Treliant’s Post

Join us for a complimentary webinar explaining why — as the asset size of banks continues to increase — more and more banks are becoming subject to the regulatory requirements of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA).

Professor Goldstein recently discussed the delicate balance of financial stability in the digital age, focusing on the role and limits of deposit insurance. Highlighting its origin with the FDIC in 1934 and its success in preventing bank runs, he also examined the recent SVB event where the $250,000 insurance limit was effectively bypassed. This raises critical questions about the sustainability of unlimited deposit insurance and its impact on the financial system's stability. A thought-provoking dialogue on where we draw the line on financial safety nets. #FinancialStability #DepositInsurance #DigitalEconomy #BankingInnovation #EconomicInsight #FDIC1934 #SVBCaseStudy #RiskManagement #FintechFuture #DigitalBanking #EconomicPolicy #FinancialFragility #BankRunsPrevention #EconomicDiscussion #FinanceEducation #SystemicRisk #FinancialSafetyNet #BankingSector #MonetaryPolicy #FinancialDialogue #technology #finance #tech

The Consumer Financial Protection Bureau has released a proposed rule on overdraft fees. While the proposed rule technically only applies to banks over $10 billion, the question remains, what will the trickle down impact be to banks under that threshold? The CFPB is looking to move swiftly on this, with an expectation of compliance by October 1, 2025, if the rule is adopted. Comments on the proposed rule are due by April 1st, 2024.   Stay informed and make your voice heard by reviewing the proposed rule here: https://lnkd.in/gM-_zHes #CFPB #overdraftfees #proposed

Join us at the Connected Banking Summit today where I speak on"Enhancing Financial Inclusion - Shari'ah Compliant Insurance," pursuant to the conference theme of “𝐂𝐫𝐚𝐟𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧.” 𝐒𝐞𝐜𝐮𝐫𝐞 𝐘𝐨𝐮𝐫 𝐒𝐩𝐨𝐭: https://lnkd.in/gf2SwGnv

Living wills and resolution strategy - regardless of size, expect higher regulatory expectations. $250B+ banks to strengthen “living wills”, $100B+ to report “more robust plans” and $50B+ to reinstate “effective resolution planning” under Federal Deposit Insurance Corporation (FDIC) and Federal Deposit Insurance Corporation (FDIC)/Federal Reserve Board proposals. See where the regulators are going. #KPMGRegulatoryAlert #livingwills #regulatory #financialservices

It is better to have knowledge of pain endured by others vs enduring the pain yourself! Here is a summary of comments raised by the SEC on Banking related issues which were fielded by others. May this be a roadmap to help avoid comments on your filings.

🤔 Concerned about the increasing regulator focus on fees of all kinds? You’re not alone. Many bankers have responded by taking a fresh look at their fee income from a compliance as well as a financial perspective. If it has been a while since you’ve done a comprehensive review of all of your fees, it may be a good time to add this to your already-long “to do” list... 📌 Join Pam Perdue in June to take an in-depth look at the risks of banking fees. Learn more here: https://hubs.li/Q02vLhxx0 #Compliance #RegulatoryCompliance #OverdraftFees

Are you managing assets over $250,000? Discover how IntraFi Network Deposits can provide you with multi-million-dollar FDIC insurance—all while keeping the convenience of a single bank. Read more in our guide. Let's secure your financial future together! 💰🏦 https://hubs.la/Q02ddMwB0 #FinanceSecurity #IntraFiNetwork

A new Consumer Financial Protection Bureau (CFBP) Overdraft Ruling aims to prevent banks from profiting from consumers who are in financially unstable situations. Banks, despite some having low cost options for overdraft, often push high costs options to consumers. This comes at an individual's worst moments, punishing them when they are having financial instability. Per the CFPB: “The CFPB also is proposing to limit the longstanding exemption to overdraft practices that are offered as a convenience, rather than as a profit driver. The proposed rule would allow financial institutions to charge a fee in line with their costs or in accordance with an established benchmark. The CFPB has proposed benchmarks of $3, $6, $7, or $14 and is seeking comment on the appropriate amount.” We applaud this ruling which aims to protect consumers, particularly when people are at their most vulnerable. Read more about the ruling via the CFPB here: https://lnkd.in/gV642hEs #overdraft #junkfees

The Financial Conduct Authority (FCA) introduced Consumer Duty rules on 31st July 2023, placing a responsibility on firms to deliver fair value and good customer outcomes on products such as mortgages, current accounts, credit cards, investments and insurance. Under the Consumer Duty rules, banks, building societies, insurers, investment firms and financial advisers were warned they must improve and track how they communicate with and treat customers. As we approach the 12-month anniversary of the Consumer Duty regulations coming into force, our Regulation and Compliance practice lead, Mike Rogers, shares his views on how things have gone over the past year, and what to expect next from the FCA: https://lnkd.in/ei2SYpih #FinancialServices #Banks #BuildingSocieties #CreditCards #ConsumerDuty