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How to reduce the regulatory burden on community banks

Abrigo

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.

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How to Choose a Hedge Provider as a Bank

South State Correspondent

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

How To 195
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HUD Issues Final Rule Permitting Private Flood Insurance with FHA Loans

CFPB Monitor

As previously reported in February 2019 federal regulators issued a joint final rule (the “Joint Final Rule”) to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the “Act”) that require regulated financial institutions to accept private flood insurance policies.

Policies 148
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How the 2022 Stress Test Scenarios Can Help Small Banks & Credit Unions

Abrigo

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. The 2022 stress test scenarios provide a blueprint for community banks and credit unions to get started on their own stress tests.

Capital 195
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Human Trafficking: Ukraine in Crisis

Abrigo

Ukraine War Creates Human Trafficking Crisis War, forced migration, and lack of governmental oversight lead to human traffickers seizing the opportunity to exercise their illicit activity. The United Nations reports that there are approximately 40.3 Would you like others articles like this in your inbox?

Training 195
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Virgin Money Buyout By CYBG Receives All-Clear

PYMNTS

Financial Conduct Authority (FCA) and the Prudential Regulation Authority, as well as shareholders’ votes in favor of the deal. “Today marks an historic milestone for CYBG and Virgin Money , creating the first true national competitor to the status quo in U.K. on Monday (Oct. ” said Duffy in a statement.

Exercises 166
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Guidance on TDRs Eases Coronavirus Workout Pressures

Abrigo

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.

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