2020, FDIC, Operations 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

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

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

Live Demo: How to Achieve Reconciliation Zen

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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

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

Consumer Lending Compliance: Hot-Button Issues to Monitor

Abrigo

NOVEMBER 22, 2021

Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Pandemic Issues.

Compliance

Compliance Lending Risk Management 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). The Joint Statement indicates that in March 2021, the FCA announced that the one-week and two-month U.S.

Regulation

Regulation Management FDIC Risk Management

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 However, lenders might consider SBA options for their customers or members to help shore up the businesses to survive.

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 However, lenders might consider SBA options for their customers or members to help shore up the businesses to survive.

Lending

Lending FDIC Capital Risk Management

Preparing for Section 1071

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Credit Risk Management. CRE Lending.

Lending

Lending Data Regulation Community

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

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

CFPB Monitor

NOVEMBER 22, 2022

While the report does not address “true lender” challenges in bank/fintech lending relationships, it does discuss the risk of “so-called ‘rent-a-charter’ schemes that market themselves as innovative fintech lending platforms, but operate with essentially the same harmful business model as a traditional payday lender.”

Fintech

Fintech Report Data Lending

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. Rowland with Greg Bynum, president and chief operating officer.

Community Bank

Community Bank Community National Philadelphia

Community Banking Brief

Model Risk Management: Regulatory Priorities and Best Practices

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

Webinars

Trending Sources

Preparing your financial institution to manage loan workouts, loan modifications

Webinars

The Future of Noninterest Income at Financial Institutions

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

Consumer Lending Compliance: Hot-Button Issues to Monitor

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

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

Preparing for Section 1071

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

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

Who were ICBA’s Top Lenders of 2022?

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