Bank Innovation

SEPTEMBER 21, 2017

“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today.

Fintech 249

Fintech Guidelines Capital Marketing 249

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

CFPB Monitor

APRIL 29, 2015

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60

Lending Report Policies Compliance 60

CFPB Monitor

JULY 6, 2021

Fair lending. In several examinations that identified such errors, the root causes were deficiencies in the institutions’ compliance management systems. Payday lending. CFPB examiners found widespread errors within 2018 HMDA loan application registers of several financial institutions. Student loan servicing.

Lending 78

Lending Report Regulation Analysis 78

CB Insights

OCTOBER 21, 2018

The market map below categorizes the Fintech 250 companies based on core area of focus. Top Exits through IPO: ZhongAn Insurance IPO in Q3’17 ($11B market cap at end of first day of trading). market cap and today has a market cap of $20B+. Business Lending & Financing. General Lending & Marketplaces.

Fintech 78

Fintech Lending Capital Analytics 78

FICO

MARCH 17, 2022

Mibanco, the largest microfinance bank in both Peru and Latin America, has used FICO Platform’s Decisions Capability to boost its lending capacity and respond quickly to changing market conditions during the pandemic. This meant when any lending changes were needed, software development within the core was required. “It

Policies 52

Policies Lending Case Study Guidelines 52

PYMNTS

SEPTEMBER 25, 2020

However, in PYMNTS’ own coverage, the twin external forces of market pressures and regulatory scrutiny are making financial institutions (FIs) retool and bolster their anti-money laundering (AML) efforts. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread.

Maine 153

Maine social media Atlanta Massachusetts 153

Long Lasting Ideas

AUGUST 7, 2014

In the past it was easier to manage social media use by restricting access to sites on company systems, but smart phones and the acceptance of using social media in marketing communications has changed the landscape. IBM Social Computing Guidelines. 8 Steps to Create Your Social Media Policy. Visible Banking List. use of disclaimers.

social media 69

social media Policies How To Handbook 69

Gonzobanker

JUNE 10, 2020

While the process and/or guidelines for loan forgiveness are not well defined, the basic criteria under which the loans were extended is unchanged in these areas: Eligible loan amount not to exceed 2.5x The percentages below are based on the initial guidelines and serve as one example of how the deposit thresholds could be calculated.

Guidelines 78

Guidelines Meeting Lending Payments 78

PYMNTS

JUNE 27, 2016

3. Multi-level marketing: $32 billion. The regulations were vague, and were more like guidelines. However, banks also layered on an additional approach where they implemented monitoring technology that allowed bank compliance teams to satisfy their AML programs,” he said. 1. Payday loans: $46 billion.

Regulation 101

Regulation Guidelines Risk Management Operations 101

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Since the passing of this model money transmitter act, many states have introduced or fully adopted these standardized guidelines. One set of requirements will reduce the regulatory burden and compliance costs.

Compliance 195

Compliance Fraud Regulation Guidelines 195

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” In that statement, the agencies indicated that they were “working on future guidance and lending principles for responsible small-dollar loans.”.

FDIC 78

FDIC Policies Lending Guidelines 78

Jeff For Banks

MARCH 29, 2014

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers. We believe we can effectively compete as a community bank in our market area and the niche markets we serve. We focus our marketing efforts in three areas. Prosperity Bancshares, Inc.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

PYMNTS

NOVEMBER 8, 2017

More than just being compliant, we wanted to know what problems regulators were facing, beyond compliance, and whether what we were building could provide more visibility and better tools for an industry that was very antiquated.” . Particularly, he notes, because they so strictly adhere to that guideline. “I

Retail 101

Retail Regulation Compliance Massachusetts 101

FICO

AUGUST 27, 2018

regulators to develop a system similar to a regulatory sandbox, establishing a national data security and breach notification standard and calling for the rescission of the Bureau of Consumer Financial Protection (BCFP) payday/small dollar lending rule. Below, I highlight a few items in the report that may have gone under the radar.

Policies 49

Policies US Fintech DC 49

Independent Banker

OCTOBER 1, 2022

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. decided to take a close look at that market. “We By Judith Sears.

Marketing 113

Marketing Compliance Community Community Bank 113

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60

FICO

JANUARY 5, 2023

The Consumer Financial Protection Bureau (CFPB) has indicated it will publish rules , not guidelines, aimed at strengthening consumers’ control over and providing portability of their financial account data, sometime in 2023. There Will be Changes in the BNPL Market, but Major Regulatory Action Is at Least a Year Away.

Policies 52

Policies Company Regulation Risk Management 52

PYMNTS

JANUARY 24, 2017

04 percent by the close of the market. As of last week, they dropped a report that essentially accused the CFPB of violating the Administrative Procedure Act when handing down guidelines for the auto lending industry. “We are pleased to resolve these matters,” said Mark Rodgers, director of Citi public affairs.

Course 100

Course Report Guidelines Washington 100

Independent Banker

FEBRUARY 16, 2015

Community banking priorities of reducing regulatory burden and institutionalizing tiered regulation, as well as addressing the risks and market distortions created by too-big-to-fail institutions are likely to rank high on Shelby’s and Brown’s legislative goals for the new Congress. “In He’s a free-market conservative,” Lynch says.

Community Bank 70

Community Bank Alabama Ohio Community 70

FICO

JANUARY 9, 2017

Last fall, I suspect that most regulatory compliance professionals in the U.S. consumer lending market anticipated 2017 would be more of the same. Led by the CFPB, federal agencies have aggressively used the disparate impact legal doctrine in the lending arena. Everything changed on November 8. You are not alone.

Regulation 40

Regulation Lending New York Leadership 40