Abrigo

SEPTEMBER 13, 2021

Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. Summary of the Latest FDIC Quarterly Profile. Takeaway 1 Nearly two-thirds of banks actually reported higher net interest income, but aggregate net interest income fell. Banking Data.

FDIC 195

FDIC Lending Capital Trends 195

PYMNTS

MARCH 18, 2020

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). The agency’s requirements also ask for particular record-keeping and mandate the reporting of information. .

FDIC 142

FDIC Fintech Industry Regulation 142

Abrigo

FEBRUARY 25, 2025

The most recent FDIC Small Business Lending Survey found that slightly more than half of large banks (those with at least $10 billion in assets) can approve a small and simple loan in one business day or less, compared with only 29% of small banks (those with less than $10 billion). The results?

Lending 195

Lending FDIC Policies Analysis 195

PYMNTS

JANUARY 7, 2021

Customers of Simple Bank are receiving emails telling them the bank is closing and that the intent is to transfer them to BBVA , a report from Talk Android says. Being FDIC insured won't have any impact on deposits and Simple's app, cards and website will continue to work, the Talk Android report says. So BBVA pulled the plug.

FDIC 336

FDIC Google User Experience Lending 336

Payments Dive

JULY 20, 2023

The card company also disclosed during its latest earnings report that a pricing issue affected merchants and merchant acquirers, some of whom will get refunds.

FDIC 195

FDIC Cards Report Company 195

Perficient

SEPTEMBER 11, 2023

This month, the Federal Deposit Insurance Corporation (FDIC) launches it new Banker Engagement Site (BES) through FDIC connect. Chronology of Compliance Engagement In the pre-personal computer age , FDIC examiners would simply show up at a bank, often by surprise, and start requesting documents from bank executives.

Compliance 221

Compliance FDIC Tools Leadership 221

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. In prepared remarks for the release of the FDIC’s third-quarter version of the Quarterly Banking Profile , Gruenberg said growing interest-rate risk and credit risk warrant “timely attention” by banks and will “continue to be a focus of supervisory attention.” percent in the third quarter from 34.2

FDIC 150

FDIC Lending Community Bank Industry 150

Bank Innovation

FEBRUARY 12, 2020

As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% since June 30, 2018, S&P Global Market Intelligence reported.? In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway.

FDIC 243

FDIC US Retail Digital Banking 243

PYMNTS

MARCH 30, 2020

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan.

Report 166

Report US FDIC National 166

Abrigo

OCTOBER 30, 2024

A structured quality control process that includes the regular review of high-risk cases and the timeliness of the institution’s AML reporting can catch inefficiencies early. Many financial institutions still rely heavily on manual data entry for everything from completing suspicious activity reports (SARs) to reporting.

Compliance 221

Compliance Training System Management 221

PYMNTS

JANUARY 7, 2021

FDIC) and the Treasury Department are looking to see if American Express Co. AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street Journal reported Thursday (Jan. A representative for the OCC would not comment on the matter, WSJ reported.

Cards 242

Cards FDIC Policies Risk Management 242

Perficient

AUGUST 16, 2023

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Mr. Herndon named the Federal Deposit Insurance Corporation (“FDIC”) as receiver, allowing the FDIC to take control of the Heartland Tri-State’s operations.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

SEPTEMBER 8, 2016

With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7

FDIC 100

FDIC Survey Regulation Data 100

PYMNTS

FEBRUARY 18, 2020

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Radius is based in Boston and has in the neighborhood of $1.4 billion in assets.

Fintech 242

Fintech FDIC Boston Lending 242

Gonzobanker

OCTOBER 31, 2024

The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. Reporting ​. Vendor management is risky business. Smart leaders use performance scorecards to keep the board informed.

Risk Management 154

Risk Management Management FDIC Software 154

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

Perficient

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 billion of the total cost incurred from the failures of Silicon Valley Bank (SVB) and Signature Bank was designated for safeguarding uninsured depositors. Commencing with the first quarterly assessment period of 2024 (i.e.,

FDIC 221

FDIC Risk Management Regulation Leadership 221

Abrigo

JANUARY 24, 2024

Account for the details before your FDIC bank acquisition Consider these tips for assessing your institution and a to-be-acquired institution for a smooth integration You might also like this webinar, "Valuation and purchase accounting: Navigating the changing M&A landscape."

FDIC 195

FDIC Regulation Strategy Data 195

PYMNTS

JANUARY 25, 2019

Reuters reported that the U.S. Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good. gross domestic product (GDP) growth for this year.

FDIC 108

FDIC US Lending Report 108

Abrigo

SEPTEMBER 15, 2022

Takeaway 3 Researchers studied the timing and frequency of on-site inspections by bank staff or third-party inspectors, the contents of the reports, and how the banks used the information in the reports. The research report is timely, considering supply-chain issues that have increased the risk of defaults on some construction loans.

Study 195

Study FDIC Lending Risk Management 195

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. Key Takeaways For the first time in more than a decade, bankers may be dealing with large numbers of TDRs due to the coronavirus crisis. Learn more.

How To 195

How To FDIC Policies Course 195

PYMNTS

SEPTEMBER 21, 2020

To that end, and as reported by BuzzFeed , documents submitted by banks to the U.S. The documents, officially known as suspicious activity reports (SARs for short) show that the banks had filed more than 2,000 reports across the past 17 years. In one example, reported on Monday (Sept. billion in fines.

Fraud 347

Fraud Report System FDIC 347

CFPB Monitor

JANUARY 25, 2021

Unless Rakuten’s most recent application is granted before that date, Rakuten’s FDIC insurance application, if approved by the FDIC, would subject Rakuten to the terms of the Rule. Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020.

FDIC 78

FDIC Utah America Financial Technology 78

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year.

social media 221

social media FDIC Analysis System 221

Banking Exchange

NOVEMBER 22, 2021

OCC, Board, FDIC will require banks to report incidents within 36 hours Compliance Compliance Management Compliance/Regulatory Cyberfraud/ID Theft Security Mobile Online Core Systems Risk Management Technology Feature Feature3.

System 159

System FDIC Risk Management Compliance 159

American Banker

MARCH 7, 2024

Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says. Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages.

FDIC 73

FDIC Report Lending National 73

ABA Community Banking

MARCH 30, 2022

Two reports released today by the FDIC provide data on consumer lending, deposit rates and branch closures in the wake of the COVID-19 pandemic. The post New FDIC Reports Chart Continued Effect of Pandemic on Banks appeared first on ABA Banking Journal.

FDIC 60

FDIC Report Lending Data 60

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). Assets and deposits were assumed by Industrial Bank, a press release from the FDIC indicated. “On Approximately $500,000 in deposits exceeded FDIC insurance limits.

Kentucky 140

Kentucky FDIC Ohio US 140

PYMNTS

FEBRUARY 1, 2021

million fine for violating anti-money laundering (AML) regulations, The Wall Street Journal reported on Monday (Feb. Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ.

Apple 150

Apple FDIC New York Compliance 150

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. The government is expected to end its contract with the Financial Reporting Enforcement Panel (FREP), the country’s accounting watchdog, as early as Monday. FDIC Looks To Modernize Bank Reporting. Plus, the Federal Deposit Insurance Corp.

FDIC 142

FDIC Cards Payments Regulation 142

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. Survey respondents reported an average ag loan approval rate of 75.1%

Lending 195

Lending How To FDIC Survey 195

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

PYMNTS

JULY 26, 2019

A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. FDIC) and the state of Utah for an industrial loan company (ILC) charter. Rakuten is one of a number of FinTechs looking to enter in the banking sector with an ILC charter.

Fintech 192

Fintech Utah US FDIC 192

Abrigo

MARCH 18, 2025

trillion in 2021, another Fed report Checks Though declining, checks still account for some business and consumer transactions. The FedNow Service reports that over 1,000 financial institutions are participating on the network, with adoption expected to increase significantly over the next few years. Payment card networks in the U.S.

System 195

System Payments Fraud Regulation 195

PYMNTS

DECEMBER 10, 2018

The statement gave a nod to “private sector innovation” that can use tech to detect and report financial crimes such as money laundering and terrorist financing. The threshold for suspicious activity reports may get a boost to $10,000 from $5,000. This would be the first boost in 25 years. This would be the first boost in 25 years.

Regulation 172

Regulation Fintech FDIC Innovation 172

Perficient

MARCH 10, 2021

Governed by an interagency agreement among the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), the program review credits with minimum aggregate loan commitments totaling $100 million or more that were shared by three or more regulated financial institutions.

National 309

National Regulation FDIC Retail 309