Abrigo

SEPTEMBER 22, 2015

Earlier this month the Federal Financial Institutions Examinations Council (FFIEC) announced that it plans to lighten the regulatory load for small financial institutions by cutting back on data required for an institution’s quarterly call reports. The article allowed banking executives to weigh in on the subject.

Community Bank 150

Community Bank Community FDIC Survey 150

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. Data collection, recordkeeping, and reporting.

FDIC 78

FDIC Lending Retail Compliance 78

South State Correspondent

APRIL 1, 2023

8 report, published last Friday, provides an interesting snapshot of the banking system’s assets and liabilities through March 22. The proposed regulations will impact about 30 banks, and the concepts will filter down to larger community banks between $50B and $100B. Deposit Balances The Fed’s H.8

Regulation 221

Regulation Community Bank Community Capital 221

CFPB Monitor

MARCH 25, 2020

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

FDIC 60

FDIC Policies Regulation Training 60

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. ” Click here to register.

FDIC 78

FDIC Regulation Community Retail 78

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. It prioritized customer experience gains over back-end improvements, such as a digital way for flight crews to report their locations and availability.

Technology 195

Technology Lending Community Software 195

Abrigo

SEPTEMBER 14, 2022

Takeaway 2 Section 1071 would require the collection and reporting of 13 specific data points and allow the CFPB to require additional data. The CFPB plans to issue a final rule implementing Section 1071 small-business reporting requirements by the end of March 2023, according to court filing. The proposed rule , unveiled Sept.

Lending 195

Lending Data Regulation Community 195

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. By Karen Hoffman. Benjamin Franklin famously said that “by failing to prepare, you are preparing to fail.”

Compliance 101

Compliance Regulation Community Bank Community 101

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

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported.

FDIC 134

FDIC Community Community Bank National 134

CFPB Monitor

MAY 7, 2020

The CFPB’s annual fair lending report covering its 2019 activities is scheduled to be published in tomorrow’s Federal Register. No-Action Letter Policy) to address potential compliance issues. The new report does not discuss the Bureau’s plans to reexamine the disparate impact doctrine in light of the U.S. to 1 p.m.

Lending 78

Lending Report FDIC Policies 78

Abrigo

JANUARY 8, 2016

A lengthy report released recently by the U.S. 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. “For

Regulation 150

Regulation FDIC Survey Community Bank 150

Abrigo

DECEMBER 22, 2023

Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. Read this blog for ten key reports on capital, growth, and liquidity that can help financial institutions identify increased risk and shape strategy in tricky conditions.

Risk Management 222

Risk Management Regulation Management Lending 222

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

Community 131

Community FDIC Lending Survey 131

PYMNTS

FEBRUARY 15, 2019

As reported, the U.S. As noted in this space late last year, five federal agencies spoke out, and presented a statement that detailed how credit unions and banks could share resources to make Bank Secrecy Act compliance efforts more streamlined. Beyond individual company news, Newsweek reported that, per the U.S.

Compliance 122

Compliance Fraud United States FDIC 122

Jeff For Banks

MAY 16, 2015

Today, Board reports closely resemble War and Peace. We don't want to be criticized that our Board was uninformed, so that little embarrassment about the audit exception that turned into employee fraud is on page 262 of your Board report. Here is what I suggest for Board reporting: 1. Budget variance reports 3.

Report 60

Report Policies Risk Management Meeting 60

Abrigo

JULY 10, 2023

Your financial institution can help build awareness and encourage best practices for protecting personal information by providing educational materials to your community. You can also proactively prevent fraud losses and protect your community with fraud detection software.

Fraud 150

Fraud How To social media Security 150

PYMNTS

MAY 22, 2018

That change would become effective 18 months after the bill is enacted — though the SIFI designation immediately lift for banks with assets under $100 billion, according to a Height Research report by Ed Groshans, senior vice president at the firm. As of late Tuesday afternoon, the bill, which has passed the U.S.

Regulation 100

Regulation Regional Community Innovation 100

Social Assurance

MAY 22, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s (CRA) framework. While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. Revised Reporting Guidelines. Key Takeaway.

Compliance 29

Compliance Regulation Community Guidelines 29

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

CFPB Monitor

AUGUST 4, 2020

The Federal Reserve Board (“FRB”) also issued examiner guidance on the credit reporting and mortgage servicing provisions of the new federal CARES Act. On July 7, 2020, the FRB’s Consumer and Community Affairs Division issued examination procedures that relate to the credit reporting and mortgage servicing provisions of the CARES Act of 2020.

Handbook 78

Handbook Regulation CA Exercises 78

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. This is the second in a series of five blog posts about the final rule.

Community 97

Community Lending Meeting Retail 97

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. It can also reduce the time spent on documenting decisions and report writing. 42% expect similar reserve levels.

Survey 195

Survey Software Resources Meeting 195

FICO

JANUARY 13, 2020

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. The road to modernizing the Community Reinvestment Act will include some speed bumps. I say Congress gets a deal done in 2020. by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Community Bank of the Heartland, Inc.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. Thomas, Ph.D., Click here for more information and to register.

Community 60

Community FDIC Lending Examples 60

Social Assurance

JULY 10, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s framework. While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. Revised Reporting Guidelines. Key Takeaway.

Compliance 15

Compliance Regulation Community Guidelines 15

CFPB Monitor

DECEMBER 16, 2020

The OCC and FDIC should rescind their Madden -fix rules and the OCC should rescind its “true lender” rule. The CFPB should rescind its no-action letter policy, trial disclosure program, and compliance assistance sandbox. The DOJ, CFPB, and federal banking regulators should prioritize fair lending enforcement.

Policies 78

Policies Regulation Lending FDIC 78

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

American Banker

MARCH 16, 2016

on Wednesday over a watchdog report that said the agency used abusive tactics to stop banks from offering refund anticipation loans. Lawmakers sharply criticized the Federal Deposit Insurance Corp.

FDIC 28

FDIC Report Community Bank Community 28

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. Increased Emphasis on Services and Investment.

Community 15

Community Branding Regulation Compliance 15

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). We believe we can effectively compete as a community bank in our market area and the niche markets we serve. Department of Agriculture.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

CFPB Monitor

OCTOBER 13, 2020

The comments can be viewed on the Regulations.gov website , which is reporting the filing of over 700 comments on the Proposed Rule (with 548 having been posted as of the date of this blog). By contrast, all 26 House Financial Services Committee Republicans wrote the OCC and the FDIC in support of the rulemaking.

Lending 60

Lending Colorado FDIC National 60

Independent Banker

AUGUST 26, 2015

Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. Legal aspects. Howard Schneider is a financial writer in California.

San Francisco 70

San Francisco Lending System Atlanta 70

American Banker

JULY 25, 2016

Regulators are removing several items from call reports, including details on troubled-debt restructurings and loss-share portfolios. Bankers are pleased, but the absence of certain data could frustrate outsiders.

Report 28

Report Regulation Data FDIC 28

PYMNTS

AUGUST 29, 2018

The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in low-income areas. Under the rules, banks have to provide mortgages and credit products to low-income communities in which they accept deposits. and Federal Reserve.

Community 100

Community FDIC Compliance Regulation 100