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. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

American Banker

DECEMBER 16, 2020

The agency’s second in-depth study of the community banking sector pointed to continued challenges for local institutions from the pandemic and other headwinds, but many smaller banks are reaping the benefits of M&A and holding their own against larger competitors in key lending categories.

FDIC 65

FDIC Community Bank Report Study 65

PYMNTS

MAY 24, 2018

In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. Regulatory uncertainty forced banks out of this space, leaving families to rely on pawn shops, costly payday lenders or loosely regulated online lending during times of financial stress.

FDIC 100

FDIC Lending Regulation Study 100

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind. Do you get that from your deposit analysis ?

Strategy 195

Strategy Lending Security Analysis 195

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. For more help dealing with regulatory challenges, visit Sageworks’ resources section.

Regulation 150

Regulation FDIC Survey Community Bank 150

CFPB Monitor

AUGUST 20, 2020

FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion. On July 23, 2020, the FDIC released a podcast entitled “The Role of Minority Banks.” banking system. banking system.

Regulation 78

Regulation FDIC Community Lending 78

Abrigo

NOVEMBER 29, 2021

Financial institutions generate most of their income by lending and investment activities. 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. Types of Noninterest Income. An important source of revenue.

Community Bank 195

Community Bank Community FDIC Trends 195

PYMNTS

NOVEMBER 12, 2020

Adding to the problem, the Post reported, is the fact that the looming threat of bankruptcies and defaults has already caused banks to tighten lending. FDIC) currently considers 356 banks to be “concentrated” in commercial real estate based on the ratio of CRE loans they hold. No Quick Fix.

New York City 227

New York City New York Missouri Philadelphia 227

PYMNTS

JULY 30, 2019

population, 18 percent report having an overdraft at least once in the last year, according to a Pew study. Low-income households are also more likely to be “ high frequency overdrafters ” who run to a negative balance 14 or more times in a year, according to a different Pew study. In the general U.S.

Digital Banking 190

Digital Banking ATM Study FDIC 190

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. So, according to the FDIC rate cap "guidance", you could not exceed 84 basis points on your money market accounts at December 31, 2017 if you were under regulatory scrutiny.

FDIC 60

FDIC System Regulation Conference 60

Abrigo

AUGUST 3, 2015

The piece also notes that customer service has suffered as a result of higher compliance costs, and community banks face stricter lending standards and capital reserve requirements. But when the approach historically taken by community banks is limited, their competitive advantage also declines.

Compliance 150

Compliance Community Bank Community Survey 150

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

Jeff For Banks

APRIL 25, 2015

Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. If a de novo starts with $15 million of capital, its largest possible lending relationship is $2.2 I don't think de novo banks are key players to business startup capital formation. How do I know this?

FDIC 60

FDIC Capital Community Bank Lending 60

PYMNTS

MARCH 27, 2018

Thus: short-term lending, massive debt and a financial black hole that gets deeper and deeper. The company – which provides both financial education and short-term lending programs to more than 100,000 employers, who in turn offer them to their employees – was born of Kilby’s personal experience.

Taxes 101

Taxes United States Lending System 101

PYMNTS

OCTOBER 26, 2018

Smartwatches lead the growth, according to the data, while market support for fitness trackers is beginning to soften, something that the PYMNTS How We Will Pay study also noted. As the study notes, there is still a lot of room to grow. percent, down from 7 percent in 2015 – the lowest level since the financial crisis.

Samsung 134

Samsung Apple Study Report 134

Jeff For Banks

JUNE 24, 2010

Economists and government officials continue to cite lack of lending activity as a key contributor to our economic malaise. Much of the standoff revolves around real estate secured lending. Bankers, on the other hand, should study carefully the direction of the national and their regional economies. Would your bank lend to Ted?

Lending 67

Lending FDIC Regulation Regional 67

FICO

MARCH 8, 2021

The use of this type of alternative data for credit scoring and, ultimately, consumer lending is promising for several reasons. Studies conducted by the FDIC show that there are tens of millions of U.S. Increasing Lender Confidence.

Data 52

Data Innovation Examples Study 52

Independent Banker

SEPTEMBER 26, 2014

Arecent study published by MetLife Mature Market Institute estimates that the financial loss by victims of elder financial crimes and exploitation is more than $2.9 The video information was extracted from the FDIC-Consumer Financial Protection Bureau Money Smart for Older Adults, so it is reliable, accurate and timely. By Lori Millar.

Community 101

Community Resources Community Bank Video 101

Filene

JULY 18, 2018

The FDIC says more than 45 percent of Hispanic households were unbanked or underbanked in 2015. The annual Financially Underserved Market Size Study , conducted by the Center for Financial Services Innovation (CFSI), illustrates the tremendous opportunity that exists to address the needs of financially underserved consumers.

Community 28

Community Study Resources Lending 28

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. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70

Ohio Community Bank Community Lending 70

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Bovenzi Bovenzi, John F. Brandeis Brandeis, Louis D. Federal Deposit Insurance Corp. Gorton Gorton, Gary B.

America 78

America National Denver United States 78