ABA Community Banking

MARCH 27, 2020

Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record $110.3 The post ABA Data Bank: FDIC Insurance Fund at Record-High Balance appeared first on ABA Banking Journal.

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FDIC Data Community Bank Community 71

PYMNTS

MAY 26, 2016

House lawmakers aren’t letting up on the Federal Deposit Insurance Corporation (FDIC) when it comes to how the banking regulator handled notifications following a slew of recent data breaches. In a joint letter to FDIC Chairman Martin Gruenberg, seen by WSJ , Rep. Lamar Smith (R-TX) and Rep. Earlier this month, a U.S.

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FDIC Data Policies Meeting 102

Banking Exchange

JUNE 17, 2020

Total deposits in FDIC-insured banks increased by a record $1.2 billion between January and March, data shows Risk Management Covid19 PPP The Economy Feature Feature3 Fair Lending.

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FDIC Risk Management Lending Management 78

PYMNTS

MAY 10, 2016

Widespread data breaches used to be a dime a dozen in the headlines, but things have gone (relatively) quiet over the last few months. The Washington Post reported that the FDIC is disclosing to Congress the presence of at least five major data breaches that occurred sometime between now and Oct.

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FDIC Washington Data Policies 100

ABA Community Banking

MARCH 30, 2022

Two reports released today by the FDIC provide data on consumer lending, deposit rates and branch closures in the wake of the COVID-19 pandemic. The post New FDIC Reports Chart Continued Effect of Pandemic on Banks appeared first on ABA Banking Journal.

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FDIC Report Lending Data 60

CFPB Monitor

DECEMBER 9, 2019

The Federal Deposit Insurance Corporation (the “FDIC”) has published a request for information in the Federal Register (the “RFI”) seeking comment on approaches it uses, or is considering using, to analyze the effects of its regulatory actions and rulemaking.

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FDIC Analysis Regulation Maine 78

PYMNTS

SEPTEMBER 8, 2016

With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 percent in 2013. percent at that time). percent at that time).

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FDIC Survey Regulation Data 100

CFPB Monitor

APRIL 22, 2019

The FDIC describes the catalyst for the event as the belief that “at the intersection of research and experience lies good public policy.”. The conference features a brief introduction with Treasury Secretary Steven Mnuchin and FDIC Chairman Jelena McWilliams.

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FDIC Conference Arlington Fintech 68

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021. Fair lending.

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FDIC Compliance Lending Regulation 78

Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. The FDIC said that the percentage of loans and securities with maturities of three or more years hit the highest percentage in the 18 years of data records, rising to 34.6 Gruenberg to the list of regulators and industry officials warning about growing credit risks in the U.S.

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FDIC Lending Community Bank Industry 150

Perficient

NOVEMBER 17, 2023

Retail Deposits Defined The FDIC classifies retail deposits as demand or term deposits placed within an FDIC-supervised institution by a retail customer or counterparty, excluding brokered deposits. Deposit Balances Over Time Data for the publicly traded multi-state bank was sourced from US Bank Locations.

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Retail FDIC Risk Management Management 221

PYMNTS

OCTOBER 15, 2018

27 percent: Share of American consumers who are unbanked or underbanked, according to the FDIC. Lots to manage, lots of warning lights to watch – and a lot of consumers awaiting risk-proofed innovations. trillion: The amount of corporate debt of public companies with listed debt instruments.

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Innovation Data FDIC Management 152

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year.

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social media FDIC Analysis System 221

CFPB Monitor

JUNE 4, 2020

As the federal regulator with supervisory authority over (non-Federal Reserve member) state banks and savings associations, the FDIC continues to play an important role in the consumer protection arena. ET, PLI will offer a one-hour briefing, “Consumer Protection: What’s Happening at the FDIC.” On June 30, 2020, at 3:00 p.m.

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FDIC Groups Lending Industry 78

Perficient

JANUARY 25, 2023

Three prominent areas where there is a strong desire to optimize: Data. Institutions are seeking to clean up their data pools to enable the cultivation of insights that lead to actionable change. Eno uses artificial intelligence to analyze customer data and make personalized product recommendations, a highly effective sales tactic.

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Banking Trends Trends United States FDIC 474

CFPB Monitor

MAY 22, 2020

Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. Data collection, recordkeeping, and reporting. The final rule applies to national banks and federal savings associations.

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FDIC Lending Retail Compliance 78

CFPB Monitor

MARCH 17, 2021

On March 15, 2021, the FDIC’s Office of Minority and Women Inclusion (OMWI) released a Financial Institution Letter regarding diversity self-assessments. The FDIC’s request mirrors those by shareholder activists to obtain greater disclosure from corporate boards on the efficacy of their diversity programs.

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FDIC CA Policies Compliance 78

South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. This quarterly publication provides a comprehensive financial results summary for all FDIC-insured institutions (4,645 commercial banks and savings institutions insured by the FDIC). While banks under $10B in assets comprise 97.8%

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Community Bank Community FDIC Industry 195

CFPB Monitor

MARCH 25, 2020

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

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FDIC Policies Regulation Training 60

CFPB Monitor

DECEMBER 20, 2018

The FDIC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on its regulatory approach to brokered deposits and interest rate restrictions. The FDIC’s current regulations on brokered deposits and interest rate restrictions are set forth at 12 C.F.R. Section 337.6.

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FDIC Regulation Capital Analysis 60

CFPB Monitor

JUNE 27, 2019

ET, the FDIC and CFPB will co-host a webinar to outline strategies to address and prevent elder financial abuse. Titled “Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends,” the report examined non-public data derived from SARs filed with federal regulators from 2013 to 2017. to 3:00 p.m.

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FDIC Trends Strategy Regulation 60

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

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FDIC Regulation Community Lending 78

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. It involves using software to analyze both structured and unstructured data (i.e., Credit Decisions.

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Regulation Industry Risk Management Analysis 309

Perficient

NOVEMBER 10, 2023

Telephone and preauthorized transfer accounts Deposit Balances Over Time Data for the multi-state bank (as seen below) was obtained from US Bank Locations. Automatic Transfer Service (ATS) accounts Automatically transfers funds between individuals’ various accounts.

Risk Management 221

Risk Management United States FDIC Compliance 221

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.

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Risk Management Management FDIC Meeting 195

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. Data collection, recordkeeping, and reporting.

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FDIC Regulation Community Retail 78

PYMNTS

FEBRUARY 1, 2021

Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ. The bank was recently fined in a separate charge that it failed to comply with a 2015 request by the FDIC to improve its AML compliance.

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Apple FDIC New York Compliance 150

Jeff For Banks

MARCH 27, 2023

Many community bankers received concerned calls after the bloody weekend of March 10th through 12th from depositors that had deposits that exceeded the FDIC insured limits. I recorded this tutorial so you can calculate on your own using publicly available data. But how much do they have?

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FDIC Community Data 78

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.

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Compliance FDIC Community Bank Community 100

PYMNTS

OCTOBER 1, 2019

Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. In separate news, U.S.

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Technology FDIC US Big Data 217

PYMNTS

AUGUST 22, 2016

According to FDIC Chief Economist Richard Brown, the notion that “branch offices are dinosaurs and going away appears to be substantially overstated.”. $2 93,283 | The number of bank branches still open at the end of 2015, according to the FDIC. 25% | The decline in FDIC-insured banks since 2009. Digital banking among U.S.

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FDIC Data Digital Banking Operations 100

Bank Innovation

FEBRUARY 12, 2020

As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. since June 30, 2019, and 6.5%

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FDIC US Retail Digital Banking 243

PYMNTS

OCTOBER 31, 2016

According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so. The data on the thumb drives was encrypted, and there isn’t evidence that shows the data taken was misused or disclosed to anybody.

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Data FDIC Policies Report 100

CFPB Monitor

AUGUST 5, 2021

Citing data indicating that three OCC-supervised banks had relied on overdraft fees for 100% of their profits, Senator Van Hollen questioned Mr. Hsu as to whether he considered such reliance a safety and soundness concern. Alternative data. Mr. Hsu’s testimony included the following: Overdrafts. Community Reinvestment Act.

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Data FDIC Community Analysis 78

PYMNTS

OCTOBER 1, 2019

Five years after the worst of the carnage in the data out of the Federal Deposit Insurance Corporation (FDIC) showed that lending was beginning to normalize — lending to big businesses had recovered, consumer lending was showing signs of thawing as the mortgage markets began showing signs of coming back from the dead.

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Data Lending Capital Regulation 135

American Banker

MAY 12, 2016

The resolution plan data was accessed as part of a breach that initiated in October 2010 and continued for an extended period of time, eventually infecting the workstations of then FDIC Chairman Sheila Bair as well as other top agency officials.

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FDIC Data Cyber Security Security 28

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the Federal Deposit Insurance Corp. The Federal Deposit Insurance Corp.

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FDIC Cards Payments Regulation 142