South State Correspondent

NOVEMBER 14, 2024

Background We combine our experience with data from the Federal Reserve and a recent study by Lu, Song, and Zeng at the University of Washington and the University of Pennsylvania that analyzed 50 billion transactions across multiple banks and credit unions.

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American Banker

NOVEMBER 29, 2023

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

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Examples FDIC Washington Compliance 88

Perficient

SEPTEMBER 6, 2023

Mail: Chief Counsel’s Office, Attention: Comment Processing, Office of the Comptroller of the Currency, 400 7th Street, SW, suite 3E-218, Washington, DC 20219. Hand Delivery/Courier: 400 7th Street, SW, suite 3E-218, Washington, DC 20219 The full proposed 200+ page regulation is available here: Long-Term Debt (FR) (fdic.gov).

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Regulation DC Capital Washington 221

ABA Community Banking

OCTOBER 2, 2019

The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington. The post McWilliams Outlines FDIC Steps to Strengthen Minority Banks appeared first on ABA Banking Journal.

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American Banker

AUGUST 22, 2023

The plan calls for the formation of Orca Bank in Bellingham, Washington. It would become a subsidiary of Savi, whose CEO would assume the same role at the bank.

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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.

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Washington Community Bank Community Marketing Strategies 40

American Banker

AUGUST 26, 2021

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Washington FDIC cryptocurrency 81

South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). That fact makes the bank’s deposits less sticky and subject to outflow at any sign of insolvency.

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PYMNTS

OCTOBER 24, 2019

But Federal Deposit Insurance Corporation (FDIC) coverage — which protects deposits — proved a sticking point this week. 21) that the OCC cannot in fact issue a charter for non-bank enterprises (a segment that included FinTechs) that are not able to get FDIC backing. Can’t get the charter without FDIC coverage.

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Fintech FDIC New York National 101

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.

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social media FDIC Branding Management 195

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." An article in American Banker noted that preparing call reports have become increasingly time-consuming and complex. The article allowed banking executives to weigh in on the subject.

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PYMNTS

APRIL 2, 2019

Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

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Community Bank Community FDIC Washington 117

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.

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Washington FDIC Security Cards 100

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.

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Las Vegas Lending Community Bank North Carolina 70

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.

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Chicago Washington FDIC Community Bank 94

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.

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Survey Lending FDIC Washington 40

American Banker

JANUARY 10, 2020

Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening.

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FDIC National Washington Capital 41

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. titled: “ How to make fintech work for all Americans.”

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Fintech FDIC Policies Washington 60

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.

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Community Bank Community Washington FDIC 70

CFPB Monitor

APRIL 15, 2016

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. “exploring the growing world of marketplace lending and its implications for consumers.”

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Lending FDIC Washington Financial Technology 60

American Banker

MAY 20, 2020

Four federal agencies offered guidance Wednesday on how to offer products that compete against payday loans without incurring Washington's wrath. The announcement could spark the rebirth of deposit advances, which were regulated out of existence during the Obama administration.

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Regulation Washington How To FDIC 83

PYMNTS

OCTOBER 11, 2017

Even more surprising is that the editorial boards and writers at The Washington Post and The Boston Globe agree with them, given their historical pro-CFPB stance. There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions.

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Lending Regulation Guidelines FDIC 109

PYMNTS

FEBRUARY 19, 2019

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. MOXY also has its sights set on the small business community, the report said.

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Jeff For Banks

AUGUST 2, 2014

August 2, 2014 Mr. John Whatshisname Examiner In Charge Bank Regulatory Body 1 Bureaucrat Way, NW Washington, DC 20429 Mr. Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). And Schmidlap is not gonna take it.

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Regulation DC FDIC Analytics 92

American Banker

JULY 2, 2024

Euene Scalia, former Secretary of Labor and the banking lobby's lawyer on retainer for a potential challenge to Washington's capital reform effort, discusses the state of administrative law after the overturning of a key legal precedent.

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Washington Regulation Capital FDIC 69

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.

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Security FDIC Washington Company 37

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.

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FDIC Washington Community Bank Community 34

American Banker

DECEMBER 16, 2020

million to address allegations that lax oversight contributed to the 2017 collapse of Washington Federal Bank for Savings. Bansley & Kiener, without admitting wrongdoing, agreed to pay $2.5

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Chicago FDIC Washington 37

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.

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Jeff For Banks

JUNE 20, 2017

According to the FDIC , disparate impact occurs when a policy or practice applied equally to all applicants has a disproportionate adverse impact on applicants in a protected group. They have to find out later, after a bureaucrat in Washington does a white paper. But bankers won't know that when they establish the criteria.

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Data FDIC Regulation Washington 60

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.

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FDIC Washington Data Regulation 28

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.

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FDIC Report Washington Cards 28

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.

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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.

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Lending Data Community FDIC 74

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.

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FDIC Washington Operations Regulation 28

FICO

JANUARY 13, 2020

Some are saying this spring but in Washington, D.C., 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. email and texts). The big question is: when we will see the final product?

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Policies Las Vegas FDIC Washington 52

TrustBank

JUNE 10, 2020

Currently, these investors are very risk averse which leads them to invest in safe US Treasury securities, money market funds, savings/checking accounts or CDs at FDIC insured banks. The views or opinions in this article are those of the author and do not necessarily represent the views of Washington Trust Bank or senior management.

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