insurance Corp.

Mobile 202

Mobile Study Tools FDIC 202

CFPB Monitor

NOVEMBER 18, 2019

The Subcommittee on Consumer Protection and Financial Institutions of the House Financial Services Committee has scheduled a hearing entitled “ An Examination of Regulators’ Efforts to Preserve and Promote Minority Depository Institutions ” on November 20, 2019. Betty Rudolph, FDIC National Director for MDIs and CDFIs.

FDIC 68

FDIC Regulation Resources Community 68