Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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New York Compliance Regulation Analysis 221

ABA Community Banking

OCTOBER 9, 2023

Community banks need to get engaged on the regulators’ capital framework overhaul, outgoing ABA Chair Dan Robb told ABA’s Annual Convention in Nashville this morning. The post Dan Robb: Capital proposal is concerning to community bankers appeared first on ABA Banking Journal.

Community 64

Community Capital Nashville Community Bank 64

Abrigo

JANUARY 17, 2024

Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. One issue that hurts people and communities everywhere is human trafficking, and January is Human Trafficking Awareness Month.

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Training Community Software Texas 259

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

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Community Bank Community Fraud Texas 134

Independent Banker

JANUARY 31, 2023

Community bankers and industry experts share how to best put this data to use. billion-asset First State Community Bank in Farmington, Mo. To use data effectively, community bankers need to balance the information with what they know to be true about their customers. All data creates a competitive advantage. The results?

Community Bank 91

Community Bank Community Trends Payments 91

PYMNTS

AUGUST 7, 2020

Microsoft and Facebook are grumbling publicly about fellow tech giant Apple ‘s policies restricting access to coveted slots in its App Store, as well as the access given to iPhone and iPad users. 15, Microsoft plans to release Project xCloud , a streaming service that will allow users to play any of roughly 100 games.

Policies 166

Policies Apple Guidelines Google 166

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 108

Policies Taxes Maine National 108

American Banker

AUGUST 22, 2023

The American Bankers Association and Bank Policy Institute Tuesday urged bank regulators to delay the finalization of its Community Reinvestment Act rule, saying regulators have not calibrated the rule to account for upcoming capital changes or considered whether courts will find the Consumer Financial Protection Bureau's funding structure constitutional. (..)

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Regulation Policies Community Capital 36

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

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

NOVEMBER 28, 2018

Facebook could face coordinated regulation by nine countries after chief executive Mark Zuckerberg refused to be questioned by an international committee on fake news. According to a report in the Financial Times , members of parliament from Argentina, Brazil, Canada, Ireland, Latvia, Singapore, France, Belgium and the U.K.

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Regulation Policies US System 145

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members. FinCEN assessed a $1.5

Training 221

Training Compliance Fraud Policies 221

Abrigo

AUGUST 31, 2023

Naming conventions One benefit of customer-centric KYC is that it differentiates community financial institutions from larger, more impersonal banks by allowing clients to retain their individuality and build personal relationships. When customers have no legally issued ID, alternative know-your-customer policies are indispensable.

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Compliance Community Training System 195

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

Community Bank 218

Community Bank Community Hawaii Washington 218

American Banker

FEBRUARY 7, 2024

Banks historically have been averse to challenging their regulators in court, but a suit over the recently finalized Community Reinvestment Act implementation rules is a signal that the times have changed.

Regulation 48

Regulation Community Policies Compliance 48

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. A lengthy report released recently by the U.S.

Regulation 150

Regulation FDIC Survey Community Bank 150

PYMNTS

AUGUST 7, 2018

Regulators from the U.K., The Global Financial Innovation Network will be made up of 11 other regulators, including the U.S. The regulators will also share policy ideas to ensure they are up-to-date in areas such as artificial intelligence, Big Data and blockchain. and Hong Kong announced on Tuesday (Aug.

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Regulation Fintech Policies Innovation 100

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members. FinCEN assessed a $1.5

Training 195

Training Compliance Fraud Policies 195

American Banker

OCTOBER 25, 2023

Banks and dissenting policymakers have raised the possibility of challenging regulators' Community Reinvestment Act overhaul in court, but it remains unclear whether they intend to walk the walk.

Community 41

Community Regulation Policies Compliance 41

ABA Community Banking

JANUARY 16, 2020

The Colorado State Banking Board today denied the sale of a Colorado community bank to one of the state’s largest credit unions. The post Colorado Banking Regulator Denies Community Bank Acquisition by Credit Union appeared first on ABA Banking Journal.

Colorado 64

Colorado Community Bank Community Regulation 64

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.

Community Bank 195

Community Bank Community Capital Analysis 195

American Banker

OCTOBER 20, 2023

The National Community Reinvestment Coalition and the American Bankers Association have sent dueling letters to the Federal Reserve over whether NCRC advocates pressured ABA member banks to denounce the ABA's litigation against the Consumer Financial Protection Bureau.

Community 83

Community Groups National Policies 83

CFPB Monitor

MARCH 11, 2019

While the agencies represented by the FFIEC will make any individual adjustments deemed necessary for their existing ROE guidance, financial institutions should be aware of the new format outlined in the Policy Statement which sets forth minimum expectations for what should be included in all ROEs.

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Policies Report Risk Management Resources 68

Abrigo

APRIL 10, 2017

Ancin commented that this is consistent with the trend he has seen with his clients either beginning to dip their toes into the MBL market, or other clients that are aggressively competing with community banks on commercial lending. Next, Ancin moved into a discussion of the current regulatory environment around MBL.

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Regulation United States Lending Community Bank 150

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

Finer Points

JULY 20, 2015

An equally troubling tendency perhaps even more familiar to community banks is the way governments often apply a cookie-cutter approach to their policies. Regulations are inherently rigid […]. We’re all familiar with how government spending tends to grow rather than shrink.

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Regulation Community Bank Policies Community 100

American Banker

OCTOBER 12, 2023

Unfair regulations must be challenged, and bankers are increasingly turning to lawsuits to do so, writes Ken Thomas, president of Community Development Fund Advisors.

Regulation 41

Regulation Community Policies Compliance 41

Independent Banker

AUGUST 31, 2021

Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory. How does your bank’s diversity and inclusion (D&I) compliance program compare with the regulatory standards for D&I policies and practices? By Mary Thorson-Wright. Legislative updates.

Community Bank 91

Community Bank Policies Community Regulation 91

PYMNTS

NOVEMBER 10, 2019

Kenya has joined the global community in terms of data protection standards,” Joe Mucheru, minister for information, technology and communication, told Reuters. Local firms including Kenya Airways , tourist hotels and phone-based lenders such as Safaricom will now have to comply with the new regulations.

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Regulation Data User Experience Training 109

American Banker

MARCH 21, 2024

The FDIC proposed a new policy to intensify scrutiny on U.S. bank mergers Thursday that emphasizes the resulting institutions' financial stability and ability to serve its community's needs.

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FDIC Policies Community Compliance 73

CFPB Monitor

SEPTEMBER 26, 2019

In this podcast, Diego Zuluaga, a Cato Institute policy analyst, joins us for a discussion of the CRA’s history, its effectiveness in increasing access to credit and addressing discrimination, the role of community groups, calls to expand CRA coverage to credit unions and fintech lenders, how regulators are approaching CRA reform, and creating (..)

Community 60

Community Policies Compliance Regulation 60

FICO

JANUARY 13, 2020

It is safe to say that Las Vegas casinos will not soon be taking bets on the occurrence of future finance policy developments. While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. Well, my finance policy picks are in and I am on record.

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Policies Las Vegas FDIC Washington 52

American Banker

DECEMBER 8, 2023

The Treasury Department's Community Development Financial Institutions Fund has introduced significant updates to the CDFI certification application, aiming to simplify the process and establish clearer standards for responsible lending and community development.

Community 45

Community Lending Policies Compliance 45

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

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.

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Lending Risk Management Community Management 221

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. The bill also gives regulators more discretion in deciding when to require stress tests of capital adequacy for banks with between $100 billion and $250 billion in assets in the event of another crisis,” according to a summary of the bill in MarketWatch. “Tom

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Regulation Regional Community Community Bank 100

CFPB Monitor

JANUARY 24, 2023

In a letter sent earlier this month, the Bank Policy Institute, the American Bankers Association and the Independent Community Bankers of America (the “trade groups”) have asked the FDIC for more time to comment on the agency’s proposal , published in the Federal Register on December 21, 2022, to update its existing regulations governing use and misuse (..)

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FDIC Groups America Policies 78