PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. FDIC), the states and the courts. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

Regulation 349

Regulation National System Industry 349

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).

Colorado 102

Colorado Regulation Innovation Wyoming 102

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

South State Correspondent

AUGUST 21, 2022

Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC).

How To 195

How To Community Bank Community FDIC 195

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. So, no, we are not re-doing our capital plan.

Regulation 95

Regulation DC FDIC Analytics 95

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

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. Location: Fort Lauderdale, Fla. That’s no small feat for any de novo, especially during a pandemic.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4008 – Debt Guaranty Authority. Section 4010 – Temporary Hiring Flexibility.

Regulation 122

Regulation United States Community Bank National 122

Gonzobanker

FEBRUARY 1, 2024

For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event. Five Hundred? (Oh but Baker Hill gets the Gonzo award.

Conference 88

Conference FDIC Arizona Industry 88

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. in Kent, Ohio.

Compliance 101

Compliance Regulation Community Bank Community 101

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. Bay National failed on July 9th. The productive view about the similarity of EAs is why haven’t we been doing some of the things required by regulators in the first place? The stark increase in such orders has been alarming. I would vote no.

Regulation 73

Regulation FDIC National Capital 73

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. Regulators and consultants promulgate this untruth. He was confident in his bank's liquidity position, but felt regulators could artificially create a liquidity problem.

FDIC 60

FDIC System Regulation Conference 60

FICO

DECEMBER 13, 2019

The most prominent villain for fintech companies is regulation. And so it’s easy to see why a fintech company — believing fully in the virtue of its mission and faced with a litany of illogical and intractable regulations — might just say "F*ck it, we're doing it anyways." Disruption-friendly regulations. and China).

Regulation 52

Regulation Fintech Lending Branding 52

CFPB Monitor

NOVEMBER 29, 2021

Federal banking regulators have been busy in this space. Accordingly, “it is important that [the Agencies] provide coordinated and timely clarity where appropriate to promote safety and soundness, consumer protection, and compliance with applicable laws and regulations, including [AML] and illicit finance statute and rules.”

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending.

Lending 60

Lending Regulation Community Community Bank 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

APRIL 23, 2015

OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. It would also allow examiners to focus more attention and resources on the nation’s riskier banks. The bill, spearheaded by Senator Joe Donnelly, D-Ind., and Senator Pat Toomey, R-PA.,

Community Bank 150

Community Bank Community Survey FDIC 150

PYMNTS

DECEMBER 14, 2018

Among those agencies, alphabetically speaking: the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Financial Crimes Enforcement Network (FinCEN) and the National Credit Union Administration.

Compliance 148

Compliance Innovation FDIC Examples 148

PYMNTS

JANUARY 9, 2018

Community banks are much better positioned to provide personalized service to small business customers; large national banks simply aren’t equipped or motivated to do so.”. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

CFPB Monitor

AUGUST 26, 2019

On Tuesday, the FDIC released a Notice of Proposed Rulemaking (NPR) that outlines anticipated revisions to its regulations regarding interest rate restrictions that apply to less than well capitalized insured depository institutions. Methodology for Calculating National Rate and Rate Cap.

FDIC 60

FDIC National Capital Marketing 60

American Banker

SEPTEMBER 12, 2016

The Group of Central Bank Governors and Heads of Supervision – the supervising body for the Basel Committee on banking Supervision -- Sunday endorsed the broad direction of final Basel III risk-weighted capital rules, including assurances that the final rules would require significant additional capital.

Capital 28

Capital Groups FDIC Regional 28

Jeff For Banks

JUNE 24, 2010

As I understand it, government officials (excluding regulators) want banks to lend, banks have the cash to lend, bankers are hesitant to lend, and regulators would just as soon have you hire another compliance officer and purchase a U.S. Regulators are slightly schizophrenic on the subject. Are these more reliable?

Lending 67

Lending FDIC Regulation Regional 67

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. And capital ratios have held steady and strong. In fact, if you listen to some institutional investors, the industry is over-capitalized. Where are we and where have we been?

Taxes 60

Taxes Regional Industry Trends 60

South State Correspondent

MARCH 15, 2023

It turns out that confidence is more valuable than capital. Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. The ratio would provide a bank’s current core capital position to risk-adjusted assets.

social media 195

social media FDIC Branding Management 195

Jeff For Banks

DECEMBER 23, 2016

I believe in compassionate capitalism. For example, what if Schmidlap National Bank and Pipefitters Local CU teamed up to end poverty in their local market? Internally, we have been over-reacting to interpretations of regulation, hyper-complying to avoid an audit finding or, shudder, a matter requiring attention (MRA) on our exam.

Taxes 60

Taxes Meeting Resources FDIC 60

American Banker

AUGUST 29, 2016

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

Kansas City 31

Kansas City Kansas Community Bank Policies 31

Independent Banker

DECEMBER 13, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. The FFIEC is reviewing an Excel version created with banker input.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. The FFIEC is reviewing an Excel version created with banker input.

Tools 70

Tools Community Community Bank Security 70

American Banker

MAY 11, 2016

Ideas on the table for ending the too-big-to-fail problem won't work, so the only solution is a "leverage" ratio and continuous exams to ensure big banks never get in trouble in the first place.

Capital 28

Capital FDIC Regional National 28

Gonzobanker

AUGUST 22, 2014

While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. Useful filters could include qualities like geography, asset size, branch network, balance sheet mix, capital levels and niche businesses.

Strategy 87

Strategy United States Community New York City 87

CFPB Monitor

MARCH 26, 2020

The CFPB, OCC, FDIC, Federal Reserve, and NCUA have issued a joint statement “to specifically encourage” banks, savings associations, and credit unions “to offer responsible small-dollar loans to both consumers and small businesses” in response to the COVID-19 outbreak. For example, what rates will the agencies view as “responsible”?

FDIC 78

FDIC Lending National Examples 78

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. But small banks and credit unions can benefit from the stress test scenarios, too. Related Subhead. Why financial institutions stress test.

Capital 195

Capital Regulation Risk Management Community 195

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. . Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

CB Insights

DECEMBER 4, 2019

An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. In August 2019, Greenlight raised a $54M Series B from strategic investors including Wells Fargo, JP Morgan, and investors Drive Capital , Relay Ventures , and TTV Capital. That scale would make Amazon Go a $4.5B business.

Cards 101

Cards Lending Strategy US 101

American Banker

DECEMBER 20, 2016

The banking system ultimately needs a balanced approach to capital, which allows banks to efficiently function while also maintaining financial stability.

Capital 28

Capital System FDIC Regional 28

American Banker

AUGUST 2, 2016

Tougher capital requirements for energy lenders could be on the horizon. The Federal Deposit Insurance Corp. is raising concerns about potential spillover effects from depressed oil prices even as banks had sounded more optimistic.

Capital 28

Capital FDIC Community Bank Regional 28

Independent Banker

JULY 29, 2016

With congressional candidates and incumbents across the nation in full campaign mode this summer, this is an excellent opportunity to share how ICBA is affecting what is already a dramatic election season. 812) and the Community Bank Access to Capital Act (H.R. FDIC Assessment Rules. By Courtney Schoenborn. 1233 and S.

Community Bank 70

Community Bank Community Washington FDIC 70