CFPB Monitor

AUGUST 4, 2022

The FDIC has issued an “Advisory to FDIC-insured institutions Regarding Deposit Insurance and Dealings with Crypto Companies ” to address the agency’s concerns regarding misrepresentations about FDIC deposit insurance by certain crypto companies. The FDIC identifies two issues that can create customer confusion.

FDIC 78

FDIC Risk Management Policies Regulation 78

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

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. Based on the bank’s own filing, and like many banks, SVB did not deploy hedging instruments to manage its securities duration risk.

Risk Management 221

Risk Management Management Community Bank Community 221

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. 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.

Management 150

Management FDIC Community Risk Management 150

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

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

MARCH 24, 2020

The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would 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 60

FDIC Taxes Industry Policies 60

MyBankTracker

AUGUST 12, 2020

Personal Capital is an online wealth management concept that started in 2009. billion in assets under management with over 24,200 clients. Today, Personal Capital offers two sets of tools depending on whether you pay for their services or not. How Do Personal Capital’s Free Tools Work? This is done securely.

Tools 52

Tools Capital Management Taxes 52

South State Correspondent

JULY 30, 2023

Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T There are various models investors may use to assess return and risk, but the most widely used is a risk premium model called CAPM (capital asset pricing model). These intangible factors can also lower the bank’s cost of capital.

Community Bank 195

Community Bank Community Capital Policies 195

CFPB Monitor

DECEMBER 20, 2018

The FDIC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on its regulatory approach to brokered deposits and interest rate restrictions. The FDIC’s current regulations on brokered deposits and interest rate restrictions are set forth at 12 C.F.R. Section 337.6.

FDIC 60

FDIC Regulation Capital Analysis 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. These caps were 100% of capital for construction loans, and 300% for all investor CRE. That 13% represented 80% of the losses to the FDIC insurance fund.

Risk Management 150

Risk Management Management Capital Lending 150

Perficient

JANUARY 25, 2023

According to the Federal Deposit Insurance Corporation (FDIC), in 2000, there were 8,000 commercial banks in the United States, but as of March 2022, that number had dwindled to 4,194 operating physical bank branches. Another example is Eno , Capital One’s virtual assistant.

Banking Trends 474

Banking Trends Trends United States FDIC 474

South State Correspondent

AUGUST 21, 2022

Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those not offering QFC protection – think Lehman Brothers.

How To 195

How To Community Bank Community FDIC 195

PYMNTS

DECEMBER 16, 2020

The rollout makes Quontic “the first FDIC insured financial institution in the U.S. In addition, financial services company NYDIG is collaborating with Quontic to offer the custody platform that will be harnessed to manage the crypto rewards. resident and non-resident global customers can open a FDIC-insured U.S. Aeldra’s U.S.

Bitcoin 157

Bitcoin FDIC Cards California 157

Gonzobanker

JUNE 1, 2023

The strong Gonzo Bankers have managed through the short-term challenges of slowing deposit outflows, shoring up liquidity and capital positions, and communicating with customers. It’s important to demonstrate that management is deeply engaged in responding to outside conditions and all the bank’s stakeholders.

Capital 158

Capital Strategy social media Analysis 158

PYMNTS

DECEMBER 2, 2020

The funding round was led by new investor Coatue Management, a slew of celebrity backers and Big Tech executives. Stripe invested in this round as well, as did returning investors Crosslink Capital, Collaborative Fund and Will Smith’s Dreamers VC. Users can transfer funds in real time without any fees.

Fintech 217

Fintech FDIC Resources Management 217

Abrigo

JULY 1, 2015

A segmentation strategy, though, is a great place to start to nail down an effective and efficient process – not only will it serve a substantial purpose for the ALLL, but also as a larger risk management tool. The ability to adequately meet ALLL, stress testing and other risk management requirements relies upon sound segmentation practices.

Risk Management 150

Risk Management Management Strategy Lending 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

PYMNTS

JUNE 10, 2019

The company has reportedly been hiring numerous product managers and engineers. The major products being developed include “payment experiences” that aim to help riders and Uber Eats users to save money or to help drivers manage their own money, according to a posting for a job. Uber also lets drivers get paid daily instead of weekly.

Fintech 214

Fintech San Francisco FDIC New York 214

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. Total return includes two components: capital appreciation and dividends.

Fresno 107

Fresno North Carolina Raleigh FDIC 107

PYMNTS

MAY 4, 2020

Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. 1 on PYMNTS’s personal finance rankings , with its commission-free trading being popular and new money management features also giving it a boost.

FDIC 131

FDIC Fintech Millennials Management 131

Abrigo

JUNE 11, 2021

Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). FDIC) noted in its 2021 Risk Review.

How To 195

How To Risk Management Analysis Kansas City 195

PYMNTS

AUGUST 28, 2019

The banking platform is designed for mobile devices and API connectivity, with NorthOne noting that development partner Treasury Prime designed that API technology to streamline account opening and management. Last year, the Canada-based company raised $2 million from investors Peter Graham, Tom Williams and Ferst Capital Partners.

Mobile 144

Mobile FDIC Tools Taxes 144

PYMNTS

AUGUST 5, 2020

QED Investors , Khosla Ventures and SVB Capital also participated in the round, the release stated. Zibo , which works to provide streamlined and accessible financial services for landlords, has raised $10.5 million in a seed round led by Canaan Partners , according to a press release.

Payments 141

Payments FDIC Tools Taxes 141

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. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. SoFi has confirmed the news.

FDIC 100

FDIC Utah Millennials ATM 100

Abrigo

FEBRUARY 12, 2020

The main drivers of expected CRE growth in 2020 are: Low interest rates Continued job growth and low unemployment Moderate consumer spending growth Abundant capital and return-seeking investors/lenders, and Increased property values (albeit slowing in appreciation). “2020 could be a pivotal year for the U.S.

Lending 195

Lending Trends FDIC Survey 195

Gonzobanker

MARCH 22, 2023

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? It’s a good time to surround the executive team with a diversity of smart advisors and capital market players.

social media 78

social media Capital Risk Management Strategy 78

Gonzobanker

FEBRUARY 1, 2024

The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” Since banks with less than $10 billion in assets continue to struggle in deposit gathering, scale and overall earnings, we wonder how many will not be here in five years? Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

Abrigo

MARCH 25, 2020

Regulators also announced other guidance tied to reporting and risk-based capital rules. Garver Moore, Managing Director of Abrigo Advisory Services, said the regulators’ statement provided helpful communication for community financial institutions and their borrowers and members during the responsive phase of the pandemic.

FDIC 150

FDIC Regulation Exercises Community 150

Abrigo

SEPTEMBER 5, 2023

Portfolio segments should be monitored and managed, not get buried in exception counts. This is particularly true of credit exceptions related to account management (e.g., As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. It just stays on forever.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

AUGUST 6, 2019

“This is a huge step forward in our evolution as we continue to unlock the power of the marketplace model to generate access and, ultimately, savings for borrowers by finding and matching the right capital sources with the right borrowers,” said Chief Capital Officer Valerie Kay in the announcement.

FDIC 108

FDIC Capital Lending Innovation 108

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

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. On July 23, 2020, the FDIC released a podcast entitled “The Role of Minority Banks.” banking system.

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. Bankers’ attitudes reflect conditions in capital markets and conditions in the economy, primarily the local economy served by each bank,” Dunkelberg and Scott wrote.

Community Bank 150

Community Bank Community Policies Survey 150

Abrigo

APRIL 21, 2020

PPP loans carry a 0% risk weighting, meaning they don’t count against the institution from a risk-based capital standpoint. With the surge in loans and no pressure on capital ratios, both Domine and Bates expressed approval for the program. Non-bank SBA-approved lenders, however, may not participate in the PPPLF at this time.

Lending 195

Lending Capital Minnesota FDIC 195

Abrigo

JUNE 23, 2017

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach. That means limits should be properly aligned with the true risk tolerance of your board and management.”

Policies 150

Policies Risk Management Survey FDIC 150