CFPB Monitor

APRIL 28, 2022

The last few months have seen a flurry of new federal cybersecurity incident reporting requirements and proposals impacting private entities in the financial sector. The abrupt shift in reporting obligations comes after an extended period of time when most financial institutions faced consistent reporting obligations.

Report 147

Report FDIC Regulation Security 147

MyBankTracker

JULY 31, 2020

Both the principal value of the certificate and the interest rate are guaranteed by the bank, and fully covered by FDIC insurance for up to $250,000 per depositor, per bank. And since they are issued by banks, they’re also insured by FDIC. Treasury securities has the advantage of being tax-free for state income tax purposes.

Taxes 52

Taxes Security Marketing FDIC 52

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. The Presidential State of the Union address was supposed to report to Congress the Administration's view of the condition and performance of our country. And I have never heard a regulator say the phrase "over capitalized". Provision, and income taxes.

Taxes 60

Taxes Regional Industry Trends 60

Independent Banker

AUGUST 26, 2015

Electronic signatures are accepted by banking regulators and meet state standards under the Uniform Electronic Transactions Act. Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage.

San Francisco 70

San Francisco Lending System Atlanta 70

South State Correspondent

MARCH 15, 2023

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. A Tweetbinder report below shows that the brand generated more than a million tweets, about 65% of which were negative.

social media 195

social media FDIC Branding Management 195

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. Survey respondents reported an average ag loan approval rate of 75.1%

Lending 195

Lending How To FDIC Survey 195

Independent Banker

JULY 29, 2016

Every spring ICBA holds its Washington Policy Summit where hundreds of community bankers from across the country visit with their congressional members and with federal regulators. FDIC Assessment Rules. Call report simplification. Information reporting mandate. Washington Policy Summit. Cyberthreat legislation.

Community Bank 70

Community Bank Community Washington FDIC 70

Independent Banker

MARCH 15, 2015

Regulation Review Committee, vice chairman. FDIC Advisory Committee on Community Banking, member. He did a great job for the association and Ohio’s community banks, reports Rick Gillett, president and CEO of Sutton Bank in Attica, Ohio, and the CBAO’s previous chairman. “I Housing Policy Task Force, member. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 70

CFPB Monitor

SEPTEMBER 8, 2016

The Department of Defense (DoD) has issued an interpretive rule to assist the industry in complying with its July 2015 final rule amending the Military Lending Act’s implementing regulation. The MLA rule provides a safe harbor for a creditor that determines a consumer’s military status using the DoD database or a credit report.

Compliance 60

Compliance FDIC Security Regulation 60

PYMNTS

DECEMBER 7, 2020

As reported last week, new legislation has debuted on Capitol Hill that would mean companies that want to issue stablecoins would have to get bank charters and regulatory approval in place before issuing the digital currencies. Recently, a BIS study concluded that embedded regulation might offer a solution for stablecoins.

Regulation 192

Regulation United States Cleveland cryptocurrency 192

PYMNTS

JANUARY 10, 2019

According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S. FDIC) was founded in 1933 that an entire year went by without a bank going under. FDIC) was founded in 1933 that an entire year went by without a bank going under. Citing Bloomberg, CNBC noted that the largest U.S.

Industry 153

Industry FDIC US Regulation 153

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. Our unbanked customers use our system to calculate payroll and taxes — and then they have to remit in cash. Those are separate issues,” he said.

Regulation 101

Regulation Taxes Compliance United States 101

PYMNTS

FEBRUARY 22, 2019

Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. The agency’s Quarterly Banking Profile also noted that net income for the industry stood at $59 billion, Bloomberg reported. It was reported that just 6.5 At the same time, interest income jumped by 8.1

FDIC 116

FDIC Taxes Industry Regulation 116

PYMNTS

FEBRUARY 14, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations. The hearing on Wednesday served as the first one for that proposed bill, according to lawmakers and reports. Cash Dangers.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

JULY 23, 2019

That results in cash dominating legal pot transactions, which then increases the chances of theft and tax evasion, at least according to supporters of the SAFE Banking Act (not all of whom are necessarily 100 percent behind the idea of legalized recreational marijuana). Take California as one example.

Taxes 187

Taxes US California Idaho 187

PYMNTS

FEBRUARY 13, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. The hearing on Wednesday served as the first hearing for that proposed bill, according to lawmakers and reports. Cash Dangers.

Oregon 115

Oregon Colorado Operations Washington 115

FICO

JULY 17, 2017

Perhaps an equally daunting challenge is the already crowded legislative agenda, which includes heavy-lift items like healthcare and tax reform and increased infrastructure spending. Similar efforts, further crowding the legislative calendar, may be pursued if the CFPB moves forward with issuing its final small-dollar lending regulation.

US 40

US Leadership Regulation Policies 40