South State Correspondent

APRIL 30, 2024

There are several benefits to community banks in using a loan-level hedge program, but how does a community bank choose a safe solution? The Benefits of a Loan-Level Hedge Program First, let us consider the benefits of a loan hedging program for community banks.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

There are several benefits to community banks in using a loan-level hedge program, but how does a community bank choose a safe solution? The Benefits of a Loan-Level Hedge Program First, let us consider the benefits of a loan hedging program for community banks.

Community Bank 195

Community Bank FDIC Community National 195

American Banker

SEPTEMBER 14, 2023

The secretive world of private credit is increasingly being funded by public money, and there will be no FDIC there to bail us out when things go bad.

FDIC 95

FDIC Regulation US Compliance 95

PYMNTS

NOVEMBER 14, 2018

The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. I encourage the public to use the RFI process to tell us how to ensure that consumers can obtain small dollar credit from banking institutions in a responsible manner.”

FDIC 128

FDIC Lending Study Meeting 128

PYMNTS

JULY 15, 2020

Under its deal with Revolut, Paxos takes care of all the back-office details needed to make the cryptocurrency brokerage run on Revolut’s platform, including compliance with various state and federal regulations, while enabling Revolut to handle the customer-facing aspects of the relationship. Revolut made its U.S.

US 233

US cryptocurrency FDIC Compliance 233

PYMNTS

JANUARY 25, 2019

For big bank loans taken out before April of 2018, prospects of repayment are good, federal banking regulators said on Friday (Jan. However, the portion of loans owed by strongly leveraged borrowers is still high. Reuters reported that the U.S.

FDIC 108

FDIC US Lending Report 108

Banking Exchange

NOVEMBER 28, 2022

Resolution plans for the top eight US banks have been assessed by the Fed and the FDIC Compliance Duties Compliance Management Compliance/Regulatory Feature3 Feature Big Data Digital.

Management 78

Management Data FDIC Regulation 78

Perficient

DECEMBER 21, 2023

Earlier this year, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed rule that would reshape the landscape for certain financial institutions. Learn More: U.S.

DC 221

DC FDIC Washington Compliance 221

PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. Frankly, recent market movements have not given us any reason to be concerned,” she said. In the U.S.,

Regulation 151

Regulation cryptocurrency National Capital 151

PYMNTS

OCTOBER 1, 2019

Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. bank failed during the year, and the third time since the FDIC was founded in 1933 that a whole year went by without a bank going under. . In separate news, U.S.

Technology 217

Technology FDIC US Big Data 217

PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. The CECL accounting standard focuses on estimated losses over the life of a loan; the previous standard still used by many lenders relies on incurred losses. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Report 166

Report US FDIC National 166

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Perficient

NOVEMBER 10, 2023

Transaction Accounts Regulators classify transaction accounts under the Monetary Control Act of 1980 and the Federal Reserve Regulation D for federal reserve requirements on deposit liabilities. Contact us today and let’s explore your financial questions together.

Risk Management 221

Risk Management United States FDIC Compliance 221

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ).

Colorado 102

Colorado Regulation Innovation Wyoming 102

BankBazaar

APRIL 19, 2023

Why did US banks collapse? The US regional banks were under pressure as concern grew among customers and investors about the financial health of the banks in the country. What have the regulators done? The US president has recently said that the perpetrators will face the consequences.

US 78

US United States FDIC Regulation 78

TheGuardian

MAY 1, 2023

US banking titan to buy ‘all deposits and substantially all assets’ of failed bank in deal brokered by regulators JP Morgan is to acquire most of the failed California bank First Republic, in a takeover brokered by regulators as the US races to contain a series of banking failures that has echoes of the 2008 global financial crisis.

FDIC 75

FDIC California US Regulation 75

Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. Gruenberg to the list of regulators and industry officials warning about growing credit risks in the U.S. The FDIC said that the percentage of loans and securities with maturities of three or more years hit the highest percentage in the 18 years of data records, rising to 34.6

FDIC 150

FDIC Lending Community Bank Industry 150

BankInovation

APRIL 28, 2023

First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments.

San Francisco 52

San Francisco FDIC New York Regional 52

PYMNTS

FEBRUARY 18, 2020

The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Recently, Varo Money , a mobile bank, got FDIC approval to accept consumer deposits. This is the first time a FinTech has purchased an actual bank.

Fintech 242

Fintech FDIC Boston Lending 242

Perficient

JUNE 10, 2022

One of the greater concerns, in both the crypto community as well as financial regulators and government, is the value stability of the crypto asset. Regulators must therefore balance the need for stability and regulatory control with the need to allow innovation in the crypto marketplace. Separability.

blockchain 275

blockchain Regulation Policies FDIC 275

Abrigo

MARCH 20, 2020

The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. It’s not a way for us to mask problems.”. FDIC Issues Reminder of TDRs. Learn more. Will COVID-19 modifications be TDRs?

How To 195

How To FDIC Policies Course 195

PYMNTS

OCTOBER 1, 2019

Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. bank failed during the year, and the third time since the FDIC was founded in 1933 that a whole year went by without a bank going under. . In separate news, U.S.

Report 100

Report FDIC US Big Data 100

FICO

MAY 25, 2023

Home Blog Feed test AI Development Can’t Be Paused—But It Can Be Regulated Since Generative AI is here to stay, ChatGPT’s base grew by 9,900% in 60 days, with 1.8 But it is possible to mitigate further wrongs by regulating artificial intelligence, and I believe effective proposed regulation should start from organizations using AI.

Regulation 52

Regulation San Diego Analytics blockchain 52

South State Correspondent

AUGUST 21, 2022

Alternatively, various programs and platforms do not use ISDA documents and rely on more straightforward documentation. Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC).

How To 195

How To Community Bank Community FDIC 195

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Today we did just that.

Regulation 93

Regulation DC FDIC Analytics 93

CFPB Monitor

MARCH 6, 2020

Leonard is currently serving as Deputy to FDIC Chairman Jelena McWilliams and will continue in that position while serving as CFPB Acting Deputy Director. To register and obtain a 25% discount on the registration fee as a client or friend of our firm, please click here and use the code RGA0 KAP25 at checkout. .

New York City 78

New York City FDIC New York Regulation 78

South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. This first bank failure in 2024 is reported to cost the Deposit Insurance Fund $667mm.

Risk Management 195

Risk Management Security Management Groups 195

Bank Innovation

APRIL 24, 2019

Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.

Data 170

Data FDIC Washington Conference 170

TheGuardian

MARCH 17, 2023

SVB Financial Group files for chapter 11 protection but failed Silicon Valley Bank, now under FDIC control, is not part of it Silicon Valley Bank’s parent company filed for bankruptcy protection on Friday, a week after the tech lender was taken over by federal regulators following a 36-hour surge of depositor withdrawals that triggered the worst bank (..)

Company 69

Company FDIC New York Groups 69

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. The question is, how to do this, while keeping the regulators happy? Even better, regulators have recently begun encouraging the application of these techniques.

Regulation 70

Regulation Compliance Analysis Innovation 70

American Banker

MARCH 18, 2023

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FDIC 69

FDIC US Compliance Regulation 69

PYMNTS

DECEMBER 16, 2018

The executives told Bloomberg they are working with regulators and are in the process of overhauling the marketing material related to it. Robinhood’s new products aren’t insured by the FDIC but do have the protection of the Securities Investor Protection Corp. However, we realize the announcement may have caused some confusion.”

FDIC 191

FDIC Fintech Regulation Report 191

PYMNTS

JULY 1, 2019

As noted in this space last week, the regulator who helms Germany’s Federal Cartel Office said that cryptos – in particular, those brought by large technology firms – should be examined by regulators over antitrust concerns. The antitrust issues may play out, as Facebook has said Libra may be used to expand into areas like credit.

cryptocurrency 100

cryptocurrency Regulation social media FDIC 100

American Banker

AUGUST 19, 2022

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FDIC 68

FDIC US cryptocurrency Compliance 68

PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

Regulation 100

Regulation Retail New York Apple 100

PYMNTS

JANUARY 26, 2021

“Governments and regulatory bodies all over the world are concerned with money laundering and illicit activity,” Johnson said, adding that “the tools that are in place will have to allow us to identify transactions that fit certain profiles. Through that checking account, users can purchase crypto to be held in custody. “Or

cryptocurrency 256

cryptocurrency Bitcoin blockchain FDIC 256

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78