CFPB Monitor
DECEMBER 28, 2020
The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).
PYMNTS
MARCH 4, 2019
small business loan volume has given its SMB loan portfolio greater than “almost 98 percent of FDIC-insured banks,” citing FDIC statistics on outstanding loans of less than $1 million. Last year, the FDIC warned that the actual value and volume of small business bank loans in the U.S.
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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.
PYMNTS
MARCH 6, 2019
Yet the FDIC said in previous analysis that the actual volume of traditional bank loans to small businesses in the U.S. may be significantly greater than is reported, with many institutions only reporting small business loans as being $1 million or less, as well as loans that are secured by residential real estate.
FICO
APRIL 7, 2022
This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection. Make security a call to action – a shared responsibility.
CFPB Monitor
DECEMBER 2, 2021
As anticipated, the OCC, Federal Reserve Board, and FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”). The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic.
PYMNTS
AUGUST 14, 2019
To make matters even more confusing, the definition of a small business is often ambiguous both to regulators and to banks. Last October, the Federal Deposit Insurance Corporation (FDIC) released a report that suggested the U.S. But that mix is not a smart tactic for managing company spend and finances.
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