CFPB Monitor

DECEMBER 9, 2019

The Federal Deposit Insurance Corporation (the “FDIC”) has published a request for information in the Federal Register (the “RFI”) seeking comment on approaches it uses, or is considering using, to analyze the effects of its regulatory actions and rulemaking. The format and presentation of regulatory analysis.

FDIC 78

FDIC Analysis Regulation Maine 78

CFPB Monitor

SEPTEMBER 22, 2022

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation joined by Martin Bryce, a partner and senior litigator in the firm’s Consumer Financial Services Group, and Kristen Larson, Of Counsel in the CFS Group.

FDIC 78

FDIC Compliance Groups Regulation 78

CFPB Monitor

MARCH 25, 2020

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

FDIC 60

FDIC Policies Regulation Training 60

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.

Management 221

Management Risk Management Regulation Compliance 221

Independent Banker

DECEMBER 31, 2022

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

MARCH 4, 2019

small business loan volume has given its SMB loan portfolio greater than “almost 98 percent of FDIC-insured banks,” citing FDIC statistics on outstanding loans of less than $1 million. ” At present, Funding Circle said it holds more than $1 billion in small business loans.

FDIC 130

FDIC Lending US System 130

Perficient

NOVEMBER 10, 2023

Presented graphically below, the reader can see the significant decline in the bank’s transaction account balances during the time period analyzed. Over the past 18 months, transaction accounts fell by almost 23%, showing they are not entirely inert.

Risk Management 221

Risk Management United States FDIC Compliance 221

CFPB Monitor

SEPTEMBER 12, 2019

The OCC and FDIC have filed a joint amicus brief in a Colorado federal district court arguing that the court should affirm the decision of a bankruptcy court holding that a non-bank loan assignee could charge the same interest rate the bank assignor could charge under Section 27(a) of the Federal Deposit Insurance Act, 12 U.S.C.

Colorado 60

Colorado FDIC Wisconsin National 60

BankInovation

JUNE 24, 2022

A collaborative effort is required to verify identities, according to solutions presented at the recent Federal Deposit Insurance Corp. FDIC) FDITECH Sprint, which sought solutions on modernizing digital identity proofing or verification for remote customers. The […].

FDIC 52

FDIC Fraud Management Security 52

CFPB Monitor

MAY 17, 2021

Fed Vice Chair Quarles is expected to be questioned about the Fed’s proposed revisions to its Durbin Amendment rule regarding card-not-present transactions and FDIC Chair McWilliams is expected to be questioned about the FDIC’s rule regarding deposit insurance applications from industrial banks or industrial loan companies.

Regulation 78

Regulation FDIC National Community 78

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

Management 150

Management FDIC Risk Management Community Bank 150

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. Investors are concerned about earnings, and more than one presentation posed the question: “Will credit replace margin?” But kudos to Michaud for acknowledging this could be the busiest graph/image he’s ever presented. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

American Banker

JUNE 23, 2020

Three banking trade associations told the FDIC that Rakuten Bank America, even after revisions to its earlier application to the agency, would still violate the separation of banking and commerce as well as present consumer privacy concerns.

FDIC 57

FDIC Industry America 57

CFPB Monitor

NOVEMBER 10, 2016

In addition to a CFPB representative, the presenters included representatives from the Fed, FDIC, OCC and NCUA. The presenters each discussed issues identified by their respective agency through consumer complaints, examinations, or enforcement actions. A copy of the slides used by the presenters can be found here.

FDIC 76

FDIC Policies Lending Report 76

South State Correspondent

JANUARY 10, 2024

We estimate that approximately another 500 use hedging programs that keep the derivative off balance sheet (thus not reportable by FDIC). The current inverted yield curve presents community banks with a novel opportunity to increase net interest margins and generate fee income for terms between three and 20 years fixed.

Community Bank 195

Community Bank Community National Regional 195

Abrigo

JANUARY 4, 2023

"The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," read a joint statement from the Federal Reserve, FDIC, and the OCC. Of course, crypto is not insured by the Federal Deposit Insurance Corporation (FDIC) and is a risky investment.

social media 195

social media Fraud cryptocurrency Trends 195

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. The new Maryland matter demonstrates that participants in bank model programs continue to face state licensing threats.

Maryland 78

Maryland Lending Missouri FDIC 78

Abrigo

FEBRUARY 12, 2020

According to various real estate experts, areas of CRE expected to present growth opportunities in 2020 include multifamily, data centers, physician offices, and flexible office space. This increase in property values is expected to translate into increased sales transactions and demand for mortgage debt in 2020."

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

NOVEMBER 7, 2017

To use the Amazon Cash function, consumers present barcodes that are tied to their Amazon applications at the cash register. The addition of 7-Eleven broadens the reach of Amazon Cash, which launched in April and had previously been available at CVS, GameStop and several supermarket chains.

United States 101

United States FDIC America Retail 101

CFPB Monitor

OCTOBER 6, 2022

Here, a different question is presented: who actually assumed the risk and made the loans at issue in light of the Commissioner’s allegations that all was structured with OppFi as the lender….As The FDIC’s view at that time was that state law controls when a loan is made by a state bank and the FDIC could not preempt state law on this issue.

California 78

California FDIC Analysis Utah 78

CFPB Monitor

OCTOBER 13, 2016

In addition to a CFPB representative, the speakers will include representatives from the Fed, FDIC, OCC and NCUA. The presentation will be followed by a Q&A segment. Webinar speakers will discuss issues identified through consumer complaints, examinations, and enforcement actions. Information about registration is available here.

FDIC 60

FDIC Report 60

PYMNTS

JANUARY 26, 2021

At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow. The company also offers an FDIC-insured checking account to help spur crypto-friendly banking, Johnson noted.

cryptocurrency 256

cryptocurrency Bitcoin blockchain FDIC 256

PYMNTS

JULY 14, 2020

percent annual percentage yield (APY), an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,’” a statement said. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

FEBRUARY 15, 2019

As noted in this space late last year, five federal agencies spoke out, and presented a statement that detailed how credit unions and banks could share resources to make Bank Secrecy Act compliance efforts more streamlined.

Compliance 122

Compliance Fraud United States FDIC 122

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.

Management 195

Management Risk Management Policies Lending 195

CFPB Monitor

AUGUST 18, 2016

” Pew’s findings include the following: Pew states that “[e]ach year since 2013, Pew has evaluated the dispute resolution policies and practices disclosed by the 50 largest retail banks in the U.S.”

Study 60

Study Survey Resources FDIC 60

Abrigo

JULY 10, 2023

The rise of AI Understanding AI fraud schemes Integrating artificial intelligence (AI) presents promising opportunities and daunting challenges in today's ever-evolving world of financial transactions and digital advancements. Takeaway 3 Inform your customers of the latest AI fraud trends and give them best practices to avoid it.

Fraud 150

Fraud How To social media Security 150

CFPB Monitor

OCTOBER 1, 2018

1010.100(d) — and their subsidiaries which are subject to the jurisdiction of the OCC, Federal Reserve, FDIC, or NCUA. Clearly, the key argument to be made by other financial institutions seeking similar relief is that the particular kind of financial transaction at issue presents a “low risk of money laundering.”

Regulation 60

Regulation FDIC Policies Compliance 60

Abrigo

DECEMBER 23, 2014

Banks and credit unions continued loan growth after the lows of the economic downtown, as recently highlighted by the FDIC and OCC. How to calculate present value of future cash flows for a TDR – This post contained a video from a Sageworks webinar that described how to work with troubled debt restructure (TDR) scenarios.

FDIC 170

FDIC Trends Video How To 170

Jeff For Banks

MARCH 31, 2018

FDIC insured. Mid Penn boasted about their cost of deposits and funds in their 2016 annual meeting investor presentation (pages 21-22). My colleague recently sent me a link for meetbeam.com , a soon to be released banking app that boasts a 2%-4% rate for your cash, FDIC insured (they are partnering with a bank). By default.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

PYMNTS

JANUARY 7, 2019

Against that backdrop, there are, at present, no plans for the nation to issue a state-backed cryptocurrency, as the government has pointed toward continuing concerns over money laundering and cyber risks. The statement comes as cryptocurrencies are still not being recognized as legal tender. In the U.S.,

Regulation 151

Regulation cryptocurrency National Capital 151

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

Abrigo

NOVEMBER 3, 2014

To learn more about the stress testing information provided to bank boards, and how that information can be used, download the whitepaper: Presenting Stress Test Results to the Board. Embracing the self-assessment process and acting on results will help banks to become more forward-looking and ensure they are prepared for the future.

Meeting 170

Meeting Policies Training Exercises 170

CFPB Monitor

OCTOBER 17, 2022

Many students are being directed to websites where they are presented with account options for receiving Title IV funds by electronic deposit in ways that do not appear to comply with the “student choice” requirements in the cash management rules including that such options be presented in a “neutral manner” so as to avoid steering.

Cards 78

Cards Report Regulation FDIC 78

Abrigo

JULY 25, 2017

Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. That 13% represented 80% of the losses to the FDIC insurance fund. In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices.

Risk Management 150

Risk Management Management Capital Lending 150

Jeff For Banks

MAY 21, 2023

Chapter 10: The Hot Rate Stalemate, where I wrote "paying 1/3 the market rate on a customer's savings, and then bragging about it in your investor presentations, can't be a way to strengthen relationships and increase the amount of business you do with them." To the second question, my response was "it's in my book." That's worth something.

FDIC 78

FDIC Strategy Marketing Branding 78

Jeff For Banks

OCTOBER 7, 2021

As part of the presentations, I had an audience participation segment where attendees suggested how to get off the hot rate addiction and I promised to publish their responses on my blog. Here were their answers. In other words, they really don't have "deep relationships." But I go with what the banker gave me.

How To 78

How To Conference Branding FDIC 78