Independent Banker

DECEMBER 31, 2022

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. But now, the regulators are raising the bar … and rates can’t stay at this level forever.”.

Compliance 101

Compliance Regulation Community Bank Community 101

CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. While several states oppose the preemption of state usury laws in the context of bank/nonbank partnerships, federal banking regulators have taken a different stance.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

MARCH 15, 2022

The OCC’s attempt to provide a clear bright line test for determining when a bank is the “true lender” in a bank-model program through a regulation was overturned by Congress under the Congressional Review Act.) Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

California 78

California Innovation Utah West Virginia 78

PYMNTS

JUNE 14, 2018

A certain amount of anonymity must be sacrificed to meet regulations like anti-money laundering (AML) compliance standards. Mezu promises anonymity, but to comply with laws and regulations, it must collect some information from users, even if that personal data is never shared or sold. Challenges.

Tools 118

Tools Virginia Cards Payments 118

Independent Banker

JANUARY 31, 2023

Learn what this means for the industry and how community banks can stay in compliance. Sound compliance management requires consistent written disclosures, procedures and actual practices. Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks.

Community Bank 91

Community Bank Community Compliance Regulation 91