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

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

Jeff For Banks

DECEMBER 10, 2023

As a reference, the best SIFI bank in five-year total return this year was JPMorgan Chase at 29th overall. As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 7, 2023 was 23.32%. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. Congratulations! #5

Fresno 101

Fresno North Carolina Raleigh FDIC 101

CFPB Monitor

JANUARY 24, 2022

In its press release , the OCC stated that its approval “brings SoFi, a large fintech, inside the federal bank regulatory perimeter, where it will be subject to comprehensive supervision and the full panoply of bank regulations, including the Community Reinvestment Act.

National 78

National Fintech Company FDIC 78

CFPB Monitor

AUGUST 5, 2021

He also testified that there is an ongoing interagency effort to address the “$35 coffee” concern, which is a reference to a scenario in which a consumer incurs a series of large overdraft fees as a result of using a debit card to make a series of small dollar purchases. Community Reinvestment Act.

Data 78

Data FDIC Community Analysis 78

Abrigo

SEPTEMBER 5, 2023

As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. Of course, for this to work, there can be no references to exceptions in other credit policies in the institution. Get details in "A guide to implementing credit policy."

Policies 195

Policies Lending Risk Management Examples 195

Jeff For Banks

DECEMBER 16, 2022

As a reference, the best SIFI bank in five-year total return this year was JPMorgan Chase at 82nd overall. As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 9, 2022 was -1.21%. Not so over the eleven years I have been keeping track. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

FEBRUARY 15, 2019

Those agencies include the aforementioned FinCEN, the Federal Reserve , the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC). The unit ultimately wrote off $685 million.

Compliance 122

Compliance Fraud United States FDIC 122

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

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

Community Bank 172

Community Bank Community Montana Taxes 172

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. Also, its legislative history refers to the Bureau’s antidiscrimination authority in the context of ECOA and HMDA, while referring to the Bureau’s UDAAP authority separately. Chamber of Commerce.

Groups 145

Groups West Virginia Policies Virginia 145

CFPB Monitor

MARCH 9, 2017

The bill has been referred to the Senate Committee on Homeland Security and Governmental Affairs. ” In addition to the CFPB, the other independent regulatory agencies currently excluded from OIRA review by Executive Order 12866 include the Federal Reserve, the FCC, the FDIC, the FTC, and the OCC.

FDIC 96

FDIC Regulation Analysis Policies 96

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

AUGUST 1, 2016

The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. Let’s say an investor group, tired of big banks making decisions about their communities hundreds of miles away, decide to explore starting a bank. For reference, the S&P 500 grew 9.2%

FDIC 60

FDIC New Hampshire Regulation Capital 60

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). Recently, federal agencies proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance.

Policies 60

Policies Compliance Meeting Regulation 60

Jeff For Banks

APRIL 29, 2021

The challenge was that it was a book designed for community financial institutions. While writing we quickly realized we needed permissions to include references and graphics. The subtitle came from a virtual conference where Jelena McWilliams, the FDIC Chair, said those words. Very niche. Not a large audience.

Conference 78

Conference social media Capital Marketing 78

Jeff For Banks

MARCH 27, 2010

This line of reasoning centers on cost of deposits and equates high-cost deposits with less loyal customers… commonly referred to as “hot money”. They troll the web for best rate banks, assuming one depository with FDIC insurance is no better than another. Jeff BancVue’s comment letter to the FDIC [link].

Indiana 60

Indiana FDIC Strategy Regulation 60

Jeff For Banks

AUGUST 22, 2014

My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. trillion in assets , while bank assets in all FDIC insured financial institutions was $14.7 trillion for the same period.

Retail 84

Retail Tools Management Taxes 84

PYMNTS

OCTOBER 29, 2018

Facebook … and the Facebook Community. And its future is very much in the hands of a community that thinks differently about Facebook today, with many now thinking twice about how and how often they use it. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Google … and Ad-Supported Search .

Payments 196

Payments Google Apple Innovation 196

CFPB Monitor

MAY 7, 2020

In 2019, the Bureau referred three ECOA matters to the DOJ, with such matters involving (1) a pattern or practice of redlining in mortgage origination based on race, (2) discrimination based on public assistance in mortgage origination, and (3) discrimination based on race and national origin in auto origination.

Lending 78

Lending Report FDIC Policies 78

CFPB Monitor

OCTOBER 13, 2020

The Independent Community Bankers of America, a trade association representing community banks, endorses the clear, unambiguous standard set forth in the Proposed Rule. It specifically asks the OCC to clarify that a “loan” does not include a retail installment contract and “funding” does not refer to warehouse funding.

Lending 60

Lending Colorado FDIC National 60

PYMNTS

OCTOBER 11, 2017

Today’s rule release was years in the making, and it wouldn’t have been possible without the tireless effort of community and faith leaders, consumer and civil rights advocates and countless people across the country who organized and worked hard to make their voices heard,” said Michael Calhoun, president of the Center for Responsible Lending. “Too

Lending 109

Lending Regulation Guidelines FDIC 109