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

Perficient

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates.

Risk Management 221

Risk Management United States FDIC Compliance 221

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

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. Unlike the proposal, does not contain benchmarks for the CRA evaluation measure, a specific community development lending and investment minimum, or thresholds for the retail lending distribution tests.

FDIC 78

FDIC Lending Retail Compliance 78

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. Controversial Provisions.

Lending 195

Lending Data Regulation Community 195

Abrigo

JULY 22, 2022

Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Takeaway 3 Financial institutions should notify the FDIC of crypto-related activity and be familiar with the risks of the cryptocurrency world. . Crypto turbulence.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Community banks are critical to ag lending and small business lending. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Even though community banks make up a small share of total assets and deposits, 13.5%

Community Bank 195

Community Bank Community Kansas City Lending 195

CFPB Monitor

MAY 7, 2020

The CFPB’s annual fair lending report covering its 2019 activities is scheduled to be published in tomorrow’s Federal Register. The Bureau states that an area of innovation that it is monitoring for fair lending and credit access issues is “artificial intelligence (AI), and more specifically, machine learning (ML), a subset of AI.”

Lending 78

Lending Report FDIC Policies 78

Abrigo

APRIL 21, 2020

Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. Lending & Credit Risk.

Lending 195

Lending Capital Minnesota FDIC 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios.

FDIC 186

FDIC Risk Management Analysis Lending 186

Abrigo

OCTOBER 28, 2022

Overall, FDIC-insured commercial banks and savings institutions aren’t seeing dramatic increases in net charge-offs ( Chart 1 ) or rates related to declining asset quality ( Chart 2 ), such as past-due rates and rates for non-current loans. Construction Lending. Lending & Credit Risk. Lending & Credit Risk.

Management 195

Management Risk Management Policies Lending 195

Abrigo

DECEMBER 13, 2019

To avoid this inconsistent, “wild west” mentality on rates and returns and create a more reliable process with more money to lend out, then institutions must strategically price to earn a specific loan return on equity (ROE) and/or return on assets (ROA). Lending & Credit Risk. Lending Regulation. Are accounts growing?

How To 195

How To Lending Strategy Regulation 195

Abrigo

DECEMBER 19, 2019

In 2020, we will likely see financial institutions putting more emphasis on automating time-consuming, manual processes that bog down lending decisions. By automating these mundane, laborious tasks, lenders and credit analysts are then able to focus their time on the borrower or member and make faster, more efficient lending decisions.

Lending 195

Lending Fraud Community FDIC 195

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.

Regulation 78

Regulation FDIC Community Lending 78

Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. The Federal Reserve, the OCC, the NCUA, and the FDIC repeatedly pointed out that the nature of loan review or credit risk review at a given bank or credit union will vary. Reviewing lending staff’s risk ratings. Identifying Credit Weaknesses. Independent Assessment.

System 195

System Lending Policies Regulation 195

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

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

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., The Act requires federal banking agencies (the OCC, FDIC and Federal Reserve – “Agencies”) to conduct periodic reviews of each depository institution’s efforts in this area.

Lending 74

Lending Data Community FDIC 74

CFPB Monitor

AUGUST 24, 2020

We have previously blogged about the lawsuits filed by the Colorado Attorney General against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank. Supreme Court, a Colorado appellate court (after any chance for appeal has run) or the FDIC adopts a “true lender” test that differs from the safe harbor).

Colorado 78

Colorado Fintech Lending Online 78

Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

MARCH 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. Frohwein had said in a blog post that also circulated three weeks ago that a three-week global quarantine would be a way to combat the pandemic. “It

Lending 151

Lending FDIC Fintech Operations 151

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Jeff Note: I make no investment recommendations in this article or this blog.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

PopularBank

DECEMBER 11, 2023

PAB has provided banking and lending services to community associations since 1994. PAB has an active lending platform in over 30 states. Carlos Hernandez Named New Division Manager. appeared first on Blog Popular Bank.

Management 52

Management Florida Community Leadership 52

CFPB Monitor

JUNE 22, 2022

In this blog post, we continue to explore the Proposal in more detail by discussing some key differences between the Rescinded Rule and the Proposal, namely differences in(1) how banks delineate assessment areas; (2) the evaluation framework used; and (3) data collection and data retention requirements. (1) Performance Tests and Standards.

Regulation 78

Regulation Community Lending Retail 78

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. For more help dealing with regulatory challenges, visit Sageworks’ resources section.

Regulation 150

Regulation FDIC Survey Community Bank 150

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

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

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). Fair lending.

Risk Management 78

Risk Management Training Lending FDIC 78

CFPB Monitor

FEBRUARY 23, 2022

The agencies consist of the CFPB, FDIC, OCC, Federal Reserve Board, NCUA, HUD, DOJ, and FHFA. In a blog post about the Interagency Statement , the CFPB noted that “[c]reating programs that work to serve disadvantaged individuals and small businesses can provide an important means of addressing unmet needs while strengthening communities.”

Regulation 78

Regulation Lending FDIC Compliance 78

CFPB Monitor

JULY 9, 2020

The OCC’s decision to hurriedly issue the final rule on May 20, 2020 without achieving consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule, has drawn the ire of both consumer advocacy groups and Congress. This is the third in a series of five blog posts about the OCC’s CRA final rule.

Groups 140

Groups Community FDIC California 140

Abrigo

MARCH 17, 2015

According to the latest FDIC Quarterly Banking Profile, community banks continue to thrive and lead the industry. Relationship-based lending can benefit both parties of the transaction. Blog Bank Credit Union' As more banks turn profitable – 90.3

How To 150

How To Community Bank Community FDIC 150

Abrigo

FEBRUARY 16, 2015

Over the course of the last five years, the researchers noted that community banks'' market share (by assets) fell 12 percent, as well as lost momentum in market share in several lending categories. Blog Bank Credit Union'

Community Bank 150

Community Bank Community Regulation Lending 150

CFPB Monitor

AUGUST 8, 2019

A new CFPB blog post titled “ An update on credit access and the Bureau’s first No-Action Letter ” provides a boost to lenders using alternative data and machine learning in their underwriting models. In its blog post, the CFPB shares results provided by Upstart of simulations and analyses it conducted pursuant to that plan.

Data 60

Data Lending Compliance Policies 60

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. International lending platform – Create opportunities for Investors. 2015 formed aspire to address inefficiencies in alternative lending market. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank.

social media 40

social media ATM Mobile Customer Experience 40

CFPB Monitor

JUNE 15, 2020

According to the agency’s press release , the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services.

Community 60

Community FDIC Lending Examples 60

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. That 13% represented 80% of the losses to the FDIC insurance fund. How did we get here?

Risk Management 150

Risk Management Management Capital Lending 150