Long Lasting Ideas

JUNE 8, 2016

Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Sarbanes-Oxley, Dodd-Frank, the FDIC and other financial regulators – as well as Congress and the White House — have not been friendly to community banks, all while bailing out Wall Street big boys.

Washington 40

Washington Community Bank Community Marketing Strategies 40

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. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. . Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

OCTOBER 24, 2019

First, a bit of background: The goal has been — and if things are indeed put to rest with a recent court decision — to standardize a patch quilt of regulations that must be satisfied by FinTechs on a state-by-state basis. But Federal Deposit Insurance Corporation (FDIC) coverage — which protects deposits — proved a sticking point this week.

Fintech 101

Fintech FDIC New York National 101

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.

Regulation 89

Regulation DC FDIC Analytics 89

American Banker

SEPTEMBER 23, 2024

While other Washington regulators revise their approaches to merger reviews, the Federal Reserve has made no official change to its framework. The $35 billion merger could demonstrate just how differently the central bank is approaching the issue — if at all.

Policies 48

Policies Washington Capital Regulation 48

South State Correspondent

MARCH 15, 2023

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank.

social media 195

social media FDIC Branding Management 195

CFPB Monitor

OCTOBER 10, 2016

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. ” Speakers include industry representatives and an FDIC representative. ” Among the questions to be addressed are whether “regulation and policy inhibit innovation and skew benefits toward the well-to-do.”

Fintech 60

Fintech FDIC Policies Washington 60

PYMNTS

NOVEMBER 12, 2020

This is something that could make a bad situation worse,” Adam Slater, lead economist for Oxford Economics in London, told The Washington Post. Bank regulators and overseers have been tracking the problem since the outbreak’s onset. That’s been a huge blow to commercial properties of almost all descriptions.

New York City 227

New York City New York Missouri Philadelphia 227

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. in Kent, Ohio.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

AUGUST 30, 2018

In the Penn Quarter neighborhood of Washington D.C., In so doing, it launched itself into a debate that is unfolding in both its home city of Washington D.C. About 30 percent of the population of Washington D.C. 20 percent of black households are unbanked, and 36 percent are underbanked , according to 2015 data from the FDIC.

Washington 100

Washington FDIC Security Cards 100

The Financial Brand

JULY 2, 2023

This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand. Get to know banking regulators' new guidance on the subject. Does your bank have or is it contemplating a relationship with a fintech?

Fintech 35

Fintech Washington Branding Regulation 35

American Banker

JUNE 29, 2016

WASHINGTON -- The Federal Deposit Insurance Corp. is launching a survey this month to collect data on the small business lending practices of insured banks.

Survey 40

Survey Lending FDIC Washington 40

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders.

Lending 60

Lending FDIC Washington Financial Technology 60

Jeff For Banks

JUNE 20, 2017

I would argue that using alternative data to make consumer loan decisions scares bankers because it has not played out with the "fairness" laws and regulations out there, and the disparate impact doctrine used by regulators to determine if a practice is discriminatory. I got news for our lawmakers and regulators.

Data 60

Data FDIC Regulation Washington 60

American Banker

APRIL 29, 2016

WASHINGTON – Financial regulators are proposing changes to their standards for evaluating institutions’ compliance with consumer protection rules to account for the evolution in supervisory approaches since the standards were adopted in 1980.

Compliance 28

Compliance Regulation Washington FDIC 28

FICO

JANUARY 13, 2020

Some are saying this spring but in Washington, D.C., While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). email and texts).

Policies 52

Policies Las Vegas FDIC Washington 52

American Banker

MAY 20, 2016

WASHINGTON – The Federal Deposit Insurance Corp. has extended the comment period on a plan that would require large banks to keep better track of their insured deposits, while making clear it will not extend it to community banks.

FDIC 34

FDIC Washington Community Bank Community 34

American Banker

APRIL 11, 2016

employee took off with data on some 44,0000 customers of closed banks when she left the agency in late February, according to an agency memo uncovered by The Washington Post. A former Federal Deposit Insurance Corp.

FDIC 28

FDIC Washington Data Regulation 28

PYMNTS

FEBRUARY 19, 2019

Reports said Powell noted that looser community bank regulations may help keep branches open. Earlier this month, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C., making it one of the nation’s first new community banks in years.

Marketing 108

Marketing Community Community Bank Industry 108

American Banker

MAY 19, 2016

WASHINGTON -- The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

Security 37

Security FDIC Washington Company 37

Abrigo

SEPTEMBER 22, 2015

Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job." The hope for many in the industry is that this call report plan is the first step toward changing regulations to make some more community bank-friendly.

Community Bank 150

Community Bank Community FDIC Survey 150

American Banker

NOVEMBER 29, 2016

Yet there was one statistic that is likely to fuel more calls for help from Washington. s third-quarter earnings report was stacked with good news: record earnings and lending, fewer troubled loans and higher interest and noninterest income.

FDIC 28

FDIC Report Washington Cards 28

Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Here’s an outline of the key activities ICBA’s advocacy team in Washington, D.C., Washington Policy Summit. FDIC Assessment Rules. By Courtney Schoenborn. De novo formations.

Community Bank 70

Community Bank Community Washington FDIC 70

American Banker

DECEMBER 13, 2016

WASHINGTON – Due to its declining receivership responsibilities, the Federal Deposit Insurance Corp. said Tuesday that it will again reduce its operating budget for fiscal year 2017.

FDIC 28

FDIC Washington Operations Regulation 28

American Banker

AUGUST 29, 2020

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

Chicago 94

Chicago Washington FDIC Community Bank 94

American Banker

MAY 2, 2016

WASHINGTON -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

FDIC 28

FDIC Washington Cyber Security Data 28

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., The Act requires federal banking agencies (the OCC, FDIC and Federal Reserve – “Agencies”) to conduct periodic reviews of each depository institution’s efforts in this area.

Lending 74

Lending Data Community FDIC 74

Jeff For Banks

APRIL 19, 2015

I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs. Washington has a more traditional mix of very large and community financial institutions. Washington has a more traditional mix of very large and community financial institutions. Each state has its unique flavors of banking.

Industry 60

Industry Montana Utah Washington 60

Jeff For Banks

FEBRUARY 17, 2021

Yesterday at the ABA's virtual Conference for Community Bankers (CCB), Federal Reserve Governor Michelle Bowman gave a speech, My Perspective on Bank Regulation and Supervision. If these are triggered, off to Washington the merger application goes. On how the Fed defines geographic markets: No hard and fast rule.

St. Louis 78

St. Louis Analysis Community Bank Marketing 78

American Banker

DECEMBER 12, 2016

WASHINGTON – Federal regulators on Monday finalized a rule that lowers the barriers for banks to qualify for extended examination cycles.

Washington 28

Washington Regulation FDIC 28

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

American Banker

NOVEMBER 7, 2016

WASHINGTON – The Federal Reserve's periodic survey of bank loan officers indicates that a decline in banks' share of commercial and industrial lending activity is likely related to nonbanks' ability to outcompete on both price and loan terms.

Lending 47

Lending Washington Survey Industry 47

Jeff For Banks

DECEMBER 16, 2022

and Puerto Rico banking laws and regulations. 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. five-year total return and #2 on the JFB Top 5! Well done! #3 Virgin Islands.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

American Banker

OCTOBER 4, 2016

WASHINGTON – Parts of the revised resolution plans of the eight largest U.S. banks were released Tuesday, according to the Federal Reserve and Federal Deposit Insurance Corp.

Washington 41

Washington FDIC Regulation 41

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I just accepted a position on the Consumer Advisory Board of the CFPB. I have a lot to learn! I’d like to hear from you.

Innovation 58

Innovation DC FDIC Strategy 58

Banking 2020

MARCH 17, 2015

When I sign in from my New York office, it greets me with a cheery “Good Afternoon,” with a backdrop photo of nearby Washington Square Park. You might protest, “we have to sound like that because the FHA/FDIC/FCRA requires it,” but I don’t buy it. I love my mobile banking app. Sure, I can check my balance and transfer money.

San Francisco 40

San Francisco Customer Experience FDIC Mobile 40

Independent Banker

MARCH 15, 2015

Regulation Review Committee, vice chairman. FDIC Advisory Committee on Community Banking, member. Both the regulators and Congress respect us for what we stand for,” he observes. “So Housing Policy Task Force, member. ICBA Services Network Board of Directors, member. Large Community Bank Council, member. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 70