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

This analysis helps both current and potential clients understand the resilience of different deposit types to rising interest rates. Transaction Accounts Regulators classify transaction accounts under the Monetary Control Act of 1980 and the Federal Reserve Regulation D for federal reserve requirements on deposit liabilities.

Risk Management 221

Risk Management United States FDIC Compliance 221

CFPB Monitor

APRIL 7, 2022

The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners during consumer compliance examinations conducted in 2021. Fair lending.

FDIC 78

FDIC Compliance Lending Regulation 78

PYMNTS

SEPTEMBER 21, 2020

billion transactions for potential suspicious activity and screened more than 157 million transactions for compliance with applicable sanctions requirements. As Standard Chartered noted to BuzzFeed in the wake of the FinCEN files report: "In 2019 we monitored more than 1.2

Fraud 347

Fraud Report System FDIC 347

CFPB Monitor

JUNE 13, 2022

One issue raised in the RFI is “to what extent should the CFPB be consulted by the FDIC when considering the convenience and needs factor and should that consultation be formalized?”. Whether the FDIC finds these arguments persuasive is yet to be seen.

FDIC 78

FDIC Groups Community Meeting 78

Abrigo

JUNE 28, 2024

You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." Dynamic scenario analysis One effective way of managing interest rate risk is through dynamic scenario analysis. Managing interest rate risk is a complex but essential task for community banks.

Community Bank 195

Community Bank Strategy Community Management 195

Abrigo

JUNE 2, 2021

Does it address a “culture of compliance”? Culture of compliance. FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership. Calibration.

How To 195

How To Training Compliance Policies 195

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. Evaluate the sensitivity analysis performed and identify studies missing that might have a material impact in the model.

Risk Management 195

Risk Management Handbook Analysis Management 195

CFPB Monitor

MARCH 25, 2020

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

FDIC 60

FDIC Policies Regulation Training 60

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. ” Click here to register. Our thoughts.

FDIC 78

FDIC Regulation Community Retail 78

CFPB Monitor

DECEMBER 5, 2019

The OCC, Federal Reserve Board, FDIC, NCUA and CFPB have issued an “ Interagency Statement on the Use of Alternative Data in Credit Underwriting.”. The statement sets forth the agencies’ recognition of the benefits of using alternative data (AD) in credit decisions.

Data 97

Data FDIC Compliance Analysis 97

Abrigo

DECEMBER 22, 2023

Probability of default and how it's used for expected loss Probability of Default/Loss Given Default analysis is a method used by larger institutions to calculate expected loss. Now that it’s implemented, it’s crucial to ensure ongoing compliance and efficient management of the allowance for credit losses (ACL).

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Technological changes in the banking industry have allowed for better product delivery, data analysis, and back-office efficiency,” the report states.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. What are their biggest challenges with the current expected credit loss model?

Survey 195

Survey Software Resources Meeting 195

Insights on Business

MARCH 5, 2019

Reducing costs but appeasing regulators seems like an oxymoron, yet, many AML compliance and operations leaders are being asked to do just that. They even mentioned that these approaches “can maximize utilization of banks’ BSA/AML compliance resources.” But is it possible? Federal encouragement starts now.

Regulation 70

Regulation Compliance Analysis Innovation 70

Jack Henry

APRIL 30, 2014

The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. Information Sharing and Analysis Centers (ISACs). The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Social Assurance

MAY 22, 2020

While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. Bank assessments aim to be a “complete picture” analysis of their activities and how they are serving their communities. Key Takeaway. Revised Reporting Guidelines.

Compliance 29

Compliance Regulation Community Guidelines 29

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. Until the compliance date is reached, banks must continue to comply with parts 25 and 195 of the OCC’s regulations (12 C.F.R.

Community 60

Community FDIC Lending Examples 60

CFPB Monitor

JULY 12, 2022

However, regulators themselves have been criticized for encouraging de-risking by driving highly risk-adverse decisions by FIs, who are unwilling to take the chance and assume the compliance costs of doing business with specific customers who may in fact be “legitimate,” but whose risk profile is deemed to be high due to their group affiliation.

Regulation 78

Regulation ATM Operations Policies 78

Social Assurance

JULY 10, 2020

While the FDIC and Federal Reserve did not join the OCC in releasing this rule, they have released their proposed rule. Bank assessments aim to be a “complete picture” analysis of their activities and how they are serving their communities. Key Takeaway. Revised Reporting Guidelines. ” CRA Blog.

Compliance 15

Compliance Regulation Community Guidelines 15

American Banker

AUGUST 29, 2016

sent a letter to federal regulators Monday requesting an analysis of bank trading data that is being collected as part of the Volcker Rule. Carolyn Maloney, D-N.Y.,

Data 34

Data Analysis Regulation FDIC 34

American Banker

DECEMBER 25, 2024

Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues. That's one of several top regulatory news items in 2024.

America 74

America Analysis FDIC Capital 74

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. Takeaway 1 Risk tied to consumer lending compliance has been elevated as a result of the pandemic and associated operating challenges. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

American Banker

FEBRUARY 27, 2025

The changing of the guard at the Consumer Financial Protection Bureau and hope among bankers for mergers and acquisitions activity are popular items this month.

Analysis 51

Analysis FDIC Industry Compliance 51

ForwardBanker

APRIL 30, 2018

Commercial real estate loans have been integral to the success of many small banks. Long before the Great Recession made everyone in the banking industry rethink nearly everything about how they did business, numerous community banks were highly dependent on CRE loans for revenue.

Community Bank 33

Community Bank Community Lending Industry 33

CFPB Monitor

APRIL 15, 2019

A memorandum issued by the Office of Management and Budget entitled “Guidance on Compliance with the Congressional Review Act” creates a new “speed bump” for final rules issued by the CFPB as well as other independent regulatory agencies such as the Federal Reserve, the FCC, the FDIC, the FTC, and the OCC.

Compliance 68

Compliance Analysis FDIC Report 68

CFPB Monitor

APRIL 15, 2019

A memorandum issued by the Office of Management and Budget entitled “Guidance on Compliance with the Congressional Review Act” imposes a new review process on final rules issued by the CFPB and other independent regulatory agencies such as the Federal Reserve, the FCC, the FDIC, the FTC, and the OCC.

Compliance 60

Compliance Analysis FDIC Report 60

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. The Bureau issued its first (and so far only) no-action letter in September 2017 to Upstart Network Inc.

Data 60

Data Lending Compliance Policies 60

CFPB Monitor

OCTOBER 31, 2022

The CFPB cited prior Federal Reserve and FDIC guidance and its recent consent order related to ASPN overdraft fees. CFPB Compliance Bulletin 2022-06 also addresses the practice of charging a fee for returned deposited items.

Policies 78

Policies FDIC Cards Analysis 78

CFPB Monitor

JANUARY 28, 2021

Although the OCC’s CRA final rule technically became effective on October 1, 2020, it provides transition periods for compliance based on a bank’s asset size, type of charter, and business model.

Community 131

Community FDIC Lending Survey 131

CFPB Monitor

FEBRUARY 10, 2022

A California federal district court judge has rejected challenges to the OCC’s and FDIC’s Madden -fix rules brought in two separate lawsuits by state attorneys general. Section 7.4001(e) and the FDIC rule is codified at 12 C.F.R. The OCC rule is codified at 12 C.F.R. Section 160.110(d). In People of the State of California, et al.

FDIC 78

FDIC California National Regulation 78

American Banker

FEBRUARY 6, 2025

The time is ripe for Congress and the president to shrink the Federal Deposit Insurance Corp.'s s board of directors back down to its original three members, removing the Consumer Financial Protection Bureau's seat.

FDIC 62

FDIC Analysis Policies Compliance 62