PYMNTS

MAY 10, 2016

The Washington Post reported that the FDIC is disclosing to Congress the presence of at least five major data breaches that occurred sometime between now and Oct. Though details are still scarce, the FDIC noted that each case was not of the run-of-the-mill hacking variety.

FDIC 100

FDIC Washington Data Policies 100

Abrigo

MARCH 31, 2017

FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication.

FDIC 186

FDIC Risk Management Analysis Lending 186

Abrigo

MARCH 20, 2020

The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. FDIC Issues Reminder of TDRs. 2011 Interagency Policy Statement on the Allowance for Loan and Lease Losses. FDIC, OCC, FED. 2011 Interagency Policy Statement on TDRs (FIL-50-2013).

How To 195

How To FDIC Policies Course 195

ABA Community Banking

APRIL 27, 2022

The FDIC has appointed seven new members to its Advisory Committee on Community Banking. The post FDIC names new community banking committee members appeared first on ABA Banking Journal. Twelve of 19 on the panel are with ABA member banks.

Community Bank 105

Community Bank FDIC Community Policies 105

CFPB Monitor

MAY 19, 2021

The Federal Deposit Insurance Corporation (FDIC) recently issued a notice of proposed rulemaking (NPR) and request for information (RFI) addressing “False Advertising, Misrepresentation of Insured Status and Misuse of the FDIC’s Name or Logo”.

FDIC 88

FDIC Regulation Fintech Examples 88

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

Management 150

Management FDIC Risk Management Community Bank 150

CFPB Monitor

OCTOBER 9, 2018

The FDIC has issued a request for information that seeks comment on how the FDIC can make its communications with insured depository institutions (IDIs) “more effective, streamlined, and clear.” The RFI contains specific questions on which the FDIC seeks input that address three topics: efficiency, ease of access, and content.

FDIC 74

FDIC Community Bank Policies Community 74

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

American Banker

MARCH 21, 2024

The FDIC proposed a new policy to intensify scrutiny on U.S. bank mergers Thursday that emphasizes the resulting institutions' financial stability and ability to serve its community's needs.

FDIC 73

FDIC Policies Community Compliance 73

American Banker

DECEMBER 9, 2021

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Policies 88

Policies FDIC 88

CFPB Monitor

AUGUST 4, 2022

The FDIC has issued an “Advisory to FDIC-insured institutions Regarding Deposit Insurance and Dealings with Crypto Companies ” to address the agency’s concerns regarding misrepresentations about FDIC deposit insurance by certain crypto companies. The FDIC identifies two issues that can create customer confusion.

FDIC 78

FDIC Risk Management Policies Regulation 78

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 Policies 90

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

CFPB Monitor

MAY 11, 2021

The FDIC’s settlement with Umpqua Bank announced yesterday involved collection practices connected with commercial equipment financing offered by the bank’s wholly-owned subsidiary. First, it is an example of the FDIC taking a UDAP enforcement action based on collection practices, which has not been a common theme of FDIC actions in the past.

FDIC 78

FDIC Lending Trends Regulation 78

Abrigo

SEPTEMBER 15, 2022

More construction loan monitoring ultimately decreases loan default, according to a new FDIC Center for Financial Research working paper. The paper, “ Bank Monitoring with On-Site Inspections," will be presented later this month at the Community Banking in the 21st Century Research and Policy Conference. Study features.

Study 195

Study FDIC Lending Risk Management 195

CFPB Monitor

AUGUST 23, 2022

The FDIC has issued new supervisory guidance (FIL-40-2022) on multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. In the guidance, the FDIC addresses potential risks arising from multiple re-presentment NSF fees, risk mitigation practices, and the FDIC’s supervisory approach. .

FDIC 78

FDIC Compliance System Regulation 78

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

CFPB Monitor

JANUARY 24, 2023

In a letter sent earlier this month, the Bank Policy Institute, the American Bankers Association and the Independent Community Bankers of America (the “trade groups”) have asked the FDIC for more time to comment on the agency’s proposal , published in the Federal Register on December 21, 2022, to update its existing regulations governing use and misuse (..)

FDIC 78

FDIC Groups America Policies 78

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

BankInovation

JULY 1, 2021

The Federal Reserve and the Office of the Comptroller of the Currency (OCC) together with the Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau and the National Credit Union […].

Regulation 98

Regulation Policies FDIC National 98

CFPB Monitor

NOVEMBER 21, 2019

The OCC and FDIC issued proposed rules this week intended to eliminate the uncertainty created by the Second Circuit’s decision in Madden v. Comments on the FDIC’s proposal must be submitted no later than 60 days after the date the proposal is published in the Federal Register. Midland Funding. 85 [or 12 U.S.C

FDIC 78

FDIC National Lending Policies 78

Abrigo

JANUARY 8, 2016

FDIC and Federal Reserve officials told the GAO that they had been hearing similar concerns from the institutions they regulate. The FDIC officials reported they are working with examiners to help ensure they follow policies that “take into consideration the size, complexity, and risk profiles of banks,” according to the GAO study.

Regulation 150

Regulation FDIC Survey Community Bank 150

CFPB Monitor

JUNE 13, 2022

s review of its bank merger policies. 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

CFPB Monitor

MAY 19, 2022

With regard to their legal basis and force, the CFPB states: Consumer Financial Protection Circulars are general statements of policy under the Administrative Procedure Act. It also states that representations made by covered persons or service providers about FDIC insurance will typically be material. . FDIC Final Rule.

FDIC 78

FDIC Exercises System Regulation 78

American Banker

JUNE 21, 2024

found shortcomings in the living wills of Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase, although the FDIC deemed Citi's resolution plan as "deficient." The Federal Reserve and the Federal Deposit Insurance Corp.

FDIC 78

FDIC America Policies Compliance 78

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. The following include recommended procedures or policies to review if they are already in place, or create if new to the institution. percent over the 3rd quarter of 2013.

Training 170

Training Policies Analysis Community Bank 170

Perficient

JUNE 10, 2022

According to the Comptroller, the architecture for a stablecoin system can be viewed through the lens of three key policy issues: Stability. Hsu gave numerous remarks on the architecture of stablecoins. Interoperability. Separability.

blockchain 275

blockchain Regulation Policies FDIC 275

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

American Banker

MARCH 22, 2024

The FDIC's newly unveiled policy statement on bank mergers could add strain to an already bleak outlook for mergers in the banking industry, particularly for larger banks.

FDIC 41

FDIC Policies Industry Compliance 41

South State Correspondent

NOVEMBER 18, 2024

The current policy directions from the new administration are largely inflationary, and community banks should be paying attention and consider a loan-level hedge strategy. FDIC-reporting institutions but only 319 of those institutions (or 7.1% As of Q3/24, there were almost 4.5k of the total) used swaps directly.

Strategy 195

Strategy Community Bank Community FDIC 195

Abrigo

NOVEMBER 3, 2014

According to Eric Fischer , senior fellow at the Boston University Center for Finance, Law & Policy, there is no reason why institutions of all sizes shouldn’t be held to similar standards.

Meeting 170

Meeting Policies Training Exercises 170

Perficient

NOVEMBER 30, 2021

Using what could be described as “agile policy-making,” the agencies conducted a series of interagency “policy sprints” focused on crypto assets. The regulators broadly defined crypto assets as any digital asset implemented using cryptographic techniques.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

CFPB Monitor

MARCH 17, 2021

In accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FDIC is calling on its supervised institutions with 100 or more employees to submit voluntary self-assessments of their diversity policies and practices.

FDIC 78

FDIC CA Policies Compliance 78

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 banks under $10B in assets comprise 97.8%

Community Bank 195

Community Bank Community FDIC Industry 195

Independent Banker

OCTOBER 1, 2022

Cyber insurance products vary depending on the carrier and how an individual policy is structured, but most companies offer first-party coverage and third-party liability coverage. Liability policies respond to lawsuits or any regulatory action and fines that result from a cyber event. Not every policy is going to be the same.

Montana 152

Montana Policies Resources FDIC 152

American Banker

JUNE 6, 2024

A Minnesota trade group and its co-plaintiff, Lake Central Bank, signaled that they plan to appeal a district court's dismissal of their lawsuit against the FDIC. The case involves the agency's guidance on nonsufficient funds fees.

Minnesota 67

Minnesota FDIC Groups Policies 67

ABA Community Banking

DECEMBER 13, 2019

In this bonus episode of the ABA Banking Journal Podcast, senior OCC policy official Grovetta Gardineer digs into the details of the OCC and FDIC's notice of proposed rulemaking on the Community Reinvestment Act. The post Bonus Podcast: Digging into the Details on CRA Modernization appeared first on ABA Banking Journal.

FDIC 98

FDIC Policies Community Community Bank 98