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

CFPB Monitor

MAY 22, 2020

The final rule applies to national banks and federal savings associations. 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.

FDIC 78

FDIC Lending Retail Compliance 78

Perficient

FEBRUARY 16, 2022

Over the last 90 days, we have let clients know about the federal banking regulators planned cryptocurrency road map , explained what steps national banks need to take to begin crypto activities , provided thoughts on the possibility of a U.S. Although not stated, FDIC insurance of stablecoin deposits would almost have to be required.

New York 294

New York cryptocurrency Security FDIC 294

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

SEPTEMBER 16, 2019

Dunkleberg is the former dean of Temple’s School of Business and Management and has served as the Chief Economist for the National Federation of Independent Business since 1971. The survey for the inaugural index included 512 FDIC banks responding from early in the second quarter through July 5. Asset/Liability. Credit Risk.

Community Bank 150

Community Bank Community Policies Survey 150

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

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

Cisco

JULY 12, 2022

a few agencies include the Federal Reserve (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller (OCC), and the Consumer Financial Protection Bureau (CFPB). In the U.S. IT Governance in Financial Services. Infrastructure Management.

Regulation 71

Regulation FDIC System Software 71

Abrigo

APRIL 23, 2015

OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. Blog Bank Credit Union' The bill, spearheaded by Senator Joe Donnelly, D-Ind., and Senator Pat Toomey, R-PA., Bankers and credit union professionals can take the 2015 Bank and Credit Union Exam Survey here.

Community Bank 150

Community Bank Community Survey FDIC 150

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. Companies such as Adidas, Carrefour, Cisco Systems, Danone, Fujitsu, Lufthansa Flight Training, Siemens, Société Générale and the United Nations use Liferay. If you missed any presentations, catch up on our blog from Day 1 here. Visit us at www.liferay.com.

social media 40

social media ATM Mobile Customer Experience 40

Abrigo

MARCH 17, 2015

According to the latest FDIC Quarterly Banking Profile, community banks continue to thrive and lead the industry. percent achieved that threshold in the fourth quarter of 2014 – they aren’t just competing with large, national banks; their community bank counterparts also account for much of their competition. Blog Bank Credit Union'

How To 150

How To Community Bank Community FDIC 150

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). Blog Bank Credit Union'

Community Bank 150

Community Bank Community Regional Cleveland 150

Abrigo

JUNE 2, 2021

Learn more by watching the webinar, "BSA Exam Prep 101: Hot Topics". keep me informed. Watch Webinar. BSA Rules and Regulation. BSA Training. Customer Due Diligence. Hot Topics: How to Prepare for Your Next BSA Exam. Learn More. BSA Rules and Regulation. AML Act of 2020: Key Steps to Take Now for BSA Readiness. Learn More. BSA Training.

How To 195

How To Training Compliance Policies 195

CFPB Monitor

OCTOBER 1, 2018

1010.100(d) — and their subsidiaries which are subject to the jurisdiction of the OCC, Federal Reserve, FDIC, or NCUA. 5318(l) for certain premium finance loans. The Order applies to “banks” — as defined at 31 C.F.R. loan volume is quoted and recorded electronically.”

Regulation 60

Regulation FDIC Policies Compliance 60

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. The new data reporting plan is available for public comment now, and if passed, would likely take affect for Q4 or first quarter 2016 call reports.

Community Bank 150

Community Bank Community FDIC Survey 150

Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. In the above blog post, I discussed Apple and Bank of New York Mellon. Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist?

Apple 65

Apple Millennials Massachusetts FDIC 65

CFPB Monitor

JUNE 15, 2020

This is the first in a series of five blog posts about the final rule and related topics that we will publish in the next few weeks. The OCC acted alone in issuing the final CRA rule without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule. On June 22, 2020, from 12:00 p.m.

Community 60

Community FDIC Lending Examples 60

Jeff For Banks

DECEMBER 26, 2012

This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. Another interesting fact is that Access National''s management team, which owns 15% of the bank, is relatively young, ranging in age between 41 and 53 years old.

Texas 78

Texas National FDIC Capital 78

MyBankTracker

AUGUST 5, 2020

From PSECU, examples include: Deposit accounts with no fees to open and maintain ATM rebates Low interest rates on loans and credit cards Cash reward debit and credit cards An arguable downside is the significantly fewer number of physical locations compared to the nation’s largest banks, which tend to operate extensive branch networks.

Pennsylvania 52

Pennsylvania ATM FDIC Cards 52

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. Because the nation's balance sheet and income statement is not improving. In a past blog post I wrote about the PEG ratio (P/E divided by EPS growth), and to keep an eye out for anything that moves too far from 1. Where are we and where have we been? Ski slope down.

Taxes 60

Taxes Regional Industry Trends 60

Jeff For Banks

MAY 20, 2017

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. The Great Recession lasted from the fourth quarter 2007 through the second quarter 2009, according to the National Bureau of Economic Research. Maybe sub out an economist or two.

Lending 60

Lending Regulation Community Community Bank 60

Jeff For Banks

DECEMBER 23, 2016

But this is a bankers' blog, and I want to remain topical. For example, what if Schmidlap National Bank and Pipefitters Local CU teamed up to end poverty in their local market? Most readers are accustomed to me being analytical. Searching for trends and truths in a sea of numbers. But let's focus on the good, shall we?

Taxes 60

Taxes Meeting Resources FDIC 60

MyBankTracker

NOVEMBER 19, 2020

Why we like it: Earn one of the nation’s top money market rates with no monthly fees. Deposit Insurance Fund (DIF): Protecting Deposits in Addition to FDIC Insurance. CIT Bank Money Market Account. The Money Market Account has no monthly fees and the interest rate on the account is among the best in the market.

Banking 2020 52

Banking 2020 ATM Online Marketing 52

Filene

JULY 15, 2016

I sat down with Adam Lee , Filene's Incubator Director, to follow up on the blog post he wrote last week about the ongoing payday lending proposed regulations debate, to go a bit deeper into the issue. The FDIC survey found 54% of black and 46% of Hispanic households to be un- or underbanked, well above the national average of 28%.

Community 28

Community FDIC Meeting Lending 28

Abrigo

NOVEMBER 22, 2021

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. However, according to the FDIC , they can be deemed as such based on their information sharing practices. Watch "Consumer Lending 101". keep me informed.

Compliance 195

Compliance Lending Risk Management Regulation 195

PopularBank

DECEMBER 11, 2023

Molly has been with Popular Bank since 2005 and was instrumental in growing PAB into a $2 Billion loan portfolio business and the national platform it is today. Carlos Hernandez Named New Division Manager. appeared first on Blog Popular Bank. Billion in deposits.

Management 52

Management Florida Community Leadership 52

CFPB Monitor

MAY 7, 2020

In 2019, in addition to the Bureau’s three referrals to the DOJ, the FDIC referred two matters and the Federal Reserve and the NCUA each referred one matter. In 2019, in addition to the Bureau’s three referrals to the DOJ, the FDIC referred two matters and the Federal Reserve and the NCUA each referred one matter.

Lending 78

Lending Report FDIC Policies 78

MyBankTracker

DECEMBER 17, 2020

Woodforest National Bank Large branch network. TCF National Bank Focus on financial wellness and literacy. The Best National Bank category includes banks or credit unions with 1,000 or more branches. Here are the fees from the top national banks: Out-of-Network ATM Fees at the Top U.S. Winners Why. Winners Why.

ATM 52

ATM Cards FDIC Online 52

CFPB Monitor

JUNE 25, 2020

This is the second in a series of five blog posts about the final rule. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule. To read our first blog post in which we discussed key differences between the OCC’s proposed rule and its final rule, click here.

Community 97

Community Lending Meeting Retail 97

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

Jeff For Banks

FEBRUARY 1, 2015

In the mid to late 1990''s, my employer, First National Bank of Maryland based in Baltimore, bought Harrisburg, Pennsylvania based Dauphin Deposit Bank. And hence the title for this blog post. First Bank - The context of this blog post is for considering a new name. They put together a transition team. I was on that team.

Pennsylvania 60

Pennsylvania Baltimore Branding Indiana 60

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60

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

FICO

DECEMBER 19, 2018

This month, the FCC approved the creation of a National Reassigned Number Database to address the nearly 100,000 wireless numbers that are reassigned each day. While the database is not expected to be operational for several years, the FCC did provide for a safe harbor that will protect those that leverage the database from TCPA liability.

Policies 40

Policies District of Columbia Regulation California 40