Mar 9, 2023
As regulators shift their focus areas for this year’s audits, CFIs should pay particular attention to the new areas that have caught the eyes of regulatory agencies. Knowing what each particular regulator is focusing can be key to acing regulatory exams.
Jan 5, 2023
The OCC has released a new strategic plan that prioritizes stronger, more modern community banks. Understanding where the regulator is emphasizing change within its own operations, and where it believes the biggest risks to consumers lie, is the best way to prepare for any likely regulatory changes to come.
May 13, 2022
With July’s executive order to review and likely modify M&A regulations, the Federal Reserve, FDIC, and OCC are beginning to review the current process for bank mergers. While this is still in its early stages, we evaluate how this development could affect the M&A strategies of community financial institutions.
Apr 15, 2022
Compliance-related costs account for about 7% of noninterest costs, according to the Federal Reserve Bank of St. Louis. It is critical to stay compliant, but community financial institutions are also looking for ways to reduce costs. Are embedded compliance controls a way to do both?
Mar 3, 2022
Overdraft fees provided almost $33B in income for financial institutions in 2021. This was especially important in a low-interest rate environment. Yet, consumers are pushing back on these fees and neobanks have responded by providing accounts without these fees. Should community financial institutions eliminate these fees to stay competitive?
Dec 22, 2021
Cryptocurrencies continue to impact the financial industry. Some traditional financial institutions are more game than others to test the waters. But, one thing seems clear — cryptocurrencies are here to stay. We provide you with the latest update, including results seen at a community financial institution and the latest in regulatory guidance.
Sep 15, 2021
The number of partnerships between financial institutions and fintechs is increasing with technologies advancing and competition intensifying. Community financial institutions interested in these partnerships may be keen to hear from their peers. So, we give you two successful examples along with the regulatory lay of the land.
Apr 14, 2020
If you missed the Fed's PPPLF webinar on Friday or just want a summary, we have a recap for you.
Apr 2, 2020
Today we continue with the feedback we received from bankers on the most important regulatory concerns due to the coronavirus.
Mar 25, 2020
The FOMC made drastic decisions in response to COVID-19 to support the economy. We capture the key points.
Mar 26, 2020
The FDIC has provided guidance on capital and liquidity buffers for financial institutions to help their customers during the coronavirus crisis. We give you a quick summary.
Mar 31, 2020
A joint statement of the regulatory agencies provides extra considerations for CRA points due to the coronavirus. We give you a summary.
Apr 1, 2020
We recently asked community bankers for their top three regulatory concerns with COVID-19. Today is the first of a two-part series highlighting these paramount issues.
Nov 5, 2018
The most recent FDIC survey found that small business lending by banks has been significantly underestimated. We provide the interesting findings.