South State Correspondent

JANUARY 4, 2023

Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023. Lending Focus – Interest Rate Sensitivity and Credit Accuracy. Many banks, for example, are still hyper-competitive in multifamily lending.

Community Bank 195

Community Bank Capital Lending Training 195

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system and national security. Lending & Credit Risk.

Community 195

Community Regulation Training Policies 195

CFPB Monitor

JANUARY 19, 2022

federal district court has granted the motions filed by the CFPB and the Consumer Financial Services Association (CFSA) to dismiss the lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). (The The CFSA had intervened in the lawsuit.)

Resources 78

Resources Compliance Lending Industry 78

BankUnderground

APRIL 28, 2023

Ideally, a framework for smaller banks would take into consideration their simpler and specialised business models, the limited financial stability implications of their failure, and the disproportional compliance costs they face compared to larger banks. Table A includes summary statistics of the bank-level and GDP growth data. 0 351969.60

Capital 84

Capital Lending US Data 84

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

PYMNTS

OCTOBER 9, 2018

Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021. Community bank representatives at the recent AICPA National Conference on Banks and Savings Institutions noted that some have only one expert designated to implement the standards.

Community Bank 153

Community Bank Community Report Lending 153

Abrigo

DECEMBER 20, 2021

Whether that is the case or not, the reprieve is now over. On December 16, 2021, FinCEN announced an $8 million civil money penalty against CommunityBank of Texas (CBOT) for willful Bank Secrecy Act (BSA) violations and failing to maintain an effective anti-money laundering (AML) program. Lending & Credit Risk. Learn More.

Resources 195

Resources Texas Analysis System 195

FICO

NOVEMBER 23, 2021

Armando Junior, general manager, risk and compliance at Dock (previous winner) . Dinesh Suresh, head, digital builds for consumer secured lending at OCBC Bank (previous winner). Dinesh holds a Bachelor of Mechanical Engineering from the National University of Singapore. by Nikhil Behl.

Meeting 52

Meeting Analytics Risk Management Management 52

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. Community National Bank & Trust of Texas.

Community Bank 164

Community Bank Community Texas Leadership 164

Gonzobanker

MAY 17, 2022

Across requirements in payments, delivery channels, lending, diverse business lines and regulatory requirements, providing solutions to banks is definitely a “triple diamond run” when it comes to complexity and degree of difficulty. In 2021, the Standish Group reported that 83% of I.T. Mandate #3: Build a next-gen I.T.

Technology 134

Technology Regional Community Bank Community 134

Abrigo

FEBRUARY 24, 2022

In 1997, all members of the Federal Financial Institution Examination Council (FFIEC) except the National Credit Union Administration, added the “S” (Sensitivity to Market Risk) measure to the CAMELS rating to account for interest rate sensitivity within institutions. Lending & Credit Risk. Sources of interest rate risk.

Management 195

Management Analysis Strategy Policies 195

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. According to the Conference of State Bank Supervisors , the number of money transmitters grew by 13% in 2021 in the U.S.

Compliance 195

Compliance Fraud Regulation Guidelines 195

CFPB Monitor

JANUARY 16, 2019

The Bureau based the report on information gathered from a variety of sources, including: Loan origination and performance data from the National Mortgage Database (NMDB), Black Knight, CoreLogic, and HMDA. Desktop Underwriter and Loan Prospector submissions and acquisitions data provided by Fannie Mae and Freddie Mac.

Survey 60

Survey Data Analysis Policies 60

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Ag lending in the South: Relationships matter. It also indirectly benefits our lending business.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

JANUARY 31, 2022

“There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank. Amarillo National Bank (ANB) in Amarillo, Texas, plans to open its first full-service retail branch in the home of the Alamo this year, but the $7.6-billion

Texas 182

Texas San Antonio Community Bank Community 182

CFPB Monitor

JUNE 21, 2021

As previously reported , the bill signed into law by President Biden on June 17, 2021 to create the Juneteenth National Independence Day actually results in an important change under the Truth in Lending Act (TILA) and Regulation Z. The bill amends 5 U.S.C 6103(a), Saturday June 19 was not a business day.

Lending 78

Lending Compliance Regulation National 78

CFPB Monitor

NOVEMBER 22, 2022

The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition. The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

CFPB Monitor

AUGUST 6, 2021

As previously reported , the creation on June 17, 2021 of the Juneteenth National Independence Day resulted in an important change under the Truth in Lending Act (TILA) and Regulation Z. 6103(a) to add “Juneteenth National Independence Day, June 19” as a specified legal public holiday. Right of Rescission Period.

Regulation 78

Regulation Lending National Examples 78

CFPB Monitor

JANUARY 28, 2021

As a result of the PAs, the Bureau initiated significantly more fair lending supervisory events during the period covered by the report than during the prior reporting period. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred three ECOA matters to the DOJ. to 1:30 p.m.

Report 78

Report Leadership Lending Regulation 78

CFPB Monitor

MARCH 31, 2022

In her putative class action complaint filed against Alliant Credit Union, Yuliana Camacho alleges that she has been a DACA recipient since 2011 and applied to Alliant in 2021 for a loan to purchase a car. According to her complaint, Ms. Camacho submitted her social security number and her application was pre-approved.

CA 78

CA United States California Lending 78

Abrigo

JUNE 15, 2023

At the end of 2021, the Biden administration announced they would pay closer attention to corruption in the real estate market, focusing on the all-cash transactions in commercial and residential real estate. “The national security and the integrity of the U.S. You might also like this Russian sanctions compliance checklist.

Training 195

Training Regulation Compliance System 195

CFPB Monitor

DECEMBER 7, 2022

Lisa Rice, President and CEO, National Fair Housing Alliance; Mr. Marc H. Morial, President and CEO, National Urban League; The Honorable Byron Donalds (R-FL), United States House of Representatives; Mr. Devon Westhill, President and General Counsel, Center for Equal Opportunity; and Ms. The witnesses included: Ms.

Community 78

Community Compliance Industry National 78

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Newman also architected 25 business acquisitions from 2000 through 2021. Now that’s what you call a change of momentum. with Coinbase alone attracting $86 billion.

Community 216

Community Fintech Industry Innovation 216

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 195

CFPB Monitor

JANUARY 28, 2021

Although the OCC’s CRA final rule technically became effective on October 1, 2020, it provides transition periods for compliance based on a bank’s asset size, type of charter, and business model. the CRA evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums).

Community 131

Community FDIC Lending Survey 131

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Nearly 2 million customers and $20 billion in deposits since entering the country with a digital bank in 2021. and Summit Financial Group, Inc.

Fintech 194

Fintech Community Regional Technology 194

CFPB Monitor

NOVEMBER 22, 2021

At an industry fair lending conference last week, officials from the U.S. Department of Housing and Urban Development (“HUD”) outlined fair lending priorities for their agencies. along racial, ethnic and national origin lines. Patrice Ficklin, Fair Lending Director of the CFPB, was also a keynote speaker.

Conference 78

Conference Lending Industry Regulation 78

CFPB Monitor

JANUARY 7, 2021

However, the AG plaintiffs in the new lawsuit instead view the Rule as “an unlawful attempt” by the OCC to “facilitate predatory lending” and support “rent-a bank schemes.”. If a bank fails to satisfy its compliance obligations, the OCC will not hesitate to use its enforcement authority consistent with its longstanding policy and practice.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

CFPB Monitor

MAY 3, 2021

As discussed in our earlier bl og , the Senate Banking, Housing and Urban Affairs Committee held a hearing on April 28, 2021 entitled “The Reemergence of Rent-a-Bank?”. Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements.

North Carolina 60

North Carolina Lending National District of Columbia 60