Abrigo

JANUARY 24, 2024

Account for the details before your FDIC bank acquisition Consider these tips for assessing your institution and a to-be-acquired institution for a smooth integration You might also like this webinar, "Valuation and purchase accounting: Navigating the changing M&A landscape."

FDIC 195

FDIC Regulation Strategy Data 195

CFPB Monitor

AUGUST 23, 2022

On August 19, 2022, the FDIC issued cease and desist letters to five crypto companies, alleging they made false and misleading statements about FDIC deposit insurance and demanding immediate corrective action. According to the FDIC’s press release , “[b]ased upon evidence collected., Part 328, Subpart B.

FDIC 78

FDIC social media cryptocurrency US 78

Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR). Both the FRB and FDIC will accept comments and answers for 60 days after publication in the Federal Register.

Capital 275

Capital Regulation FDIC Regional 275

Payments Source

FEBRUARY 19, 2021

It is looking to charter its own FDIC-insured institution to be a direct provider. Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses.

Resources 87

Resources FDIC Fintech Cards 87

CFPB Monitor

DECEMBER 28, 2020

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 78

FDIC Industry Policies Company 78

American Banker

FEBRUARY 19, 2021

It is looking to charter its own FDIC-insured institution to be a direct provider. Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses.

Resources 99

Resources FDIC Fintech Cards 99

American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

Examples 88

Examples FDIC Washington Compliance 88

CFPB Monitor

APRIL 4, 2019

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts.

FDIC 68

FDIC Technology Guidelines Security 68

CFPB Monitor

MARCH 24, 2020

The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 60

FDIC Taxes Industry Policies 60

Banking Exchange

JANUARY 11, 2023

First Business Bank has a new CEO, and there are new leaders at the FDIC and NY Fed Management Feature Human Resources Feature3 CSuite.

FDIC 78

FDIC Resources Management 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

DECEMBER 27, 2023

Additionally, the recent rule by the OCC, the Federal Reserve, and the FDIC strengthens and modernizes Community Reinvestment Act (CRA) regulations.  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

FDIC 78

FDIC Regulation Community Lending 78

South State Correspondent

AUGUST 21, 2022

Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those not offering QFC protection – think Lehman Brothers.

How To 195

How To Community Bank Community FDIC 195

Independent Banker

JULY 30, 2015

While all of ICBA’s members are FDIC-insured, the association represents Federal Reserve member banks, nationally chartered banks and state-chartered institutions. The ICBA Community Bank Career Center is the community banking industry’s resource for online employment connections. For more information, visit www.icba.org/pubs.

Resources 70

Resources Tools Community Bank Community 70

PYMNTS

OCTOBER 19, 2020

The Society for Human Resource Management (SHRM) has announced its new SHRM Payment Solution, a press release says, which will focus on faster delivery of payment to employees via electronic means. residents in the near future, PYMNTS writes, according to a report by the Federal Deposit Insurance Corp (FDIC).

FDIC 140

FDIC Resources Cards Payments 140

Independent Banker

OCTOBER 1, 2022

We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. Resources provide added value. Insurance providers and carriers can also serve as a significant resource in providing information and helping banks respond quickly to a breach. By Beth Mattson-Teig.

Montana 152

Montana Policies Resources FDIC 152

CFPB Monitor

OCTOBER 31, 2014

This new product is a Spanish-language version of a pre-existing FDIC publication in English, Money Smart for Older Adults , which is a financial resource tool that is distributed free of charge and is designed to help adults age 62 and older and their caregivers prevent, identify, and respond to elder financial exploitation.

FDIC 74

FDIC Tools Resources Policies 74

CFPB Monitor

AUGUST 1, 2018

The FDIC has not yet responded.

FDIC 68

FDIC Regulation Innovation Resources 68

Abrigo

MAY 19, 2023

Takeaway 3 Consider how much your bank or credit union's resources can support while meeting regulatory expectations. Takeaway 2 Examining the following objectives and evaluating your loan review system based on them can ensure regulatory compliance.

System 195

System Regulation How To Lending 195

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

Jack Henry

AUGUST 24, 2023

In today’s interconnected world, it’s crucial to expand your loan trading network to open doors to new opportunities, collaboration, and resources that can drive growth and success. By tapping into trusted resources and networks that share a commitment to innovation, Apple offers solutions and services that inspire confidence in customers.

Apple 78

Apple Resources social media FDIC 78

PYMNTS

DECEMBER 2, 2020

Step customers get a bank account that is insured by the FDIC, as well as a secured spending card backed by Visa and the P2P payments platform. Users can transfer funds in real time without any fees.

Fintech 217

Fintech FDIC Resources Management 217

Jack Henry

MARCH 18, 2020

On January 16 of this year, the FDIC and OCC issued the Joint Statement on Heightened Cybersecurity Risk. The Statement does not provide any new information, but rather emphasizes standards previously outlined in the Interagency Guidelines Establishing Information Security Standards and FFIEC resources.

FDIC 78

FDIC Guidelines Resources Strategy 78

PYMNTS

AUGUST 5, 2020

The Zibo tools are meant to help save time and implement new tools like Federal Deposit Insurance Corporation (FDIC)-insured business checking accounts, automated rent collection, online bill pay and expense management to help streamline tax preparation.

Payments 141

Payments FDIC Tools Taxes 141

CFPB Monitor

NOVEMBER 18, 2019

Betty Rudolph, FDIC National Director for MDIs and CDFIs. Martha Ninichuk, NCUA Director of the Office of Credit Union Resources and Expansion. The scheduled witnesses include: Beverly Cole, OCC Deputy Comptroller for the Northeastern District and Designated Federal Officer for the Minority Depository Institutions Advisory Committee.

FDIC 68

FDIC Regulation Resources Community 68

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example. This represents a noted reversal from trends of the past decade. About The Tracker.

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

AUGUST 13, 2019

challengers partners with traditional banks to get backing from the Federal Deposit Insurance Corporation (FDIC). “They’re also coming into wealth for the first time,” she said, regarding millennials. . banking startups hold bank charters, the U.S.

FDIC 164

FDIC Millennials Capital Fintech 164

CFPB Monitor

AUGUST 20, 2020

FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion. On July 23, 2020, the FDIC released a podcast entitled “The Role of Minority Banks.” banking system. banking system.

Regulation 78

Regulation FDIC Community Lending 78

Abrigo

JANUARY 8, 2016

FDIC and Federal Reserve officials told the GAO that they had been hearing similar concerns from the institutions they regulate. The FDIC officials reported they are working with examiners to help ensure they follow policies that “take into consideration the size, complexity, and risk profiles of banks,” according to the GAO study.

Regulation 150

Regulation FDIC Survey Community Bank 150

PYMNTS

AUGUST 28, 2019

Small businesses can sign up for an FDIC-insured bank account in three minutes, and can customize the platform to add sub-accounts for payroll, large purchases and taxes. ” In another statement, Radius Bank CEO Mike Butler said small businesses often lack the time and resources necessary for more sophisticated financial management.

Mobile 144

Mobile FDIC Tools Taxes 144

PYMNTS

FEBRUARY 8, 2019

The news comes as five federal agencies spoke in October on how credit unions, as well as community banks, can share resources to make BSA compliance streamlined and bolster AML efforts. FDIC) and the Comptroller of the Currency were involved in the discussion.

FDIC 134

FDIC Community Community Bank National 134

Abrigo

JULY 10, 2023

AI fraud resources for customers Protecting your clientele from AI fraud AI fraud is not top of mind for most bank and credit union customers. The FDIC offers resources tailored toward older individuals, and you can order free brochures from the Consumer Financial Protection Bureau to hand out to your clients.

Fraud 150

Fraud How To social media Security 150

Abrigo

MAY 5, 2022

We have webinars , whitepapers , and other resources to make your job easier. Banking Resources. Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. or largely focused on the domestic banking market. Check them all out in our Knowledge Center.

Community 195

Community Lending Maine Resources 195

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. Learn more about managing credit risk and examiner priorities in uncertain times. watch webinar.

Management 195

Management Risk Management Policies Lending 195