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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff.

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Ten Questions for Kansas City Fed President Esther George

American Banker

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses

PYMNTS

Community Development Financial Institutions (CDFIs) are hoping more Paycheck Protection Program (PPP) funding is passed by Congress soon so that smaller businesses left behind can stay afloat during the coronavirus pandemic, according to a Tuesday (April 14) report in the Wall Street Journal.

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House Financial Services Committee to hold Sept. 26 hearing on real-time payments

CFPB Monitor

The memo from the FSC Majority Staff indicates the hearing will focus on the development of a real-time payments (“RTP”) system and the risks, regulation, and market features of any future payments system. George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). Regulators have repeatedly stressed the importance of sound risk management practices that include the ability to identify and measure interest rate risk. EVE Analysis.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. Accessibility Beyond Big Banks. George, was met with widespread support from her fellow witnesses.

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Kansas City Bank to Pay $2.8M in Redlining Case with HUD

American Banker

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.