CFPB Monitor

APRIL 11, 2023

On April 11, 2023, the Consumer Financial Protection Bureau Director Rohit Chopra spoke with the Washington Post regarding the banking industry after the failure of Silicon Valley Bank. Continue Reading

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FDIC Industry Washington 146

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."

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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.

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Perficient

SEPTEMBER 11, 2023

This month, the Federal Deposit Insurance Corporation (FDIC) launches it new Banker Engagement Site (BES) through FDIC connect. Chronology of Compliance Engagement In the pre-personal computer age , FDIC examiners would simply show up at a bank, often by surprise, and start requesting documents from bank executives.

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Compliance FDIC Tools Leadership 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.

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DC FDIC Washington Compliance 221

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. 1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. Source: FDIC. Finalization is expected as early as 2023.

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Compliance FDIC Community Bank Community 100

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. However, the difference began to wane in the first quarter of 2023. 16.5%) in the first quarter of 2023.

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social media FDIC Analysis System 221

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.

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Regulation FDIC Compliance Innovation 221

CFPB Monitor

MAY 2, 2023

Last week, the CFPB, together with the Federal Reserve Board (Board), FDIC, OCC, and NCUA, issued a “ Joint Statement on Completing the LIBOR Transition.”

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FDIC 145

CFPB Monitor

SEPTEMBER 25, 2023

The FDIC has filed motion to dismiss the lawsuit filed in July 2023 in a Minnesota federal district against the FDIC and its Chairman seeking to invalidate the FDIC’s supervisory guidance on charging multiple non-sufficient funds (NSF) fees for the same unpaid item. See out prior blog here.

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FDIC Minnesota 78

ABA Community Banking

NOVEMBER 12, 2024

households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households, which also explored bank account access trends and cryptocurrency adoption. The post FDIC: Percentage of unbanked households dropped slightly in 2023 appeared first on ABA Banking Journal. Roughly 4.2%

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FDIC Survey cryptocurrency National 52

South State Correspondent

DECEMBER 4, 2024

Dynamics of Bank Failure and Performance Credit Risk: While the study spans 160 years, it divides the analysis between pre- and post-FDIC periods (the latter between 1959 and 2023). We will consider post-FDIC failures only.

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Community Bank Community FDIC Tools 195

CFPB Monitor

JANUARY 31, 2023

The FDIC has announced that it is extending by 45 days the comment period for proposed changes to its signage and advertising rule. Several banking trade groups sent a letter to the FDIC requesting the 45-day extension. Originally set for February 21, the comment deadline is extended to April 7, 2023. Continue Reading

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FDIC Groups 78

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.

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Retail FDIC Risk Management Management 221

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.

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FDIC Report Lending National 73

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.) .

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FDIC Compliance Fintech Lending 78

Abrigo

MARCH 20, 2020

The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. FDIC Issues Reminder of TDRs. FDIC, OCC, FED. FDIC, OCC, FED. CECL in 2023: An Analyst’s Perspective . It’s not a way for us to mask problems.”. Learn more. CECL Accounting.

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How To FDIC Policies Course 195

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.

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Fresno North Carolina Raleigh FDIC 101

Perficient

JULY 12, 2023

Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators.

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Management Risk Management Regulation Compliance 221

CFPB Monitor

JULY 24, 2023

A complaint filed on July 20, 2023 in Minnesota federal court seeks declaratory and injunctive relief under the Administrative Procedures Act (APA) against defendants Federal Deposit Insurance Corporation (FDIC) and Chairman Martin J. Gruenberg for the FDIC’s issuance of supervisory guidance to banks under its supervision (i.e.,

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Minnesota FDIC System 78

CFPB Monitor

APRIL 12, 2023

In the March 2023 issue of Consumer Compliance Supervisory Highlights , the FDIC discusses consumer compliance issues identified by its examiners during supervisory activities conducted in 2022 involving referral arrangements, trigger leads, servicemember protections, and fair lending compliance. Compliance Issues.

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Compliance FDIC Lending Trends 78

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.

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Risk Management Regulation Management Lending 221

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. Enter “Docket ID OCC-2023-0011” in the Search Box and click “Search.”

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Regulation DC Capital Washington 221

CFPB Monitor

JANUARY 23, 2024

On September 18, 2023, the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly published and sought comments on a proposal to implement new, standardized capital requirements that would, among other things, increase capital requirements for banks with $100 billion or more in total assets. (..)

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Industry Capital FDIC 179

South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. This quarterly publication provides a comprehensive financial results summary for all FDIC-insured institutions (4,645 commercial banks and savings institutions insured by the FDIC). While banks under $10B in assets comprise 97.8%

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Community Bank Community FDIC Industry 195

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

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FDIC Community Bank Community Compliance 78

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.

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Risk Management United States FDIC Compliance 221

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?

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Report Regulation Capital Management 474

CFPB Monitor

FEBRUARY 21, 2024

On February 14, 2024, the Minnesota Bankers Association and Lake Central Bank (the “Plaintiffs”) filed their memorandum in opposition to the Federal Deposit Insurance Corporation’s (FDIC) motion to dismiss their challenge to the FDIC’s supervisory guidance on NSF fees. Continue Reading

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FDIC Minnesota 78

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. Banks subject to the general performance standards and banks subject to the wholesale and limited purpose bank performance standards must comply with the new CRA framework by January 1, 2023.

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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.

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FDIC New York Regional Regulation 78

CFPB Monitor

DECEMBER 28, 2023

On October 24, 2023, the OCC, FDIC and Board of Governors of the Federal Reserve System jointly adopted final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA). In this episode, which repurposes a webinar, we are joined by guest speaker Kenneth H. Thomas, Ph.D.,

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Community FDIC Regulation System 78

Jeff For Banks

MAY 30, 2024

trillion in domestic deposits, according to the FDIC's Statistics at a Glance. In December 2023, a full three quarters after the Fed paused its tightening of the Fed Funds Rate (QT continued), domestic deposits stood at $17.3 trillion in December 2023. Nine hundred billion dollars, or 5% of deposits. Louis Fed, went from $5.2

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Strategy St. Louis FDIC Retail 106

CFPB Monitor

FEBRUARY 7, 2024

District Court for the Northern District of Texas challenging the final regulations (Final Rules) implementing the Community Reinvestment Act of 1977 (CRA) that were jointly adopted in October 2023 by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve Board (Agencies). .

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Texas Community Groups FDIC 78

CFPB Monitor

NOVEMBER 30, 2023

This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). . Continue Reading

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Community Regulation System FDIC 147

ABA Community Banking

DECEMBER 16, 2024

The total number and value of small-business and small-farm loans made by financial institutions subject to the Community Reinvestment Act declined in 2023 compared to the previous year, the banking agencies reported.

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Lending Data Community Report 52

Abrigo

FEBRUARY 8, 2024

consumers lost billions of dollars due to fraud during 2023. consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. billion was lost to fraud through social media between January 2021 and June 2023. DOWNLOAD Takeaway 1 U.S. According to the FTC , $2.7

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