CFPB Monitor

DECEMBER 28, 2020

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 78

FDIC Industry Policies Company 78

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?”. Whether the FDIC finds these arguments persuasive is yet to be seen.

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

JULY 25, 2018

Cabot Square Capital, a U.K. According to a report in Financial Times , the deal was worth more than €140m. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. trillion U.S. trillion U.S.

Capital 108

Capital FDIC Resources National 108

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. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 The account comes with 1.30 stores for Google Pay and Apple Pay users.

Lending 130

Lending FDIC Minneapolis Utah 130

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

PYMNTS

MARCH 6, 2019

“Time and time again we hear from small businesses that access to capital is the biggest obstacle to growth,” Company.com Chief Operating Officer David Kramer said in the announcement. Yet the FDIC said in previous analysis that the actual volume of traditional bank loans to small businesses in the U.S.

FDIC 116

FDIC Lending Capital Analysis 116

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

Celent Banking

NOVEMBER 17, 2015

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Online small business lending by direct credit providers has especially taken off. Morgan Stanley reports that US small business direct lending grew to around $7.5B

Report 100

Report FDIC Lending Fintech 100

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Reports in American Banker said CB Insights data has revealed a 45 percent decline in year-over-year FinTech funding in the year’s first quarter, and a 25 percent drop from Q4 2019.

Fintech 193

Fintech Capital Security FDIC 193

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. Learn how credit unions can manage capital levels amid credit stress. Watch webinar.

Management 195

Management Risk Management Policies Lending 195

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

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

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

SEPTEMBER 16, 2019

Bankers’ attitudes reflect conditions in capital markets and conditions in the economy, primarily the local economy served by each bank,” Dunkelberg and Scott wrote. How do you expect your bank’s capital expenditures on facilities or operations to change over the next 12 months? Asset/Liability. Credit Risk. Learn More. Learn More.

Community Bank 150

Community Bank Community Policies Survey 150

PYMNTS

JULY 15, 2019

reports on jobs figures, the data excludes professions in the farming and agriculture industry. According to Reuters reports last week , large financial institutions are pulling back from the farming industry after surging in to expand their loan portfolios in the wake of the global financial crisis. Capital One Finance Corp.

FDIC 142

FDIC Analysis Lending Data 142

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. A Kabbage spokesman declined to comment Monday (March 30) on the report. “We As reported, the one time fee for a custom loan starts at 0.1

Lending 151

Lending FDIC Fintech Operations 151

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. A link to our prior blog post about these developments is available here.

Regulation 78

Regulation FDIC Community Lending 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

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. Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions. Reviewing lending staff’s risk ratings.

System 195

System Lending Policies Regulation 195

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

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

South State Correspondent

MARCH 13, 2023

On the liability side of SVB’s $173B in deposits at the end of 2022, approximately 97% were uninsured and above the $250k in FDIC protection threshold. The longer the duration in the investment portfolio, the shorter the duration should be on the lending portfolio.

Risk Management 221

Risk Management Management Community Bank Community 221

PYMNTS

NOVEMBER 23, 2017

22) report by American Banker , New York Venture Bank, which will be headquartered in New York, needs the nod of the Office of the Comptroller of the Currency (OCC) before it can launch operations. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

Abrigo

JUNE 4, 2019

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard.

Policies 186

Policies Capital Report FDIC 186

Jeff For Banks

APRIL 25, 2015

I don't think de novo banks are key players to business startup capital formation. Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. But that is because de novo's are limited to making a loan to one borrower of 15% of their capital position. How do I know this?

FDIC 60

FDIC Capital Community Bank Lending 60

PYMNTS

FEBRUARY 19, 2019

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. Reports said Powell noted that looser community bank regulations may help keep branches open.

Marketing 108

Marketing Community Community Bank Industry 108

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.

Lending 195

Lending How To FDIC Survey 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. Lending & Credit Risk.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

OCTOBER 30, 2019

Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. The latest in bank-FinTech collaborations targeting business financial services showcased the wide array of use cases for the model, from global payments to banking to small business lending. Open Banking Targets Corporates.

Lending 102

Lending Fintech America Data 102

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.”. Attorney Alex Tse. “We

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 22, 2015

These higher-than-average approval rates can be correlated to community banks’ credit portfolio expansion to include more small business loans, as was noted in the FDIC’s most recent Community Bank Performance report. And there was stronger demand for smaller loans, as over half of applicants sought less than $100,000.

Community Bank 150

Community Bank Community Regional Cleveland 150

Jeff For Banks

AUGUST 2, 2014

Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). Although our Tier 1 leverage ratio is greater than 10%, you criticized us for our stress scenarios contained in our capital plan. We get that.

Regulation 93

Regulation DC FDIC Analytics 93

Independent Banker

SEPTEMBER 25, 2014

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.”. Implicit in managing operational risk is for banks to continue to maintain adequate capital and a solid balance sheet, he says.

Compliance 101

Compliance Regulation Community Bank Community 101

CB Insights

DECEMBER 4, 2019

This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech. 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.

Cards 101

Cards Lending Strategy US 101

FICO

DECEMBER 13, 2019

In China, online P2P lending exploded in popularity, with the number of P2P lenders growing from 50 in 2011 to 6,000 in 2015. Then the whole industry imploded when it was revealed that 40% of P2P lending platforms were Ponzi schemes. Less than a year later the company announced a new deposit product , this time insured by the FDIC.

Regulation 52

Regulation Fintech Lending Branding 52