Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios.

FDIC 186

FDIC Risk Management Analysis Lending 186

Abrigo

MAY 19, 2023

Responsibilities may include assigning initial credit grades, ensuring grade changes are made when needed, or compiling the information necessary to assess the appropriateness of the ALLL. The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices.

System 195

System Regulation How To Lending 195

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The core principles for directors have not changed materially since 1988, the FDIC said. Risk management culture What exactly is a risk management culture? Evaluating risk management.

Management 150

Management FDIC Risk Management Community Bank 150

CFPB Monitor

APRIL 28, 2022

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147

Report FDIC Regulation Security 147

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. Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

South State Correspondent

AUGUST 21, 2022

Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those not offering QFC protection – think Lehman Brothers.

How To 195

How To Community Bank Community FDIC 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

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.

Lending 195

Lending How To FDIC Survey 195

Abrigo

NOVEMBER 29, 2021

A recent study by the Cleveland Fed noted that traditionally, noninterest income is only 30% to 40% of small banks’ operating revenue, compared with over half of large banks’ revenue. Noninterest income drove 20% of community banks' net operating revenue in 2019, down from 22% in 2012, according to a recent FDIC study.

Community Bank 195

Community Bank Community FDIC Trends 195

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Proposed Rule. Commenters have until Nov.

Lending 195

Lending Data Regulation Community 195

South State Correspondent

MARCH 15, 2023

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. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

CFPB Monitor

APRIL 1, 2021

In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML).

Risk Management 78

Risk Management Training Lending FDIC 78

Abrigo

JULY 20, 2021

Takeaway 3 The SBA has information on all of its loan programs on its website for lenders interested in expanding beyond the PPP. . During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

Takeaway 3 The SBA has information on all of its loan programs on its website for lenders interested in expanding beyond the PPP. . During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Gonzobanker

MARCH 22, 2023

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? The slow, evolving maturity of a bank’s enterprise risk program needs to speed up fast.

social media 78

social media Capital Risk Management Strategy 78

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. a few agencies include the Federal Reserve (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller (OCC), and the Consumer Financial Protection Bureau (CFPB).

Regulation 71

Regulation FDIC System Software 71

CFPB Monitor

JUNE 1, 2020

While the OCC cited “valid-when-made” and “steps into the shoes” principles in its analysis, it noted that it did not do so “as independent authority for this rulemaking but rather as tenets of common law that inform its reasonable interpretation of section 85.” The FDIC has not yet acted on its proposal.

FDIC 78

FDIC National Lending Analysis 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

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". keep me informed. Whitepaper.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

NOVEMBER 22, 2022

While the report does not address “true lender” challenges in bank/fintech lending relationships, it does discuss the risk of “so-called ‘rent-a-charter’ schemes that market themselves as innovative fintech lending platforms, but operate with essentially the same harmful business model as a traditional payday lender.”

Fintech 78

Fintech Report Data Lending 78

Jack Henry

APRIL 30, 2014

One such attack by the group Unlimited Operations was able to net over $40 million. Participate in industry information sharing forums. The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. Information Sharing and Analysis Centers (ISACs). FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Jeff For Banks

OCTOBER 29, 2016

In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year. billion, and the operating cost per business checking account is $710. In 2016, the median sized financial institution is $1.1 deposit market share in 2012 to a 80.7%

Training 60

Training FDIC Community Resources 60

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. Both task forces held their first meetings in June.

Data 60

Data Lending Compliance Policies 60

PYMNTS

JULY 16, 2018

Last month, Adidas revealed that it had come under attack from cybercriminals that had likely made off with the personal information of millions of customers. Citizens access will offer consumers FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States.

Cards 100

Cards Data Digital Banking Retail 100

Independent Banker

NOVEMBER 25, 2015

Unlike highly regulated, FDIC-insured banks, which are subject to strict, expensive security standards designed to protect consumers’ sensitive information, FinTech companies are barely regulated and seldom examined. Although they have bank accounts, they often prefer to use prepaid cards and mobile options to manage their finances.

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

DECEMBER 13, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. Advice for others.

Tools 70

Tools Community Community Bank Security 70

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. So, Now What?

Lending 135

Lending Fraud Management San Francisco 135