CFPB Monitor

MAY 28, 2020

For the reasons discussed in our prior blog post , the proposal represents a significant development for fintech companies and other commercial companies seeking to establish ILCs. The FDIC’s action extends the comment deadline from June 1, 2020 to July 1, 2020.

FDIC 78

FDIC Fintech Industry Company 78

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time.

Risk Management 221

Risk Management United States FDIC Compliance 221

CFPB Monitor

NOVEMBER 15, 2018

The FDIC’s issuance of the RFI signals that the FDIC intends to follow suit. A glaring regulatory impediment to small-dollar lending by FDIC-supervised institutions is the FDIC’ s November 2013 guidance on deposit advance products , which effectively precludes FDIC-supervised institutions from offering deposit advance products. (In

FDIC 60

FDIC Lending National Examples 60

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. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. The FDIC said that the percentage of loans and securities with maturities of three or more years hit the highest percentage in the 18 years of data records, rising to 34.6 Community banks have grown their share of longer-term assets even more quickly than the rest of the industry, according to the FDIC.

FDIC 150

FDIC Lending Community Bank Industry 150

Chris Skinner

AUGUST 20, 2019

Things we’re reading today include … Monzo customers to receive salaries a day early under new feature from app-only bank Bank branches could fall below 800 after cuts 300 in three years JPMorgan metals trader pleads guilty to spoofing, resigns from bank FDIC approves Volcker revamp, in latest move to … The post Things worth reading: (..)

FDIC 171

FDIC 171

CFPB Monitor

MAY 22, 2020

Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. We will share our reactions to the final rule in subsequent blog posts. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

Realwired Appraisal Management Blog

APRIL 29, 2024

Not the warm and fuzzy kind, but the kind regulators demand – the kind that keeps the FDIC and OCC off your doorstep with their clipboards and furrowed brows. Let’s talk trust. In banking, trust boils down to risk management. You’ve got policies, procedures, a mountain of acronyms (KYC, AML, BSA, anyone?), but how do […]

FDIC 59

FDIC Risk Management Policies Regulation 59

CFPB Monitor

SEPTEMBER 23, 2019

I don’t understand why Professor Levitin is attacking the OCC and FDIC for filing an amicus brief in an “obscure small business bankruptcy case to which a bank was not even a party.” The brief was an exceptional piece of drafting and analysis and the banking agencies do not deserve to be denigrated for a supposed lack of class here.

FDIC 60

FDIC National System Analysis 60

CFPB Monitor

SEPTEMBER 23, 2019

I don’t understand why Professor Levitan is attacking the OCC and FDIC for filing an amicus brief in an “obscure small business bankruptcy case to which a bank was not even a party.” The brief was an exceptional piece of drafting and analysis and the banking agencies do not deserve to be denigrated for a supposed lack of class here.

FDIC 60

FDIC National System Analysis 60

Perficient

DECEMBER 27, 2023

Additionally, the recent rule by the OCC, the Federal Reserve, and the FDIC strengthens and modernizes Community Reinvestment Act (CRA) regulations. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. 

Compliance 221

Compliance FDIC Regulation Fraud 221

Realwired Appraisal Management Blog

APRIL 15, 2024

He deals with FDIC audits, ROVs and gets pinged by his RMs. Steve is a Chief Appraiser of a $40B bank in the Southeast. He’s got a lot on his plate – strategic planning, quality control, vendor management, risk management and stakeholder communication within the appraisal department.

FDIC 59

FDIC Risk Management Management 59

CFPB Monitor

AUGUST 3, 2023

Yesterday, we published a blog post in which I urged the CFPB to agree to extend the relief granted by the Texas federal district court in the lawsuit challenging the CFPB’s final small business lending rule (Rule) to all entities covered by the Rule.

Texas 78

Texas Lending FDIC Compliance 78

PYMNTS

DECEMBER 11, 2020

London challenger bank Revolut has rolled out four new cryptocurrencies — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. Token holders receive a reward for taking part in the proof-of-stake consensus mechanism,” the blog post said.

cryptocurrency 214

cryptocurrency blockchain FDIC Bitcoin 214

Abrigo

JANUARY 4, 2023

"The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Of course, crypto is not insured by the Federal Deposit Insurance Corporation (FDIC) and is a risky investment. Financial Crime.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

DECEMBER 11, 2020

London challenger bank Revolut has rolled out four new crypto tokens — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. Token holders receive a reward for taking part in the proof-of-stake consensus mechanism,” the blog post said.

cryptocurrency 150

cryptocurrency blockchain FDIC Bitcoin 150

CFPB Monitor

OCTOBER 31, 2014

Fisher Recently the CFPB joined the FDIC’s program against financial abuse of senior citizens by cooperating on the creation of a Spanish language tool for Hispanic seniors. We have previously blogged about the CFPB’s initiatives to prevent elder financial abuse. n Financiera , is the latest offering.

FDIC 74

FDIC Tools Resources Policies 74

CFPB Monitor

NOVEMBER 12, 2020

As our blog readers may recall, Ms. Banking and Securities Regulators (includes FDIC, Federal Reserve, NCUA). Gary Gensler , who is with the Massachusetts Institute of Technology, will serve as team leader. The team leaders include the following individuals: CFPB. Treasury Department.

FDIC 97

FDIC Massachusetts New York Policies 97

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

MARCH 3, 2022

According to FDIC data, in 2016, commercial banks reported 23 million total small business loans, an increase of 4 million from 2010, with an aggregate loan balance unchanged of just over $627 billion. Changing Lending Environment. Small businesses are turning to small lenders. Stay up to date with small business lending. Watch Webinar.

Lending 195

Lending Community Marketing Community Bank 195

Perficient

FEBRUARY 16, 2022

Although not stated, FDIC insurance of stablecoin deposits would almost have to be required. Readers of this blog may access the full 26-page research paper, without a paywall, here. Further Reading.

New York 294

New York cryptocurrency Security FDIC 294

CFPB Monitor

JANUARY 6, 2020

Click here to read our blog about the proposals.). Midland Funding. 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

CFPB Monitor

NOVEMBER 30, 2023

This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). . Continue Reading

Community 147

Community Regulation System FDIC 147

Abrigo

MARCH 25, 2020

The FDIC chairman had earlier asked FASB to exclude coronavirus-related modifications from being labeled a concession when determining a TDR, saying that while regulators encouraged working with borrowers, institutions worried modifications would trigger a TDR classification. Modifications not automatically TDRs. Asset/Liability. Learn More.

FDIC 150

FDIC Regulation Exercises Community 150

CFPB Monitor

AUGUST 20, 2020

This blog post contains a summary of those efforts. 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. banking system.

Regulation 78

Regulation FDIC Community Lending 78

Abrigo

JULY 10, 2023

The FDIC offers resources tailored toward older individuals, and you can order free brochures from the Consumer Financial Protection Bureau to hand out to your clients. As technological advancements progress, the need for heightened vigilance and security measures within your financial institution becomes increasingly paramount.

Fraud 150

Fraud How To social media Security 150

Long Lasting Ideas

AUGUST 15, 2018

A couple of years back in this blog, we noted with more than a dash of skepticism that the FDIC was trying to make it easier for new banks to test the financial waters.

FDIC 51

FDIC Marketing Strategies Strategy Marketing 51

CFPB Monitor

DECEMBER 3, 2015

A blog post about payday lending, “Reframing the Debate about Payday Lending,” posted on the New York Fed’s website takes issue with several “elements of the payday lending critique” and argues that more research is needed before “wholesale reforms” are implemented.

Lending 60

Lending Study New York Kansas 60

PYMNTS

DECEMBER 16, 2018

Robinhood’s new products aren’t insured by the FDIC but do have the protection of the Securities Investor Protection Corp. We believe you should earn more on your money, and shouldn’t be charged fees to access it,” Robinhood said in its blog post at the time.

FDIC 191

FDIC Fintech Regulation Report 191

Abrigo

SEPTEMBER 16, 2019

The survey for the inaugural index included 512 FDIC banks responding from early in the second quarter through July 5. CSBS has also issued the third-quarter survey to bankers and expects to release the index findings at the Community Bank Research and Policy Conference , which it co-hosts with the FDIC and the Federal Reserve, on Oct.

Community Bank 150

Community Bank Community Policies Survey 150

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The FDIC’s “Problem List” dropped to 291 institutions, from 329 in 2013. Blog Bank Credit Union' While the ratio of reserves to total loans and leases dropped to 1.48

Community Bank 150

Community Bank Community FDIC Industry 150

Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The FDIC’s “Problem List” dropped to 291 institutions, from 329 in 2013. Blog Bank Credit Union' While the ratio of reserves to total loans and leases dropped to 1.48

Community Bank 150

Community Bank Community FDIC Industry 150

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. If you missed any presentations, catch up on our blog from Day 1 here. Check back for new updates throughout the day. finovate Tweets.

social media 40

social media ATM Mobile Customer Experience 40

Abrigo

JUNE 11, 2021

FDIC) noted in its 2021 Risk Review. As recently as May 2021, regulators identified interest rate risk as among the key risks in the economy, financial markets, and the banking industry that could affect insured institutions. check out Webinars. Asset Liability Modeling. Asset/Liability. Portfolio Risk & CECL. Learn More. Asset/Liability.

How To 195

How To Risk Management Analysis Kansas City 195

Abrigo

DECEMBER 23, 2014

Banks and credit unions continued loan growth after the lows of the economic downtown, as recently highlighted by the FDIC and OCC. Sageworks compiled the most popular blog posts of 2014 as an indicator of what piqued bankers’ interest, and interestingly enough, all were related to the ALLL. Blog Bank Credit Union'

FDIC 170

FDIC Trends Video How To 170

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150