Perficient

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 Our unparalleled financial services expertise , combined with digital leadership across platforms and business needs, empowers the largest organizations to overcome complex challenges and foster compliant growth.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Abrigo

OCTOBER 30, 2024

In addition, he noted, a recent consent order from the FDIC required an institution with assets below $1 billion to ‘establish satisfactory quality control procedures over the alert clearing and investigation process. Abrigo Advisors expect this emphasis on quality control will be a theme during exams —even at smaller institutions.

Compliance 221

Compliance Training System Management 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.

DC 221

DC FDIC Washington Compliance 221

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

DECEMBER 3, 2018

On November 15, 2018, in response to a November 7, 2018 letter from Republican Senators , FDIC Chairman Jelena McWilliams announced that the FDIC has engaged outside counsel to investigate the Obama-era Operation Choke Point, under which the FDIC and other government agencies pressured banks not to do business with payday lenders.

FDIC 68

FDIC Operations Exercises Policies 68

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

Perficient

AUGUST 9, 2022

Building trust is not limited to overarching company leadership. Greenwood operates completely online, but they partner with FDIC-insured banks and are part of a global ATM network that allows members to use more than 100,000 ATMs fee-free when they need to withdraw and deposit physical cash and checks.

Community 275

Community Customer Experience ATM Examples 275

CFPB Monitor

JUNE 29, 2020

The FDIC has issued its widely anticipated final rule resolving the uncertainty caused by the Second Circuit’s Madden v. The FDIC’s Notice of Proposed Rulemaking (“NPR”) was published the same week as an OCC proposed rule intended to address the same issue for national banks under Section 85. Midland Funding decision. to 1:00 p.m.

FDIC 60

FDIC National Analysis Regulation 60

American Banker

AUGUST 1, 2024

A report by the FDIC Office of the Inspector General found the agency failed to sustain corrective actions, leading to a persistent environment of sexual harassment, distrust of management and fear of retaliation.

FDIC 36

FDIC Leadership Management Report 36

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

CFPB Monitor

NOVEMBER 1, 2018

While the pace of the CFPB’s fair lending activities has slowed under its new leadership, significant fair lending developments are occurring elsewhere. In this week’s podcast, we discuss several of those developments and their broader implications.

Lending 79

Lending Connecticut FDIC New York 79

South State Correspondent

MARCH 13, 2023

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

Risk Management 221

Risk Management Management Community Bank Community 221

Perficient

SEPTEMBER 6, 2023

Our financial services expertise , blended with our digital leadership across platforms and business needs, equips the largest organizations to solve complex challenges and drive growth. Contact us to discuss your specific risk and regulatory challenges.

Regulation 221

Regulation DC Capital Washington 221

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

Abrigo

JUNE 2, 2021

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. Leadership must actively support and understand compliance efforts.

How To 195

How To Training Compliance Policies 195

Insights on Business

FEBRUARY 22, 2019

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. Explore IBM Banking and Financial Markets Solutions. [1] 1] Source: Accelerating digital transformation in banking, Deloitte, Oct 2018. [2] 2] Source: 2018 U.S.

Branding 143

Branding FDIC Retail Leadership 143

Jeff For Banks

NOVEMBER 23, 2013

Twenty years ago there were 14,000 FDIC-insured financial institutions. accountability bank leadership bank profitability credit union leadership credit union profitability Jeff Marsico Kafafian Group management accounting management information' Today that number is cut in half. The reasons are many.

Leadership 94

Leadership Taxes Louisiana Management 94

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

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

Jeff For Banks

DECEMBER 10, 2024

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. It has not been all sunshine and rainbows for TBBK. NasdaqGS: FCNC.A) In 1935, R.P.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

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

The Financial Brand

SEPTEMBER 20, 2021

The post FDIC Recruits Microsoft & Truist to Build a Fund for Minority-Owned Banks appeared first on The Financial Brand - Banking Trends, Analysis & Insights. An unusual alliance, inspired by 'Shark Tank,' aims to address capital needs to help maintain banking access in communities of color.

FDIC 37

FDIC Banking Trends Analysis Community 37

American Banker

DECEMBER 7, 2023

Chairman Martin Gruenberg's leadership ability. Led by Senate Banking Committee ranking member Tim Scott, R-S.C., GOP members of the Senate Banking Committee say they have concerns about Federal Deposit Insurance Corp.

FDIC 41

FDIC Leadership Policies Compliance 41

PYMNTS

FEBRUARY 19, 2019

It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports. .” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

Marketing 108

Marketing Community Community Bank Industry 108

CFPB Monitor

JANUARY 25, 2021

The other agencies that adopted a substantially similar rule on January 19 are the FDIC, the Federal Reserve Board, and the NCUA.). However, the CFPB and OCC under new leadership could move to reconsider and potentially rescind such rules through the regular rulemaking process. The OCC and CFPB rules are substantially similar.

Policies 78

Policies FDIC Leadership Meeting 78

Abrigo

FEBRUARY 8, 2024

These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent. There are various methods to educate clients and build on that trusted advisor relationship. Website pop-ups and fraud-warning messaging embedded in transactions.

Fraud 195

Fraud Resources social media Software 195

CFPB Monitor

SEPTEMBER 30, 2022

Populus contrasts the narrower missions and authority of the Federal Reserve, FDIC, and OCC, which are also self-funded. With regard to the Federal Reserve and FDIC, Populus distinguishes their multimember, bi-partisan leadership structure.

Groups 78

Groups FDIC Texas Leadership 78

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 has not been all sunshine and rainbows for TBBK. NasdaqGS: FCNC.A) In 1935, R.P.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),

Conference 88

Conference FDIC Arizona Industry 88

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

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. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray.

Regulation 78

Regulation Policies FDIC Report 78

Gonzobanker

MARCH 22, 2023

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? With the current situation, updates from leadership should be coming out at least weekly.

social media 78

social media Capital Risk Management Strategy 78

CFPB Monitor

APRIL 18, 2016

The Dodd-Frank Act required the CFPB and various other federal agencies, including the Fed, OCC, FDIC, NCUA, and SEC, to establish an OMWI, and also required each OMWI to submit an annual report to Congress.

Report 60

Report Policies FDIC Regulation 60

Gonzobanker

SEPTEMBER 26, 2024

According to the FDIC, the banking industry has roughly $2.5 So Gonzo bankers, as the industry kicks into strategic planning for 2025, leadership should consider the following questions: Human Capital What strategies are we undertaking to develop skills that drive value but are hard to replicate? trillion of capital today.

Capital 78

Capital Industry Branding FDIC 78

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). 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. I have a lot to learn! I can’t get enough of innovation and digital strategy. I’d like to hear from you.

Innovation 58

Innovation DC Strategy FDIC 58