Abrigo

MARCH 20, 2020

The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. FDIC Issues Reminder of TDRs. She did not have an estimated timeline for announcing how to address the issues. FDIC, OCC, FED. FDIC, OCC, FED. Learn more. CECL Accounting.

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How To FDIC Policies Course 195

CFPB Monitor

DECEMBER 9, 2019

The Federal Deposit Insurance Corporation (the “FDIC”) has published a request for information in the Federal Register (the “RFI”) seeking comment on approaches it uses, or is considering using, to analyze the effects of its regulatory actions and rulemaking. The format and presentation of regulatory analysis.

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FDIC Analysis Regulation Maine 78

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. I encourage the public to use the RFI process to tell us how to ensure that consumers can obtain small dollar credit from banking institutions in a responsible manner.”

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FDIC Lending Study Meeting 128

Perficient

MAY 19, 2021

Federal Deposit Insurance Corporation (FDIC. That original blog can be accessed here: Bank Regulators Seeking Comments on the Use of AI and ML in the Industry – Perficient Blogs. National Credit Union Administration (NCUA). Office of the Comptroller of the Currency (OCC). The original deadline was June 1, 2021.

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FDIC National Regulation System 365

Abrigo

JUNE 11, 2021

Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). Regulators have repeatedly stressed the importance of sound risk management practices that include the ability to identify and measure interest rate risk. FDIC) noted in its 2021 Risk Review.

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Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. On January 28, the Federal Deposit Insurance Corp.

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Lending How To FDIC Survey 195

South State Correspondent

APRIL 30, 2024

Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those that do not offer QFC protection – think Lehman Brothers.

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Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those that do not offer QFC protection – think Lehman Brothers.

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Community Bank FDIC Community National 195

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.” The RFI contains specific questions on which the FDIC seeks input that address three topics: efficiency, ease of access, and content.

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FDIC Community Bank Policies Community 74

Perficient

DECEMBER 21, 2023

Earlier this year, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed rule that would reshape the landscape for certain financial institutions. Learn More: U.S.

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DC FDIC Washington Compliance 221

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The site noted that the new rules still await passage by the country’s legislative body. In the U.S.,

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Regulation cryptocurrency National Capital 151

PYMNTS

MAY 13, 2016

main banking regulator is in the hot seat about how notifications following the breaches were handled. 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. Following a slew of recent data breaches, the U.S

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FDIC Data Maine Policies 100

Abrigo

DECEMBER 13, 2019

How to bundle accounts. BSA Rules and Regulation. CECL Regulation. Lending Regulation. FDIC Releases Formal and Informal Enforcement Actions Manual. How Stress Test Results Can Yield Better Lending, Credit, and Risk Decisions. CECL Regulation. Learn more. Lending & Credit Risk. Learn More.

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Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Leadership and staff understand the purpose of its BSA/AML efforts and how its reporting is used. BSA Rules and Regulation.

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PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. Plus, the Federal Deposit Insurance Corp. Consumers Sour On Travel Rewards Cards.

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FDIC Cards Payments Regulation 142

Cisco

JULY 12, 2022

A number of our financial institution customers are regulated by multiple, and different, regulatory bodies. The Federal Financial Institutions Examination Council—or better known as the FFIEC—is a formal U.S. government interagency body charged with helping streamline the audit process. In the U.S. Hardware and Software Lifecycles.

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Regulation FDIC System Software 71

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

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Regulation FDIC Community Lending 78

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. So how can banks and credit unions quickly spot warning signs so they can act during volatile economic, industry, and institutional conditions?

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Risk Management Regulation Management Lending 221

FICO

MAY 25, 2023

Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8 But it is possible to mitigate further wrongs by regulating artificial intelligence, and I believe effective proposed regulation should start from organizations using AI.

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Regulation San Diego Analytics blockchain 52

CFPB Monitor

AUGUST 4, 2020

Recently, the federal banking regulators issued four new sets of examination procedures. The booklet contains examination procedures regarding supervision of OCC-regulated banks and savings associations related to Section 5 of the Federal Trade Commission Act (“UDAP”) and Sections 1031 and 1036 of the Dodd-Frank Act (“UDAAP”).

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Handbook Regulation CA Exercises 78

Abrigo

NOVEMBER 11, 2019

Obviously, protecting financial institutions against the impact to capital and earnings of rising interest rates has been the particular focus of regulators for more than a decade. FDIC FIL-46-2013 October 8, 2013. Over the last six years, that rate has risen less than 175 basis points to 1.83% (as of October 2019).

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Management FDIC Community Risk Management 150

BankInovation

JUNE 3, 2021

As banks, fintechs and financial institutions grapple with how to implement artificial intelligence (AI), the U.S. Federal Deposit Insurance Corporation (FDIC) is exploring how to shepherd such integrations while also assimilating changes in the agency’s internal tech stack.

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FDIC Innovation How To Fintech 90

American Banker

MAY 20, 2020

Four federal agencies offered guidance Wednesday on how to offer products that compete against payday loans without incurring Washington's wrath. The announcement could spark the rebirth of deposit advances, which were regulated out of existence during the Obama administration.

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Regulation Washington How To FDIC 82

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. 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.

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social media Fraud cryptocurrency Trends 195

American Banker

NOVEMBER 9, 2020

The former FDIC chief oversaw the resolution of hundreds of failed banks during the financial crisis and knows how to build relationships with regulators. Those skills could be crucial in helping Fannie exit federal control.

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FDIC Regulation How To 45

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

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Regulation Compliance Analysis Innovation 70

American Banker

MARCH 11, 2020

A decision by regulators on how to move forward with the controversial charter could have broad implications for fintech firms that want to enter the banking system.

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FDIC Meeting Regulation Fintech 42

South State Correspondent

MARCH 15, 2023

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Look for more formal education teaching bankers how to talk to customers about FDIC insurance, bank safety, and liquidity concerns.

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social media FDIC Branding Management 195

Independent Banker

OCTOBER 1, 2022

They are looking for vulnerabilities that they know how to exploit.”. Regulators paying closer attention to cyber risks. The banking industry could face greater regulatory scrutiny and pressure ahead on how they’re managing cyber risks. Insuring against cyber risks. One line of defense is cyber insurance.

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Montana Policies Resources FDIC 152

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Educate clients on how to avoid fraudulent websites by understanding what is authentic and secure. Tap into anti-fraud resources offered by other organizations.

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Fraud Resources social media Software 195

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. And regulators have urged financial institutions to prepare for an eventual cyclical change while credit performance remains strong – and to do so as they originate new loans and in credit reviews.

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Lending Trends FDIC Survey 195

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . The change reflects regulators’ expectations that financial institutions will develop loan review or credit review systems tailored to their specific risks and circumstances.

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System Lending Policies Regulation 195

American Banker

JANUARY 9, 2020

More than two years after efforts began to modernize enforcement of the Community Reinvestment Act, regulators appear far apart on how to proceed.

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Regulation Community How To FDIC 39

CFPB Monitor

OCTOBER 10, 2016

titled: “ How to make fintech work for all Americans.” ” Speakers include industry representatives and an FDIC representative. ” Among the questions to be addressed are whether “regulation and policy inhibit innovation and skew benefits toward the well-to-do.”

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Fintech FDIC Policies Washington 60

Abrigo

SEPTEMBER 5, 2023

When and how to cite credit exceptions A policy on credit exceptions can address many factors that can lead financial institutions to diverge from loan policy and miss signs of potential trouble. Takeaway 3 A credit exception policy should spell out what one is, when it can be used, and how to clear it.

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Policies Lending Risk Management Examples 195

Abrigo

APRIL 21, 2020

Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. How to fund PPP loans. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending.

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Lending Capital Minnesota FDIC 195

Jeff For Banks

MAY 7, 2016

Banks have regulatory experience and regulators are now figuring out how to regulate FinTechs (good luck!). Banks are FDIC insured. Banks have capital. FinTechs are not.

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Community Bank Community Fintech FDIC 60