Perficient

OCTOBER 30, 2024

In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC.

Regulation 221

Regulation FDIC Compliance Innovation 221

Perficient

DECEMBER 21, 2023

Earlier this year, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed rule that would reshape the landscape for certain financial institutions. Email: Send your comments to regulationshelpdesk@gsa.gov.

DC 221

DC FDIC Washington Compliance 221

CFPB Monitor

MAY 4, 2023

The FDIC recently announced that it has entered into a Consent Order with Cross River Bank (CRB or Bank) to resolve FDIC charges that the Bank engaged in unsafe or unsound practices related to its fair lending compliance. (The The Consent Order was issued in March 2023 but not made public until the end of last month.) .

FDIC 78

FDIC Compliance Fintech Lending 78

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

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . In many cases, financial institutions adopting CECL for the 2023 deadline are tracking ahead of where SEC registrants were as they faced a 2020 deadline.

Survey 195

Survey Software Resources Meeting 195

American Banker

MARCH 7, 2024

Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages. Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says.

FDIC 73

FDIC Report Lending National 73

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. It had $447 million of assets and $121 million of equity at September 30, 2023.

Fresno 98

Fresno North Carolina Raleigh FDIC 98

Perficient

JULY 12, 2023

Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The guidance emphasizes that using third parties, especially those using new technologies, may present elevated risks to banking organizations and their customers, including operational, compliance, and strategic risks.

Management 221

Management Risk Management Regulation Compliance 221

American Banker

AUGUST 8, 2024

s focus on implementing stricter control over brokered deposits is misguided, a former chairman on the agency writes, and misses the real lessons of 2023's bank failures. The Federal Deposit Insurance Corp.'s

FDIC 77

FDIC Community Bank Community Compliance 77

American Banker

MARCH 22, 2024

The FDIC Office of Inspector General attributed the downfall of Citizens Bank in November 2023 to lax lending practices and risk mismanagement by the Lange family, causing a $14.8 million loss to the regulator's Deposit Insurance Fund. The OIG saw no grounds for a more extensive review.

FDIC 41

FDIC Risk Management Iowa Lending 41

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.

Compliance 109

Compliance FDIC Strategy Fintech 109

Perficient

NOVEMBER 17, 2023

Retail Deposits Defined The FDIC classifies retail deposits as demand or term deposits placed within an FDIC-supervised institution by a retail customer or counterparty, excluding brokered deposits. 2Q 2022, first quarter 2023) and upward (3Q 2022) far more sharply than retail deposits.

Retail 221

Retail FDIC Risk Management Management 221

Perficient

NOVEMBER 10, 2023

In the first quarter of 2023, these balances plunged over 40% due to reported U.S. In table form, transaction account balances declined by almost 30% in the second quarter of 2022 as interest rates began to rise, later moderating in the latter half of the year. bank failures but rebounded in the second quarter.

Risk Management 221

Risk Management United States FDIC Compliance 221

CFPB Monitor

MAY 22, 2020

Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

American Banker

JULY 7, 2023

The FDIC's New York regional office faced staffing shortages throughout its supervision of now-failed Signature Bank. Experts say more competitive wages, culture shifts and whistleblower protections could help regulators attract and retain talent and improve oversight.

FDIC 77

FDIC New York Regional Regulation 77

Perficient

SEPTEMBER 6, 2023

RELATED CONTENT : Regulatory Risk and Compliance in Financial Services Share Your Thoughts With OCC Regulators by November 30, 2023 You may submit comments to the OCC by any of the methods set forth below. Comments must be received on or before November 30, 2023. These requirements, with a balance sheet depletion allowance of 0.5

Regulation 221

Regulation DC Capital Washington 221

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Here are Abrigo’s 10 top ALM, CECL, and portfolio risk blogs in 2023. Click the header next to each number to visit the corresponding top blog post.

Risk Management 221

Risk Management Regulation Management Lending 221

American Banker

SEPTEMBER 8, 2023

The Federal Deposit Insurance Corp. acknowledges in a new report that it didn't adequately monitor First Republic Bank's uninsured deposits, interest rate risk sensitivity and rapid growth — and as a result left the bank vulnerable to contagion.

FDIC 80

FDIC Report Compliance Regulation 80

Abrigo

AUGUST 7, 2023

As the Interagency Policy Statement on Allowances for Credit Losses in April 2023 states: In reviewing the appropriateness of an institution's ACLs, examiners may….[v]erify Review CECL model documentation for compliance with guidelines provided by model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

American Banker

OCTOBER 4, 2023

Federal Deposit Insurance Corp. Board Member Jonathan McKernan raised concerns Wednesday over his agency's justification for imposing higher capital on banks, saying they could give nonbanks a more competitive edge in certain activities.

FDIC 66

FDIC Capital Policies Compliance 66

American Banker

SEPTEMBER 11, 2023

Brokered deposits had nothing to do with this year's bank failures, and regulators shouldn't pretend otherwise.

FDIC 86

FDIC Regulation Compliance 86

Abrigo

JULY 26, 2021

They also said it doesn’t ensure compliance with U.S. This is particularly important during periods in which the economic environment is rapidly changing. R egulators noted during the webinar that SCALE is neither an expected method nor a safe harbor. NCUA officials were not included in the SC ALE webinar.

Tools 195

Tools Kansas City Kansas Regulation 195

Perficient

MARCH 22, 2023

Shown below is the 56% increase in FDIC and state bank regulator assessment charges. While certain members of Congress seem to have made up their minds, let’s see if the facts get in the way: As shown above, the total compensation and benefits cost per employee fell by more than 20% in 2022. But the fault is the regulators’, right?

Report 474

Report Regulation Capital Management 474

American Banker

JULY 28, 2023

The Federal Deposit Insurance Corp. this week launched the sale of an $18.5 billion loan portfolio from the failed bank, a pool of debt tied to major private equity and investing firms.

FDIC 36

FDIC Compliance Regulation 36

Gonzobanker

FEBRUARY 1, 2024

The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” M&A Dynamics Last year, we left AOBA noting that most bankers were optimistic about deals picking up later in 2023 and that the chances of a raging 2024 were strong. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

American Banker

AUGUST 29, 2023

The Federal Deposit Insurance Corp. has issued proposals that would make banks with $100 billion of assets or more hold more long-term debt as a cost buffer in the event of a collapse and meet new planning requirements in case they ever have to be resolved in an emergency.

FDIC 36

FDIC Meeting Compliance Regulation 36

American Banker

JUNE 22, 2023

FDIC Chairman Martin Gruenberg announced that regulators will soon issue a proposed rule to finalize U.S. implementation of the most recent revisions to the Basel III capital framework. Among the expected updates are changes to capital requirements for banks with assets of more than $100 billion, three of which failed this spring.

FDIC 50

FDIC Capital Regulation Policies 50

American Banker

MAY 11, 2023

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FDIC 77

FDIC Compliance Regulation 77

American Banker

MAY 19, 2023

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FDIC 101

FDIC Policies Compliance Regulation 101

American Banker

JANUARY 16, 2024

The Federal Reserve's inexplicable failure to enforce rules requiring Silicon Valley Bank Financial Group to serve as a "source of strength" for its subsidiary saddled the FDIC with billions in extra losses.

FDIC 31

FDIC Groups Policies Compliance 31

American Banker

JUNE 12, 2023

Federal Deposit Insurance Corp. vice chair Travis Hill said Silicon Valley Bank's failure raises concerns over the resolution process, and said regulators should work harder to find a buyer for distressed banks in the future.

FDIC 36

FDIC Regulation Policies Compliance 36

American Banker

MARCH 18, 2023

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FDIC 69

FDIC US Compliance Regulation 69

American Banker

MARCH 29, 2023

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FDIC 65

FDIC Policies Compliance Regulation 65

American Banker

APRIL 18, 2023

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FDIC 72

FDIC Compliance Regulation 72

American Banker

APRIL 28, 2023

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FDIC 44

FDIC Management cryptocurrency Compliance 44

American Banker

MAY 31, 2023

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FDIC 36

FDIC Compliance Regulation 36

American Banker

MARCH 27, 2023

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FDIC 47

FDIC Policies Compliance Regulation 47