BBVA Compass forms partnership to expand its correspondent banking BBVA Compass said on Wednesday that it was partnering with the broker-dealer Brean Capital to offer a variety of capital and investment banking services for community banks and correspondent banks.
OCC Hosts Compliance and Operational Risk Workshops in Houston The Office of the Comptroller of the Currency (OCC) will host two workshops in Houston at the Houston Marriott South at Hobby Airport, September 25 and 26, for directors of national community banks and federal savings associations supervised by the OCC.
Smaller banks draw more attention from market sophisticates Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.
Community banks embrace health care lending despite risks It's a fickle industry, given the uncertainty over the Affordable Care Act and government reimbursements, but opportunities in lending to medical practices and device manufacturers make it hard to resist, bankers say.
Ronald Glancz remembered for banking acumen, mentoring next-gen lawyers The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer.
Why community banks should negotiate shorter fintech contracts Legacy tech vendors have traditionally offered decadelong contracts. But given constant change in the industry, small banks today should push for three-year deals, a bank CEO says.
Senate panel reschedules vote on CFPB nominee The Banking Committee had delayed a vote on Kathy Kraningers confirmation after the Senate announced a short summer recess.
Atlantic Bay Mortgage, Virginia Community Bank call off proposed merger The companies had been unable to secure regulatory approval for the deal, which was announced a year ago.
Proposed N.Y. de novo has lofty capital goal and ambitious growth plan Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities.
OCC Allows Federally Chartered Financial Institutions Affected by Wildfires in California to Close The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by wildfires and high winds in California to close.
CFPB path to unwinding payday rule riddled with legal land mines The bureau is expected to choose an option that could trigger court challenges after a judge yet again refused to halt the rules compliance date.
CFPB amends rule that gives banks exemptions from privacy notices The CFPB made changes to a rule that allows financial firms to be exempt from sending annual privacy notices to customers if they meet certain conditions.
CFPB imposes judgment against K.C. payday lending group The agency's settlement with Robert Moseley, Sr., and Robert Moseley, Jr., was enforced by the U.S. District Court for the Western District of Missouri.
One banker's quest to fill the talent gap in commercial lending Good old-fashioned commercial credit analysts are a dying breed, David Nicholson says. Community banks need them to stay competitive in C&I, but training courses have been cut back. So hes on a mission to teach as many students as he can.
OCC to Host Innovation Office Hours in New York The Office of the Comptroller of the Currency today announced it will hold Innovation Office Hours, September 25-27, 2018, in New York to promote responsible innovation in the federal banking system.
BankMobile spinoff hits snag, faces possible delay Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.
FDIC Issues List of Banks Examined for CRA Compliance For Immediate Release August 3, 2018 Press Release Media contact:Greg Hernandez(202) 898-6984ghernandez@fdic.gov FDIC Issues List of Banks Examined for CRA Compliance The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned t...
CFPB to collaborate on fintech issues with foreign regulators The bureau announced the creation of the Global Financial Innovation Network for regulators to discuss joint policy work and offer a cross-border product testing process.
FDIC Publishes 25th Anniversary Special Edition of Consumer Newsletter For Immediate Release August 3, 2018 Press Release Media contact:Jay Rosenstein(202) 898-7303jrosenstein@fdic.gov FDIC Publishes 25th Anniversary Special Edition of Consumer Newsletter FDIC Consumer News, the newsletter published quarterly by the Federal Deposit Insurance Corporation since the fall of 1993, is celebrating its 25th anniversary with a special expanded edition featuring updated vers...
OCC Releases CRA Evaluations for 40 National Banks and Federal Savings Associations The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of July 1, 2018 through July 31, 2018. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.