Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. Gruenberg to the list of regulators and industry officials warning about growing credit risks in the U.S. Gruenberg said the industry reported another positive quarter overall, with most performance indicators showing improvement. percent in the third quarter from 34.2

FDIC 150

FDIC Lending Community Bank Industry 150

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Here are five reasons, according to industry experts. Why SBA Lending?

Lending 195

Lending FDIC Capital Risk Management 195

Bank Innovation

JANUARY 26, 2020

Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank. Jeremy Shure, global head of Grasshopper’s early-stage practice, told Bank Innovation that the company serves founders where the banking industry […].

New York City 243

New York City FDIC New York Innovation 243

PYMNTS

SEPTEMBER 30, 2020

However, the banking industry doesn’t like that one bit. “We Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote. FDIC), the states and the courts. Specific Concerns .

Regulation 349

Regulation National System Industry 349

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 the banking industry reported an annual loan growth of 4.5%

Community Bank 195

Community Bank Community FDIC Industry 195

CFPB Monitor

SEPTEMBER 28, 2022

Giving credit to “the work of the FDIC,” the Senators commented that that “the safety and soundness of the ILC charter has been broadly successful when historically compared to the rest of the banking industry.”

FDIC 78

FDIC Industry Groups Company 78

Jeff For Banks

JANUARY 26, 2023

The FDIC has defined community banks in their December 2020 Community Banking Report that either exclude or include the following criteria: Seems complicated. But the FDIC did confess that a community bank was not easily defined. A community bank lends depositor money here. A big bank lends a little here, there, and everywhere.

Community Bank 147

Community Bank Community FDIC Risk Management 147

PYMNTS

APRIL 7, 2016

On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces and forming their own nonprofit trade association. The CEOs of Funding Circle, Lending Club and Prosper have announced the launch of the Marketplace Lending Association (MLA).

Lending 100

Lending San Francisco FDIC Regulation 100

PYMNTS

OCTOBER 17, 2017

Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. ILCs are used to form industrial loan companies, better known as industrial banks. ILCs are used to form industrial loan companies, better known as industrial banks.

Industry 108

Industry Fintech FDIC Community Bank 108

Abrigo

MARCH 31, 2025

Kirby cited FDIC statistics showing nearly three-quarters of community banks require three or more levels of approval, regardless of the loan size. Avoid using the words well-regarded in the industry. Dont tell me things I dont need to know or that are not germane to the process.

Analysis 195

Analysis Risk Management Management Data 195

Abrigo

MAY 19, 2023

For example, the FDIC’s regulatory expectations for loan review seem quite expansive and encompassing, especially for an industry concerned about its non-interest expense ratio and the cost of its non-revenue-producing staff.

System 195

System Regulation How To Lending 195

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. But as Southwest’s scheduling system crisis over the holidays showed banking and all other industries, technology shortcomings create enormous costs in the short-term and in the future.

Technology 195

Technology Lending Community Software 195

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

Regulation 150

Regulation FDIC Survey Community Bank 150

South State Correspondent

SEPTEMBER 3, 2024

While the directional response of net interest margin (NIM) and return (either return on assets (ROA) or return on equity (ROE)) to changes in interest rates is ambiguous, what is clear is that industry NIM and profitability declines when interest rates decrease. During decreasing interest rate cycles NIM has contracted for the industry.

Community Bank 195

Community Bank Community FDIC Industry 195

CFPB Monitor

APRIL 22, 2019

The FDIC describes the catalyst for the event as the belief that “at the intersection of research and experience lies good public policy.”. The conference features a brief introduction with Treasury Secretary Steven Mnuchin and FDIC Chairman Jelena McWilliams.

FDIC 68

FDIC Conference Arlington Fintech 68

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Here are five reasons, according to industry experts. Why SBA Lending?

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one might expect after such a long and intense build-up, the reactions were also fairly intense from both sides. million comments submitted.

Lending 109

Lending Regulation Guidelines FDIC 109

CFPB Monitor

DECEMBER 28, 2020

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 78

FDIC Industry Policies Company 78

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. “With Visa’s installment solutions, our focus is on enabling the enablers and accelerating the direction of our product,” Duransoy said. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Community banks are critical to ag lending and small business lending. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Even though community banks make up a small share of total assets and deposits, 13.5%

Community Bank 195

Community Bank Community Kansas City Lending 195

American Banker

JUNE 3, 2024

In this month's roundup of top banking news: a Supreme Court ruling on CFPB funding, TD Bank's money laundering woes, an FDIC workplace probe reveals a culture of misconduct and more.

FDIC 90

FDIC Cyber Security System Industry 90

CFPB Monitor

JUNE 4, 2020

As the federal regulator with supervisory authority over (non-Federal Reserve member) state banks and savings associations, the FDIC continues to play an important role in the consumer protection arena. ET, PLI will offer a one-hour briefing, “Consumer Protection: What’s Happening at the FDIC.” Guidance on small-dollar lending.

FDIC 78

FDIC Groups Lending Industry 78

CFPB Monitor

AUGUST 13, 2018

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.

FDIC 68

FDIC Community Lending Guidelines 68

PYMNTS

AUGUST 4, 2020

Those ecosystems will leverage the trust that consumers have placed in traditional financial industry players and tech companies of all sizes – including Big Tech , of course. In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year.

Google 298

Google Digital Banking Course Branding 298

BankInovation

OCTOBER 1, 2020

households unbanked or underbanked according to data from the FDIC, fintechs have long promised better financial access, whether through online lending that looks beyond traditional credit underwriting or digital banking startups with fewer fees. With more than one-quarter of U.S.

Fintech 98

Fintech FDIC US Lending 98

PYMNTS

JULY 15, 2019

reports on jobs figures, the data excludes professions in the farming and agriculture industry. While government jobs data excludes the farming sector , recent analysis from Reuters reveals that the industry may not be enjoying the strength of the U.S. Between December 2015 and March 2019, banks pulled back their farm lending by $3.9

FDIC 142

FDIC Analysis Lending Data 142

CFPB Monitor

NOVEMBER 19, 2018

Thirteen Republican Senators have sent a letter to FDIC Chairman Jelena McWilliams urging the FDIC to take action to ensure that lawful businesses are no longer at risk of adverse financial consequences as a result of “Operation Choke Point, and its associated culture and Choke Point-like regulatory actions.”.

FDIC 68

FDIC Operations Policies Regulation 68

BankInovation

OCTOBER 1, 2020

households unbanked or underbanked according to data from the FDIC, fintechs have long promised better financial access, whether through online lending that looks beyond traditional credit underwriting or digital banking startups with fewer fees. With more than one-quarter of U.S.

Fintech 98

Fintech FDIC US Lending 98

Perficient

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. More Like This: 5 Major Advances in the Future of Banking, Financial Services, and Insurance (BFSI) Industry Contact us today and let’s explore your financial questions together.

Risk Management 221

Risk Management United States FDIC Compliance 221

CFPB Monitor

DECEMBER 8, 2022

the SEC for registered brokers or dealers) or, if Section 2 does not assign a “primary financial regulatory agency,” the FDIC. The ILCs subject to this FDIC authority would include ILCs approved for deposit insurance on or before September 23, 2021. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.).

FDIC 78

FDIC Company Industry Regulation 78

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

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?”. Similar to the other industry trade groups, the BPI letter noted that the CFPB was not granted by Congress a right to review or comment on bank mergers.

FDIC 78

FDIC Groups Community Meeting 78

Jeff For Banks

DECEMBER 10, 2024

And I am weary of the persistent "get big or get out" mentality of many industry pundits. The FDIC designated SVB as systemically important. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

Abrigo

FEBRUARY 16, 2015

Over the course of the last five years, the researchers noted that community banks'' market share (by assets) fell 12 percent, as well as lost momentum in market share in several lending categories. There is no doubt regulation will continue to be a hot topic this year given how much it affect internal banking processes as well as customers.

Community Bank 150

Community Bank Community Regulation Lending 150

CFPB Monitor

AUGUST 1, 2018

The FDIC has not yet responded. Congressmen Luetkemeyer and Tipton assert that the FAQ is inconsistent with the definition of “deposit broker” under 12 C.F.R.

FDIC 68

FDIC Regulation Innovation Resources 68