Jeff For Banks

JANUARY 12, 2019

Then, as now, my working theory is that the best boards are ones that approve strategy and hold management accountable for achieving it, and effectively dispatch their duties as described by the FDIC above. Seldom answered. Each board member is an ingredient in the effectiveness of the entire board.

Community Bank 60

Community Bank Community FDIC Dallas 60

Abrigo

JULY 10, 2023

As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant. Best practices Addressing AI fraud in your policies AI fraud can be particularly tricky because it impacts how financial institutions verify customers’ identities.

Fraud 150

Fraud How To social media Security 150

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Less than a year in, our approach is already paying dividends, with significant changes in bank overdraft policies and major reforms in the reporting of medical debt to consumer credit reports.

Groups 145

Groups West Virginia Policies Virginia 145

Jeff For Banks

NOVEMBER 6, 2011

To resuscitate the economy, the Fed is doing everything possible to keep interest rates low through monetary policy. First dropping the Fed Funds rate to near zero, and most recently with Operation Twist designed to guide long-term rates even lower. This has kept investment options for community financial institutions at historic lows.

Community 67

Community New York FDIC Philadelphia 67

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. Community banks often already have the expertise handy in-house, they say. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Jeff For Banks

MARCH 5, 2021

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 operating cost is largely attributable to the distribution through the branch network and regulation. A very high hurdle in an LMI neighborhood.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Abrigo

NOVEMBER 9, 2022

How has CECL implementation impacted their operations and reserves for credit losses? CECL's impact on operations. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. Prepare documentation—policies and procedures—as you go. Another 10% have already engaged a third party.

Survey 195

Survey Software Resources Meeting 195

FICO

OCTOBER 4, 2016

with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). Adopted in 1977, the CRA is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

Lending 74

Lending Data Community FDIC 74

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., See sidebar for details on the tool itself.).

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., See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

Jeff For Banks

MAY 16, 2015

Other business such as approving policy changes, large/exception credits requiring Board approval as per policy. Aside from including a whole policy (changes are blacklined so Board member doesn't have to search for them), or a credit package, I can't see why a Board package has to be more than 100 pages.

Report 60

Report Policies Risk Management Meeting 60

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. increased operational risks. By Karen Hoffman. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

CFPB Monitor

DECEMBER 3, 2015

Morgan is an Assistant Vice President in the New York Fed’s Research and Statistics Group, and Mr. Strain was formerly with the NY Fed and is currently Deputy Director of Economic Policy Studies and a resident scholar at the American Enterprise Institute.

Lending 60

Lending Study New York Kansas 60

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

MARCH 31, 2017

FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication.

FDIC 186

FDIC Risk Management Analysis Lending 186

CFPB Monitor

MARCH 10, 2022

Such other agencies include the CFPB, FTC, Federal Reserve Board, FDIC, and OCC. Through this group, the FLEC will work to develop consumer-friendly, trustworthy and consistent educational materials, tools and outreach to help consumers make informed choices about digital assets.”

FDIC 148

FDIC National cryptocurrency Leadership 148

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving.

Lending 195

Lending Data Regulation Community 195

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. We serve the dental and other health professional industries through a centralized loan and deposit platform that operates out of our main office in Dallas, Texas and serves clients in 30 states. Department of Agriculture.

Strategy 102

Strategy Texas San Antonio Fort Worth 102

CFPB Monitor

DECEMBER 8, 2022

the SEC for registered brokers or dealers) or, if Section 2 does not assign a “primary financial regulatory agency,” the FDIC. The ILCs subject to this FDIC authority would include ILCs approved for deposit insurance on or before September 23, 2021. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.).

FDIC 78

FDIC Company Industry Regulation 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. While the database is not expected to be operational for several years, the FCC did provide for a safe harbor that will protect those that leverage the database from TCPA liability.

Policies 40

Policies District of Columbia Regulation California 40