Jeff For Banks

OCTOBER 5, 2020

On fire were documents requested by the Texas Department of Banking (TDB). ESB's President was a dominant official with significant control over bank operations and limited oversight by the Board of Directors (Board). She hid them from the Board and regulators with assistance from unnamed co-conspirators."

FDIC 78

FDIC Fort Worth Dallas Texas 78

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. increased operational risks. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78

Abrigo

MARCH 2, 2023

But when a storm hit, limitations on the back end due to its insufficient operations technology hampered Southwest’s ability to handle the most basic customer service in that industry: getting customers safely where they needed to be. Executives took a pay cut. To its credit, Southwest was investing in customer-facing technology.

Technology 195

Technology Lending Community Software 195

CFPB Monitor

OCTOBER 17, 2022

ED also stated that it “will monitor compliance and take corrective action to enforce these regulations when necessary.”. The cash management rules generally require IHEs to review college banking agreements to ensure that the terms offered to students “are not inconsistent with the best financial interests of students opening them.”

Cards 78

Cards Report Regulation FDIC 78

Independent Banker

AUGUST 26, 2015

She’s chief operating officer and vice president of the mortgage company, a division of Private Bank of Buckhead, in Atlanta. We get the disclosure back faster” when borrowers digitally sign documents exchanged by email, Webster notes. Sending documents to a consumer’s personal email is the first safeguard. By Howard Schneider.

San Francisco 70

San Francisco Lending System Atlanta 70

CFPB Monitor

NOVEMBER 24, 2020

The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Analysis Industry Policies 78

Fintech Labs Insights

JULY 9, 2015

This is what sets the New York-based company apart from its numerous competitors– it is the only regulated bitcoin trading platform open to all U.S. Board members—Senator Bill Bradley, former FDIC Chairman Sheila Bair and former FASB Chairman Robert Herz. It also offers tax documentation and FDIC insurance for U.S.

Bitcoin 12

Bitcoin Regulation New York FDIC 12

Independent Banker

DECEMBER 13, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. Understand your bank’s IT network and its operations,” says Hamilton. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. No one knows yet how in-depth the regulators might want those assessments.”. Understand your bank’s IT network and its operations,” says Hamilton. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Abrigo

NOVEMBER 22, 2021

Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. They also had to ensure adequate documentation of borrowers’ payments under any loan modifications or accommodations, as well as any changes to collateral values or advances on new or existing loans.

Compliance 195

Compliance Lending Risk Management Regulation 195

CFPB Monitor

NOVEMBER 22, 2022

In particular, the report’s recommendations deserve attention because they are likely to influence future actions by the federal banking regulators and the CFPB. (The The report is also worthwhile reading for its discussion of the role of fintechs and other non-banks in providing consumer financial services and how that role has evolved.).

Fintech 78

Fintech Report Data Lending 78

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution. Juvo makes it easy for mobile operators to find them.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

MAY 2, 2016

The CID requests the production of documents and answers to written questions related to our Venmo service. What exactly the issue is is not specified, nor is the seriousness of it, with a full range of possible consequences as a result of the investigation from essentially nothing to serious fines and changes to how the app operates.

Software 100

Software Mobile Regulation FDIC 100

PYMNTS

FEBRUARY 21, 2017

The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. By their own admission, in their own documents, they say 65 percent to 85 percent of the industry will go away.”. . — better known colloquially as payday loans — was rather grim.

Lending 101

Lending Regulation Innovation Industry 101