Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

Community Bank 196

Community Bank Community National Fresno 196

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 114

Policies Taxes Maine National 114

South State Correspondent

DECEMBER 13, 2023

Most market participants are focused on just one monetary policy tool available to the Fed – short-term, federal funds rates. Quantitative Tightening The Fed engaged in QE (buying Treasuries and mortgage-backed securities) in response to the great financial crises and then escalated this policy tool during the pandemic.

Community Bank 195

Community Bank Community Policies Tools 195

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.

Training 259

Training Community Software Texas 259

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. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. SonarQube Security Scan Result.

Compliance 332

Compliance Security Software System 332

Abrigo

SEPTEMBER 25, 2023

The SAFER Banking Act could allow financial institutions to profitably bank CRBs Legislation in the Senate could bridge the gap between federal and state marijuana policies for banks. In addition, reputational risk is a factor in many conservative communities. Learn the legislation's history and how it benefits financial institutions.

Puerto Rico 243

Puerto Rico Virgin Islands Guam United States 243

Abrigo

JULY 29, 2021

Political Corruption: A Greatly Needed FinCEN Priority Among FinCEN's first list of key priorities for AML/CFT policy is to thwart political corruption. Takeaway 3 Addressing the risk and the mitigating factors of political corruption should be part of one’s risk assessment and written BSA/AML Policy. In the 1970s, the U.S.

United States 195

United States Training Community Policies 195

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

Abrigo

SEPTEMBER 25, 2023

The SAFER Banking Act could allow financial institutions to profitably bank MRBs Legislation that could bridge the gap between federal and state marijuana policies for banks is on the move. Learn its history and how it benefits financial institutions.

Puerto Rico 195

Puerto Rico Virgin Islands Guam United States 195

Perficient

FEBRUARY 15, 2024

Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community. Perficient’s CoE guidance underscores the significance of aligning with regulatory requirements to uphold the integrity and security of New York’s financial ecosystem.

Compliance 221

Compliance New York Regulation Analysis 221

PYMNTS

FEBRUARY 3, 2020

The city of tomorrow ought to be a community that will never be completed, but will always be introducing and testing and demonstrating new materials and systems,” Page noted at an industry event in 2019. “A If you don’t cover security from the very beginning, then it becomes very difficult to protect it,” said Cerrudo.

Security 237

Security Baltimore Atlanta Portland 237

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. Information security program and information systems.

Community Bank 78

Community Bank Community Fintech Company 78

FICO

JANUARY 5, 2023

Policy Predictions for Financial Services Companies. I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. Four 2023 U.S. FICO Admin. Tue, 07/02/2019 - 02:45. by Daniel Nestel. VP, Government Relations.

Policies 52

Policies Company Regulation Risk Management 52

CFPB Monitor

NOVEMBER 22, 2022

Department of Housing Urban Development (HUD) recently issued a final rule permitting the use of private flood insurance policies with FHA-insured mortgage loans. Prior to the HUD final rule, HUD only accepted flood insurance policies issued under the National Flood Insurance Program (NFIP).

Policies 148

Policies Meeting Exercises Regulation 148

Ublocal

APRIL 6, 2023

Some local issues affecting food security include: Gaps in Assistance: Public assistance often doesn’t cover all food-related needs, especially in our region. Health Issues and Disabilities: Nearly 20% of households with a member who was not in the labor force due to disability had very low food security.

New Hampshire 52

New Hampshire Vermont Community Regional 52

Independent Banker

OCTOBER 1, 2022

Community banks are at a critical juncture when it comes to cybersecurity. With cybercrime becoming increasingly complex and sophisticated, community banks must remain vigilant and monitor and manage their critical infrastructure. Network security monitoring. By Charles Potts, ICBA. Training employees and customers.

Innovation 139

Innovation Community Bank Training Community 139

Perficient

FEBRUARY 15, 2024

We recommend that impacted organizations prioritize the following actions as part of a holistic approach to the regulation: Risk Assessments: Conduct comprehensive risk assessments, comparing existing processes, policies, and standards to industry benchmarks while identifying emerging risks and potential gaps.

New York 221

New York Compliance Regulation Analysis 221

Independent Banker

OCTOBER 1, 2022

AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. Cyber insurance products vary depending on the carrier and how an individual policy is structured, but most companies offer first-party coverage and third-party liability coverage.

Montana 152

Montana Policies Resources FDIC 152

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. For example, form letters often filter information from core systems, automatically assigning “Mrs./Mr./Miss”

Compliance 195

Compliance Community Training System 195

PYMNTS

SEPTEMBER 20, 2020

national security, foreign policy and the economy. WeChat is effectively the only means of communication for many in the community, not only because China bans other apps, but also because Chinese speakers with limited English proficiency have no options other than WeChat,” she wrote in the 22-page order. told the WSJ.

San Francisco 257

San Francisco social media National Security 257

MyBankTracker

NOVEMBER 12, 2020

You’ll have to buy an H06 policy or condo insurance. What Is an H06 Insurance Policy? HOAs are required to have a master policy. And as a property owner in the community, your condo dues help fund this policy. Condo insurance is different from a typical homeowner’s insurance policy.

Policies 52

Policies How To Taxes Community 52

Perficient

MARCH 4, 2021

In order to do this, program definition activities should include: Developing overarching tools, processes, and communications for the overall program. Planning a PowerApps champion community. You do this by: Securing your tenant. Setting up data loss prevention policies. Setting up Scrum tools and processes.

How To 553

How To Training Tools Policies 553

Abrigo

MAY 22, 2024

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e.,

Lending 195

Lending St. Louis Community Marketing 195

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

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. The road to modernizing the Community Reinvestment Act will include some speed bumps. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA).

Policies 52

Policies Las Vegas FDIC Washington 52

PopularBank

JUNE 23, 2022

At Popular Association Banking, we are happy to see many community associations being proactive with their contingency planning and setting aside money for repairs, replacement reserves and emergency funds, but it is critical that those plans are kept current. For community associations, preparedness is key.

Community 52

Community Florida Miami Examples 52

Abrigo

APRIL 22, 2024

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e.,

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

APRIL 23, 2020

The “Planning with Confidence in the COVID-19 Era” report is based on input from institutions, global student communities and industry affiliations with insights to help contend with the economic obstacles that COVID-19 presents. The report also found that policies that are clearly defined will fuel enrollment.

Guidelines 130

Guidelines Policies Community Study 130

Abrigo

MAY 8, 2024

The American Banker/Arizent survey found that nearly three-quarters (72%) of community banks (those below $10 billion in assets) and 54% of credit unions reported they either have no plans to use generative AI or are still learning and collecting information on the technology.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

JULY 10, 2023

Here are several suggestions for tightening security. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. 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

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.

Training 221

Training Compliance Fraud Policies 221

Finer Points

OCTOBER 26, 2015

It was structured by our founders to ensure collective participation in shaping government policy, and sometimes that allows certain factions to disrupt the legislative process purely for their own self-interest. Such is the case with the retail industry sidelining the debate over data security by resuscitating tired and largely […].

Security 100

Security Retail Data Policies 100

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Regularly reviewing and improving policies and procedures is essential to stay one step ahead of emerging threats. billion in fraud losses in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

CFPB Monitor

OCTOBER 4, 2022

As of 2021, Lakeland’s Community Reinvestment Act (CRA) assessment area included majority-white areas of Essex, Somerset, and Union counties and excluded the portions of those counties that contain majority-Black and Hispanic neighborhoods.

New Jersey 147

New Jersey Lending Community National 147

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

Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes. are now contactless.

Trends 144

Trends Payments Community Bank Community 144

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227