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OCC and FDIC issue proposed rules to undo Madden

CFPB Monitor

The OCC and FDIC issued proposed rules this week intended to eliminate the uncertainty created by the Second Circuit’s decision in Madden v. Comments on the FDIC’s proposal must be submitted no later than 60 days after the date the proposal is published in the Federal Register. Midland Funding. 85 [or 12 U.S.C

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio.

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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

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

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Financial Institution Regulators Address Financial Inclusion, Expansion of Access to Credit, and Further Consumer Protection from Discrimination

CFPB Monitor

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. This blog post contains a summary of those efforts.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

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.

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NCUSIF Deposit Insurance: How Your Money in Credit Union is Protected

MyBankTracker

Even if the bank fails and cannot return your money to you, the Federal Deposit Insurance Corporation (FDIC) offers up to $250,000 in insurance. However, they don’t receive insurance from the FDIC. The NCUA manages the NCUSIF which is a fund designed to protect depositors who put their money in accounts at credit unions.

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The Federal Home Loan Bank System: Lender of Next-to-Last Resort

Jeff For Banks

"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. The national average rate for a money market account at the end of last year was 0.09%. And so went your exams. What would you do? Prepare for that.

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