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

OCTOBER 9, 2018

We have been following closely efforts by state regulators, state legislatures and the courts to restrict, or in some cases prohibit, bank model lending programs, so the recent guidance from the Vermont Department of Financial Regulation (“Department”) is welcome news.

Vermont 68

Vermont FDIC Regulation Training 68

Abrigo

MAY 5, 2022

Sometimes 20 minutes, sometimes 50 minutes, this podcast digs into such topics as creating branch experiences that go hand-in-hand with digital ones, identifying risk, and consumer lending. Lending & Credit Risk. BSA Training. Lending & Credit Risk. keep me informed. Whitepaper. Asset Liability Modeling.

Community 195

Community Lending Maine Resources 195

PYMNTS

DECEMBER 23, 2020

The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. And since the user can’t overspend or be late on a payment, it also provides a risk-free, training-wheels approach to building a credit history early in life.

Fintech 322

Fintech Cards FDIC Lending 322

CFPB Monitor

SEPTEMBER 2, 2016

The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Compliance 79

Compliance Groups Lending FDIC 79

CFPB Monitor

SEPTEMBER 2, 2016

The request was made in a letter to the CFPB, the Fed, the FDIC, the OCC, and the NCUA (Agencies). The DoD consulted with the CFPB in developing the final rule, and the CFPB actively supported the DoD’s plans to expand MLA coverage.

Compliance 60

Compliance Groups Lending FDIC 60

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

CFPB Monitor

APRIL 19, 2021

Tomorrow, April 20, the House Financial Services Committee is scheduled to mark-up a series of bills that include a bill dealing with debt collection and two bills dealing with the diversity and inclusion practices of banks and other federally-regulated entities. Debt collection.

Regulation 78

Regulation Policies FDIC 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? We took a serious reputational hit.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

OCTOBER 8, 2019

Further complicating matters is the fact that 80 percent of migrants are paid in cash or with paper checks, and are hesitant to hand over their money to banks without an established trust relationship – particularly if they are trained early on that “hidden fees” will start eating up their funds. For $5 per month, Majority members in the U.S.

Community 126

Community United States Meeting Houston 126

PYMNTS

OCTOBER 8, 2019

Further complicating matters is the fact that 80 percent of migrants are paid in cash or with paper checks, and are hesitant to hand over their money to banks without an established trust relationship – particularly if they are trained early on that “hidden fees” will start eating up their funds. For $5 per month, Majority members in the U.S.

Community 116

Community United States Meeting Houston 116

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Jeff For Banks

AUGUST 2, 2014

We are now training our lenders on pizza oven market valuations and setting a pizza oven loan to value limit in our loan policy. We recognize that there are so many laws and regulations that apply to banks that you can couch any criticism you have for us under some law, such as the Truth in Lending Act.

Regulation 95

Regulation DC FDIC Analytics 95

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.”. Train employees on new rules. Anna DeSimone, president of Bankers Advisory, a lending compliance consulting firm in Belmont, Mass.,

Compliance 101

Compliance Regulation Community Bank Community 101

FICO

MAY 25, 2023

So I’m not sure why more than a thousand tech industry leaders, including Elon Musk and Steve Wozniak, signed an open letter on March 22 calling for “all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than [Open AI’s] GPT-4.” I wrote about how to implement effective AI governance in 2020.

Regulation 52

Regulation San Diego Analytics blockchain 52

Independent Banker

SEPTEMBER 26, 2014

The video information was extracted from the FDIC-Consumer Financial Protection Bureau Money Smart for Older Adults, so it is reliable, accurate and timely. It has been used by financial institutions in an effort to address lending, investments or service credit.

Community 101

Community Resources Community Bank Video 101

CFPB Monitor

JUNE 25, 2020

Until the FDIC and Board of Governors of the Federal Reserve System take action, state nonmember banks and state member banks will continue to comply with the current rule, as codified in 12 CFR Part 228 and Part 345. Small and intermediate banks must comply with the rule by January 1, 2024. Qualifying Activities.

Community 97

Community Lending Meeting Retail 97

Jeff For Banks

MARCH 29, 2014

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers. The amount of deposits available to us while maintaining full FDIC insurance protection for our trust customers has consistently exceeded $30 million for the last three years.

Strategy 102

Strategy Texas San Antonio Fort Worth 102

William Mills

SEPTEMBER 9, 2016

International lending platform – Create opportunities for Investors. 2015 formed aspire to address inefficiencies in alternative lending market. Companies such as Adidas, Carrefour, Cisco Systems, Danone, Fujitsu, Lufthansa Flight Training, Siemens, Société Générale and the United Nations use Liferay.

social media 40

social media ATM Mobile Customer Experience 40

Abrigo

JULY 22, 2022

Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Takeaway 3 Financial institutions should notify the FDIC of crypto-related activity and be familiar with the risks of the cryptocurrency world. . Crypto turbulence.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195