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How National Banks Are Poaching Loans and Deposits

South State Correspondent

The CLO was lamenting how he was losing quality loans and deposits to three aggressive national banks in the territory. An example was a $1.95mm owner-occupied CRE loan, where the borrower had multiple operating accounts totaling almost $500k. Last week we spoke to a $1.2B community bank management team.

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OCC issues bank supervision operating plan for fiscal year 2024

CFPB Monitor

The Office of the Comptroller of the Currency’s (OCC) Committee on Bank Supervision (CBS) recently issued its annual Bank Supervision Operating Plan for FY 2024, which sets forth the OCC’s supervision priorities and objectives across CBS operating units.

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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Conclusion Community banks should not try to be national or regional banks.

National 195
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Mumbai Bus Operator To Test India’s National Transit Card

PYMNTS

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said.

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Cybersecurity Firm FireEye Hacked By Suspected Nation-State

PYMNTS

The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state. “We The company has cybersecurity clients across the national security space in the U.S., reports Reuters. “We

National 266
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55-Plus Group Lends Optimism To Travel Operators

PYMNTS

The paper cited positive data from a large swath of UK tour operators. Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020.

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Co-operative Bank Of Kenya Teams With Thunes On SMB Transfers

PYMNTS

To roll out an alternative international money transfer offering called Co-opRemit, the Co-operative Bank of Kenya has teamed with international payment provider Thunes , according to an announcement. “We Co-operative Bank of Kenya works with 8.8 Co-operative Bank of Kenya works with 8.8