Gonzobanker

FEBRUARY 1, 2024

Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.”

Conference 88

Conference FDIC Arizona Industry 88

Jeff For Banks

JUNE 20, 2017

In order to get federally sponsored deposit insurance, that is industry self-funded mind you, the Federal government and state governments set up a regulatory scheme to ensure the safety of customer deposits. The banking system is stable, which is critical to national and state economies. All have benefited. Depositor money is safe.

Data 60

Data FDIC Regulation Washington 60

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. The hope for many in the industry is that this call report plan is the first step toward changing regulations to make some more community bank-friendly.

Community Bank 150

Community Bank Community FDIC Survey 150

PYMNTS

AUGUST 7, 2019

Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. The jury is still out on the future of opening banking in the U.S.

Fintech 181

Fintech Strategy Resources Payments 181

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. They even mentioned that these approaches “can maximize utilization of banks’ BSA/AML compliance resources.” But is it possible? Federal encouragement starts now.

Regulation 70

Regulation Compliance Analysis Innovation 70

FICO

DECEMBER 20, 2018

Indeed, we are already starting to see signs of distress among community and regional banks that lack the advertising budgets and sophisticated digital capabilities of the big national banks. As always, FICO stands ready to help your organization navigate our rapidly changing industry. Payday Lenders Will Face More Robust Competition.

Trends 73

Trends Lending Fraud Exercises 73

CFPB Monitor

JUNE 15, 2020

The OCC acted alone in issuing the final CRA rule without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule. Until the compliance date is reached, banks must continue to comply with parts 25 and 195 of the OCC’s regulations (12 C.F.R.

Community 60

Community FDIC Lending Examples 60

Independent Banker

AUGUST 26, 2015

The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. Fewer errors.

San Francisco 70

San Francisco Lending System Atlanta 70

Gonzobanker

AUGUST 22, 2014

While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. This simply won’t cut it in the fast-consolidating, commoditized industry we call banking today.

Strategy 87

Strategy United States Community New York City 87

Independent Banker

SEPTEMBER 22, 2015

Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. At first blush, this new general rule might provide for considerable fear among compliance and lending personnel. This language will be effective in the agency flood regulations on Oct.

Regulation 70

Regulation Policies Community Bank Taxes 70

CFPB Monitor

DECEMBER 7, 2022

The hearing was held to discuss historical and ongoing discrimination in the financial services industry, and the roles of Congress and regulators in addressing these issues. Lisa Rice, President and CEO, National Fair Housing Alliance; Mr. Marc H. The witnesses included: Ms.

Community 78

Community Compliance Industry National 78

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association. By Ed Avis. Methodology. Ag Lender Score. Mason City.

Community Bank 172

Community Bank Community National Philadelphia 172

American Banker

JULY 13, 2016

Millennium Bank is said to have been the target of an enforcement action related to its work with the pot industry. The episode shows why many banks remain reluctant to serve the fast-growing cannabis industry.

Illinois 28

Illinois Industry FDIC Community Bank 28

CFPB Monitor

JULY 12, 2022

However, regulators themselves have been criticized for encouraging de-risking by driving highly risk-adverse decisions by FIs, who are unwilling to take the chance and assume the compliance costs of doing business with specific customers who may in fact be “legitimate,” but whose risk profile is deemed to be high due to their group affiliation.

Regulation 78

Regulation ATM Operations Policies 78

William Mills

SEPTEMBER 9, 2016

Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind. Companies such as Adidas, Carrefour, Cisco Systems, Danone, Fujitsu, Lufthansa Flight Training, Siemens, Société Générale and the United Nations use Liferay.

social media 40

social media ATM Mobile Customer Experience 40

Jeff For Banks

MARCH 29, 2014

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. We focus our marketing efforts in three areas. We serve our local geographic market which is the Dallas - Fort Worth metropolitan area.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

CFPB Monitor

JUNE 25, 2020

The final CRA rule is an effort by the OCC to provide objective measures to evaluate the CRA performance of national banks and savings associations supervised by the OCC (including federal and state-chartered savings associations and uninsured federal branches of foreign banks).

Community 97

Community Lending Meeting Retail 97

Abrigo

JULY 22, 2022

Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Takeaway 3 Financial institutions should notify the FDIC of crypto-related activity and be familiar with the risks of the cryptocurrency world. . Crypto turbulence.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

FEBRUARY 14, 2019

Despite 47 states having some form of legalized marijuana for sale, the legal cannabis industry exists in a state of potentially dangerous uncertainty when it comes to financial services. But banks, credit unions and card networks shy away from that industry, despite its revenue potential, due to concerns about federal regulatory punishment.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

13), banking and credit union executives, along with representatives from law enforcement and the cannabis industry, went before lawmakers to argue in favor of change. But banks, credit unions and card networks — understandably —shy away from that industry despite its revenue potential due to concerns about federal regulatory punishment.

Oregon 115

Oregon Colorado Operations Washington 115

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60

CFPB Monitor

JANUARY 9, 2017

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Jordan is currently President and CEO of a government relations firm that specializes in strategic business development and President of the National Black Republican Leadership Council.

Leadership 60

Leadership FDIC Policies Compliance 60

FICO

DECEMBER 19, 2018

Below, are my predictions (they’re more like educated guesses) on some important issues of interest to the banking industry. This month, the FCC approved the creation of a National Reassigned Number Database to address the nearly 100,000 wireless numbers that are reassigned each day.

Policies 40

Policies District of Columbia Regulation California 40