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

Jeff For Banks

MAY 7, 2016

Recently a former bank director and active bank stock investor asked me about the rise of FinTechs and how it impacts community banks. I think technology firms are going to change banking forever. But the death of the community bank is exaggerated. Banks have customer trust. Banks have capital.

Community Bank 60

Community Bank Community Fintech FDIC 60

Jeff For Banks

JANUARY 12, 2019

The average 5-year total return for this group was 320%. Recall from the Top 5 post that I screened for low trading volume banks. The average 5-year total return for the group below was -31%. The average board size for this group was 12, and the average age was 66. See for yourself.

Community Bank 60

Community Bank Community FDIC Dallas 60

Jeff For Banks

JANUARY 12, 2019

The average 5-year total return for this group was 320%. Recall from the Top 5 post that I screened for low trading volume banks. The average 5-year total return for the group below was -31%. The average board size for this group was 12, and the average age was 66. See for yourself.

Community Bank 60

Community Bank Community FDIC Dallas 60

American Banker

APRIL 28, 2024

is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. Three industry groups are suing the state in an effort to stop its attempted crackdown. The Federal Deposit Insurance Corp.

Colorado 36

Colorado FDIC Groups Industry 36

Independent Banker

OCTOBER 1, 2022

“A lot of people have this notion that it will never happen to my business or my bank, because it’s too small,” says Linda Comerford, assistant vice president of incident response and cyber services at AmTrust Financial Services Inc. The bank was only able to get fully up and running after it paid a negotiated ransom.”.

Montana 152

Montana Policies Resources FDIC 152

PYMNTS

OCTOBER 17, 2017

ILCs are used to form industrial loan companies, better known as industrial banks. 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.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

FEBRUARY 19, 2019

Senator Elizabeth Warren (D-MA) recently sent a letter to Powell raising this concern, noting that the Fed’s “anemic scrutiny of applications for mergers and acquisitions [M&A] raises concerns that [it] may oversee a wave of bank consolidation to the detriment of consumers and the financial system.”

Marketing 108

Marketing Community Community Bank Industry 108

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. In this regard, the bank regulatory agencies need to remain politically independent. To you, manage your interest rate risk.

FDIC 78

FDIC Community Bank Regulation Lending 78

Jeff For Banks

MARCH 5, 2021

A bank trade association CEO asked me a couple of questions while he was researching an op-ed piece. Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? The edited Q&A is below.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

NCR

AUGUST 31, 2016

Yet banks need one important yet not easily attainable ingredient to do mortgages right in an era of ever-increasing rules and regulations—quality. Some banks choose to overcome the quality hurdle—which is demanded by both regulators, GSEs and investors—by hiring their own QC staff.

Community Bank 49

Community Bank Community Guidelines Compliance 49

Independent Banker

SEPTEMBER 25, 2014

As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. Federal regulators say, not always. Federal regulators say, not always.

Community Bank 70

Community Bank Compliance Risk Management Community 70

American Banker

APRIL 5, 2016

In an interview, FDIC Chairman Martin Gruenberg said the FDIC will work with banking groups, state commissioners and others to help foster the growth of new banking charters.

FDIC 28

FDIC Groups Community Bank Community 28

American Banker

APRIL 5, 2016

In an interview, FDIC Chairman Martin Gruenberg said the FDIC will work with banking groups, state commissioners and others to help foster the growth of new banking charters.

FDIC 28

FDIC Groups Community Bank Community 28

Jeff For Banks

APRIL 25, 2015

Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. So the bank necessarily hunts for smaller relationships. I'm also skeptical that small community banks in general are financing startup businesses.

FDIC 60

FDIC Capital Community Bank Lending 60

Jeff For Banks

DECEMBER 16, 2022

SVB Financial Group (Nasdaq: SIVB) Here is this year's list: #1. The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. and Puerto Rico banking laws and regulations. MetroCity Bankshares, Inc. Well done! #3

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

SEPTEMBER 22, 2015

Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. Loans secured by residential improved real estate or a mobile home that is part of a condo, cooperative, homeowner association or other group where premiums are paid by a common association or group.

Regulation 70

Regulation Policies Community Bank Taxes 70

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Real-world testing. “I

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Real-world testing. “I

Tools 70

Tools Community Community Bank Security 70

American Banker

AUGUST 2, 2016

State bank associations threw their support behind a regulatory relief bill on Tuesday in hopes the legislation can gain traction in the Senate.

Groups 28

Groups FDIC Community Bank Community 28

Abrigo

SEPTEMBER 14, 2022

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” Those implementing regulations were coming. Lending Regulation. Lending Regulation.

Lending 195

Lending Data Regulation Community 195

Jeff For Banks

MARCH 29, 2014

These services are provided through a variety of delivery systems including automated teller machines, private banking, telephone banking and Internet banking. We believe we can effectively compete as a community bank in our market area and the niche markets we serve. We focus our marketing efforts in three areas.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

American Banker

AUGUST 10, 2016

The Dodd-Frank Act of 2010 has not had a negative impact on community banks, contrary to assertions by Republicans and many bankers, according to a group of White House economists.

Community Bank 28

Community Bank Community Groups FDIC 28

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60