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?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

AUGUST 30, 2018

China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according to reports. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100

Policies Lending Regulation Community 100

BankUnderground

OCTOBER 26, 2021

The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Monetary theory and policy in Medieval France. Nathan Sussman.

Policies 111

Policies Taxes Maine National 111

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list.

Lending 221

Lending Risk Management Community Management 221

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. This includes static application structure, dynamic application behavior, third-party component patch/version levels, and overall deployment environment compliance with hardened operating systems.

Compliance 332

Compliance Security Software System 332

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. and 53% indirect costs: operations, IT, human resources, etc.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. This experience also firmly shaped how we work with regulators.

Community Bank 171

Community Bank Community Lending Training 171

Abrigo

JULY 13, 2023

Regularly reviewing and improving policies and procedures is essential to stay one step ahead of emerging threats. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams. The goodwill your institution will gain in the community will be invaluable.

Fraud 195

Fraud cryptocurrency Training social media 195

CFPB Monitor

AUGUST 5, 2019

Supreme Court ruling in Texas Department of Housing and Community Affairs v Inclusive Communities Project, Inc. In 2018, HUD issued an advance notice of proposed rulemaking seeking comment on whether the Rule should be revised in light of the 2015 U.S.

Community 68

Community Policies Compliance Regulation 68

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. according to the latest figures from the IRS, which monitors and regulates such organizations. There are approximately 1.56

Management 141

Management Taxes Groups Regulation 141

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

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

Abrigo

JUNE 19, 2022

Takeaway 1 The ELE tool for CECL from the Fed is aimed at reducing the operational burden of implementation ahead of the 2023 deadline. . And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance.

Tools 195

Tools Regulation Data Resources 195

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. The primary resource for deposit account error resolution is Regulation E—the Electronic Funds Transfer Act (EFTA).

Community Bank 91

Community Bank Regulation Community Training 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.

Retail 151

Retail Groups social media Policies 151

PYMNTS

APRIL 30, 2019

The program aims to provide eligible companies with valuable regulatory input early in the testing of innovative activities that could result in opportunities or benefits to consumers, businesses, financial institutions and communities. As the prudential regulator of the U.S. As the prudential regulator of the U.S.

Innovation 128

Innovation Regulation System Community 128

CFPB Monitor

JANUARY 30, 2020

Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Food and Drug Administration.

Regulation 78

Regulation Policies Lending Community 78

Abrigo

APRIL 12, 2016

Directors overseeing a bank’s operations are important partners in supervisory efforts, the FDIC noted in the article (“A Community Bank Director’s Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.”). Poor operating results 10. Low capital levels or poor access to new capital 11.

Management 150

Management FDIC Risk Management Community Bank 150

Abrigo

JULY 10, 2023

As we harness the power of AI to enhance operational efficiency, detect patterns, and optimize decision-making processes, financial institutions must remain vigilant. Best practices Addressing AI fraud in your policies AI fraud can be particularly tricky because it impacts how financial institutions verify customers’ identities.

Fraud 150

Fraud How To social media Security 150

Abrigo

NOVEMBER 18, 2019

Key Takeaways Cannabis-related businesses operate in high cash volumes, creating a public safety concern. CRBs operate with high levels of cash, with many of them currently cash-only businesses. The SAFE Banking Act looks to create a safe harbor for institutions looking to bank legitimate CRBs. Why is the SAFE Banking Act important?

Regulation 150

Regulation Community National Operations 150

BankUnderground

MARCH 1, 2021

During these negotiations Catto lobbied for the Bank not to be given more powers to regulate banks. The negotiations went smoothly on the whole but, according to records in the Bank’s archives, Catto declared himself during one meeting at the Treasury to be ‘strongly against any legislation giving powers to regulate the banks’.

Policies 125

Policies Regulation Meeting Industry 125

Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.” BSA Training.

Training 195

Training Strategy Fraud National 195

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. In a perfect merger, both banks are compliant, risk-based, and consistent with each other’s policies and procedures. BSA Rules and Regulation.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. What events could jeopardize our operational liquidity? This is the fourth post in a series. .

Management 195

Management Meeting Risk Management Operations 195

PYMNTS

JUNE 2, 2019

In other news, Coinbase has announced that president and chief operating officer Asiff Hirji is leaving the company. There are also reports that Tina Bhatnagar, Coinbase’s current vice president of operations and technology, is leaving. Just look at the business model.

social media 119

social media Bitcoin cryptocurrency blockchain 119

CFPB Monitor

JULY 5, 2022

through the CFPB’s Compliance Assistance Sandbox (CAS) Policy. a)(14) of Regulation Z, and that Payactiv therefore had a safe harbor from liability under the TILA and Regulation Z in connection with the specified EWA program. The CFPB has issued an order terminating the approval order issued in December 2020 to Payactiv, Inc.

Regulation 78

Regulation Policies Innovation Analysis 78

Abrigo

MARCH 22, 2023

Understanding trade-based money laundering Addressing the FinCEN priorities in your AML/CFT policy means knowing what steps to take to prevent trade-based money laundering and terrorism funding. See Part I: Implications for Community Financial Institutions. Would you like others articles like this in your inbox?

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

NOVEMBER 7, 2019

He was also a member of the executive committee at JPMorgan Chase and was president of SBC Communications (now AT&T). He will serve on the operating committee and report to Wells Fargo CEO Charles Scharf. “I He also served as BNY Mellon vice chairman and was a member of its executive committee. public,” Daley said. “I

Community 100

Community Community Bank Policies Operations 100

PYMNTS

NOVEMBER 7, 2019

He was also a member of the executive committee at JPMorgan Chase and was president of SBC Communications (now AT&T). He will serve on the operating committee and report to Wells Fargo CEO Charles Scharf. “I He also served as BNY Mellon vice chairman and was a member of its executive committee. public,” Daley said. “I

Community 100

Community Community Bank Policies Operations 100

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Less than a year in, our approach is already paying dividends, with significant changes in bank overdraft policies and major reforms in the reporting of medical debt to consumer credit reports.

Groups 145

Groups West Virginia Policies Virginia 145

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Lending 186

Lending Community Bank Community Analysis 186