FDIC Lending Operations Presentation 
Perficient
JULY 12, 2023
Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The guidance emphasizes that using third parties, especially those using new technologies, may present elevated risks to banking organizations and their customers, including operational, compliance, and strategic risks.
CFPB Monitor
MAY 6, 2021
A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts.
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Abrigo
OCTOBER 28, 2022
Overall, FDIC-insured commercial banks and savings institutions aren’t seeing dramatic increases in net charge-offs ( Chart 1 ) or rates related to declining asset quality ( Chart 2 ), such as past-due rates and rates for non-current loans. Comments on the proposal were due Oct.
Abrigo
NOVEMBER 9, 2022
How has CECL implementation impacted their operations and reserves for credit losses? CECL's impact on operations. Banks and credit unions will undoubtedly need to update CECL models and operational aspects of allowance calculations as the lending, risk, and regulatory environments change. Lending & Credit Risk.
PYMNTS
OCTOBER 30, 2019
“While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event. Open Banking Targets Corporates.
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. lending marketplace. Attorney Alex Tse. “We The Response.
Independent Banker
SEPTEMBER 25, 2014
Grovetta Gardineer, a deputy comptroller for the Office of the Comptroller of the Currency, points out that community banks are best placed to understand their own individual risk tolerances and overall operational complexity. What prompts outsourcing. A variety of motivations prompt community banks engage external consultants.
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