FICO

JANUARY 13, 2020

It is safe to say that Las Vegas casinos will not soon be taking bets on the occurrence of future finance policy developments. The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970.

Policies 52

Policies Las Vegas FDIC Washington 52

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

ABA Community Banking

DECEMBER 13, 2019

In this bonus episode of the ABA Banking Journal Podcast, senior OCC policy official Grovetta Gardineer digs into the details of the OCC and FDIC's notice of proposed rulemaking on the Community Reinvestment Act. The post Bonus Podcast: Digging into the Details on CRA Modernization appeared first on ABA Banking Journal.

FDIC 98

FDIC Policies Community Community Bank 98

Independent Banker

OCTOBER 1, 2022

AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. Cyber insurance products vary depending on the carrier and how an individual policy is structured, but most companies offer first-party coverage and third-party liability coverage.

Montana 152

Montana Policies Resources FDIC 152

Independent Banker

JANUARY 26, 2016

The FDIC has released a proposal to indemnify the banks with assets less than $10 billion from the costs of raising the Deposit Insurance Fund reserve ratio from 1.15 The provision will ultimately provide thousands of community banks a reduction in deposit-insurance premiums of up to 30 percent. percent to 1.35 Farm Credit System.

FDIC 70

FDIC Community Bank Community Lending 70

ABA Community Banking

MARCH 19, 2020

The FDIC today issued two sets of frequently asked questions addressing banker and consumer concerns related to the coronavirus pandemic. The post FDIC Issues Coronavirus-Related FAQs for Banks, Consumers appeared first on ABA Banking Journal.

FDIC 86

FDIC Community Bank Policies Capital 86

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

Regulation 150

Regulation FDIC Survey Community Bank 150

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As Barr points out, most community banks—close to 75 percent—are now growing their loan portfolios.

Compliance 101

Compliance Regulation Community Bank Community 101

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Perficient

JUNE 10, 2022

According to the Comptroller, the architecture for a stablecoin system can be viewed through the lens of three key policy issues: Stability. One of the greater concerns, in both the crypto community as well as financial regulators and government, is the value stability of the crypto asset. Interoperability. Separability.

blockchain 275

blockchain Regulation Policies FDIC 275

ABA Community Banking

MAY 5, 2022

The Federal Reserve, FDIC and OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act. The post Agencies propose highly anticipated CRA overhaul appeared first on ABA Banking Journal.

FDIC 52

FDIC Community Regulation Community Bank 52

ABA Community Banking

FEBRUARY 2, 2022

McWilliams discusses several policy aspects of her tenure at the FDIC, including climate risk, small-dollar lending, CRA reform and the Mission-Driven Bank Fund. The post Podcast: Exit Interview with Jelena McWilliams, Part 2 appeared first on ABA Banking Journal.

FDIC 52

FDIC Policies Lending Community Bank 52

CFPB Monitor

APRIL 22, 2021

The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration (Agencies). making, increasing, extending or renewing a loan), the lender must review the policy to determine if it meets the mandatory purchase criteria.

Policies 60

Policies Compliance Meeting Regulation 60

Abrigo

JULY 10, 2023

Best practices Addressing AI fraud in your policies AI fraud can be particularly tricky because it impacts how financial institutions verify customers’ identities. Your financial institution can help build awareness and encourage best practices for protecting personal information by providing educational materials to your community.

Fraud 150

Fraud How To social media Security 150

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. 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. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

PYMNTS

MAY 22, 2018

Tom Hoenig, who stepped down last month as FDIC vice chairman, (said) that the Volcker rule should remain in place but, rather than requiring banks to comply with tedious reporting requirements, allow bank examiners to check compliance with policies and procedures as part of the regular inspection process,” the report added.

Regulation 100

Regulation Regional Community Community Bank 100

American Banker

JULY 14, 2020

Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.

New Jersey 43

New Jersey Compliance Training Policies 43

ABA Community Banking

JANUARY 8, 2020

Federal Reserve Governor Lael Brainard, the agency’s point person for the Community Reinvestment Act modernization process, today outlined the Fed’s approach to revising CRA rules and explained why the Fed did not join the notice of proposed rulemaking issued last month by the OCC and the FDIC.

FDIC 52

FDIC Community Community Bank Policies 52

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. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. Their other advice?

Survey 195

Survey Software Resources Meeting 195

Jeff For Banks

MAY 16, 2015

Compliance and audit reports, not included in 5 above 7. Other business such as approving policy changes, large/exception credits requiring Board approval as per policy. High level risk management reports (because more granular risk reports are reviewed in Committee) and trends.

Report 60

Report Policies Risk Management Meeting 60

FICO

OCTOBER 4, 2016

with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). When federal banking agencies recently revised their Q&As for CRA compliance , their focus on the use of alternative data caught my eye. Responsibly expanding credit access has always been a central focus at FICO.

Lending 74

Lending Data Community FDIC 74

CFPB Monitor

JUNE 11, 2015

The other agencies were the OCC, Fed, FDIC, NCUA and SEC. Dodd-Frank Section 342 required the CFPB and other agencies to create an Office of Minority and Women Inclusion (OMWI) and directed each OMWI to develop standards for assessing the diversity policy and practices of entities regulated by the agency.

Regulation 60

Regulation FDIC Policies Compliance 60

Independent Banker

FEBRUARY 24, 2016

Just about every community bank makes commercial real estate loans. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Regulatory oversight is nothing new for Chris Courtney, president and CEO of Oak Valley Community Bank in Oakdale, Calif.

Community Bank 70

Community Bank Lending Community Regulation 70

Social Assurance

DECEMBER 13, 2019

The long-anticipated proposed amendments to the Community Reinvestment Act (CRA) have finally been released! Significant changes are in store for financial brands and a quick preview is available in the joint statement released by the FDIC and OCC. Are you ready to learn about all the changes in store?

Community 15

Community Branding Compliance Meeting 15

Social Assurance

DECEMBER 13, 2019

The long-anticipated proposed amendments to the Community Reinvestment Act (CRA) have finally been released! Significant changes are in store for financial brands and a quick preview is available in the joint statement released by the FDIC and OCC. Updated Rules for Activities.

Community 15

Community Branding Regulation Compliance 15

Independent Banker

SEPTEMBER 22, 2015

In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas. There is an exception that will be key for many community banks to understand.

Regulation 70

Regulation Policies Community Bank Taxes 70

Jeff For Banks

JUNE 1, 2015

The FDIC Pocket Guide for Directors identifies the Board's responsibilities as: - Select and retain competent management. Monitor operations to ensure that they are controlled adequately and are in compliance with law and policies. Ensure the institution helps to meet its community's credit needs. .

FDIC 60

FDIC Industry Groups Management 60

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

MAY 7, 2020

The Bureau encourages entities to consider using the Bureau’s new innovation policies (e.g. No-Action Letter Policy) to address potential compliance issues. The Bureau focused on whether there is discrimination in policies and practices governing underwriting and pricing. Small business lending. Student loan origination.

Lending 78

Lending Report FDIC Policies 78

Jeff For Banks

MARCH 29, 2014

We believe we can effectively compete as a community bank in our market area and the niche markets we serve. Since the fourth quarter, 2012, we have expanded to serve the small business community by offering loans guaranteed by the Small Business Administration as well as the U.S. We focus our marketing efforts in three areas.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

CFPB Monitor

DECEMBER 16, 2020

Chairman Waters and members of her staff are expected to have a strong voice in shaping the Biden Administration’s approach to financial services regulatory policy. The OCC and FDIC should rescind their Madden -fix rules and the OCC should rescind its “true lender” rule.

Policies 78

Policies Regulation Lending FDIC 78

FICO

DECEMBER 19, 2018

While many believe that the partisan divide will grow in 2019, this does not mean that all bank-related public policy proposals will be stuck in neutral. Regulators Will Make Major Strides Towards Reaching Consensus on Modernizing the Community Reinvestment Act. Since the November elections, much of the talk here in Washington, D.C.

Policies 40

Policies District of Columbia Regulation California 40