Search Results: Publications
September 7 – First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation, has entered into a purchase and assumption agreement to acquire approximately $383 million in retail and private banking deposits, 17 branch banking locations and related consumer loans in the Pittsburgh MSA from Fifth Third Bank. The transaction will be additive to FNB’s retail delivery channel, creating access to over 100 branches in the Company’s Pittsburgh region, and is expected to close in early 2016, subject to regulatory review and approval.
August 21 – A new research report from management consulting firm Cornerstone Advisors finds that as banks and credit unions struggle with an overload of technology projects, the remedy is having more technology—not less technology.
August 4 – A state-chartered credit union designed to provide compliant banking services to the cannabis and hemp industries, as well as non-cannabis businesses, has filed lawsuits against the National Credit Union Administration and the Federal Reserve Bank of Kansas City after both entities issued denial letters in response to TFCCU’s pending applications. (more…)
July 24 – The Office of the Comptroller of the Currency will host two workshops in Wichita, Kansas, at the Hyatt Regency Wichita, August 18-19, for directors of national community banks and federal savings associations.
July 2 – The Office of the Comptroller of the Currency will host two workshops in Harrisburg, Penn., at the Crowne Plaza Harrisburg – Hershey, July 28-29, for directors of national community banks and federal savings associations.
June 30 — Interest rate risks, loosening underwriting standards and cybersecurity are among the top supervisory concerns in the Office of the Comptroller of the Currency’s Semiannual Risk Perspective for Spring 2015. (more…)
May 29 – The Office of the Comptroller of the Currency will host two workshops in Des Moines, Iowa, at the Embassy Suites Des Moines Downtown, July 14-15, for directors of national community banks and federal savings associations.
By James DeFrantz
In the last year, more than 82 new regulations have taken effect! Compliance and risk have taken center stage of the bank regulatory universe and that will be the case for some time to come. The twin missions of the regulators have become consumer protection and the managing of risk. Whether or not you agree with this approach, the fact of the matter is that compliance is one area where costs are rising and will continue to rise.
April 7 – Brink’s Global Payments, LLC, in partnership with NetSpend, a TSYS company and prepaid provider of choice to self-banked consumers and the brands that serve them, have announced the launch of the Brink’s Prepaid MasterCard issued by BofI Federal Bank. The Brink’s prepaid card appeals to consumers seeking peace of mind from a secure and stable money management solution. Consumers using the Brink’s card have access to many convenient and flexible features to accommodate their busy, on-the-go lives, including direct deposit up to 2 days faster1, 24/7 access to their account with an online account center and smartphone apps, virtual cards for online shopping and free online money transfers to other cardholders.