CFPB Monitor

JUNE 18, 2019

Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. The FDIC’s anonymized exam findings include: Overdraft Programs. Real Estate Settlement Procedures Act (“RESPA”) Section 8 Violations.

FDIC 60

FDIC Compliance Regulation Training 60

Perficient

NOVEMBER 30, 2021

Using what could be described as “agile policy-making,” the agencies conducted a series of interagency “policy sprints” focused on crypto assets. Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Activities involving payments, including stablecoins.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

CFPB Monitor

APRIL 13, 2022

These concerns are often dismissed by consumer advocates with the argument that banks and credit unions will increase their small-dollar lending if other providers leave the market due to interest rate caps. Among the services examined by the GAO in the report is small-dollar lending.

Report 78

Report Lending FDIC Regulation 78

Abrigo

MAY 5, 2022

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. or largely focused on the domestic banking market. And all release a new episode at least monthly. Stay up to Date.

Community 195

Community Lending Maine Resources 195

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. Earlier this month, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C.,

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., The Act requires federal banking agencies (the OCC, FDIC and Federal Reserve – “Agencies”) to conduct periodic reviews of each depository institution’s efforts in this area.

Lending 74

Lending Data Community FDIC 74

CFPB Monitor

AUGUST 24, 2020

Supreme Court, a Colorado appellate court (after any chance for appeal has run) or the FDIC adopts a “true lender” test that differs from the safe harbor). Disclosure and Funding Criteria – Program loan agreements, websites and disclosures must identify the bank as the lender, and the bank must fund the loans from its own account.

Colorado 78

Colorado Fintech Lending Online 78

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

Data 135

Data Lending Capital Regulation 135

Jeff For Banks

JUNE 4, 2018

"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. I recently wrote that I thought bankers would have to prepare to offer rates more in line with the market. And so went your exams. The Fed Funds Rate was 1.25%-1.50%.

FDIC 60

FDIC System Regulation Conference 60

CFPB Monitor

NOVEMBER 24, 2020

A bank with $100 million or more in total assets would be presumed to hold such a market position but could attempt to rebut the presumption by submitting written materials to the OCC demonstrating it does not hold either market position. Comments on the proposal are due by January 4, 2021.

Operations 78

Operations Analysis Industry Policies 78

CFPB Monitor

SEPTEMBER 9, 2020

Our letter draws on Ballard Spahr’s two-plus decades of experience in representing banks and savings associations (“Banks”) in establishing lending programs (“Bank-Agent Programs”) where a Bank obtains substantial assistance from a fintech or other non-Bank company (an “Agent”) to offer Bank loans to consumers or small businesses.

FDIC 78

FDIC National South Dakota Lending 78

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. I want to read to you the FDIC’s conclusion from their An Examination of the Banking Crisis of the 1980’s and Early 1990’s. Who would’ve thought lending $1 million to a San Francisco cab driver to buy a house at 100% loan to value would go bad? What caused it?

FDIC 78

FDIC Community Bank Regulation Lending 78

TrustBank

JUNE 10, 2020

In its most basic form, a bank takes in money from savers (depositors), agrees to pay them a certain interest rate and then uses those funds to lend to borrowers at a higher interest rate, thus earning the difference as their income. Sometimes, banks do not lend out all that they can. Why such an increase?

Washington 59

Washington Lending Security FDIC 59

CFPB Monitor

DECEMBER 14, 2021

The rulemakings classified as inactive included overdrafts, supervision of larger participants in markets for personal loans, and student loan servicing. In March 2019, the CFPB issued an ANPR to extend Truth in Lending Act ability-to-repay requirements to PACE transactions. Amendments to FIRREA Concerning Automated Valuation Models.

Lending 78

Lending FDIC Regulation Data 78

Jeff For Banks

OCTOBER 15, 2021

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Sure, your home value declined, but what does that mean to someone with little to no mortgage and isn't in the market to sell? Forcing savers into equities, which has driven markets up. Taxes go down?

Taxes 78

Taxes FDIC Guidelines Policies 78

Independent Banker

FEBRUARY 24, 2016

A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Risk-management practices “that cause concern,” the regulators wrote, include “a greater number of underwriting policy exceptions and insufficient monitoring of market conditions.”.

Community Bank 70

Community Bank Lending Community Regulation 70

CFPB Monitor

DECEMBER 3, 2015

A blog post about payday lending, “Reframing the Debate about Payday Lending,” posted on the New York Fed’s website takes issue with several “elements of the payday lending critique” and argues that more research is needed before “wholesale reforms” are implemented.

Lending 60

Lending Study New York Kansas 60

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

Jeff For Banks

AUGUST 2, 2014

We have a lot of small restaurants in our markets that can pledge pizza ovens as collateral. We are now training our lenders on pizza oven market valuations and setting a pizza oven loan to value limit in our loan policy. What you suggest we do is create greater diversity in our loan portfolio.

Regulation 93

Regulation DC FDIC Analytics 93

Abrigo

SEPTEMBER 15, 2022

Bank monitoring in construction lending. More construction loan monitoring ultimately decreases loan default, according to a new FDIC Center for Financial Research working paper. While it doesn't necessarily reflect the views of the FDIC, the paper includes preliminary findings from research by FDIC staff and an FDIC Visiting Scholar.

Study 195

Study FDIC Lending Risk Management 195

CFPB Monitor

FEBRUARY 2, 2015

As a follow up to a January 2014 meeting with private student loan lenders and servicers convened by Director Cordray and Education Secretary Arne Duncan, the CFPB sent letters last week to certain “market participants” requesting information about current and planned loan modification options. Information Requests.

Industry 60

Industry FDIC Meeting Regulation 60

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. Market strategy outside the US. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending.

Cards 101

Cards Lending Strategy US 101

Independent Banker

SEPTEMBER 25, 2014

As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. Anna DeSimone, president of Bankers Advisory, a lending compliance consulting firm in Belmont, Mass., increased operational risks.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Jack Hartings and Mindy Kremer, marketing director for Mercer Health Hospital in Coldwater, talk in a patient care unit.

Ohio 70

Ohio Community Bank Community Lending 70

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” In that statement, the agencies indicated that they were “working on future guidance and lending principles for responsible small-dollar loans.”.

FDIC 78

FDIC Policies Lending Guidelines 78

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

CFPB Monitor

NOVEMBER 22, 2022

The Treasury Department has released a report entitled “ Assessing the Impact of New Entrant Non-bank Firms on Competition in Consumer Finance Markets.” The report looks at the role of these new entrant non-banks, how they interact with insured depository institutions (IDIs), and their impact on these core markets.

Fintech 78

Fintech Report Data Lending 78

Jeff For Banks

MARCH 29, 2014

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers. We believe we can effectively compete as a community bank in our market area and the niche markets we serve. We focus our marketing efforts in three areas.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

CFPB Monitor

JUNE 15, 2021

The items identified in the agenda as in the “proposed rule stage” are: Business Lending Data (Regulation B). In March 2019, the CFPB issued an Advance Notice of Proposed Rulemaking to extend Truth in Lending Act ability-to-repay requirements to PACE transactions. Amendments to FIRREA Concerning Appraisals (Automated Valuation Models).

Regulation 78

Regulation FDIC Lending Data 78

CFPB Monitor

SEPTEMBER 24, 2019

Observing that the uncertainty created by Madden has “hinder[ed] the efficient and effective operation of credit markets and impedes fintech innovation,” the lawmakers ask for a “administrative solution” to mitigate the consequences of Madden.

Colorado 60

Colorado National Policies Lending 60

CFPB Monitor

DECEMBER 16, 2020

Chairman Waters and members of her staff are expected to have a strong voice in shaping the Biden Administration’s approach to financial services regulatory policy. The new CFPB Director should restore the role and responsibilities of the Office of Fair Lending and Equal Opportunity.

Policies 78

Policies Regulation Lending FDIC 78

Jeff For Banks

APRIL 14, 2022

21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 2022 Ben S. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. The Panic of 1907: Lessons Learned from the Market's Perfect Storm 2009 Lowell L. Bernanke Bernanke, Ben S. Bernanke Bernanke, Ben S.

America 78

America National Denver United States 78

FICO

JANUARY 9, 2017

consumer lending market anticipated 2017 would be more of the same. This means that the future fate of controversial rulemaking, such as the CFPB’s arbitration and small dollar lending proposals that began under a Democratic administration, will be subject to the Republican Congress’ potential use of the CRA.

Regulation 40

Regulation Lending New York Leadership 40