Expanded exemptions from credit risk retention standards proposed By Ann M. Grochala More than two years after releasing a proposal to ensure that securitizers retain an economic interest in the credit risk of the assets they securitize, financial regulators recently went back to the drawing board. In late August, regulators released a revised proposed qualified […]
Stepping back and taking stock of regulatory strengths and weaknesses By Karen Epper Hoffman In this compliance-heavy, post-financial crisis world, community banks should step back and take stock of their regulatory strengths and weaknesses. But how to begin and whom to involve? Experts weigh in.
New capital rules offer key exemptions for community banks, set regulatory precedent By James Kendrick After a year of delays, comment letters, meetings with regulators and even an ICBA petition that collected more than 17,000 signatures, the key Basel III capital rules are in the books. For community bankers, it lined up as a classic […]
By Camden R. Fine It’s a concept long but steadily in the making—proportionally tiered regulations for community banks. Conceived by ICBA more than two decades ago, tiered regulation was developed to provide relief to community banks saddled with woefully impractical Community Reinvestment Act regulations. The whole complex CRA regime was put in place to address […]
Upcoming CFPB mortgage regulatory deadlines prompt quick technology planning and adjustments By Elizabeth Judd The hefty series of mortgage lending regulations issued by the Consumer Financial Protection Bureau is presenting some daunting challenges for community banks rushing to meet upcoming January compliance deadlines. Not to be overlooked, however, are the technological changes the regulations are […]
With customers and even regulators turning their heads and opening their ears to social media, your community bank’s participation in the conversation should be a matter of when, not if By Collin Canright Your community bank may not be into social media just yet. But your customers certainly are. And now, even the regulators are […]
Agencies offer new guidance on—and take a second look at—how banks oversee third-party providers By Mary Thorson Spiraling technical requirements, exponential growth of regulatory complexity and the necessity for automation to meet monitoring and processing needs have brought community banks to the doors of third-party vendors that once were thought only to be suitable for […]