Abrigo

AUGUST 8, 2021

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. 2020 Interagency Guidance. In many ways, they also provided more general guidance to financial institutions.

System 195

System Lending Policies Regulation 195

PYMNTS

JULY 14, 2020

percent annual percentage yield (APY), an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,’” a statement said. Leveraging Risk the Right Way. Not all of the action in BNPL is in the top 5, of course.

Lending 130

Lending FDIC Minneapolis Utah 130

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Of course, there are numerous other excellent banking podcasts available that are worth a listen. Banking Resources.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

NOVEMBER 29, 2021

In theory, this potential regulatory clarity sounds promising – but of course, the devil is in the details, and the final product will need to judged according to its actual utility. The Joint Statement also notes that the Agencies will evaluate bank capital and liquidity standards for crypto assets for activities involving U.S.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

Independent Banker

FEBRUARY 24, 2016

Obviously these local lenders took notice when the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency recently issued a joint statement pointing out increased risks in CRE lending. He believes that in the area of credit risk, “the warning lights are flashing yellow.” Responsible lending.

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

JULY 16, 2018

Macy’s is, of course, just the latest retailer in a long string to be hit with such a breach. Citizens access will offer consumers FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. A lot of big buys — and according to its CEO, it is just getting started.

Cards 100

Cards Data Digital Banking Retail 100

CFPB Monitor

APRIL 28, 2022

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147

Report FDIC Regulation Security 147

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Numerous regulatory resources go into detail, including fair lending videos from the FDIC and examination procedures published on the Consumer Financial Protection Bureau’s website.

Compliance 195

Compliance Lending Risk Management Regulation 195

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. By Ed Avis. Methodology. Photo by Steve Puppe.

Community Bank 172

Community Bank Community National Philadelphia 172