Abrigo

DECEMBER 22, 2023

Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. Read this blog for ten key reports on capital, growth, and liquidity that can help financial institutions identify increased risk and shape strategy in tricky conditions.

Risk Management 222

Risk Management Regulation Management Lending 222

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

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

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. It all comes, at least on the surface, as a message of support that also comes at a time when chief compliance officers may be a bit trepidatious.

Compliance 148

Compliance Innovation FDIC Examples 148

CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

PYMNTS

JUNE 19, 2020

FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. There is a rush to capitalize on a digital shift powered by the pandemic, and it isn’t about providing physical a digital channel. Trackers And Reports. Visa, Facebook Link Up For P2P Payments, eCommerce On WhatsApp. The profits just hit $18.5

Payments 151

Payments United States FDIC Retail 151

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Technological changes in the banking industry have allowed for better product delivery, data analysis, and back-office efficiency,” the report states. SBA Lending.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. It can also reduce the time spent on documenting decisions and report writing. 42% expect similar reserve levels.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

MAY 22, 2018

That change would become effective 18 months after the bill is enacted — though the SIFI designation immediately lift for banks with assets under $100 billion, according to a Height Research report by Ed Groshans, senior vice president at the firm. As of late Tuesday afternoon, the bill, which has passed the U.S.

Regulation 100

Regulation Regional Community Innovation 100

CFPB Monitor

JANUARY 9, 2017

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Lindsay is an attorney who currently is the Managing Director and General Counsel of Capital Markets and Corporate Reporting at Citigroup Inc. Julie Bell Lindsay.

Leadership 60

Leadership FDIC Policies Compliance 60

Abrigo

AUGUST 8, 2021

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. It also monitors compliance with applicable regulations and laws. Independent Assessment. Reviewing lending staff’s risk ratings. “The

System 195

System Lending Policies Regulation 195

PYMNTS

OCTOBER 1, 2018

The SEC also noted that it will not recommend charges against LendingClub Corporation, because the firm’s board “promptly self-reported its executives’ misconduct following a review initiated by its board of directors.” “By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). Texas Capital Bancshares, Inc. In preparation for meetings, I frequently read 10k''s.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

Independent Banker

FEBRUARY 24, 2016

Obviously these local lenders took notice when the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency recently issued a joint statement pointing out increased risks in CRE lending. CRE loans totaled 869 percent of Oak Valley’s capital in 2001, resulting in a special examination by regulators.

Community Bank 70

Community Bank Lending Community Regulation 70

CFPB Monitor

JUNE 25, 2020

The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule. These banks conduct a majority of all CRA activity in the United States.

Community 97

Community Lending Meeting Retail 97

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system. First Capital Bank. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

William Mills

SEPTEMBER 9, 2016

Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind. Built the platform for networking, data management and analytics and reporting. With reporting, can get rid of excel. 31 years sent excel was released.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

APRIL 17, 2018

And while reports in The Washington Post said the situation was thus “diffused,” the saga was a disruptive reminder that the regulatory landscape for marijuana companies — often small businesses (SMBs) — remains unclear, in flux and risky. They need to run compliance. A lot of them do facility checks. It’s very labor-intensive.”.

Regulation 101

Regulation Taxes Compliance United States 101