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FDIC issues “Madden fix” rule addressing state bank loan interest rates after assignment

CFPB Monitor

The FDIC has issued its widely anticipated final rule resolving the uncertainty caused by the Second Circuit’s Madden v. The FDIC’s Notice of Proposed Rulemaking (“NPR”) was published the same week as an OCC proposed rule intended to address the same issue for national banks under Section 85. Midland Funding decision.

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FDIC Chair’s recent interview gives insight into FDIC’s agenda

CFPB Monitor

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.

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The Death of the Community Bank

Jeff For Banks

A mid-2020 survey performed by Cornerstone Advisors showed that 51% of retail customers that opened a new bank account within the last three months did so at a large, national bank. When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline.

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

Gonzobanker

Concerns about successors to today’s executive leadership teams dominated many presentations. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Guests and Marksberry typically talk leadership, life, and advice for listeners, all while telling stories of their journeys to leadership in the financial sector. It is a living-room-chat style podcast with other credit union executives, consultants, and business owners from Colorado and elsewhere around the world.

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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports. making it one of the nation’s first new community banks in years.

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Hot Topics: How to Prepare for Your Next BSA Exam

Abrigo

FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership. Leadership must actively support and understand compliance efforts.

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