CFPB Monitor

APRIL 4, 2019

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider contracts. Defining key terms in the contracts relevant to business continuity and/or incident response.As

FDIC 68

FDIC Technology Guidelines Security 68

American Banker

OCTOBER 10, 2023

The Federal Deposit Insurance Corp. issued a proposal requiring larger banks to implement a three-line-of-defense risk management model and increased board independence in response to observed weaknesses in corporate governance during past financial crises and recent bank failures.

Guidelines 36

Guidelines Regional FDIC Risk Management 36

Abrigo

AUGUST 7, 2023

Takeaway 2 Regulators say management should periodically validate the loss estimation process for the allowance for credit losses (ACL) and any changes to it. Regulators have noted such risks can involve financial losses, poor business and strategic decision-making, or damage to a bank’s reputation.

Risk Management 195

Risk Management Handbook Analysis Management 195

American Banker

DECEMBER 14, 2022

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Guidelines 77

Guidelines FDIC Policies Compliance 77

PYMNTS

OCTOBER 8, 2020

FDIC), National Credit Union Administration and Office of the Comptroller of the Currency — urged bankers to begin offering such small-dollar loans to help consumers deal with temporary cash flow problems. Federal regulators followed that up in May with an additional nudge to banks laying out detailed guidelines for such small loans.

Charlotte 131

Charlotte America FDIC Guidelines 131

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” Marketing and customer disclosures that comply with applicable laws and regulations and provide information in a clear, conspicuous, accurate, and customer-friendly manner.”.

FDIC 78

FDIC Policies Lending Guidelines 78

CFPB Monitor

JULY 6, 2015

The Office of Inspector General for the Fed/CFPB has sent a memorandum to the CFPB, the subject of which is “The CFPB Can Enhance Its Process for Notifying Prudential Regulators of Potential Material Violations.” Section 1026(d) also requires the relevant prudential regulator to respond in writing within 60 days.

Regulation 60

Regulation FDIC Policies Guidelines 60

Abrigo

JULY 26, 2021

The Scaled CECL Allowance for Losses Estimator (SCALE) tool was unveiled during an “Ask the Fed” webinar , where regulators described the Excel spreadsheet-based option using estimated loss rates from peers as a “ starting point ” in the calculation. Regulatory Guidelines. Haven't adopted CECL yet? Register Now.

Tools 195

Tools Kansas City Kansas Regulation 195

The Financial Brand

APRIL 1, 2024

This article Major Shifts in Federal Bank Merger Policy Pending from Biden Regulators appeared first on The Financial Brand. This article Major Shifts in Federal Bank Merger Policy Pending from Biden Regulators appeared first on The Financial Brand. The Comptroller's Office and the Federal Deposit Insurance Corp.

Policies 32

Policies Regulation Branding Guidelines 32

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Both institutions were over the CRE concentration guidelines, so putting them together would exasperate this risk, so the regulatory thinking must have been. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

MARCH 24, 2016

Regulators – plugging up some unresolved issues part and parcel of the Dodd-Frank legislation of several years ago — want to broaden the reach of such holdbacks by broadening the purview of risky behavior, to include, for example, the amount of money that is handled by an employee.

FDIC 100

FDIC Guidelines Comparison Regulation 100

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. To help you prepare, we created this overview of the critical changes in regulation. Definite, objective guidelines are established across several different tests to help auditors better review bank performance.

Compliance 29

Compliance Regulation Community Guidelines 29

Abrigo

APRIL 21, 2020

Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. How to fund PPP loans.

Lending 195

Lending Capital Minnesota FDIC 195

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. To help you prepare, we created this overview of the critical changes in regulation. Definite, objective guidelines are established across several different tests to help auditors better review bank performance.

Compliance 15

Compliance Regulation Community Guidelines 15

CFPB Monitor

MAY 29, 2019

In addition, it directed the GAO to review the implementation of the amendment. (In February 2019, the FDIC and Federal Reserve Board issued a joint advisory to make financial institutions aware of the provisions in the Economic Growth Act dealing with loan rehabilitation programs.).

Report 60

Report FDIC Regulation Industry 60

Abrigo

SEPTEMBER 5, 2023

As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. If actual practices vary materially from the written guidelines and procedures, the source of this discrepancy should be identified, and either actual practices or the written policy should be changed.

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

MAY 24, 2016

You give them more time to pay, with better guidelines on how big a monthly payment can be and how long a loan can last.” Pay and auto title loans are going to stay on the market, and the CFPB has no ability to regulate pricing. Research answered that question. ” What else did we learn from Bourke?

Lending 103

Lending FDIC Maine Regulation 103

NCR

AUGUST 31, 2016

Yet banks need one important yet not easily attainable ingredient to do mortgages right in an era of ever-increasing rules and regulations—quality. Some banks choose to overcome the quality hurdle—which is demanded by both regulators, GSEs and investors—by hiring their own QC staff. Outsourcing loan QC is not for everybody.

Community Bank 49

Community Bank Community Guidelines Compliance 49

American Banker

AUGUST 2, 2016

Federal bank regulators issued guidelines Tuesday for submissions outlining workplace diversity initiatives.

Guidelines 28

Guidelines Regulation FDIC 28

Jeff For Banks

JULY 16, 2011

In his most recent blog post titled " Are Bank Examiners to Blame for Slow Job Growth " he refutes bankers assertions that regulators are unnecessarily forcing banks to put loans that are paying as agreed on non-accrual. This would put them in sync with regulators, that are requiring banks to write down loans on expected losses.

Capital 64

Capital FDIC Guidelines Regulation 64

Jeff For Banks

MARCH 29, 2014

The amount of deposits available to us while maintaining full FDIC insurance protection for our trust customers has consistently exceeded $30 million for the last three years. We are able to utilize relatively low cost deposits provided by our trust activities to fund additional loan growth. Texas Capital Bancshares, Inc.

Strategy 98

Strategy Texas San Antonio Fort Worth 98

Abrigo

NOVEMBER 22, 2021

Major consumer loan compliance regulations. Major consumer loan compliance regulations cover everything from taking applications and approving or rejecting the credit to collecting payments and reporting to the government on various aspects of the loans. Regulation Z, which implements the Truth in Lending Act (TILA).

Compliance 195

Compliance Lending Risk Management Regulation 195

NCR

NOVEMBER 24, 2016

There’s no mystery as to why: banks must navigate a veritable sea of regulations, including strict guidelines on how to communicate with customers and prospects. According to the FDIC , almost 50% of US Latino households are “unbanked or “under-banked.” Times are changing, however.

Online 40

Online Marketing Branding social media 40

NCR

JUNE 17, 2016

There’s no mystery as to why: banks must navigate a veritable sea of regulations, including strict guidelines on how to communicate with customers and prospects. According to the FDIC , almost 50% of U.S. Times are changing, however. Banks can smartly capitalize on this, and help customers along the way.

Marketing 40

Marketing Online Branding social media 40

American Banker

JULY 30, 2024

issued proposals Tuesday that would reverse Trump-era rules on brokered deposits and tighten the agency's guidelines for approving applications to incorporate new industrial loan companies. The Federal Deposit Insurance Corp.

Course 36

Course FDIC Guidelines Industry 36

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. According to Peterson, the FIs that agree to service these firms are typically state-level banks that are not FDIC-insured. Those are separate issues,” he said.

Regulation 101

Regulation Taxes Compliance United States 101

PYMNTS

OCTOBER 11, 2017

No one will argue the point that regulation is not necessary or that abuses don’t happen. Reading through the collective reactions of the financial services ecosystem over the last seven days makes one thing very clear: The CFPB may have called its payday lending regulations a final draft, but this process is far from over.

Lending 109

Lending Regulation Guidelines FDIC 109

CFPB Monitor

OCTOBER 13, 2020

For example, the Marketplace Lending Association (“MLA”) “strongly supports” the proposal, believes it is an important compliment to the Madden -fix regulation and recognizes that Federal law does not give the OCC the authority to establish interest caps for particular types of loans.

Lending 60

Lending Colorado FDIC National 60

FICO

JANUARY 9, 2017

This meant a continued focus on implementation of recently adopted rules, while bracing for a wave of new regulations from the federal banking agencies. The Trump administration, bolstered by the reelection of a Republican majority in both houses of Congress, has fostered a new environment that is expected to promote de-regulation.

Regulation 40

Regulation Lending New York Leadership 40