PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We Specific Concerns .

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Regulation National System Industry 349

South State Correspondent

APRIL 15, 2024

We feel that as community bankers, we can learn from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet’s annual shareholder letters. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry.

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Community Community Bank Leadership America 195

Abrigo

JANUARY 30, 2024

Get your ticket now for ThinkBIG, an industry-leading learning and networking event. REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Still on the fence about attending the ThinkBIG 2024 conference? Don’t take our word for it, though.

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Conference Arizona Phoenix Fraud 195

PYMNTS

OCTOBER 9, 2018

The alternative finance boom post-2008 financial crisis undoubtedly provided more options for small business (SMB) borrowers, but that doesn’t mean the industry is guaranteed to become a staple among entrepreneurs seeking financing. hasn’t seen the same industry growth trajectory, however. In the U.S.,

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National Regulation Capital Industry 167

Abrigo

AUGUST 30, 2016

According to Sageworks’ Bank Information resource there are nearly 12,000 community banks and credit unions across the United States. Last week Hillary Clinton released her plan to support community banks and credit unions. To learn how you can build a relationship-based lending framework, read Doing More for Business Borrowers.

Community Bank 150

Community Bank Community United States Policies 150

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

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Community Community Bank social media Security 139

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

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Community Bank Community Lending Louisiana 144

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.

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Compliance FDIC Regulation Fraud 221

Independent Banker

AUGUST 31, 2022

This month’s Independent Banker focuses on budgeting issues with a special emphasis on the ICBA National Community Bank Service Awards. With that two-pronged concentration, I can’t help but consider the connection between our role of service and the impact regulation can have on our very ability to serve.

Community Bank 163

Community Bank Honolulu Community Georgia 163

CFPB Monitor

MAY 17, 2021

On May 19, 2021, the House Financial Services Committee will hold a hearing , “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” The scheduled witnesses are: Todd Harper, Chairman, National Credit Union Administration.

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Regulation FDIC National Community 78

South State Correspondent

AUGUST 21, 2023

However, that publication, directly and indirectly, identified three discrete risks affecting community banks. We will outline what we think community bankers should glean from this publication. Risks to the Community Banking Sector Moody’s identified three risks to the banking sector, including risks to community banks.

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Community Bank Community Capital Analysis 195

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

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ATM National New York City New York 100

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. A common example of a generative AI-driven tool that many in the financial services industry are familiar with is ChatGPT, which can produce coherent and diverse texts on various topics. GenAI is seeing varied use cases in banking.

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Examples Fraud Resources Risk Management 221

Abrigo

JULY 19, 2021

Takeaway 1 Human trafficking and human smuggling often intersect with the financial industry. Takeaway 2 After drug trafficking, human trafficking is the second-largest criminal industry in the world. According to the National Human Trafficking Hotline, 92% of human trafficking cases intersect with the financial industry.

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Training National Community Policies 195

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. Bloomberg listed Casey G.

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Community Bank Community FDIC Marketing 122

PYMNTS

OCTOBER 13, 2017

When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling. PYMNTS asked nine executives from a cross-section of the payments industry for their thoughts on how Equifax changes everything, and how it doesn’t.

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Industry Security eBook Data 144

Abrigo

JULY 21, 2021

Takeaway 1 Human trafficking and human smuggling often intersect with the financial industry. Takeaway 2 After drug trafficking, human trafficking is the second-largest criminal industry in the world. See Part I: Implications for Community Financial Institutions. Stay up-to-date on the latest FinCEN priorities.

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Training National Strategy Regulation 195

CFPB Monitor

DECEMBER 8, 2022

As a result, a company that controls an institution that is not a BHCA bank is not required to register as a bank holding company with the Federal Reserve Board and, therefore, is not subject to regulation and supervision by the Federal Reserve Board. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.).

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FDIC Company Industry Regulation 78

PYMNTS

JANUARY 9, 2018

As this trend unfolds, though, there is another player in the small business lending space that still stands to disrupt the industry even if it isn’t grabbing as many headlines. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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Community Bank Community Fintech Lending 131

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job."

Community Bank 150

Community Bank Community FDIC Survey 150

PopularBank

MAY 24, 2024

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care. Stay informed.

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Operations Training Community Meeting 52

Abrigo

AUGUST 31, 2023

Relationship building has long been part of the financial services industry, so knowing your customer may seem straightforward. For example, as diverse populations increase with globalization, community financial institutions have an opportunity to accommodate clients that may not follow the Western “first, middle, last” naming convention.

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Compliance Community Training System 195

PYMNTS

JANUARY 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. The stipulations of Stumpf’s settlement say that he can’t “in any manner” participate in any activity at an OCC regulated bank, or be a part of any bank’s corporate board votes. government, according to a report by CNBC.

Community Bank 185

Community Bank Regulation Community Meeting 185

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. The industry's most significant market increase was between 2016 and 2018. National objectives in cryptocurrency policy. Rapid Growth. The rise of digital assets. Priorities. Promote U.S.

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cryptocurrency Fraud United States Leadership 195

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4010 – Temporary Hiring Flexibility. Section 4011 – Temporary Lending Limit Waiver.

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Regulation United States Community Bank National 122

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

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Regulation FDIC Community Lending 78

Chris Skinner

MAY 1, 2017

Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters. This would enable a FinTech to go through ONE regulator to get to market, rather than the 200 or more they would have go through today. An obscure regulatory debate has put the entire U.S.

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America Fintech National Regulation 211

PYMNTS

JANUARY 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. The stipulations of Stumpf’s settlement say that he can’t “in any manner” participate in any activity at an OCC regulated bank, or be a part of any bank’s corporate board votes. government, according to a report by CNBC.

Community Bank 136

Community Bank Regulation Community Meeting 136

CFPB Monitor

NOVEMBER 22, 2021

At an industry fair lending conference last week, officials from the U.S. These represent the first remarks by these regulators following the DOJ’s announcement of its major new “ Combatting Redlining Initiative ” on October 22, 2021, and it was the topic of each of their presentations. along racial, ethnic and national origin lines.

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Conference Lending Industry Regulation 78

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

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Marketing Community Community Bank Industry 108

PYMNTS

NOVEMBER 8, 2020

Morgan Chase , Microsoft and the travel industry, are publicly urging a peaceful transition of power after the U.S. Microsoft President Brad Smith voiced a common concern of the business community in urging that a Biden administration focus on coordinating more with other countries on things like climate change and regulation.

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US Leadership Taxes National 199

Abrigo

DECEMBER 1, 2022

The fact that this market has been loosely regulated in the United States leaves the industry open to illegal actors in the dark market and open trade, such as auction houses and the internet. Stay up to date on trends in money laundering and AML/CFT regulation. Treasury reviews art industry. Preparing for change.

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Regulation Study Training Resources 195

Abrigo

JULY 1, 2021

Takeaway 2 Other transactions point to human trafficking but require more digging on the part of financial industry professionals. . When you come in contact with transactions that just don’t feel right, don’t hesitate to file Suspicious Activity Reports (SARs) and call the National Human Trafficking hotline at 888-373-7888. .

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Training Conference Community Video 370

Abrigo

NOVEMBER 18, 2019

As differences continue to exist in state and federal law around the cannabis industry, it creates a growing gray area for financial institutions around providing banking services to cannabis-related businesses (CRBs) or marijuana-related businesses (MRBs). Why is the SAFE Banking Act important? What is the SAFE Banking Act?

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Regulation Community National Operations 150

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. By Karen Hoffman.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

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Florida Community Bank Community FDIC 91

PYMNTS

JULY 7, 2020

Now there’s the Retail Industry Leaders Association (RILA) asking for help with mandating mask guidance regulations to protect store personnel. Social media has been full of news of anti-maskers wrecking displays – and weeks ago, even attacking a store clerk because of regulations requiring them to mask up inside stores.

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Retail Groups social media Policies 151