NAWRB Conference Interview with Victor Christiansen, FDIC, OMWI

NAWRB: For those who might not know, describe what you do.

I work in the Office of Women and Minority Inclusion and I’m a branch chief. The branch is called Minority and Women in Business Diversity Inclusion branch.

NAWRB: Where did your career begin?

I started in the general accounting office which is now the Government Accountability Office, the GAO, and I worked at the Department of the Interior for many years. Then, in 2012, I came to the FDIC.

Continue reading

2018 Live Conference Updates: OMWI/Procuring Contracts

Procuring contracts may not sound the most glamorous of topics, however, this panel was not only information-packed but all of our speakers from government and local agencies made themselves incredibly accessible to our attendees. Continue reading

FDIC Releases Plan to Help Financial Institutions in Hawaii

The Federal Deposit Insurance Corporation (FDIC) recently released its guideline for regulatory relief of financial institutions affected by natural disasters in Hawaii. The guide outlines the steps by which it will help these regulated entities make a full recovery from accrued damages.

Continue reading

FDIC Chairman Martin J. Gruenberg Speaks at Technology Forum in Arlington

The Federal Deposit Insurance Corporation (FDIC) released remarks from Chairman Martin J. Gruenberg at the Forum on the Use of Technology in the Business of Banking that took place yesterday, May 7th, in Arlington, Virginia. At the forum, banking experts and technology leaders in the industry gathered to discuss how emerging technologies will change banking operations, retail banking, consumer financial data access and more.

Continue reading

Federal Bank Agencies Assist Community Development after Hurricane Maria

A press release by the Federal Deposit Insurance Corporation reveals that federal bank regulatory agencies will give “favorable consideration” to disaster areas affected by Hurricane Maria, predominantly located outside of the U.S. Virgin Islands and Puerto Rico. This will be carried out under Community Reinvestment Act (CRA) regulations, which encourage financial institutions to assist community development and local credit needs.

Continue reading

Jumpstarting Your Career & Business in the Housing Ecosystem

As a professional in the housing ecosystem, it is crucial to think outside the box and utilize the resources at your disposal to grow and advance your business and career. Analyzing your market, familiarizing yourself with the competition and crafting a superior business plan are great first steps, but pioneering decisions are what will make or break you in the market.

Adapting to the changing times, leveraging your differences, preparing for the future of the market and surrounding yourself with people invested in your success will help you seize opportunities for advancement.

Balancing New School and Old School
If you consider your favorite products, are they the “best” or the most inexpensive choices on the market? Or, have you developed a relationship with a particular brand that you buy because it has done right by you? Similar to your preferred items, your business can become the go-to for customers.
Continue reading

FDIC Announces Youth Savings Pilot Symposium

The Federal Deposit Insurance Corporation (FDIC) has announced that it will host a symposium on developing youth savings on Friday, October 21, 2016. The symposium, “Learning to Save – Saving to Learn,” will unite representatives from almost 20 bank participants in the FDIC’s Youth Savings Pilot program, alongside non-profit and school partners. Participants will convene ideas for merging financial education with the opportunity to open a savings account.

Continue reading

FDIC: Regulatory Relief For Community Banks

If you’re wondering about the recent topic of regulatory relief for community banks, look no further. The FDIC  has recently released a statement by Doreen R. Eberley regarding this very topic. In the press release, Eberley speaks about positive performances made by community banks in the United States,  as well as burdensome, outdated and unjustifiable regulations that they hope to clean up. She goes on to talk about about the FDIC’s supervision program, as well as their Community Bank Initiative.

Continue reading

FDIC Encourages Different Approach for Assessing Customers

bank

 

 

 

 

 

 

Today, the Federal Deposit Insurance Corporation (FDIC) released a Financial Institution Letter that applies to all FDIC-supervised institutions regarding the assessment approach used for evaluating customers. The letter encourages a risk-based approach in assessing the services that can be provided to customers, as opposed to denying banking services to entire categories of customers.

Continue reading