CFPB Monitor

DECEMBER 20, 2023

The CFPB recently released results of a study of residential mortgage refinance loans from the first quarter of 2013 to the first quarter of 2023, focusing on differences between cash-out and non-cash-out (or rate and term) refinance loans. The CFPB used data from the National Mortgage Database to conduct the study. Continue Reading

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Study National Data 78

South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. The post 4 Ways To Quantify Loan Prepayment Protection in 2023 appeared first on SouthState Correspondent Division. The greater fool theory breaks down in a recession.

Community Bank 195

Community Bank Community Capital Maine 195

The Paypers

JUNE 28, 2023

Lithuania ’s main fintech representatives have just signed a Memorandum of Understanding confirming the country’s National Fintech Guidelines for 2023-2028.

Guidelines 36

Guidelines National Fintech Maine 36

Chris Skinner

JULY 5, 2017

If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. Turkish banks launched the world’s first national digital wallet, BKM Express, as early as 2012.

National 300

National Cards Innovation Payments 300

South State Correspondent

JUNE 13, 2023

On our loan hedging desk, we work with hundreds of banks ranging in size from just over $100mm in assets to some national banks with over $1T in assets. The post 10 Loan Pricing and Structuring Observations for 2023 appeared first on SouthState Correspondent Division.

Marketing 195

Marketing Examples Capital Management 195

Abrigo

MAY 30, 2024

The National Adult Protective Services Association defines EFE as the misuse or theft of assets belonging to a vulnerable adult for another person's benefit, often occurring without the senior's explicit knowledge or consent. The FBI’s IC3 2023 report highlighted that elder financial exploitation reached over $3.4

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Fraud Training Trends National 222

The Paypers

JANUARY 3, 2023

The Bank of Russia has announced that it would extend its support package for National Payment System (NPS) entities in 2023.

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System Payments National 74

FICO

JUNE 1, 2023

2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts, many economists were predicting a mild recession to begin in the first quarter of 2023. The numbers: First quarter 2023 GDP released by the U.S. by the end of 2023. from February 2023 to March 2023.

Trends 52

Trends Industry US Cards 52

Banking Exchange

JANUARY 16, 2023

Merchants & Marine Bank and City National Bank have launched separate initiatives to support small businesses and local communities Community Banking Feature3 Feature Small Business Customers People Consumer Compliance

Community Bank 136

Community Bank Community Compliance National 136

Independent Banker

JANUARY 31, 2023

3 ways ICBA LIVE will support your community bank’s 2023 plans Register today To see the full ICBA LIVE agenda, including education sessions, or to register, visit icba.org/live Each year, ICBA LIVE delivers a wide range of education and networking opportunities for community banks. “If New connections. What does that entail, exactly?

Honolulu 91

Honolulu Community Community Bank Leadership 91

Cisco

JANUARY 10, 2023

Whether a community bank or a credit union, regional insurer, or multi-national financial institution, cross-functional engagement with champions, key influencers and ultimate decision-makers also helps to eliminate silos inherent in the financial services industry. Accelerated Digital Transformation Framework.

Digital Strategies 174

Digital Strategies Strategy America Innovation 174

PYMNTS

AUGUST 10, 2018

A new report has found that over 33 billion records will be stolen by cybercriminals in 2023 alone. That is because the country has a great deal of national and international consumer and corporate data in a disparate range of institutions and regulations, making it easier to find and exploit weaknesses. by 2023.

Analysis 108

Analysis Data Analytics National 108

FICO

MARCH 21, 2023

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. recession in 2023. More than 75% of respondents said a recession was likely or very likely in 2023, and only 7% said it was unlikely. Prior to joining FICO, Ms.

Survey 52

Survey Marketing Las Vegas Analytics 52

PYMNTS

AUGUST 14, 2019

The National Payments Corp. India’s digital payments market is expected to hit $1 trillion by 2023, according to a report by Credit Suisse Group AG. of India is reviewing an audit report to ensure WhatsApp complies with local rules. “We

Compliance 100

Compliance National Payments Trends 100

CFPB Monitor

FEBRUARY 8, 2024

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. His prepared remarks addressed the 90 th Anniversary of the Federal Credit Union Act, credit union performance in third quarter of 2023, risks posed by third party service providers, liquidity management, and consumer financial protection.

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Lending National Management 78

American Banker

NOVEMBER 8, 2023

The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.

Maryland 81

Maryland Kentucky Groups Community 81

American Banker

MARCH 7, 2024

Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages. Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says.

FDIC 73

FDIC Report Lending National 73

SWBC's LenderHub

SEPTEMBER 5, 2023

The shuttering of Silicon Valley Bank, Silvergate Bank, and Signature Bank in March 2023 left many account holders across the nation toiling over one burning question: “How safe is my money?” Recent bank failures have cast an unfair light on smaller financial institutions.

National 78

National 78

CFPB Monitor

JULY 5, 2023

The FFIEC advises that the Snapshot National Loan-Level Dataset that it released contains the national HMDA datasets as of May 1, 2023, and that key observations from the Snapshot include the following: • The number of reporting institutions increased by about 2.63% from 4,338 in 2021 to 4,460 in 2022.

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Data National Report Lending 78

William Mills

MARCH 17, 2023

I recently had the opportunity to attend Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

Washington 81

Washington Conference National 81

American Banker

JUNE 16, 2023

As it pushes the boundaries of its Midwestern footprint, the Columbus, Ohio-based bank is on pace to book more than 6,000 7(a) loans in SBA's 2023 fiscal year, the biggest total in seven years.

Columbus 41

Columbus Ohio National Lending 41

Banking Exchange

JANUARY 9, 2023

First National of Nebraska and Renasant Bank have announced deals, while Brookline and United Community Banks have completed acquisitions Management Feature M&A Feature3 Community Banking.

Nebraska 60

Nebraska Community Bank Community National 60

Qudos Bank

FEBRUARY 15, 2024

Yet the glass ceilings are still there and the number of women in leadership roles remain stubbornly low with women holding only 22% of all CEOs or head of business in Australia (WGEA Gender Equality in the Workplace 2023). of First Nations people, hold university-level STEM qualifications.

Leadership 52

Leadership Innovation Community Technology 52

CFPB Monitor

FEBRUARY 7, 2024

Several national and Texas banking and business trade groups have filed a lawsuit in the U.S.

Texas 78

Texas Community Groups FDIC 78

BankUnderground

FEBRUARY 14, 2024

How to match wage data to the CPI Most wage data, including the Average Weekly Earnings (AWE) published by the Office for National Statistics (ONS), is weighted by employment. Chart 1 shows the annual growth in this measure between 2001 and 2023. Latest period October–December 2023. Latest period October–December 2023.

National 86

National Industry Policies Data 86

South State Correspondent

MAY 22, 2024

built an index around this, and it shows that since early 2023, the number of workers in these buildings has hovered between 60% and 70% of the level of activity seen before the pandemic in February 2020. If you add these metrics, office attendance has stabilized nationally and started to trend higher in 2024.

Lending 195

Lending Marketing Philadelphia San Francisco 195

CFPB Monitor

JUNE 15, 2023

On May 31, 2023, the Federal Trade Commission (“FTC”) requested public comment on a petition for rulemaking it received from six national consumer advocate groups regarding “yo-yo sales,” a term the groups use to refer to motor vehicle sale transactions where credit terms or other deal terms are changed post-purchase and delivery of the vehicle because (..)

Groups 78

Groups National 78

BankInovation

DECEMBER 21, 2023

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.9

Company 63

Company National Industry System 63

CFPB Monitor

JUNE 12, 2023

As anticipated, on June 5, 2023, Colorado Governor Jared Polis signed into law Colorado HB23-1229 , which will exclude consumer loans made in Colorado from the provisions of Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDA) (codified at 12 U.S.C. Continue Reading

Colorado 78

Colorado National 78

The Paypers

JUNE 5, 2023

However, according to the Cato Institute 2023 CBDC National Survey, a mere 16% of Americans support the adoption of a CBDC. The possibility of adopting central bank digital currencies (CBDCs) is being explored by countries worldwide, including the US.

Survey 81

Survey National US 81

Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined."

Tools 195

Tools Regulation Data Resources 195

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. There is a national election coming up, so the amendment’s passage is hardly a pre-ordained conclusion.

United States 78

United States Taxes Regulation Compliance 78

CFPB Monitor

NOVEMBER 2, 2023

On November 30, 2023 at 12:30 PM, ET, Ballard Spahr will hold a webinar entitled “Recent Important Developments in Federal Preemption for National and State Banks: What They Mean for Bank and Nonbank Consumer Financial Services Providers” during which this case will be dissected.

California 88

California Los Angeles Lending National 88

Perficient

JULY 12, 2023

The same organization will typically have a national bank charter, and the OCC is the primary federal banking regulator for that part of the organization. Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators.

Management 221

Management Risk Management Regulation Compliance 221

CFPB Monitor

MARCH 28, 2023

The Consumer Bankers Association has released the results of a national survey that looked at how consumers value banking services and innovation. The survey was conducted in February 2023 and included 1,197 adults across the U.S., representative by geography, age, gender, education level, and race.

Survey 78

Survey Innovation Online Mobile 78

PYMNTS

MAY 20, 2020

Data: 93%: YOY growth in digital coupon programs among the top 30 percent of national grocery chains since March 1. 47B: Projected value of the Australian eCommerce market by 2023. 60%: Minimum share of U.S. adults who will use digital coupons this year. 56%: Portion of Australian BNPL consumers between 14 and 34 years old.

National 208

National Data Online Marketing 208

BankInovation

NOVEMBER 1, 2023

Chase Auto National Credit Director Anne Alburo discussed use cases and their implications for AI and automation in underwriting at Auto Finance Summit 2023 in Las Vegas on Monday. Financial institutions are identifying AI uses within their operations for coding, documentation and underwriting.

Las Vegas 63

Las Vegas National Operations Technology 63