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. Truth is, I haven''t.

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Regulation DC FDIC Analytics 95

PYMNTS

OCTOBER 24, 2019

First, a bit of background: The goal has been — and if things are indeed put to rest with a recent court decision — to standardize a patch quilt of regulations that must be satisfied by FinTechs on a state-by-state basis. But Federal Deposit Insurance Corporation (FDIC) coverage — which protects deposits — proved a sticking point this week.

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Fintech FDIC New York National 101

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. You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank.

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social media FDIC Branding Management 195

PYMNTS

NOVEMBER 12, 2020

This is something that could make a bad situation worse,” Adam Slater, lead economist for Oxford Economics in London, told The Washington Post. Bank regulators and overseers have been tracking the problem since the outbreak’s onset. That’s been a huge blow to commercial properties of almost all descriptions.

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CFPB Monitor

OCTOBER 10, 2016

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. ” Speakers include industry representatives and an FDIC representative. ” Among the questions to be addressed are whether “regulation and policy inhibit innovation and skew benefits toward the well-to-do.”

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Fintech FDIC Policies Washington 60

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. in Kent, Ohio.

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Compliance Regulation Community Bank Community 101

PYMNTS

AUGUST 30, 2018

In the Penn Quarter neighborhood of Washington D.C., In so doing, it launched itself into a debate that is unfolding in both its home city of Washington D.C. About 30 percent of the population of Washington D.C. 20 percent of black households are unbanked, and 36 percent are underbanked , according to 2015 data from the FDIC.

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Washington FDIC Security Cards 100

The Financial Brand

JULY 2, 2023

This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand. Get to know banking regulators' new guidance on the subject. Does your bank have or is it contemplating a relationship with a fintech?

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Fintech Washington Branding Regulation 32

American Banker

JUNE 29, 2016

WASHINGTON -- The Federal Deposit Insurance Corp. is launching a survey this month to collect data on the small business lending practices of insured banks.

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Survey Lending FDIC Washington 40

American Banker

JUNE 21, 2016

WASHINGTON – Democratic Senators sent a letter Monday to federal financial regulators pressing them to "remain vigilant" while grading big Wall Street banks' resolution plans.

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Regulation Washington FDIC 37

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders.

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Lending FDIC Washington Financial Technology 60

Jeff For Banks

JUNE 20, 2017

I would argue that using alternative data to make consumer loan decisions scares bankers because it has not played out with the "fairness" laws and regulations out there, and the disparate impact doctrine used by regulators to determine if a practice is discriminatory. I got news for our lawmakers and regulators.

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Data FDIC Regulation Washington 60

American Banker

OCTOBER 26, 2016

WASHINGTON – Sixteen Senate Democrats sent a letter to federal financial regulators on Wednesday asking them to strengthen a proposal to restrict executive compensation at financial firms.

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Regulation Washington FDIC 28

FICO

JANUARY 13, 2020

Some are saying this spring but in Washington, D.C., While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). email and texts).

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Policies Las Vegas FDIC Washington 52

American Banker

APRIL 29, 2016

WASHINGTON – Financial regulators are proposing changes to their standards for evaluating institutions’ compliance with consumer protection rules to account for the evolution in supervisory approaches since the standards were adopted in 1980.

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Compliance Regulation Washington FDIC 28

American Banker

MAY 20, 2016

WASHINGTON – The Federal Deposit Insurance Corp. has extended the comment period on a plan that would require large banks to keep better track of their insured deposits, while making clear it will not extend it to community banks.

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FDIC Washington Community Bank Community 34

American Banker

MARCH 24, 2016

WASHINGTON – Four Democratic senators sent a letter on Thursday to federal financial regulators asking for clear guidance on how banks can serve the marijuana industry.

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Regulation Washington Industry FDIC 28

PYMNTS

FEBRUARY 19, 2019

Reports said Powell noted that looser community bank regulations may help keep branches open. Earlier this month, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C., making it one of the nation’s first new community banks in years.

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Marketing Community Community Bank Industry 108

American Banker

APRIL 11, 2016

employee took off with data on some 44,0000 customers of closed banks when she left the agency in late February, according to an agency memo uncovered by The Washington Post. A former Federal Deposit Insurance Corp.

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FDIC Washington Data Regulation 28

Abrigo

SEPTEMBER 22, 2015

Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job." The hope for many in the industry is that this call report plan is the first step toward changing regulations to make some more community bank-friendly.

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Community Bank Community FDIC Survey 150

American Banker

MAY 19, 2016

WASHINGTON -- The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

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Security FDIC Washington Company 37

Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Here’s an outline of the key activities ICBA’s advocacy team in Washington, D.C., Washington Policy Summit. FDIC Assessment Rules. By Courtney Schoenborn. De novo formations.

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American Banker

NOVEMBER 29, 2016

Yet there was one statistic that is likely to fuel more calls for help from Washington. s third-quarter earnings report was stacked with good news: record earnings and lending, fewer troubled loans and higher interest and noninterest income.

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FDIC Report Washington Cards 28

American Banker

DECEMBER 13, 2016

WASHINGTON – Due to its declining receivership responsibilities, the Federal Deposit Insurance Corp. said Tuesday that it will again reduce its operating budget for fiscal year 2017.

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FDIC Washington Operations Regulation 28

American Banker

AUGUST 29, 2020

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

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Chicago Washington FDIC Community Bank 94

American Banker

MAY 2, 2016

WASHINGTON -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

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FDIC Washington Cyber Security Data 28

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., The Act requires federal banking agencies (the OCC, FDIC and Federal Reserve – “Agencies”) to conduct periodic reviews of each depository institution’s efforts in this area.

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Lending Data Community FDIC 74

Jeff For Banks

APRIL 19, 2015

I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs. Washington has a more traditional mix of very large and community financial institutions. Washington has a more traditional mix of very large and community financial institutions. Each state has its unique flavors of banking.

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Industry Montana Utah Washington 60

Jeff For Banks

FEBRUARY 17, 2021

Yesterday at the ABA's virtual Conference for Community Bankers (CCB), Federal Reserve Governor Michelle Bowman gave a speech, My Perspective on Bank Regulation and Supervision. If these are triggered, off to Washington the merger application goes. On how the Fed defines geographic markets: No hard and fast rule.

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St. Louis Analysis Community Bank Community 78

American Banker

DECEMBER 12, 2016

WASHINGTON – Federal regulators on Monday finalized a rule that lowers the barriers for banks to qualify for extended examination cycles.

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Washington Regulation FDIC 28

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

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Community Bank Community Analytics Lending 70

American Banker

NOVEMBER 9, 2016

While Washington scrambles to make sense of President-Elect Donald Trump's victory and Republicans' control of both chambers of Congress, the implications of the 2016 election on the Financial Stability Oversight Council will be swift and severe, analysts say.

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Washington FDIC Regulation 71

Jeff For Banks

DECEMBER 16, 2022

and Puerto Rico banking laws and regulations. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system. five-year total return and #2 on the JFB Top 5! Well done! #3 Virgin Islands.

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American Banker

NOVEMBER 7, 2016

WASHINGTON – The Federal Reserve's periodic survey of bank loan officers indicates that a decline in banks' share of commercial and industrial lending activity is likely related to nonbanks' ability to outcompete on both price and loan terms.

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Lending Washington Survey Industry 47

American Banker

JANUARY 4, 2017

It's no secret that Washington has been upended since the presidential election, with Donald Trump's unexpected victory forcing observers to recast predictions about what will happen in the new year. Following is a guide to what policymakers to watch and who is poised to make the biggest impact in 2017.

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Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I just accepted a position on the Consumer Advisory Board of the CFPB. I have a lot to learn! I’d like to hear from you.

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Innovation DC FDIC Strategy 58

American Banker

OCTOBER 4, 2016

WASHINGTON – Parts of the revised resolution plans of the eight largest U.S. banks were released Tuesday, according to the Federal Reserve and Federal Deposit Insurance Corp.

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Washington FDIC Regulation 41