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Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. The result? The result? Worried about complying with the CFPB 1071 rule?

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Federal Reserve To Launch FedNow Instant Payments System 

PYMNTS

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. While the private service has a large part to play in this market, she noted, the Fed’s size, scale and long history in the U.S.

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Non-performing ag loans increase, says lender survey

Abrigo

Agricultural lenders are reporting increases in non-performing farms loans and decreased farmland values, according to the latest Agricultural Lender Survey conducted by the Kansas State University Department of Agricultural Economics. Lenders cited lower commodity prices, rising operating costs and the softening of cash rents.

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How to stress test your ag portfolio

Abrigo

The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest. The challenge is that market conditions in this type of lending tend to be volatile. Production costs 3.

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

As noted in this space by Karen Webster, the ban on the ban – where, now, in New York, surcharges are allowed when merchants post total prices for transactions – shows the inefficiencies of regulation that supersede card networks’ own rules governing merchant activities. population.

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ResTech’s Rising Prominence In Writing The Future Of The Industry

PYMNTS

Restaurateurs need technology that helps them quickly adapt — whether it’s pivoting business models, adhering to new regulations, or answering changing guest expectations for safety and convenience,” Steve Fredette , president and co-founder of Toast, said in a statement last Wednesday (Nov. Island Grill in Kansas City, Mo.,

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Agricultural Alert!

Independent Banker

Falling crop prices—exaggerated by weak currencies in many foreign markets—are expected to pressure U.S. Because real estate often collateralizes rural loans, diminishing land prices are a factor that regulators will ask community banks to keep monitoring. Ongoing concerns. Rural housing loans. At that time those fees rose from 2 to 2.75