South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime).

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South State Correspondent

APRIL 9, 2024

We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. Community banks should carefully consider the prudence of such a strategy from both a risk and revenue perspective. cuts through the end of the year.

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How To Community Community Bank Marketing 195

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). 1, 2024, is the earliest compliance deadline. The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B.

Compliance 195

Compliance Lending Data Regulation 195

PopularBank

OCTOBER 17, 2023

A new Florida condo safety law passed in June 2023 makes some updates to a regulation passed in 2022 for condominium and cooperative buildings. Milestone inspection deadline The new Florida condo safety law extends the initial deadline for milestone inspections for community buildings reaching 30 years old. We’re here to help.

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Florida Regulation Community Study 52

American Banker

FEBRUARY 14, 2024

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

cryptocurrency 83

cryptocurrency Regulation Industry Cyber Security 83

Abrigo

FEBRUARY 14, 2024

In AGC’s 2024 outlook report , 64% of contractors named rising interest rates and financing costs as one of their biggest concerns. Source: FRED CRE stress testing: Avoid credit losses by examining vulnerabilities Stress testing is integral to managing risks in CRE lending for community financial institutions.

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Risk Management Management Lending Capital 195

Abrigo

MARCH 8, 2024

In 2024, we face sophisticated schemes exploiting both technology and social engineering to target unsuspecting customers. As a financial institution, you are responsible for educating your community and clients on financial patterns and bank wire fraud trends. Spread the word.

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Fraud Technology Trends Training 195

PopularBank

DECEMBER 7, 2022

Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. Building inspections are required for community buildings in all 67 counties in Florida that are three or more stories in height. Florida’s new condo safety laws at-a-glance. Mandatory building inspections. banks by assets.

Community 52

Community Florida Study ATM 52

Jeff For Banks

APRIL 4, 2024

Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. Regulation and the Political Environment "Last month, the CFPB reported how banks have become more dependent on these fees to feed their profit model on checking accounts.

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Banking Trends Trends Millennials Oregon 117

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. An NPR is due in 2024 or before. Data privacy.

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CFPB Monitor

NOVEMBER 28, 2022

Supreme Court granted the unopposed request of the Community Financial Services Association for a 30-day extension until January 13, 2023 to file its brief in opposition to the CFPB’s certiorari petition seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. Last week, the U.S.

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Conference Exercises Community Regulation 78

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. That timeline would put the compliance deadline around October 2024. The "what," "who" and "why" Common questions about the 1071 rule What is the 1071 rule?

Data 195

Data Lending Compliance Resources 195

PYMNTS

AUGUST 5, 2019

The central bank is currently requesting comments on the design of the service, which it expects to make available in 2023 or 2024. This is also important for small businesses, where getting funds from a sale immediately can make the difference in being able to pay a supplier and avoiding costly, long-term financing,” she noted.

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System Payments Kansas Online 212

American Banker

DECEMBER 21, 2023

Now as it waits for regulatory approval, Provident says the process will stretch into spring 2024. Provident Financial in Iselin initially anticipated completing its deal for Oak Ridge-based Lakeland Bancorp in the second quarter.

New Jersey 36

New Jersey Community Bank Community Compliance 36

PYMNTS

OCTOBER 12, 2020

We’ve listened to our community and their requests for different payment options – more and more retailers are offering this as an option. With the clean beauty sector expected to hit $22 billion by 2024 , Beautycounter and Renfrew will continue to push the industry forward with product launches and advocacy efforts for cosmetic reform.

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Innovation New York City Denver Retail 270

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). Unlike the proposal, does not contain benchmarks for the CRA evaluation measure, a specific community development lending and investment minimum, or thresholds for the retail lending distribution tests.

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FDIC Lending Retail Compliance 78

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. ET, Ballard Spahr will hold a webinar, “The OCC Issues Final CRA Rule – What Changed and What’s Next?” Thomas, Ph.D.,

Community 60

Community FDIC Lending Examples 60

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

Social Assurance

JULY 17, 2020

Deadlines for complying with the new OCC CRA regulations are coming. Now is the time to prepare your financial brand for the new regulations if you fall under OCC regulation. Community Spark provides your financial brand the tools to engage, track and share your community impact. January 2024. March 2020.

Compliance 15

Compliance Community Regulation Branding 15

Abrigo

JANUARY 22, 2024

billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For An informed and vigilant community is a powerful deterrent against fraud. It is no secret that the significant increase in fraud is one of the biggest concerns financial institutions face today.

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Fraud Training Risk Management Software 221

Abrigo

DECEMBER 28, 2023

Papers, infographics on risk management Resources related to banking headlines were popular For banking risk and accounting staff, managing challenges tied to interest rates, liquidity, and credit portfolios will remain top-of-mind in 2024. Find out what auditors and regulators will be looking for as it relates to CECL.

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Resources Risk Management eBook Strategy 221

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. Small and intermediate banks must comply with the rule by January 1, 2024. This is the second in a series of five blog posts about the final rule.

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Community Lending Meeting Retail 97

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. According to fraud strategists , check fraud is projected to soar to $24 billion in 2024. You might also like this on-demand webinar explaining how fraudsters use checks to their advantage.

Fraud 221

Fraud Training Trends Regional 221

Abrigo

FEBRUARY 8, 2024

Check fraud alone, the most significant current fraud threat, is projected to create losses of $24 billion in 2024. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center. The Federal Trade Commission (FTC) reports that U.S.

Fraud 195

Fraud Resources social media Software 195

Gonzobanker

MARCH 21, 2024

The problem is even worse in 2024. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital. When amending Regulation B of the Equal Credit Opportunity Act, the CFPB wrote: “There is limited data on small businesses’ access to credit. are ‘underserved.’” It’s a global problem.

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Lending How To Capital Data 78

South State Correspondent

JUNE 27, 2023

While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance. Regulatory Compliance: Many regulators and market infrastructures around the world are moving towards ISO 20022, making it a requirement for participating in those markets.

System 195

System Data Examples Payments 195

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

Community Bank 209

Community Bank Community Texas Dallas 209

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Expect more deals to be announced in 2024.

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Fintech Community Regional Technology 195

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

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FDIC Community Lending Survey 131

Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” This is to be issued no later than one year after the effective date of the BOI Reporting Rule (January 1, 2024).

Fraud 195

Fraud Training Regulation Trends 195

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

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Policies Company Regulation Risk Management 52