Gonzobanker

JUNE 14, 2023

To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. Now, the bank is required to receive FDIC approval for all new third parties and credit products. The FDIC Consent Order is going to impact all partnerships going forward.

Compliance 109

Compliance FDIC Strategy Fintech 109

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.

Risk Management 221

Risk Management Resources Regulation Community 221

Gonzobanker

SEPTEMBER 26, 2024

Banking: It’s a financially leveraged industry run by financial experts who like to geek out on… well, finance. According to the FDIC, the banking industry has roughly $2.5 For illustration, look at the price-to-book multiples of other companies versus the banking industry. trillion of capital today. times book value.

Capital 78

Capital Industry Branding FDIC 78

CFPB Monitor

AUGUST 7, 2020

Acting Comptroller Brooks congratulated Varo Bank leadership and staff, both in his formal statement posted on the OCC website and via a tweet on July 31, 2020: “Congratulations to Colin Walsh and the Varo Money, Inc. team — the first consumer fintech to receive a national bank charter. The water’s fine!”. Varo Bank, N.A.’s

Fintech 78

Fintech FDIC Utah National 78

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. Banking Resources.

Community 195

Community Lending Maine Resources 195

PYMNTS

MARCH 5, 2019

The company also plans to double its size to more than 200 employees and expand its leadership team. Chime noted in its press release that it began March with more than three million FDIC bank accounts. Chime said proceeds from the funding will go toward growing the business and launching additional lending and credit products.

Capital 116

Capital San Francisco FDIC Leadership 116

PopularBank

DECEMBER 11, 2023

Under her leadership, the team has quadrupled in size and has originated more than $5 Billion in association loans as well as more than $1.6 Molly has been with Popular Bank since 2005 and was instrumental in growing PAB into a $2 Billion loan portfolio business and the national platform it is today. Billion in deposits.

Management 52

Management Florida Community Leadership 52

Gonzobanker

FEBRUARY 1, 2024

Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future. Concerns about successors to today’s executive leadership teams dominated many presentations. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Marketing 108

Marketing Community Community Bank Industry 108

Jeff For Banks

JANUARY 14, 2021

If I ignore where I was wrong then I am as guilty of willy-nilly prognostications that I sometimes think industry pundits engage in. When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. Prediction: The General Bank will become extinct.

Community Bank 130

Community Bank Community FDIC Strategy 130

Insights on Business

FEBRUARY 22, 2019

The tendency that the big guys get bigger is known in the industry as the network effect because of customers’ preference of banks with a large network. Contact your IBM representative to learn more about IBM’s thought leadership in banking digital and branch transformation. 3] Source: FDIC banking industry data, 1994-2017.

Branding 143

Branding FDIC Retail Leadership 143

Jeff For Banks

DECEMBER 10, 2023

And I am weary of the persistent "get big or get out" mentality of many industry pundits. 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.

Fresno 98

Fresno North Carolina Raleigh FDIC 98

CFPB Monitor

DECEMBER 6, 2021

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Because of uncertainties about the facts and circumstances of the underlying conduct, consent orders cannot clearly communicate the Bureau’s regulatory expectations to industry.

Regulation 78

Regulation Policies FDIC Report 78

Jeff For Banks

NOVEMBER 23, 2013

Twenty years ago there were 14,000 FDIC-insured financial institutions. not cutting our industry by half), then we are insane. Banking is an industry that is particularly susceptible to external forces such as interest rates, business and consumer confidence, and the economy (both local and national). "don''t

Leadership 91

Leadership Louisiana Taxes Management 91

FICO

JANUARY 13, 2020

banking industry in the 2020. . Industry is anxious for some clear rules of the road, including resolution on such issues as to how many attempted calls can be made weekly to a debtor and how collectors can leverage modern communications technology (e.g., In addition, the Federal Reserve did not join the FDIC and OCC on the proposal.

Policies 52

Policies Las Vegas FDIC Washington 52

Javelin Strategy & Research

SEPTEMBER 2, 2014

My 30 year career started in merchant e-commerce technology, with numerous product management/leadership/launch roles before moving over to product-innovation research some fifteen years ago. Big things rarely happen from solo efforts, and we need a strong financial services industry to strengthen everyone’s well-being.

Innovation 58

Innovation DC FDIC Strategy 58

Jeff For Banks

SEPTEMBER 10, 2011

What is interesting about the success of Bank of the Ozarks and its CEO is the fact that he wasn''t the "experienced banker" regulators almost insist upon when approving the appointment of bank leadership. If our industry is to change, then who should be change agents? billion bank with a 3.60% ROA year to date.

Arkansas 64

Arkansas South Carolina FDIC Georgia 64

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.,

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

OCTOBER 12, 2016

The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc., This decision was taken as part of mortgage lender’s PHH Corp. ” In their ruling, the D.C.

District of Columbia 100

District of Columbia New Jersey Exercises FDIC 100

Independent Banker

DECEMBER 13, 2015

Private industry and ICBA had no input when FFIEC developed the tool, says Lilly Thomas, ICBA vice president and senior regulatory counsel. These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. Again, maturity levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Private industry and ICBA had no input when FFIEC developed the tool, says Lilly Thomas, ICBA vice president and senior regulatory counsel. These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. Again, maturity levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

Filene

OCTOBER 3, 2016

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. The future of the credit union industry rests squarely in the hands of today's youngest generations. Making Newsworthy Impact.

Video 64

Video Millennials Training Resources 64

Independent Banker

MARCH 15, 2015

Yet his steady leadership is paired with a willingness to challenge the status quo cautiously to keep up with an evolving marketplace—a quality that appealed to the bank’s board when it promoted him from loan officer to bank president 25 years ago. Other industry service. FDIC Advisory Committee on Community Banking, member.

Ohio 70

Ohio Community Bank Community Lending 70

Abrigo

SEPTEMBER 14, 2022

Those discretionary data points include the following: Pricing Time in business NAICS Code (business industry classification) Number of employees Application method (e.g., FDIC Releases Formal and Informal Enforcement Actions Manual. in-person, phone, mail, online) Application recipient (e.g., Controversial Provisions. Learn More.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

JANUARY 20, 2022

In this wide-ranging conversation with two experienced reporters on the consumer finance industry, we discuss differences between the current CFPB and the Trump-era CFPB, including with regard to areas of regulatory and enforcement focus such as UDAAP, consumer access to financial information, small business issues, and fair lending.

FDIC 78

FDIC Industry Leadership Report 78

CFPB Monitor

FEBRUARY 3, 2020

The leadership and priorities of the CFPB, OCC, FDIC, and FTC have changed under the Trump Administration. The second panel will feature OCC and FDIC representatives. I am again co-chairing the event, as I have for the past 24 years. I will co-moderate both.

New York City 78

New York City San Francisco FDIC Chicago 78

CFPB Monitor

NOVEMBER 9, 2020

While the leadership and priorities of the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Trade Commission have changed under the Trump Administration, these agencies have remained active in enforcing consumer financial services laws.

FDIC 78

FDIC Regulation Leadership Data 78

CFPB Monitor

APRIL 18, 2019

The leadership of the CFPB, OCC, FDIC and FTC is now firmly under Republican control. The second panel will include discussion among OCC and FDIC representatives. Leonard Chanin, FDIC, Deputy to the Chairman. I am again co-chairing the event, as I have for the past 23 years. Ian Campbell, OCC, Counsel.

Chicago 68

Chicago FDIC Regulation Big Data 68

CFPB Monitor

FEBRUARY 12, 2019

The leadership of the CFPB, OCC, FDIC and FTC is now firmly under Republican control. I will moderate a discussion among CFPB, OCC, FTC and FDIC representatives. I am again co-chairing the event, as I have for the past 23 years.

FDIC 68

FDIC San Francisco New York City New Jersey 68

Gonzobanker

FEBRUARY 7, 2018

Big announcements like JP Morgan Chase’s to hike the pay of 22,000 workers and build 400 new branches certainly had bankers inspired to show some level of investment and even civic leadership from the tax break. In addition to a historic tax cut, bankers were equally excited by the shifting winds and tone of the regulatory environment.

Taxes 75

Taxes Video Analytics Arkansas 75

The Financial Brand

DECEMBER 15, 2020

Amid COVID, recession and industry transition, Democrat priorities like fair-lending and inclusion step up as fintech issues loom larger. The post What A Biden Presidency Will Mean to Banks & Credit Unions appeared first on The Financial Brand.

Lending 40

Lending Branding Fintech Industry 40

The Financial Brand

OCTOBER 22, 2024

This article How Are Banking Industry Experts Handicapping the Impact of the Election? This article How Are Banking Industry Experts Handicapping the Impact of the Election? appeared first on The Financial Brand. The political outcome may matter less than the musical chairs among regulators under any new administration.

Industry 34

Industry Branding Regulation Banking Trends 34

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Bovenzi Bovenzi, John F. Brandeis Brandeis, Louis D. Bryan Bryan, Lowell L. Bryan Bryan, Lowell L.

America 78

America National Denver United States 78

American Banker

NOVEMBER 19, 2024

The next Republican-led FDIC board will inherit a legacy of sexual misconduct and low morale brought to light last year. Despite the breadth of that challenge, industry watchers believe the agency's new leadership can deliver meaningful change.

FDIC 48

FDIC Leadership Industry Policies 48

CFPB Monitor

JANUARY 9, 2017

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Jordan is currently President and CEO of a government relations firm that specializes in strategic business development and President of the National Black Republican Leadership Council.

Leadership 60

Leadership FDIC Policies Compliance 60

CFPB Monitor

OCTOBER 19, 2020

For our webinar last week, “What a Blue Wave in the November 2020 Elections Could Mean for the Consumer Financial Services Industry,” we were joined by special guest Isaac Boltansky, Director of Policy Research at Compass Point Research & Trading. In Chris’s view, such criticism is unfounded.)

Leadership 78

Leadership FDIC Exercises Lending 78

FICO

JULY 17, 2017

The election of a new president has presented President Trump with the opportunity to make sweeping changes within the leadership structure of all the federal agencies, including the independent banking agencies. These changes in leadership will assist in the implementation of the President’s financial regulatory reform agenda.

US 40

US Leadership Regulation Policies 40