CFPB Monitor

JUNE 13, 2022

One issue raised in the RFI is “to what extent should the CFPB be consulted by the FDIC when considering the convenience and needs factor and should that consultation be formalized?”. Similar to the other industry trade groups, the BPI letter noted that the CFPB was not granted by Congress a right to review or comment on bank mergers.

FDIC 78

FDIC Groups Community Meeting 78

CFPB Monitor

AUGUST 13, 2018

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.

FDIC 68

FDIC Community Lending Guidelines 68

PYMNTS

OCTOBER 17, 2017

Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. ILCs are used to form industrial loan companies, better known as industrial banks. ILCs are used to form industrial loan companies, better known as industrial banks.

Industry 108

Industry Fintech FDIC Community Bank 108

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. . Here are five reasons, according to industry experts. Why SBA Lending?

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. “With Visa’s installment solutions, our focus is on enabling the enablers and accelerating the direction of our product,” Duransoy said. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

SEPTEMBER 30, 2020

However, the banking industry doesn’t like that one bit. “We Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote. FDIC), the states and the courts. Specific Concerns .

Regulation 349

Regulation National System Industry 349

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

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. Banking Resources.

Community 195

Community Lending Maine Resources 195

Jeff For Banks

DECEMBER 10, 2023

And I am weary of the persistent "get big or get out" mentality of many industry pundits. 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.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

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. A low interest rate environment 2.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

Abrigo

NOVEMBER 11, 2019

An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. FDIC FIL-46-2013 October 8, 2013. Using ALM to grow earnings and capital. ALM should be used to create value in all interest rate environments.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

AUGUST 14, 2019

In Australia, this blurred line between small business and consumer financial services became the focus of a recent SmartCompany report highlighting the challenge that small business owners face when seeking working capital. There is a “blurring in the line between lending to small business and personal credit,” she added.

Lending 122

Lending Cards FDIC Capital 122

PYMNTS

JULY 15, 2019

reports on jobs figures, the data excludes professions in the farming and agriculture industry. While government jobs data excludes the farming sector , recent analysis from Reuters reveals that the industry may not be enjoying the strength of the U.S. Between December 2015 and March 2019, banks pulled back their farm lending by $3.9

FDIC 142

FDIC Analysis Lending Data 142

PYMNTS

JUNE 13, 2017

Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. SoFi has confirmed the news. The bank will offer no other products and services.”.

FDIC 100

FDIC Utah Millennials ATM 100

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

Data 135

Data Lending Capital Regulation 135

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. customer impact.

Fintech 109

Fintech FDIC Capital Community Bank 109

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. Name: Locality Bank. Assets: $55 million. Location: Fort Lauderdale, Fla. Filling a need.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

AUGUST 20, 2020

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. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. The old borrow short, lend long strategy. Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2

FDIC 78

FDIC Community Bank Regulation Lending 78

South State Correspondent

APRIL 30, 2022

While we have covered the impact of the Fed on lending ( HERE ), we want to focus on the liability side of the balance sheet. We examine the roughly four thousand FDIC-insured commercial banks and S&L associations over the last four decades. Historical Cost of Funds Analysis.

Community Bank 195

Community Bank Strategy Community FDIC 195

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Marketing 108

Marketing Community Community Bank Industry 108

Abrigo

AUGUST 3, 2015

The piece also notes that customer service has suffered as a result of higher compliance costs, and community banks face stricter lending standards and capital reserve requirements. But when the approach historically taken by community banks is limited, their competitive advantage also declines.

Compliance 150

Compliance Community Bank Community Survey 150

Jeff For Banks

JUNE 4, 2018

"The FDIC recently has observed instances of liquidity stress at a small number of insured banks." So opened the Summer 2017 FDIC Supervisory Insights issue. At a recent banking conference an industry consultant said, matter of factly, that in times of stress your Federal Home Loan Bank (FHLB) borrowing capacity would dry up.

FDIC 60

FDIC System Regulation Conference 60

Jeff For Banks

DECEMBER 16, 2022

And I am weary of the persistent "get big or get out" mentality of many industry pundits. Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Not so over the eleven years I have been keeping track. MetroCity Bankshares, Inc. Nasdaq: MCBS) #3. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Abrigo

NOVEMBER 9, 2022

Banks and credit unions will undoubtedly need to update CECL models and operational aspects of allowance calculations as the lending, risk, and regulatory environments change. Understanding industry practices, as well as examiner and auditor expectations, will allow financial institutions to tackle that transition, too. . Learn More.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. We will vigorously investigate wrongful conduct in this industry.”.

Lending 135

Lending Fraud Management San Francisco 135

Independent Banker

FEBRUARY 24, 2016

A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Community banks that are growing their CRE lending will be a focus of examination activity in 2016, adds the regulatory statement. Responsible lending. Two recent speeches by U.S.

Community Bank 70

Community Bank Lending Community Regulation 70

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. Learn More.

Lending 195

Lending How To FDIC Survey 195

Independent Banker

SEPTEMBER 25, 2014

Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Nonetheless, the regulatory agencies and industry consultants do offer several insights on how community banks can better prepare for their next round of regulatory examinations.

Compliance 101

Compliance Regulation Community Bank Community 101

FICO

DECEMBER 13, 2019

The guiding ethos of fintech (and really any industry portmanteau ending in ‘tech’) is move fast and break things. In China, online P2P lending exploded in popularity, with the number of P2P lenders growing from 50 in 2011 to 6,000 in 2015. Generally this ethos is presented as a virtue. and China). A Prediction for the 2020s.

Regulation 52

Regulation Fintech Lending Branding 52

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Now it has a small-business financing program, Square Capital.

Community Bank 70

Community Bank Community Analytics Lending 70

NCR

FEBRUARY 23, 2016

Also, be cognizant of account maintenance fees and stay under the FDIC limit of $250,000 to ensure your deposits are insured. For a fee of 0.02% per quarter, they will rebalance your short-term savings accounts as interest rates change to ensure you are always earning the highest available rate, all while staying under the FDIC limits.

Lending 40

Lending FDIC Strategy Online 40

CFPB Monitor

MARCH 30, 2020

Section 4008 of the CARES Act authorizes the Federal Deposit Insurance Corporation (FDIC) to establish a debt guarantee program to guarantee the debt of solvent insured depository institutions and depository institution holding companies. Section 4011 – Temporary Lending Limit Waiver. Section 4008 – Debt Guaranty Authority.

Regulation 122

Regulation United States Community Bank National 122

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% Amazon Lending.

Cards 101

Cards Lending Strategy US 101

Jeff For Banks

MARCH 27, 2010

They troll the web for best rate banks, assuming one depository with FDIC insurance is no better than another. They pursue a retail strategy to generate additional funding for their commercial lending line of business. Do we want an industry whose business model is limited to the good graces of our regulators?

Indiana 60

Indiana FDIC Strategy Regulation 60