CFPB Monitor

JANUARY 24, 2019

A group of 13 state attorneys general and the District of Columbia AG have sent a letter to the FDIC commenting on the agency’s request for information on small-dollar lending. They recommend that “the FDIC discourage banks from entering into these relationships in any guidance it issues on small-dollar lending.”.

FDIC 74

FDIC Lending District of Columbia Compliance 74

Jack Henry

DECEMBER 9, 2021

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

Strategy 148

Strategy Digital Strategies FDIC Community Bank 148

CFPB Monitor

OCTOBER 10, 2016

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. ” Speakers include industry representatives and an FDIC representative. titled: “ How to make fintech work for all Americans.”

Fintech 60

Fintech FDIC Policies Washington 60

PYMNTS

MARCH 10, 2020

Joust, which was a finalist for the 2020 SXSW Innovation Awards, said it will offer any affected users zero payment processing fees on its FDIC-insured free bank account. The show must go on’ is in our DNA, and this is the first time in 34 years that the March event will not take place. . We are devastated to share this news with you.

Austin 256

Austin FDIC Apple Google 256

CFPB Monitor

MAY 4, 2015

On May 21, 2015, from 2:00pm to 3:30pm, the FDIC’s Division of Depositor and Consumer Protection will host a teleconference as part of its periodic series of events for bankers on important bank regulatory and emerging issues in the compliance and consumer protection area. Marc Patterson.

FDIC 60

FDIC Compliance 60

Independent Banker

OCTOBER 1, 2022

We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event.

Montana 152

Montana Policies Resources FDIC 152

American Banker

AUGUST 29, 2023

has issued proposals that would make banks with $100 billion of assets or more hold more long-term debt as a cost buffer in the event of a collapse and meet new planning requirements in case they ever have to be resolved in an emergency. The Federal Deposit Insurance Corp.

FDIC 36

FDIC Meeting Compliance Regulation 36

CFPB Monitor

OCTOBER 8, 2014

the FDIC’s Division of Depositor and Consumer Protection will host a teleconference as part of its periodic series of events for bankers on important banking regulatory issues in the compliance and consumer protection area. Marc Patterson On October 22 from 2:00 to 3:30 p.m.,

FDIC 74

FDIC Community Bank Compliance Community 74

Gonzobanker

FEBRUARY 1, 2024

For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event. And we salute the entire Bank Director team for yet another exceptional event. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

American Banker

MAY 12, 2016

The event took place during the 2015 fiscal year, but was not separately disclosed to Congress until the agency's federally-mandated annual report on information security. Even then, the FDIC provided only vague details on what happened.

FDIC 28

FDIC Security Report Regulation 28

Fintech Labs Insights

MAY 2, 2023

Below is our curated list of the best global banking tech events, conferences and trade shows in 2023. These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms.

Las Vegas 12

Las Vegas San Francisco San Diego Conference 12

PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. The excepted spike in unbanked consumers is thought to mirror the financial impacts of other similar events to the health crisis however, the report continued, most crucially those of the Great Recession.

Tools 203

Tools Mobile FDIC Examples 203

Perficient

SEPTEMBER 6, 2023

percentage points, are appropriate to ensure that a covered entity has a sufficient amount of eligible LTD to refill its leverage ratio minimums in the event it depletes all or substantially all of its Tier 1 Capital prior to failing. These requirements, with a balance sheet depletion allowance of 0.5

Regulation 221

Regulation DC Capital Washington 221

CFPB Monitor

DECEMBER 22, 2020

By requiring notice of these computer security incidents, the proposed rule broadens the type of reportable events that banking organizations and their service providers are required to report to federal agencies.

Security 78

Security Report FDIC Regulation 78

CFPB Monitor

DECEMBER 2, 2020

On Monday, the FRB, FDIC, and OCC issued a “ Statement on LIBOR Transition ” that encourages banks to transition away from the London Inter-Bank Offered Rate (LIBOR) as soon as possible, and in any event by December 31, 2021. .

FDIC 78

FDIC Operations 78

Gonzobanker

JUNE 1, 2023

Management will also gain credibility by keeping the board apprised of regulatory responses to the current crisis, including examination stressors, peer regulatory events and potential changes to capital, FDIC insurance and stress-testing requirements.

Capital 158

Capital Strategy social media Analysis 158

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”). Covered banking organizations are required to provide notice to their relevant regulator in the event that a “Notification Incident” occurs.

Regulation 78

Regulation Report FDIC Security 78

Abrigo

JANUARY 4, 2023

The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Of course, crypto is not insured by the Federal Deposit Insurance Corporation (FDIC) and is a risky investment.

social media 195

social media Fraud cryptocurrency Trends 195

Perficient

AUGUST 9, 2022

Greenwood operates completely online, but they partner with FDIC-insured banks and are part of a global ATM network that allows members to use more than 100,000 ATMs fee-free when they need to withdraw and deposit physical cash and checks.

Community 275

Community Customer Experience ATM Examples 275

PYMNTS

SEPTEMBER 30, 2020

FDIC), the states and the courts. Nor would they be required to develop plans for recovery or restitution of funds in the event of a catastrophic situation, FIs claim. This isn’t the OCC’s first attempt to create a special banking charter that would benefit tech firms.

Regulation 349

Regulation National System Industry 349

BankBazaar

APRIL 19, 2023

Deposit insurance is a program offered by governments or central banks and it guarantees the safety of a certain amount of deposits in the event of a bank failure. Having insured deposits can give depositors peace of mind, knowing that their money is protected in the event of a bank failure.

US 78

US United States FDIC Regulation 78

CFPB Monitor

AUGUST 20, 2020

FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion. On July 23, 2020, the FDIC released a podcast entitled “The Role of Minority Banks.” banking system. banking system.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

NOVEMBER 12, 2020

FDIC) currently considers 356 banks to be “concentrated” in commercial real estate based on the ratio of CRE loans they hold. In the event of another such crisis, most banks would be affected, and many might fail. … Bank regulators and overseers have been tracking the problem since the outbreak’s onset.

New York City 227

New York City New York Missouri Philadelphia 227

CFPB Monitor

NOVEMBER 11, 2021

This suggests that the agencies might provide some leniency in the event of non-compliance. They further state that “[a]s part of their considerations, the agencies will factor in the time it takes to make operational adjustments in connection with the joint statement.”

Compliance 78

Compliance Regulation FDIC Meeting 78

PYMNTS

APRIL 7, 2016

The FDIC warned mainstream banks about buying marketplace debt, and the CFPB has set up a special desk for marketplace lending-based complaints. MLA is getting off the ground this week as LendIt, an annual industry event, is coming around in San Francisco. So far, the idea has gotten some good buzz from industry members.

Lending 100

Lending San Francisco FDIC Regulation 100

PYMNTS

NOVEMBER 30, 2018

According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services.

blockchain 136

blockchain Bitcoin cryptocurrency FDIC 136

Jeff For Banks

JUNE 4, 2018

"The FDIC recently has observed instances of liquidity stress at a small number of insured banks." So opened the Summer 2017 FDIC Supervisory Insights issue. So, according to the FDIC rate cap "guidance", you could not exceed 84 basis points on your money market accounts at December 31, 2017 if you were under regulatory scrutiny.

FDIC 60

FDIC System Regulation Conference 60

Celent Banking

DECEMBER 13, 2016

In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. The FDIC expresses best the sentiment of worldwide regulators: “A bank’s use of third parties does not relinquish responsibility… but holds it to the same extent as if the activity were handled within the institution."

Risk Management 100

Risk Management Management Exercises FDIC 100

Celent Banking

DECEMBER 12, 2016

In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems. The FDIC expresses best the sentiment of worldwide regulators: “A bank’s use of third parties does not relinquish responsibility… but holds it to the same extent as if the activity were handled within the institution.”

Risk Management 100

Risk Management Management Exercises FDIC 100

CFPB Monitor

NOVEMBER 22, 2022

In response to these complaints, the CFPB provided a list of steps that consumers can take to protect themselves, including being vigilant for signs of a scam, reporting any suspicious claims of FDIC insurance, knowing the best way to contact a platform in the event of an issue, and knowing the owners of any crypto-asset platforms used.

Analysis 78

Analysis Fraud Florida FDIC 78

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. Would you like other articles like this in your inbox? NextGen Banker 10.

Community 195

Community Lending Maine Resources 195

Jeff For Banks

JUNE 2, 2023

According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. At industry events they had that wry grin saying, “yeah, we perform better than you.” We took a serious reputational hit. credit default swaps anyone?). Some seemed panicked.

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

FEBRUARY 19, 2021

In November 2020, the OCC, together with the FDIC and the Federal Reserve Board, issued a “ Statement on LIBOR Transition ” that encouraged banks to transition away from LIBOR as soon as possible, and in any event by December 31, 2021.

Tools 78

Tools FDIC Management Report 78

CFPB Monitor

APRIL 19, 2021

Title III, the “Private Loan Disability Discharge Act of 2021,” would amend the TILA to require the discharge of private student loans in the event of a student borrower’s death or total and permanent disability. Currently, regulated entities perform and submit such assessments on a voluntary basis.

Regulation 78

Regulation Policies FDIC Lending 78

CFPB Monitor

APRIL 15, 2016

In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. In March 2016, the CFPB announced that it is taking complaints about marketplace lenders.

Lending 60

Lending FDIC Washington Financial Technology 60

CFPB Monitor

DECEMBER 6, 2021

And, in any event, high fees alone are not unlawful. Years ago, the FDIC and OCC made it impracticable for banks to offer deposit advances, a development we roundly criticized, but the OCC, at least, subsequently realized that deposit advances can actually serve consumer needs. The CFPB has now leveled a shot over the bow.

Regulation 78

Regulation Policies FDIC Leadership 78

CFPB Monitor

AUGUST 24, 2020

The programs must comply with the terms of the safe harbor for the next five years (or the next two years in the event the U.S. Supreme Court, a Colorado appellate court (after any chance for appeal has run) or the FDIC adopts a “true lender” test that differs from the safe harbor).

Colorado 78

Colorado Fintech Lending Online 78