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

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

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). FDIC), the states and the courts. However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

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

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Learn how credit unions can manage capital levels amid credit stress. Regulators foster prudent loan modifications. Loan performance since 2020 Chart 2. Watch webinar.

Management 195

Management Risk Management Policies Lending 195

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

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. increased operational risks. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

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

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.

Regulation 122

Regulation United States Community Bank National 122

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. 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? Why do many, if not most of these orders contain Articles relating to strategic and capital plans?

Regulation 73

Regulation FDIC National Capital 73

Payments Source

NOVEMBER 16, 2018

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.

Operations 63

Operations Regulation Industry FDIC 63

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. Want to hear about peers’ experience with federal examinations? banks and credit unions that undergo federal examinations.

Policies 150

Policies Risk Management Survey FDIC 150

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations. Again, this issue is not isolated to Australia.

Lending 122

Lending Cards FDIC Capital 122

Jeff For Banks

MARCH 5, 2021

Knowing this, very large financial institutions operate branches where they can have greater scale to drive greater profitability, which frequently excludes LMI neighborhoods, creating what is termed "bank deserts." Another challenge is imposed by the very government that tries to assist LMI households: regulation.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Abrigo

NOVEMBER 9, 2022

How has CECL implementation impacted their operations and reserves for credit losses? CECL's impact on operations. Use a software tool [and] ensure your auditors and regulators are in the loop on progress.” Managing capital levels amid credit stress: Advice for credit unions. CECL Regulation. Process changes.

Survey 195

Survey Software Resources Meeting 195

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

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

NOVEMBER 23, 2020

In terms of mechanics, he explained, having a national bank charter in hand from the OCC means Figure will not have to obtain licenses to provide financial services on a state-by-state basis, but instead will be enabled to deliver its offerings on a nationwide basis while tailoring its compliance to the mandates of the OCC as sole regulator.

National 215

National blockchain Montana Lending 215

Jeff For Banks

JANUARY 12, 2019

This might be explained by the capital formation process, where a low performing bank gets equity injections and those folks go on the board. In terms of bankers, active or retired, this group looks no different than the Top 5. Perhaps not. Each board member is an ingredient in the effectiveness of the entire board.

Community Bank 60

Community Bank Community FDIC Dallas 60

Jeff For Banks

JANUARY 12, 2019

This might be explained by the capital formation process, where a low performing bank gets equity injections and those folks go on the board. In terms of bankers, active or retired, this group looks no different than the Top 5. Perhaps not. Each board member is an ingredient in the effectiveness of the entire board.

Community Bank 60

Community Bank Community FDIC Dallas 60

PYMNTS

OCTOBER 13, 2016

I think it was a real advantage to us to start during an economic downturn,” says Kathryn Petralia, a co-founder and Head of Operations at Kabbage. “It Our focus has always been on user experience and for them to get capital in less than ten minutes. The year was 2009, and it was rough for some, but a fertile ground for others. “I

Regulation 100

Regulation Lending US FDIC 100

Jeff For Banks

OCTOBER 29, 2016

In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year. billion, and the operating cost per business checking account is $710. In 2016, the median sized financial institution is $1.1 deposit market share in 2012 to a 80.7%

Training 60

Training FDIC Community Resources 60

Jeff For Banks

DECEMBER 16, 2022

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. and Puerto Rico banking laws and regulations. 4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. And capital ratios have held steady and strong. In fact, if you listen to some institutional investors, the industry is over-capitalized. And I have never heard a regulator say the phrase "over capitalized". Positive operating leverage!

Taxes 60

Taxes Regional Industry Trends 60

PYMNTS

OCTOBER 30, 2019

APIs also boost visibility into foreign exchange rates, Western Union said, while allowing the FI to offer business clients “the latest level of regulated European internet security,” it said in its announcement.

Lending 102

Lending Fintech America Data 102

Jeff For Banks

MARCH 27, 2010

Regulators have been particularly harsh to those banks whose business plans call for other-than-traditional deposit acquisition. If your bank has brokered deposits, Internet deposits, jumbo CDs, rewards checking, and in some cases CDARs, a regulator near you may be calling to order you to seek more traditional funding.

Indiana 60

Indiana FDIC Strategy Regulation 60

Independent Banker

FEBRUARY 24, 2016

FDIC-insured deposits largely solve this problem for banks. Against lenders that fund loans with their own capital or with funds from large institutional investors, banks enjoy a considerably larger spread between cost of funds and loan interest. a community bank operating and software services firm in Wilmington, N.C.

Community Bank 70

Community Bank Community Lending FDIC 70

Jeff For Banks

AUGUST 2, 2021

2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. This is not a high level of revenues to handle all the expenses involved with operating a troubled banking organization at the time. Exciting things to come!

Community Bank 78

Community Bank Community Minnesota Metro 78

Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Now it has a small-business financing program, Square Capital.

Community Bank 70

Community Bank Community Analytics Lending 70

Fintech Labs Insights

JULY 9, 2015

This is what sets the New York-based company apart from its numerous competitors– it is the only regulated bitcoin trading platform open to all U.S. Board members—Senator Bill Bradley, former FDIC Chairman Sheila Bair and former FASB Chairman Robert Herz. It also offers tax documentation and FDIC insurance for U.S.

Bitcoin 12

Bitcoin Regulation New York FDIC 12

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

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. The DOJ Finding. In 2010, LendingClub added to its war chest with a $24.5

Lending 135

Lending Fraud Management San Francisco 135

NCR

NOVEMBER 24, 2016

There’s no mystery as to why: banks must navigate a veritable sea of regulations, including strict guidelines on how to communicate with customers and prospects. Banks can smartly capitalize on this, and help customers along the way. According to the FDIC , almost 50% of US Latino households are “unbanked or “under-banked.”

Online 40

Online Marketing Branding social media 40

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Those read most often in the past year include several that offer practical advice for operating ALM and CECL models. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

NCR

JUNE 17, 2016

There’s no mystery as to why: banks must navigate a veritable sea of regulations, including strict guidelines on how to communicate with customers and prospects. Banks can smartly capitalize on this, and help customers along the way. According to the FDIC , almost 50% of U.S. Times are changing, however.

Marketing 40

Marketing Online Branding social media 40