INDUSTRY INSIGHTS YOUR PEERS ARE READING
In an internal FDIC document obtained by The Washington Post , it was revealed that the data of 44,000 FDIC customers was breached by an employee who left the agency in February. The memo was distributed on March 18 by FDIC Chief Information Officer and Chief Privacy Officer Lawrence Gross Jr. With the help of technology used to monitor downloads to removable devices, FDIC was able to detect the breach days after the employee left FDIC on February 26. MORE
In order to comply with FDIC Part 370, covered institutions will have to implement a change program that encompasses the people, processes, and technology necessary to support on-site FDIC inspections. In addition to the annual certification and report, the FDIC will conduct on-site testing of institutions’ compliance with Part 370. FDIC will be able to view customer PII. MORE
Customer data Data ownership Fintech Credit scores Credit quality Policymaking Alternative lending FDICA paper released by the agency’s Center for Financial Research says aspects of someone’s digital footprint — including whether they use Apple or Android — help predict likelihood of default. MORE
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. The FDIC views current advances in payments, credit, and funding as having the potential to transform how banks conduct business and how consumers interact with financial institutions. MORE
Jelena McWilliams is responding to concerns from Republican members of Congress that FDIC staffers are discouraging banks from doing business with certain industries. De-risking Jelena McWilliams Joseph Otting Mike Crapo FDIC OCC House Financial Services Committee MORE
That growth, the FDIC said, came mainly from a $6.8 More than half of the 6,182 institutions that reported to the FDIC showed growth year over year in earnings in the latest quarter. Payment Methods credit earnings FDIC community banks loans What's Hot MORE
Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. Want a national bank that’s mobile-only? MORE
The FDIC has announced that Leonard Chanin joined the agency on March 18 as Deputy to the Chairman. In that capacity, he will advise Chairman Jelena McWilliams on consumer protection issues, including further expanding access to banking services for unbanked and underbanked consumers, strengthening consumer research functions at the FDIC, and building upon the activities of the FDIC Advisory Committee on Economic Inclusion. FDIC Federal CFS Monitor chanin MORE
In separate letters to President Trump and the head of the FDIC, the Senate Democrat said the merger cannot be approved until all five seats of the agency's board of directors are filled. M&A Regulatory relief Trump administration Sherrod Brown Jelena McWilliams Senate Banking Committee FDIC BB&T SunTrust MORE
46 On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts. Apparently, during recent routine examinations, the FDIC found several technology service provider contracts that were inadequate under existing guidance. FDIC Federal CFS Monitor Technology information security technology MORE
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. The Wall Street Journal reported on Tuesday (May 24) that an investigation led by House lawmakers has uncovered “significant shortfalls” in the FDIC’s cybersecurity policies, which may have left it vulnerable to hackers gaining access to private information and regulatory data. MORE
While existing processes were deemed suitable to handle smaller or slower bank failures, the FDIC realized that it might struggle to pay depositors if a complicated bank failed rapidly. The FDIC is required by law to pay depositors “as soon as possible” after a depository institution fails, while also resolving claims at the lowest possible cost to the Deposit Insurance Fund. The post FDIC Part 370: The Background appeared first on Financial Services. MORE
Deposits Deposit insurance Risk management Financial regulations Policymaking FDICCurrent rules developed in the early 1990s were driven more by politics than facts. MORE
Fintech regulations Vendor management Risk management Data breaches FDICSome contracts are not "adequately" defining which party — the bank or the vendor — is responsible for managing risks, the agency said. MORE
Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. In an announcement , FDIC Chairman Jelena McWilliams said, “Loan balances expanded, net interest margins improved and the number of ‘problem banks’ continued to decline.”. MORE
In order to comply with FDIC Part 370, covered institutions will have to implement a change program that encompasses the people, processes, and technology necessary to implement FDIC-required calculations and reports. Once an organization has determined that it is able to meet the requirements of Part 370, it must go about designing their interfaces with the FDIC. The post FDIC Part 370: Implement FDIC-Required Calculations And Reports appeared first on Financial Services. MORE
The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. M&A Regional banks State regulators Law and regulation Charter conversions BB&T SunTrust FDIC Federal Reserve OCC North Carolina GeorgiaBanking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC. MORE
Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good. MORE
The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. ” Recent research from the FDIC shows 20 percent of U.S. With that in mind, the FDIC suggests that in 2017, 14.8 MORE
Each phase of a company’s Part 370 response will have to undergo rigorous testing to ensure that all the regulatory requirements are met and the FDIC’s ongoing testing will produce satisfactory results. — If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. MORE
The FDIC has issued a request for information that seeks comment on how the FDIC can make its communications with insured depository institutions (IDIs) “more effective, streamlined, and clear.” In addition to IDIs and other financial institutions and companies, the FDIC encourages comments from individual depositors and consumers, consumer groups, and other members of the financial services industry. Comments must be received by the FDIC by December 4, 2018. MORE
We can help a company gather requirements for Part 370 by: Validating existing Part 370 requirements from the FDIC, as well as interpreting additional guidance as becomes available. — If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. MORE
CRA Digital banking Underbanked Joseph Otting Jelena McWilliams Lael Brainard OCC FDIC Federal ReserveRecounting her family’s financial struggles, Jelena McWilliams said regulatory policy should address the plight of the underbanked. MORE
A company will need to manage its integrated response to this rule very efficiently and transparently in order to meet deadlines set forth by the FDIC. — If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. MORE
Risk Security fdicHow Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up. MORE
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. Though details are still scarce, the FDIC noted that each case was not of the run-of-the-mill hacking variety. Despite the breaches, the FDIC is maintaining that none of the accessed information was shared illicitly, just as it believes none of the employees downloaded the data with untoward activities in mind. MORE
congressional subcommittee spent time yesterday (May 12) during a hearing where the FDIC was questioned about a string of data breaches, including two recent incidents that involved 10,000 sensitive and private data records to be downloaded from workers onto storage devices before they left the agency. Upon learning of the breaches, the FDIC also discovered that there were five other incidents where this same behavior had occurred, according to Republican Rep. MORE
Republicans on the Senate Banking Committee expressed concern that FDIC examiners are verbally discouraging banks from working with certain businesses. De-risking Mike Crapo Jelena McWilliams Senate Banking Committee FDIC MORE
— If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. Data & Analytics Financial Services Integration & IT Modernization Management Consulting Operations Regulatory Compliance Strategy 12 CFR Part 370 Banking Banks compliance FDIC FDIC Part 370 Finance Part 370 Regulatory MORE
It plans to reapply with the FDIC, but did not reveal […]. Capital Cards Commerce Exclusive Innovations Lending Mobile Online Open Fintech Operations Payments Celtic bank fdic N26 SoFi SquarePayment processor Square has withdrawn its application to become a deposit-taking bank, a move similar to online lender Social Finance or SoFi, which withdrew its application last fall. MORE
The FDIC has released a proposal to indemnify the banks with assets less than $10 billion from the costs of raising the Deposit Insurance Fund reserve ratio from 1.15 The FDIC could vote on the proposal as early as next month. MORE
Following the Federal Reserve Board, the FDIC signed off on proposed measures to ease resolution planning requirements and tailor supervisory standards for foreign banking companies operating in the U.S. Living wills GSIBs Dodd-Frank Regulatory relief Regulatory reform Minimum capital requirements Jelena McWilliams FDIC Federal Reserve MORE
Continue reading Study Sacks FDIC Fears on Brokered Deposits at Bank Marketing Strategy + Ideas. brokered deposits FDIC Uncategorized MORE
CRA Small-dollar lending Payday lending Jelena McWilliams Joseph Otting OCC FDICIn successive speeches, Joseph Otting and Jelena McWilliams expressed hope for a Community Reinvestment Act rule by early next year, and also said regulators should align their small-dollar lending policies. MORE
The head of the agency said she wants FDIC staff to be proactive with banks that show visible problems, but not “focus more on seeking out dirt than on whether the home is clean.”. Regulatory relief Regulatory actions and programs Compliance Community banking Jelena McWilliams FDIC MORE
Deposits Consumer banking Financial regulations Policymaking Jelena McWilliams FDICThe agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking. MORE
Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Women in Banking Deposit insurance Dodd-Frank Fintech Volcker Rule ILCs Jelena McWilliams FDIC Fifth ThirdNow she's in charge as it grapples with difficult questions and sets out to reshape the industry. MORE
Two of three hires announced by the agency come from the Ohio bank, where the FDIC chairman formerly served as a top executive. Career moves Policymaking Regional banks Jelena McWilliams FDIC Fifth Third Bancorp MORE
Deposits Regulatory reform CDs Regulatory relief Jelena McWilliams Rob Nichols FDIC American Bankers AssociationA legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks. MORE
FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system. Nonbank Servicing systems Fintech Fintech regulations Jelena McWilliams FDIC FSOC Treasury Department MORE
Process design and documentation : Creating and documenting the report-generation and signoff process to ensure verifiable compliance with FDIC requirements. A thoughtful design that anticipates the FDIC’s specific requirements will save a company time and money and allow for a smooth interface with FDIC regulators. Financial Services Regulatory Compliance 12 CFR Part 370 Banking Banks compliance FDIC FDIC Part 370 Finance Part 370 Regulatory MORE
Policymaking M&A BB&T SunTrust Federal Reserve FDICThe Federal Deposit Insurance Corp., BB&T’s primary regulator, has a history of going easy on the bank. The combined entity would be better supervised by the central bank, which already oversees SunTrust. MORE
— If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. Financial Services Regulatory Compliance 12 CFR Part 370 Banking Banks compliance FDIC FDIC Part 370 Finance Part 370 RegulatoryThe first thing any bank has to do in its response to Part 370 is evaluate its current state of readiness. MORE
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 The figures for 2015 represent the best results the survey has seen since the FDIC started keeping track of the data with a biennial survey in 2009 (the share of unbanked Americans was 7.6 MORE
FDIC Related Topics PYMNTS
FEBRUARY 22, 2019
Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. In an announcement , FDIC Chairman Jelena McWilliams said, “Loan balances expanded, net interest margins improved and the number of ‘problem banks’ continued to decline.”.
PYMNTS
NOVEMBER 14, 2018
The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. ” Recent research from the FDIC shows 20 percent of U.S. With that in mind, the FDIC suggests that in 2017, 14.8
PYMNTS
JANUARY 25, 2019
Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good.
CFPB Monitor
MARCH 27, 2019
The FDIC has announced that Leonard Chanin joined the agency on March 18 as Deputy to the Chairman. In that capacity, he will advise Chairman Jelena McWilliams on consumer protection issues, including further expanding access to banking services for unbanked and underbanked consumers, strengthening consumer research functions at the FDIC, and building upon the activities of the FDIC Advisory Committee on Economic Inclusion. FDIC Federal CFS Monitor chanin
Bank Innovation
JULY 25, 2017
Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. Want a national bank that’s mobile-only?
Bank Innovation
JULY 14, 2016
Risk Security fdicHow Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up.
PYMNTS
APRIL 11, 2016
In an internal FDIC document obtained by The Washington Post , it was revealed that the data of 44,000 FDIC customers was breached by an employee who left the agency in February. The memo was distributed on March 18 by FDIC Chief Information Officer and Chief Privacy Officer Lawrence Gross Jr. With the help of technology used to monitor downloads to removable devices, FDIC was able to detect the breach days after the employee left FDIC on February 26.
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 The figures for 2015 represent the best results the survey has seen since the FDIC started keeping track of the data with a biennial survey in 2009 (the share of unbanked Americans was 7.6
PYMNTS
MAY 10, 2016
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. Though details are still scarce, the FDIC noted that each case was not of the run-of-the-mill hacking variety. Despite the breaches, the FDIC is maintaining that none of the accessed information was shared illicitly, just as it believes none of the employees downloaded the data with untoward activities in mind.
PYMNTS
MAY 13, 2016
congressional subcommittee spent time yesterday (May 12) during a hearing where the FDIC was questioned about a string of data breaches, including two recent incidents that involved 10,000 sensitive and private data records to be downloaded from workers onto storage devices before they left the agency. Upon learning of the breaches, the FDIC also discovered that there were five other incidents where this same behavior had occurred, according to Republican Rep.
Independent Banker
JANUARY 26, 2016
The FDIC has released a proposal to indemnify the banks with assets less than $10 billion from the costs of raising the Deposit Insurance Fund reserve ratio from 1.15 The FDIC could vote on the proposal as early as next month.
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. The Wall Street Journal reported on Tuesday (May 24) that an investigation led by House lawmakers has uncovered “significant shortfalls” in the FDIC’s cybersecurity policies, which may have left it vulnerable to hackers gaining access to private information and regulatory data.
PYMNTS
FEBRUARY 24, 2016
That growth, the FDIC said, came mainly from a $6.8 More than half of the 6,182 institutions that reported to the FDIC showed growth year over year in earnings in the latest quarter. Payment Methods credit earnings FDIC community banks loans What's Hot
Long Lasting Ideas
JUNE 28, 2018
Continue reading Study Sacks FDIC Fears on Brokered Deposits at Bank Marketing Strategy + Ideas. brokered deposits FDIC Uncategorized
Perficient Financial Servies
MAY 3, 2018
Each phase of a company’s Part 370 response will have to undergo rigorous testing to ensure that all the regulatory requirements are met and the FDIC’s ongoing testing will produce satisfactory results. — If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page.
Perficient Financial Servies
MARCH 1, 2018
In order to comply with FDIC Part 370, covered institutions will have to implement a change program that encompasses the people, processes, and technology necessary to support on-site FDIC inspections. In addition to the annual certification and report, the FDIC will conduct on-site testing of institutions’ compliance with Part 370. FDIC will be able to view customer PII.
BankThink
FEBRUARY 20, 2019
Deposits Consumer banking Financial regulations Policymaking Jelena McWilliams FDICThe agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking.
BankThink
APRIL 3, 2019
CRA Small-dollar lending Payday lending Jelena McWilliams Joseph Otting OCC FDICIn successive speeches, Joseph Otting and Jelena McWilliams expressed hope for a Community Reinvestment Act rule by early next year, and also said regulators should align their small-dollar lending policies.
BankThink
OCTOBER 1, 2018
Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Women in Banking Deposit insurance Dodd-Frank Fintech Volcker Rule ILCs Jelena McWilliams FDIC Fifth ThirdNow she's in charge as it grapples with difficult questions and sets out to reshape the industry.
BankThink
APRIL 2, 2019
Fintech regulations Vendor management Risk management Data breaches FDICSome contracts are not "adequately" defining which party — the bank or the vendor — is responsible for managing risks, the agency said.
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. The FDIC views current advances in payments, credit, and funding as having the potential to transform how banks conduct business and how consumers interact with financial institutions.
Perficient Financial Servies
FEBRUARY 22, 2018
In order to comply with FDIC Part 370, covered institutions will have to implement a change program that encompasses the people, processes, and technology necessary to implement FDIC-required calculations and reports. Once an organization has determined that it is able to meet the requirements of Part 370, it must go about designing their interfaces with the FDIC. The post FDIC Part 370: Implement FDIC-Required Calculations And Reports appeared first on Financial Services.
BankThink
MARCH 14, 2019
CRA Digital banking Underbanked Joseph Otting Jelena McWilliams Lael Brainard OCC FDIC Federal ReserveRecounting her family’s financial struggles, Jelena McWilliams said regulatory policy should address the plight of the underbanked.
BankThink
APRIL 23, 2019
In separate letters to President Trump and the head of the FDIC, the Senate Democrat said the merger cannot be approved until all five seats of the agency's board of directors are filled. M&A Regulatory relief Trump administration Sherrod Brown Jelena McWilliams Senate Banking Committee FDIC BB&T SunTrust
Perficient Financial Servies
JANUARY 11, 2018
While existing processes were deemed suitable to handle smaller or slower bank failures, the FDIC realized that it might struggle to pay depositors if a complicated bank failed rapidly. The FDIC is required by law to pay depositors “as soon as possible” after a depository institution fails, while also resolving claims at the lowest possible cost to the Deposit Insurance Fund. The post FDIC Part 370: The Background appeared first on Financial Services.
Perficient Financial Servies
APRIL 5, 2018
Process design and documentation : Creating and documenting the report-generation and signoff process to ensure verifiable compliance with FDIC requirements. A thoughtful design that anticipates the FDIC’s specific requirements will save a company time and money and allow for a smooth interface with FDIC regulators. Financial Services Regulatory Compliance 12 CFR Part 370 Banking Banks compliance FDIC FDIC Part 370 Finance Part 370 Regulatory
BankThink
MARCH 4, 2019
Deposits Regulatory reform CDs Regulatory relief Jelena McWilliams Rob Nichols FDIC American Bankers AssociationA legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks.
Perficient Financial Servies
MARCH 15, 2018
— If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. Financial Services Regulatory Compliance 12 CFR Part 370 Banking Banks compliance FDIC FDIC Part 370 Finance Part 370 RegulatoryThe first thing any bank has to do in its response to Part 370 is evaluate its current state of readiness.
Perficient Financial Servies
APRIL 19, 2018
A company will need to manage its integrated response to this rule very efficiently and transparently in order to meet deadlines set forth by the FDIC. — If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page.
BankThink
NOVEMBER 7, 2018
Republicans on the Senate Banking Committee expressed concern that FDIC examiners are verbally discouraging banks from working with certain businesses. De-risking Mike Crapo Jelena McWilliams Senate Banking Committee FDIC
BankThink
NOVEMBER 15, 2018
FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system. Nonbank Servicing systems Fintech Fintech regulations Jelena McWilliams FDIC FSOC Treasury Department
BankThink
MARCH 22, 2019
The head of the agency said she wants FDIC staff to be proactive with banks that show visible problems, but not “focus more on seeking out dirt than on whether the home is clean.”. Regulatory relief Regulatory actions and programs Compliance Community banking Jelena McWilliams FDIC
CFPB Monitor
OCTOBER 9, 2018
The FDIC has issued a request for information that seeks comment on how the FDIC can make its communications with insured depository institutions (IDIs) “more effective, streamlined, and clear.” In addition to IDIs and other financial institutions and companies, the FDIC encourages comments from individual depositors and consumers, consumer groups, and other members of the financial services industry. Comments must be received by the FDIC by December 4, 2018.
BankThink
MARCH 12, 2019
The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. M&A Regional banks State regulators Law and regulation Charter conversions BB&T SunTrust FDIC Federal Reserve OCC North Carolina GeorgiaBanking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC.
BankThink
FEBRUARY 13, 2019
Policymaking M&A BB&T SunTrust Federal Reserve FDICThe Federal Deposit Insurance Corp., BB&T’s primary regulator, has a history of going easy on the bank. The combined entity would be better supervised by the central bank, which already oversees SunTrust.
CFPB Monitor
APRIL 4, 2019
On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts. Apparently, during recent routine examinations, the FDIC found several technology service provider contracts that were inadequate under existing guidance. FDIC Federal CFS Monitor Technology information security technology
BankThink
APRIL 16, 2019
Following the Federal Reserve Board, the FDIC signed off on proposed measures to ease resolution planning requirements and tailor supervisory standards for foreign banking companies operating in the U.S. Living wills GSIBs Dodd-Frank Regulatory relief Regulatory reform Minimum capital requirements Jelena McWilliams FDIC Federal Reserve
BankThink
NOVEMBER 21, 2018
Jelena McWilliams is responding to concerns from Republican members of Congress that FDIC staffers are discouraging banks from doing business with certain industries. De-risking Jelena McWilliams Joseph Otting Mike Crapo FDIC OCC House Financial Services Committee
Perficient Financial Servies
APRIL 12, 2018
— If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page. Data & Analytics Financial Services Integration & IT Modernization Management Consulting Operations Regulatory Compliance Strategy 12 CFR Part 370 Banking Banks compliance FDIC FDIC Part 370 Finance Part 370 Regulatory
BankThink
APRIL 1, 2019
Deposits Deposit insurance Risk management Financial regulations Policymaking FDICCurrent rules developed in the early 1990s were driven more by politics than facts.
BankThink
MARCH 26, 2019
Two of three hires announced by the agency come from the Ohio bank, where the FDIC chairman formerly served as a top executive. Career moves Policymaking Regional banks Jelena McWilliams FDIC Fifth Third Bancorp
BankThink
OCTOBER 4, 2018
Customer data Data ownership Fintech Credit scores Credit quality Policymaking Alternative lending FDICA paper released by the agency’s Center for Financial Research says aspects of someone’s digital footprint — including whether they use Apple or Android — help predict likelihood of default.
Perficient Financial Servies
APRIL 26, 2018
We can help a company gather requirements for Part 370 by: Validating existing Part 370 requirements from the FDIC, as well as interpreting additional guidance as becomes available. — If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page.
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