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CCRS impact based on differing regulatory agencies

Question: 
I’m part of a bank holding company that has one bank with a FDIC charter and another bank where the Federal Reserve is the prudential regulator. How are we expected to make these different regulatory agencies happy or is this one size fits all?
Answer: 

This is interagency guidance issued on behalf of all FFIEC members including the FDIC and the Federal Reserve among others. The guidance is intended to better reflect current, versus the 1980 regulatory framework, consumer compliance supervisory practices and all agencies will utilize the same ratings grid. However, a bank’s asset size and risk profile will impact 2 of the 3 categories.

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Learn more about Don Blaine’s webinar
Revised FFIEC Consumer Compliance Rating System

First published on 07/23/2017

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