CFPB Monitor

DECEMBER 1, 2022

The plaintiffs argue first that they are entitled to summary judgment based on the decision in Community Financial Services Association of America Ltd. The update violates the APA’s notice-and-comment requirement because it is a legislative rule that imposes new substantive obligations on regulated entities. Constitution.

Texas 78

Texas Groups Exercises Community 78

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

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. It can clarify roles and responsibilities, encourage timely communication and help community banks operate more efficiently. When the pandemic hit in early 2020, mitigating risk took on a whole new meaning for community banks. By Susan Springer.

Oregon 91

Oregon Community Bank Community Meeting 91

Abrigo

NOVEMBER 8, 2019

Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process. However, the lack of prescriptive guidance on how to effectively stress the loan portfolio has created challenges for some community financial institutions. CECL Regulation.

Lending 150

Lending Risk Management Analysis Capital 150

PYMNTS

OCTOBER 15, 2018

Financial Conduct Authority (FCA) and the Prudential Regulation Authority, as well as shareholders’ votes in favor of the deal. Earlier this year, Virgin Money introduced enhanced SMB services, including its small business deposit account; the merger will continue that effort to enhance digital banking for the small business community.

Exercises 166

Exercises Branding Customer Experience Course 166

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. Community financial institutions are familiar with utilizing their asset/liability management solutions to limit the risk of rising interest rates.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

JULY 10, 2020

Regulation Vs. Market Forces. In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,” In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,” It’s been a coordinated effort — regulatory-driven, highly standardized and thrust upon the banking community.

Data 272

Data Innovation Fintech Illinois 272

CFPB Monitor

NOVEMBER 28, 2022

Supreme Court granted the unopposed request of the Community Financial Services Association for a 30-day extension until January 13, 2023 to file its brief in opposition to the CFPB’s certiorari petition seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. Last week, the U.S.

Conference 78

Conference Exercises Community Regulation 78

BankUnderground

OCTOBER 18, 2022

They argue that these risks are not currently included within risk weights in the banking prudential framework and that regulators should adjust the framework to include them. Importantly, there is now broad agreement that climate change will create risks to the financial system that regulators should address.

Analysis 95

Analysis Regulation Capital Policies 95

CFPB Monitor

OCTOBER 27, 2022

Earlier that same month, the CFPB announced it would exercise its supervisory authority under the Consumer Financial Protection Act to scrutinize discriminatory conduct as an unfair practice independent of federal fair lending laws. which is being challenged in court by the U.S. Consumer Financial Protection Bureau.

Groups 78

Groups Exercises Lending Policies 78

BankUnderground

MARCH 1, 2021

During these negotiations Catto lobbied for the Bank not to be given more powers to regulate banks. The negotiations went smoothly on the whole but, according to records in the Bank’s archives, Catto declared himself during one meeting at the Treasury to be ‘strongly against any legislation giving powers to regulate the banks’.

Policies 124

Policies Regulation Meeting Industry 124

CFPB Monitor

NOVEMBER 15, 2022

Supreme Court seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. The CFPB has filed a certiorari petition with the U.S. CFPB that held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S. Constitution.

Exercises 148

Exercises Lending Conference America 148

PYMNTS

SEPTEMBER 15, 2017

If that uncertainty isn’t loosening hodlers’ hodl, it seems unlikely that bad press, bitcoin ICO bans and regulation in China, derision from JPMorgan CEO Jamie Dimon or prophecies of a bursting bubble will do it either. Last week, Chinese regulators went one step further and banned ICOs. percent this week. Banned in China.

Bitcoin 177

Bitcoin cryptocurrency blockchain Regulation 177

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. Having said that, I believe very strongly that community banks have a bright future, and they don’t need to ease or lower their standards to build market share.

Community Bank 70

Community Bank Community Regulation Compliance 70

Abrigo

NOVEMBER 24, 2014

While there aren’t set requirements in place for those under $10 billion in assets, interagency expectations have been set for stress testing by community banks. Many banks, even following the recent economic crisis, maintain high concentrations of commercial real estate (CRE) or are targeting the segment for growth.

How To 223

How To Analysis Exercises Data 223

Independent Banker

MARCH 15, 2015

What’s your community bank’s compliance culture? It’s a question regulators are asking more often these days. Culture is an elusive concept, but compliance-minded community banks often share several traits. Compliance must be an entrenched part of a community bank’s daily activities, at every level. Corporate Capability.

Compliance 70

Compliance Community Bank Community Regulation 70

Filene

SEPTEMBER 30, 2016

After monitoring the ongoing conversation around the CFPB proposed regulations on Payday lending and other types of high cost installment loans, Filene takes a unanimous stance on the issue: Educate yourself on the proposed regulations, form an opinion, and submit a comment! The need for small dollar lending is huge. What To Do.

Lending 28

Lending Regulation Innovation Community 28

Independent Banker

AUGUST 25, 2016

Advocacy Advocate—ICBA’s Joshua Harbursky works to assist community bankers with their industry policy engagement with lawmakers and regulators. ICBA has a great infrastructure in place and a lot of active advocates among community bankers. Anyone with an interest in promoting community banks can be an ICBA advocate.

Washington 72

Washington Community Bank Policies Community 72

CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

Regulation 78

Regulation California Exercises Compliance 78

NCR

JANUARY 23, 2018

“There is huge consensus and momentum behind the future-proofing exercise of the industry’s search for a new model for ATMs in today’s mobile world. has raised concerns over the availability of free ATMs, particularly in rural communities that rely on these machines to access cash.

ATM 49

ATM Industry Exercises Community 49

Abrigo

SEPTEMBER 5, 2023

Non-recourse loans While the bank historically has not experienced excessive levels of charge-offs due to loans not having one or more guarantors, there is considerable evidence to show that the options available to resolve a problem situation, as well as the costs incurred to exercise such options, are adversely affected by the lack of guarantees.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

JUNE 16, 2016

He added, “While we continue to have strong concerns with the costs related to CECL’s life of loan loss concept, we are committed to working with both regulators and auditors to ensure banks of all sizes can meet the implementation challenges of the new standard.” 15, 2019.

Resources 150

Resources Exercises Lending Community 150

BankBazaar

SEPTEMBER 27, 2020

This will be a good budget practice exercise for you as you will learn how to save money. They have the power to visualise the consequences of their actions and that helps them to self-regulate themselves from indulging into harmful activities. When you work as a community, you will be more involved in budgeting, saving and investing.

US 78

US Regulation Exercises Management 78

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes.

Report 78

Report Regulation Policies Compliance 78

ABA Community Banking

SEPTEMBER 8, 2015

First “live” DFAST exercise yields mixed results for banks and regulators Management Duties Risk Management Operational Risk.

Exercises 40

Exercises Risk Management Regulation Operations 40

CFPB Monitor

JANUARY 31, 2022

In addition, federally-chartered banks have the right to preempt state limits on certain fees and a bank’s exercise of that right to charge a greater amount does not mean the bank is charging an amount that is “exploitative and excessive.”.

Cards 78

Cards Regulation National Payments 78

Money and Payments

AUGUST 14, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find the disputed requirement(s) in the EU regulation?

Regulation 36

Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find this requirement in the EU regulation?

Regulation 36

Regulation Data Maine Operations 36

PYMNTS

NOVEMBER 29, 2017

And struggling in a variety of ways — because while the cannabis industry’s troubles with payments are fairly well known, they are part of a virtual buffet of headaches companies in the cannabis business have to endure when managing their heavily regulated supply chain. Those negative effects have had some real and very measurable effects.

blockchain 102

blockchain Industry District of Columbia Florida 102

Independent Banker

FEBRUARY 16, 2015

Here are two “executive playbook” steps to consider while preparing your community bank’s BSA/anti-money laundering risk assessment program. What are the specific products, services, customers, entities and geographic locations unique to your community bank? Compliance Corner General Highlighting Regulation & Compliance'

Analysis 70

Analysis Compliance Community Exercises 70

PYMNTS

JUNE 19, 2020

But fending off an increasingly aggressive Congress wasn’t Amazon’s only exercise in self-defense this week. antitrust regulators’ crosshairs over how it treats third-party sellers , Walmart and Shopify might have found a way to combine their powers to steal a bit more of Amazon’s territory. million sellers on its platform.

Security 141

Security Georgia Branding Course 141

CFPB Monitor

SEPTEMBER 25, 2015

” In delineating its assessment area under the Community Reinvestment Act (CRA), the bank excluded most of the majority-Black-and-Hispanic neighborhoods in the NY/NJ and Camden MSAs. One wonders whether the CFPB and DOJ consulted with the OCC, the bank’s prudential regulator, about the terms of the proposed consent order.

NJ 60

NJ New Jersey New York Philadelphia 60

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

Independent Banker

JANUARY 31, 2023

Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks. Learn what this means for the industry and how community banks can stay in compliance. How the circular will affect community banks is not entirely clear.

Community Bank 91

Community Bank Community Compliance Regulation 91

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. Community bankers, pack your bags for Washington, D.C. After a year of virtual visits, the ICBA Capital Summit —the most high-profile and powerful community bank advocacy event of the year—is back in person May 1–4.

Community 180

Community Washington Community Bank Capital 180

Lex Sokolin

DECEMBER 31, 2020

and try to answer with the word “community”. If you want some earlier thinking on China and CBDC design options, see War over Money reaches new heights, as Libra opts into regulation, China launches national blockchain, and Financial Stability Board raises alarm. Much of this is an exercise in grim arithmetic. They all (i.e.,

Fintech 52

Fintech Bitcoin blockchain Google 52

Lex Sokolin

DECEMBER 31, 2020

and try to answer with the word “community”. If you want some earlier thinking on China and CBDC design options, see War over Money reaches new heights, as Libra opts into regulation, China launches national blockchain, and Financial Stability Board raises alarm. Much of this is an exercise in grim arithmetic. They all (i.e.,

Fintech 52

Fintech Bitcoin blockchain Google 52