2022 FDIC Leadership 
Perficient
DECEMBER 29, 2023
Since that blog was published, the FDIC has issued an update on its Restoration Plan for the Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires the FDIC Board to adopt a restoration plan when the DIF’s reserve ratio—the ratio of the fund balance relative to insured deposits—falls below 1.35
Perficient
DECEMBER 1, 2023
In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 Our unparalleled financial services expertise , combined with digital leadership across platforms and business needs, empowers the largest organizations to overcome complex challenges and foster compliant growth.
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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.
Independent Banker
JUNE 30, 2022
Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. By Ed Avis. Methodology. One of the missions of Lead Bank in Lee’s Summit, Mo.,
South State Correspondent
MARCH 13, 2023
The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets. at the end of 2022, with $2.4B
Perficient
AUGUST 15, 2024
Governance factors focus on the organization’s leadership, transparency, accountability, and adherence to ethical business practices.” Social factors consider a company’s treatment of employees, diversity and inclusion practices, community relations, and involvement in socially responsible initiatives.
Gonzobanker
JUNE 14, 2023
Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.
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