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FDIC issues “Madden fix” rule addressing state bank loan interest rates after assignment

CFPB Monitor

The FDIC has issued its widely anticipated final rule resolving the uncertainty caused by the Second Circuit’s Madden v. The FDIC’s Notice of Proposed Rulemaking (“NPR”) was published the same week as an OCC proposed rule intended to address the same issue for national banks under Section 85. Midland Funding decision. to 1:00 p.m.

FDIC 60
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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Turn up “Whole Lotta Love” and let the pure adrenalin rush of Jimmy Page’s intro accompany this year’s Acquire or Be Acquired recap … In the ever-evolving world of banking, Bank Director’s Acquire or Be Acquired Conference remains a constant. Concerns about successors to today’s executive leadership teams dominated many presentations.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Guests and Marksberry typically talk leadership, life, and advice for listeners, all while telling stories of their journeys to leadership in the financial sector. It is a living-room-chat style podcast with other credit union executives, consultants, and business owners from Colorado and elsewhere around the world.

Community 195
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Hot Topics: How to Prepare for Your Next BSA Exam

Abrigo

A nice conference room is a much more pleasant work environment and may give way to happy examiners. FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. Arrange for nice accommodations. Commit resources.

How To 195
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How to Get Off the Hot Rate Ferris Wheel

Jeff For Banks

I recently spoke at the DCI Annual Users Conference and the ABA Bank Marketing Conference about, among other things, how bankers can get off the the "hot rate" kick. But they may not be in their operating account or some special purpose savings accounts where they want the FDIC insurance and efficient transaction processing.

How To 78
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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports. making it one of the nation’s first new community banks in years.

Marketing 108
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CFPB Director Chopra warns banks—and bank executives—about overdraft practices

CFPB Monitor

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray.