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

ABA Community Banking

DECEMBER 16, 2020

The FDIC today released a large-scale Community Banking Study that examines community bank performance between year-end 2011 and year-end 2019. The post FDIC Publishes Wide-Ranging Community Banking Study appeared first on ABA Banking Journal.

Community Bank 53

Community Bank FDIC Study Community 53

Payments Source

AUGUST 29, 2016

Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.

FDIC 62

FDIC Trends Compliance Regulation 62

Abrigo

AUGUST 7, 2023

Model risk management guidance ( FRB SR 11-7 , OCC Bulletin 2011-12 , FDIC FIL-22-2017 ) outlines that the guiding principle for validation is an effective challenge to the model design, implementation, and use.

Risk Management 195

Risk Management Handbook Analysis Management 195

CFPB Monitor

MAY 4, 2021

(In its complaint, CSBS alleged that there was uncertainty as to whether Figure Bank will accept deposits but claimed that regardless of whether Figure Bank would accept deposit, “it is clear that Figure Bank has applied for a [SBNB charter] because it will not be FDIC-insured.”).

Technology 78

Technology National Regulation FDIC 78

Jeff For Banks

DECEMBER 26, 2012

For comparison purposes, here are last year''s top five, as measured during September, 2011: #1 BofI Holdings, Inc. #2 This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. and Bank of the Ozarks, Inc.

Texas 78

Texas National FDIC Capital 78

PYMNTS

OCTOBER 13, 2016

The business made its first loans in May 2011, and now there are now about 335 employees in four locations including the U.K., That was a challenge that it was definitely unexpected where we had to come up with an alternative and now we’re happy to be working with an FDIC regulated bank.”. which was added in 2013. “We

Regulation 100

Regulation Lending US FDIC 100

Jeff For Banks

NOVEMBER 6, 2011

From December 31, 2009 through June 30, 2011, deposits for all FDIC insured depositories increased 5.84%. FDIC insurance costs, on average, are 12 basis points on deposit balances. There simply isn''t any place for them to lay it off. Community FIs are experiencing similar activity from their Main Street customers.

Community 65

Community New York FDIC Philadelphia 65

Jeff For Banks

AUGUST 14, 2022

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! But what it turned out to be is nothing more than old fashioned thuggery where the government would use the safety and soundness mandate so their regulatory bodies could pressure financial institutions from doing business with disfavored industries.

Operations 78

Operations Lending Industry FDIC 78

CFPB Monitor

OCTOBER 10, 2019

Celtic could not make and keep the loans on its balance sheet because they would create an unacceptable risk under FDIC regulations. 333, 339 (2011) (FAA preempted California state law prohibiting class action waivers in consumer arbitration provisions). . Concepcion , 563 U.S.

Massachusetts 84

Massachusetts California New York Utah 84

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. Jeff Note: The above post was taken from my firm''s First Quarter, 2011 newsletter. Memorandums of Understanding (“MOU”), Formal Agreements (“FA”), and Cease and Desist Orders (“C&D”) have been on top of our reading list for the past two years.

Regulation 70

Regulation FDIC National Capital 70

American Banker

JULY 26, 2016

Today, loss-share portfolios are shrinking, decreasing by 80% from early 2011, to $18.8 billion at March 31, as many banks negotiate early terminations of their FDIC agreements. In the years after the financial crisis, as banks were collapsing left and right, the Federal Deposit Insurance Corp.

FDIC 28

FDIC Community Bank Community Strategy 28

CFPB Monitor

JUNE 15, 2020

The OCC acted alone in issuing the final CRA rule without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule. Our next blog post will address differences among the OCC’s final rule, the FDIC’s proposed rule, and the Federal Reserve’s existing regulations.

Community 60

Community FDIC Lending Examples 60

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. In 2010, LendingClub added to its war chest with a $24.5

Lending 135

Lending Fraud Management San Francisco 135

Gonzobanker

AUGUST 22, 2014

The vast majority of exits came from banks with less than $100 million in assets, and more than 10,000 of these institutions left the financial services landscape between 1984 and 2011 due to mergers and failures. Once the filters are in place, tools like the FDIC Web site or SNL can help you produce your target list.

Strategy 87

Strategy United States Community New York City 87

Filene

OCTOBER 3, 2016

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. Through the partnership with the school district, we opened our first in-school branch in Madison’s La Follette High School in 2011.

Video 64

Video Millennials Training Resources 64

American Banker

APRIL 21, 2016

Banking regulators made several critically important changes in their new plan to restrict executive pay at financial institutions after their first attempt flopped in 2011. Here's what they did.

Regulation 28

Regulation FDIC 28

FICO

DECEMBER 13, 2019

In China, online P2P lending exploded in popularity, with the number of P2P lenders growing from 50 in 2011 to 6,000 in 2015. Less than a year later the company announced a new deposit product , this time insured by the FDIC. And when fintechs and challenger banks aren’t constrained by regulation (as they mostly are in the U.S.

Regulation 52

Regulation Fintech Lending Branding 52

CFPB Monitor

JULY 1, 2020

The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration. Recently federal agencies proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance.

Policies 60

Policies Security FDIC National 60

CB Insights

DECEMBER 4, 2019

That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% Amazon Lending initially launched in 2011 to help small businesses finance and sell more goods on Amazon.

Cards 101

Cards Lending Strategy US 101

Fintech Labs Insights

SEPTEMBER 3, 2020

Back in the early post-financial-crisis days, 2011, Green Dot picked up Utah’s Bonneville Bancorp for $16M. You’d think that Jiko was looking to leverage FDIC insurance to put its customers at ease. Technically not insured, but if T-bills go down, FDIC insurance will probably be insolvent as well.

Fintech 15

Fintech FDIC Oakland Minnesota 15

Fintech Labs Insights

JULY 24, 2024

million $557 3 GoHenry (Acorns) 2012 Lymington, UK 610,000 $121 4 Step 2018 Palo Alto, CA 100,000 $491 5 FamZoo 2006 Palo Alto, CA 35,000 Unknown 6 Busykid (AKA Leapspring) 2011 Phoenix 34,000 8.3 million $1,700 2 Greenlight 2014 Atlanta 1.3 7 Till 2018 Nantucket, MA 20,000 $6.0 8 Jassby 2017 Waltham, MA 14000 $7.9

CA 15

CA Atlanta Phoenix Philadelphia 15

Fintech Labs Insights

NOVEMBER 10, 2023

Leading Digital Consumer Banks (United States)* ranked by our FAB score (Fintech Attention Barometer**) Company FAB Score** Founded HQ Web Visits (Oct ’23) TrustPilot Score TrustPilot Reviews Funding ($M) 1 Wise (Transferwise) 10581 2011 London 38,100,000 4.2 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

CFPB Monitor

OCTOBER 23, 2014

Mishkin In our blog post yesterday about the CFPB’s final rule allowing an alternative online delivery method for annual privacy notices, we commented that the CFPB has made limited progress on its regulatory streamlining initiative launched in December 2011. CFPB Rulemaking CFPB crapo regulations'

Regulation 95

Regulation FDIC Online 95

Abrigo

SEPTEMBER 14, 2022

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” So back in 2011, we understood the next logical step. Those implementing regulations were coming.

Lending 195

Lending Data Regulation Community 195

Celent Banking

NOVEMBER 17, 2015

Let’s take a look at data compiled by the FDIC starting in 2010. The total dollar value of small business loans outstanding dipped slightly in 2011 and 2012, reflecting slightly smaller loan amounts, a result of tighter lending standards. And that common wisdom that US banks have pulled back from small business lending?

Report 100

Report FDIC Lending Fintech 100

Jeff For Banks

OCTOBER 5, 2020

When the TDB shut them down and the FDIC investigators came in, they had to occupy the church next door because of the smell from the fire. The FDIC issued this guidance in June 2011. The OIG was critical of the TDB and the FDIC for how long it took them to uncover the relative level of loan fraud.

FDIC 78

FDIC Fort Worth Dallas Fraud 78

Jeff For Banks

MARCH 3, 2018

When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist? Today there are less than 5,700. A 26% decline. Was I a futurist?

Apple 65

Apple Millennials Massachusetts FDIC 65

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Money and Power: How Goldman Sachs Came to Rule the World 2011 William D. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Bovenzi Bovenzi, John F.

America 60

America National Denver United States 60

CFPB Monitor

JULY 9, 2020

The OCC’s decision to hurriedly issue the final rule on May 20, 2020 without achieving consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule, has drawn the ire of both consumer advocacy groups and Congress. First, consumer advocates have vigorously opposed the rule.

Groups 140

Groups Community FDIC California 140