Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

American Banker

OCTOBER 16, 2023

Billy Beale joined the small Virginia bank in May, several months after its fintech partnership strategy landed it in hot water with regulators. There's still a lot of just blocking and tackling that we've got to do to get the bank to work the way it's supposed to," he says.

Virginia 41

Virginia Regulation Strategy Fintech 41

Independent Banker

FEBRUARY 24, 2016

Yet community banks, as relationship builders, don’t like to hear customer complaints. Customer complaint management, now considered a component of a bank’s compliance management, has become a rest stop during compliance exams. Three steps to strengthen your bank’s customer complaint management. By Mary Wright Thorson.

Compliance 70

Compliance Regulation Community Bank Virginia 70

American Banker

NOVEMBER 17, 2016

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

Virginia 28

Virginia Community Bank Community Compliance 28

Independent Banker

AUGUST 25, 2016

Audit to check and balance the compliance management process. While the saying irritated the Russians to distraction, the phrase can be a useful reminder for the essential role that effective auditing plays in the compliance process. In compliance management, the process is only as effective as the bank’s efforts to.

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

AUGUST 25, 2016

The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. Designate a compliance officer. Mary Thorson Wright , a former Federal Reserve manager, is a financial writer in Virginia.

Compliance 70

Compliance Community Bank Training Virginia 70

American Banker

NOVEMBER 5, 2021

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Virginia 58

Virginia Community Bank Community Compliance 58

Independent Banker

OCTOBER 29, 2014

New BSA guidance reinforces having an appropriate ‘culture of compliance’. Community bank compliance professionals know three things about effective compliance management: It starts at the top. As a result, most compliance officers were likely not surprised by the August 2014 “Advisory to U.S. By Mary Thorson.

Compliance 80

Compliance Leadership Resources Virginia 80

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” As the Supreme Court aptly recognized in Inclusive Communities , limitations on disparate impact liability are necessary to protect potential defendants from abusive disparate impact claims.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

CFPB Monitor

JUNE 2, 2022

In any event, if implemented in their proposed form, the CPRA regulations will require a substantial expansion of privacy compliance operations for many businesses subject to the law. The details, potential compliance problems, technical requirements, and unanswered questions are far too numerous to address in a single blog post.

Regulation 78

Regulation California Exercises Compliance 78

Independent Banker

DECEMBER 13, 2015

1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. Your community bank should review how the rule’s requirements will affect its products and services to prepare for the rule’s Oct. 3, 2016, compliance date. The effective date of the final rule was Oct.

Lending 70

Lending Compliance Regulation Virginia 70

American Banker

MARCH 21, 2016

A dozen banks from Arkansas to Virginia are nearing $10 billion in assets, where they will face higher compliance costs and caps on interchange fees. Mergers among those institutions could create a new class of regional bank.

Arkansas 28

Arkansas Virginia Regional Compliance 28

Gonzobanker

DECEMBER 17, 2021

Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JUNE 24, 2016

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. The fizzle wears on. Costco Card.

Lending 101

Lending Online South Dakota North Dakota 101

Fintech Labs Insights

MARCH 22, 2016

million for its compliance tools. HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Compliance tools for digital interactions. Community platform for investors. Tags: Lenders, loan administration, service, compliance, lending. million for its P2P lending platform for small businesses. Qumram raised $2.5

Company 12

Company New York City Fintech Colorado 12

Fintech Labs Insights

SEPTEMBER 1, 2016

Distributed ledgers for financial community. HQ: Reston, Virginia. Tags: Institutions, analytics, BI, compliance, security. Source: Crunchbase. Big data analytics for financial institutions. Latest round: $4 million. Total raised: $5 million. HQ: London, England, UK. Source: FT Partners. VaultInvesting. Latest round: $1.55

New York City 18

New York City Company Fintech Comparison 18