2020, FDIC, Management and Risk Management

Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. .

Risk Management

Risk Management Management FDIC Meeting

7 Highlights from the Latest FDIC Quarterly Banking Profile

Abrigo

SEPTEMBER 13, 2021

Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. Summary of the Latest FDIC Quarterly Profile. FDIC) released the latest Quarterly Banking Profile recently, and it has some helpful information on industry trends. Banking Data. Interestingly, 64.1%

FDIC

FDIC Lending Capital Trends

Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." Loan performance since 2020 Chart 2.

Management

Management Risk Management Policies Lending

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Federal banking agencies issued proposed guidance on risk management for third-party relationships

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Due diligence and third-party selection. Contract negotiation.

Risk Management

Risk Management Management FDIC Compliance

2020 CRE Outlook: Trends Expected to Shape Commercial Real Estate Lending

Abrigo

FEBRUARY 12, 2020

Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. The Mortgage Bankers Association expects 9% growth in CRE originations in 2020. Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead.

Lending

Lending Trends FDIC Survey

The Difference Between a Community Bank and a Big Bank

Jeff For Banks

JANUARY 26, 2023

The FDIC has defined community banks in their December 2020 Community Banking Report that either exclude or include the following criteria: Seems complicated. But the FDIC did confess that a community bank was not easily defined. A big bank makes risk management decisions at headquarters in a location far, far away.

Community Bank

Community Bank Community FDIC Risk Management

AmEx Faces Fed Inquiry On Business Card Sales Tactics

PYMNTS

JANUARY 7, 2021

FDIC) and the Treasury Department are looking to see if American Express Co. The representative noted that the company has been “cooperating with a regulatory review of small business card sales between 2015 and 2016” as of the spring of 2020, according to the paper. “We 7), citing unnamed sources.

Cards

Cards FDIC Policies Risk Management

Independent Loan Review & Credit Risk Review System Objectives

Abrigo

AUGUST 8, 2021

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. 2020 Interagency Guidance. Recommendations for independent loan reviews.

System

System Lending Policies Regulation

CFPB, federal and state bank and credit union regulators warn of increased supervisory scrutiny in joint statement on managing LIBOR transition

CFPB Monitor

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement).

Regulation

Regulation Management FDIC Risk Management

Federal banking regulators issue statement on loan reference rates and advise prompt transition from LIBOR

CFPB Monitor

NOVEMBER 10, 2020

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.”

Regulation

Regulation FDIC New York Lending

CFPB and federal banking agencies issue RFI on the use of artificial intelligence by financial institutions

CFPB Monitor

APRIL 1, 2021

In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML). Uses of AI.

Risk Management

Risk Management Training Lending FDIC

5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. We know 2020 stunk,” he said. “As Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Risk Ratings.

Lending

Lending FDIC Capital Risk Management

5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

JULY 20, 2021

During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. We know 2020 stunk,” he said. “As Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Risk Ratings.

Lending

Lending FDIC Capital Risk Management

Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

CFPB Monitor

NOVEMBER 22, 2022

The Federal Reserve, FDIC, and OCC should finalize the interagency guidance for banks on managing risks associated with third-party relationships that was proposed in July 2021. This includes IDIs acting as lenders in bank/fintech partnerships.

Fintech

Fintech Report Data Lending

Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

JULY 14, 2020

PYMNTS Provider Ranking of Alternative Credit Apps tracks activity in the space, where the top five players have held steady throughout 2020. Taking it from No.1 1 on PYMNTS’ Provider Ranking of alt-lenders, Klarna is making waves with its new loyalty program, Vibe. The account comes with 1.30

Lending

Lending FDIC Minneapolis Utah

Federal banking agencies Issue “Crypto Asset Roadmap” for 2022 guidance; OCC confirms prior interpretive letters on crypto (but adds no-objection requirement)

CFPB Monitor

NOVEMBER 29, 2021

To obtain supervisory non-objection, a bank must demonstrate in writing that it understands any relevant compliance obligations, including under the Bank Secrecy Act, federal securities laws, the Commodity Exchange Act, and consumer protection laws.

Compliance

Compliance cryptocurrency Regulation FDIC

New Year’s Resolutions to Grow Your Financial Institution in 2020

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. Resolve to make quicker loan decisions in 2020. If only it could be that simple. Learn more.

Lending

Lending Fraud Community FDIC

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. By Ed Avis. Methodology. Photo by Steve Puppe.

Community Bank

Community Bank Community National Philadelphia

Consumer Lending Compliance: Hot-Button Issues to Monitor

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Numerous regulatory resources go into detail, including fair lending videos from the FDIC and examination procedures published on the Consumer Financial Protection Bureau’s website.

Compliance

Compliance Lending Risk Management Regulation

The Future of Noninterest Income at Financial Institutions

Abrigo

NOVEMBER 29, 2021

The Consumer Financial Protection Bureau (CFPB) in 2020 ordered TD Bank, N.A. Ally Bank has not only eliminated overdraft fees, but refunded overdraft fees between March and June 2020 as a goodwill gesture to customers challenged by the pandemic. Drive growth with integrated risk management. Portfolio Risk & CECL.

Community Bank

Community Bank Community FDIC Trends

Preparing for Section 1071

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending

Lending Data Regulation Community

Community Banking Brief

Model Risk Management: Regulatory Priorities and Best Practices

7 Highlights from the Latest FDIC Quarterly Banking Profile

Webinars

Trending Sources

Preparing your financial institution to manage loan workouts, loan modifications

Webinars

Federal banking agencies issued proposed guidance on risk management for third-party relationships

2020 CRE Outlook: Trends Expected to Shape Commercial Real Estate Lending

The Difference Between a Community Bank and a Big Bank

AmEx Faces Fed Inquiry On Business Card Sales Tactics

Independent Loan Review & Credit Risk Review System Objectives

CFPB, federal and state bank and credit union regulators warn of increased supervisory scrutiny in joint statement on managing LIBOR transition

Federal banking regulators issue statement on loan reference rates and advise prompt transition from LIBOR

CFPB and federal banking agencies issue RFI on the use of artificial intelligence by financial institutions

5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Treasury report on bank/fintech relationships includes recommendations for CFPB supervision of non-bank installment lenders and data aggregators

Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

Federal banking agencies Issue “Crypto Asset Roadmap” for 2022 guidance; OCC confirms prior interpretive letters on crypto (but adds no-objection requirement)

New Year’s Resolutions to Grow Your Financial Institution in 2020

Who were ICBA’s Top Lenders of 2022?

Consumer Lending Compliance: Hot-Button Issues to Monitor

The Future of Noninterest Income at Financial Institutions

Preparing for Section 1071

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