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

PYMNTS

JULY 15, 2019

expanded their financing to farming businesses significantly between 2008 and 2015, according to filings with the Federal Deposit Insurance Corporation analyzed by Reuters. percent: the growth rate of FDIC-insured bank loans to farm borrowers as of March 2019. Focusing on the rural Midwest, large banks like JPMorgan Chase & Co.

FDIC 142

FDIC Analysis Lending Data 142

PYMNTS

JANUARY 10, 2019

FDIC) was founded in 1933 that an entire year went by without a bank going under. Despite steep price cuts, retail sales had their worst performance since December of 2008. US Banking Industry Had No Failures in 2018. Last year was the first time since 2006 that not one U.S. LuLaRoe Founders Accused of Hiding Millions from Creditors.

Los Angeles 128

Los Angeles FDIC Retail Maine 128

American Banker

MAY 2, 2023

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FDIC 100

FDIC Policies Compliance Regulation 100

PYMNTS

JUNE 25, 2019

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

American Banker

APRIL 25, 2024

Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.

Utah 63

Utah FDIC Regulation Community Bank 63

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. Eighteen percent of that group opened an account at a digital bank.

Community Bank 130

Community Bank Community FDIC Strategy 130

South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). That fact makes the bank’s deposits less sticky and subject to outflow at any sign of insolvency.

Risk Management 221

Risk Management Management Community Bank Community 221

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

Celent Banking

NOVEMBER 17, 2015

Let’s take a look at data compiled by the FDIC starting in 2010. The facts are that US small business loan volume and dollar value outstanding are at their highest levels since the FDIC began collecting this data from banks. And by the way, there are almost 2,200 fewer banks in the US today than prior to Lehman’s collapse in 2008.

Report 100

Report FDIC Lending Fintech 100

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Attain growth through M&A, new partners. Throughout the decade, one of the biggest changes occurring within the banking industry has been the consolidation of financial institutions. In 2018, the number of banks declined by almost a third to 4,708 institutions.

Lending 195

Lending Fraud Community FDIC 195

Abrigo

DECEMBER 22, 2023

keep me informed watch SVB: Early lessons for all financial institutions from Silicon Valley Bank’s failure The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind.

Risk Management 221

Risk Management Regulation Management Lending 221

American Banker

MARCH 17, 2023

(..)

FDIC 36

FDIC Compliance Regulation 36

Abrigo

JULY 20, 2021

I’d say do it right now.” Wear noted that in the 2008 financial crisis, when the SBA similarly increased guarantees of 7(a) loans to 90%, it ran out of funding before the end of the fiscal year. “I said now is the time for lenders to “triage” their portfolios. “We We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

I’d say do it right now.” Wear noted that in the 2008 financial crisis, when the SBA similarly increased guarantees of 7(a) loans to 90%, it ran out of funding before the end of the fiscal year. “I said now is the time for lenders to “triage” their portfolios. “We We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

CFPB Monitor

JANUARY 19, 2015

Two reports recently issued by the Offices of Inspector General at the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) may provide some insight on the impending final standards. ( FDIC Report ; OCC Report ).

FDIC 60

FDIC Report Policies Regulation 60

PYMNTS

MAY 22, 2018

Tom Hoenig, who stepped down last month as FDIC vice chairman, (said) that the Volcker rule should remain in place but, rather than requiring banks to comply with tedious reporting requirements, allow bank examiners to check compliance with policies and procedures as part of the regular inspection process,” the report added.

Regulation 100

Regulation Regional Innovation Community 100

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind.

Strategy 195

Strategy Lending Security Analysis 195

PYMNTS

OCTOBER 1, 2019

When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. The good news is that the bad news wasn’t worse news — the economy recovered, albeit unevenly and slowly. The good news is that the bad news wasn’t worse news — the economy recovered, albeit unevenly and slowly.

Data 135

Data Lending Capital Regulation 135

BankBazaar

APRIL 19, 2023

The SVB collapse marked the largest bank failure in 2008 financial. What happens to deposits of over $2,50,000 In the United States, for example, the Federal Deposit Insurance Corporation (FDIC) provides deposit insurance for up to $250,000 per depositor, per insured bank. Why did US banks collapse?

US 78

US United States FDIC Regulation 78

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

OCTOBER 15, 2021

Then, boom, the 2008 financial crisis. Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. The Fed Funds Rate stood at 5.25%, and inflation in check at 2.5%. Your money grew. Taxes go down? I made a funny.

Taxes 78

Taxes FDIC Guidelines Policies 78

American Banker

MARCH 25, 2020

While analysts agree banks are in better shape than in 2008, lawmakers are dusting off a crisis-era tool used by the Federal Deposit Insurance Corp. to soothe potential liquidity fears during the coronavirus pandemic.

Tools 50

Tools FDIC 50

Jeff For Banks

MAY 1, 2011

Over the course of the past 10 years, the number of FDIC-insured FIs decreased by 23% (see chart). I chose this period to offset any impact from the 2008-2009 financial crisis. The fixed cost of your IT infrastructure is less on a relative basis for a $1 billion in assets financial institution (FI) than a $500 million in assets FI.

Operations 84

Operations North Carolina Ohio Groups 84

CB Insights

JANUARY 5, 2021

Between 2008 and 2018, the number of commercial bank branches in the US has declined by more than 6%. Source: FDIC. Download the free report to find out what it will take for challenger banks to develop a meaningful share of the banking market. First name. Company Name. Phone number. Alternative services can be costly.

Digital Banking 98

Digital Banking US Online FDIC 98

Jeff For Banks

JUNE 2, 2023

According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. After losses of $24 and $23 million, respectively in 2008 and 09, the regulators in 2010 said enough is enough. We took a serious reputational hit.

FDIC 60

FDIC Community Bank Regulation Lending 60

CFPB Monitor

MARCH 30, 2020

Section 4008 of the CARES Act authorizes the Federal Deposit Insurance Corporation (FDIC) to establish a debt guarantee program to guarantee the debt of solvent insured depository institutions and depository institution holding companies. This section provides that Section 131 of the Emergency Economic Stabilization Act of 2008 (12 U.S.C.

Regulation 122

Regulation United States Community Bank National 122

Long Lasting Ideas

MARCH 3, 2016

Let’s look back a few years at around 2007 and 2008, around the time of the Great Recession. FASB’s complex proposal (Current Expected Credit Loss, or CECL) would force community banks to record a provision for credit losses the moment they make a loan.

Community Bank 40

Community Bank Marketing Strategies Community Regulation 40

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. We’re one of the very few banks that received a charter after the financial collapse in 2008, and we’re still going. By Ed Avis. Methodology. We’re excited about expanding,” Frank says. Commercial: Less than $300 million in assets.

Community Bank 172

Community Bank Community National Philadelphia 172

Fintech Labs Insights

SEPTEMBER 9, 2014

Ever since the financial debacle of 2008, it''s been harder for consumers to establish their first credit account. The funds are held in an FDIC-insured account. Therefore, with no credit history or score, it becomes even harder to get credit.

Denver 25

Denver FDIC Security Bitcoin 25

Fintech Labs Insights

APRIL 6, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? 95,000 6 Meow * 11 4.3% 1,818 reviews) 3.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Fintech Labs Insights

JUNE 26, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in the market with Mercury Vault , offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? 37 reviews) 5. 52 reviews) 6.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Fintech Labs Insights

FEBRUARY 10, 2025

None 2008 Wilmington, NC $157 170,000 3 Baselane 43 3.77% None 2020 NYC $7 170,000 4 Lili 70 3.65% None 2018 NYC $80 180,000 5 Grasshopper 49 3.30% $25k 2016 NYC $173 43,000 6 Relay 191 3.00% $1M 2018 Toronto $51 820,000 U.S. 3,520 reviews, up 260 since Oct) Not FDIC insured 1. 2,170 reviews, up 310 since Oct) iOS : 4.8 million (Jan.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Fintech Labs Insights

MAY 24, 2021

But the tech and financial recessions of 2000 and 2008 held up the newcomers until the last 4 or 5 years. Security features (account freeze, real-time transaction notifications, FDIC insured). I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). marketplace.

Taxes 15

Taxes United States FDIC ATM 15

Fintech Labs Insights

MAY 24, 2021

But the tech and financial recessions of 2000 and 2008 held up the newcomers until the last 4 or 5 years. Security features (account freeze, real-time transaction notifications, FDIC insured). I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). marketplace.

Taxes 15

Taxes United States FDIC ATM 15

Fintech Labs Insights

JULY 24, 2024

9 Mazoola 2008 Philadelphia, PA 7,500 Unknown 10 Goalsetter 2015 NYC 300 39.7 Largest Youth Banking Providers (ranked by website traffic) Rank Company Founded HQ Visits (Jun’24) Funding ($M ) Digital Banks 1 Revolut <18 2015 London 13.8 million $1,700 2 Greenlight 2014 Atlanta 1.3 7 Till 2018 Nantucket, MA 20,000 $6.0

CA 15

CA Atlanta Phoenix Philadelphia 15

Fintech Labs Insights

NOVEMBER 10, 2023

2,500 $992 16 Betterment 498 2008 NYC 1,930,000 $435 17 Wealthfront 453 2011 SF 1,964,000 $274 18 Petal 404 2016 NYC 340,000 $992 19 Braid 390 2019 SF 12,000 $0 20 M1 Finance 371 2015 Chicago 1,230,000 2.2 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15