BankInovation

OCTOBER 1, 2020

The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.

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FDIC Fintech Innovation Conference 98

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. On January 28, the Federal Deposit Insurance Corp.

Lending 195

Lending How To FDIC Survey 195

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. Plus, the Federal Deposit Insurance Corp. Consumers Sour On Travel Rewards Cards.

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FDIC Cards Payments Regulation 142

Perficient

AUGUST 15, 2024

A major step in this direction is the European Union Markets in Financial Instruments Directive II (EU MiFID II) Regulation requiring financial firms to incorporate sustainability preferences into their advisory and portfolio management processes since 2022.

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Risk Management Resources Regulation Community 221

South State Correspondent

APRIL 30, 2024

Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those that do not offer QFC protection – think Lehman Brothers.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those that do not offer QFC protection – think Lehman Brothers.

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”. In one example, reported on Monday (Sept.

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Fraud Report System FDIC 347

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Today we did just that. Truth is, I haven''t.

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Regulation DC FDIC Analytics 92

South State Correspondent

AUGUST 21, 2022

We compared and contrasted the two strategies and sized the market for community banks. We also shared a table that summarized the two strategies. Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC).

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How To Community Bank Community FDIC 195

Abrigo

DECEMBER 13, 2019

This pricing strategy can help institutions gain insight on the relative value of the relationship by “calculating the value of bringing in deposit accounts with loans, or the potential to discount loans when multiple loan types are originated with a single borrower,” explains Darryl Mataya , Senior Advisor at Abrigo. CECL Regulation.

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How To Lending Strategy Regulation 195

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Read this blog for ten key reports on capital, growth, and liquidity that can help financial institutions identify increased risk and shape strategy in tricky conditions.

Risk Management 221

Risk Management Regulation Management Lending 221

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.

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Compliance FDIC Strategy Fintech 109

PYMNTS

MARCH 26, 2020

FDIC), National Credit Union Administration and Office of the Comptroller of the Currency said small-dollar loans can play a key role in meeting credit needs because of temporary cash flow problems, unexpected expenses or loss of income during this period of economic stress.

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FDIC Meeting Regulation Lending 130

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. The productive view about the similarity of EAs is why haven’t we been doing some of the things required by regulators in the first place? Banking is a highly regulated industry, and has been since the Great Depression.

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Regulation FDIC National Capital 70

Abrigo

NOVEMBER 3, 2014

Those regulated by the OCC and above $50 billion in assets are expected to use the results to detect opportunities to improve and implement specific changes that can be tracked, measured and evaluated. Access to management and regulators – Is there a need for increased interactions? Or, do they need more context and less data?

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Meeting Policies Training Exercises 170

Jeff For Banks

MARCH 29, 2014

Two sections of the 10k I scroll to is the "Business" section and the "Business Strategy" section. This, one would think, would give me a feel of the bank''s differentiation strategy, it''s perceived competitive advantage, if you will. Expand Market Share Through Internal Growth and a Disciplined Acquisition Strategy.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Meanwhile, regulators are focusing fresh attention on prudent credit risk management of loans, especially CRE, and loan modifications in general. CRE loan accommodations.

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Management Risk Management Policies Lending 195

CFPB Monitor

JUNE 27, 2019

ET, the FDIC and CFPB will co-host a webinar to outline strategies to address and prevent elder financial abuse. Titled “Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends,” the report examined non-public data derived from SARs filed with federal regulators from 2013 to 2017. to 3:00 p.m.

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FDIC Trends Strategy Regulation 60

PYMNTS

AUGUST 7, 2019

regulations have not only mandated traditional FIs to open customer data to third-party FinTechs on the authorization of joint customers, the regulatory landscape has also encouraged greater competition in the small business banking space, giving rise to a flock of challenger banks. market is not like others across the globe.

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Fintech Strategy Resources Payments 181

Long Lasting Ideas

JUNE 28, 2018

Subprime mortgages, greedy big banks and brokered deposits were at the root of the 2007 financial crisis, or so goes the case of federal regulators who helped saddle institutions big and small with Dodd- Frank. But a recent study by a former bank regulator and respected scholar, James R.

FDIC 49

FDIC Study Marketing Strategies Regulation 49

Abrigo

JUNE 23, 2017

The desire to avoid examiner scrutiny may tempt some financial institutions to set the bar high when it comes to credit and liquidity risk management policy limits, but regulators are discouraging this approach.

Policies 150

Policies Risk Management Survey Management 150

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

CFPB Monitor

MARCH 24, 2020

The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would 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).

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FDIC Taxes Industry Company 60

BankInovation

OCTOBER 1, 2020

The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.

FDIC 52

FDIC Fintech Innovation Conference 52

Gonzobanker

AUGUST 22, 2014

While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. This is a call to arms for mid-size banks to develop their M&A strategies. Best Practices Strategy' Define Your Value Proposition. Think e-Harmony or Match.com.

Strategy 87

Strategy United States Community New York City 87

PYMNTS

DECEMBER 18, 2018

The release comes amid increasing attention on issues involving ID , authentication and “ know your customer ” tactics and strategies — and as observers anticipate even more focus in 2019 on issues related to online security and privacy and AML efforts. One reason? Compliance, too, could become a juicer in the near future.

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Compliance Fraud Security Course 152

American Banker

APRIL 18, 2025

The FDIC has streamlined requirements for large banks' emergency resolution plans, eliminating some costly strategies and offering more flexibility in light of 2023's bank failures.

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FDIC Strategy Policies Compliance 36

Independent Banker

OCTOBER 1, 2022

Regulators paying closer attention to cyber risks. Federal regulatory groups are drawing more attention to how cyber insurance is a critical part of broader risk management strategies. “We want to help you before you have an incident, and we are here to help you when you do have an incident to hold your hand through the process.”.

Montana 152

Montana Policies Resources FDIC 152

CFPB Monitor

MARCH 26, 2020

The CFPB, OCC, FDIC, Federal Reserve, and NCUA have issued a joint statement “to specifically encourage” banks, savings associations, and credit unions “to offer responsible small-dollar loans to both consumers and small businesses” in response to the COVID-19 outbreak.

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FDIC Lending National Examples 78

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S.

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Lending Fraud Community FDIC 195

Abrigo

JULY 10, 2023

The FDIC offers resources tailored toward older individuals, and you can order free brochures from the Consumer Financial Protection Bureau to hand out to your clients. As technological advancements progress, the need for heightened vigilance and security measures within your financial institution becomes increasingly paramount.

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Fraud How To social media Security 150

American Banker

DECEMBER 4, 2024

The FDIC, OCC, NCUA and Fed each signed onto a letter that detailed strategies for mitigating financial crimes against older Americans.

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FDIC How To Regulation Fraud 41

American Banker

SEPTEMBER 18, 2023

suggests that while the FDIC's strategic plan for economic inclusion is satisfactory, it could be improved by formalizing procedures, self-evaluations and gathering more input from banks. A recent report by the Office of the Inspector General for the Federal Deposit Insurance Corp.

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FDIC Strategy Report Policies 36

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.”.

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FDIC Policies Lending Guidelines 78

CFPB Monitor

JUNE 22, 2022

After announcing in 2021 their intent to work collaboratively to update the CRA regulations to achieve a more consistent framework, revisions to the CRA’s implementing regulations were recently proposed by the three U.S. banking regulators (the “2022 Joint Notice” or the “Proposal”). 2022 Joint Notice.

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Regulation Community Lending Retail 78

American Banker

AUGUST 5, 2024

The guidance largely matches last summer's proposal, with clarifications around least-cost determinations, foreign bank resolutions and resolution strategies. Regulators also gave banks more time to file their living wills under the new framework.

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FDIC System Regulation Strategy 45