CFPB Monitor

MARCH 30, 2020

This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent.

Management 195

Management Risk Management Trends Industry 195

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Clearly, community banks in the region have plenty of opportunities to do what they do best: forge deep and lasting relationships with their customers and communities. These include family-owned businesses, community businesses and operating companies.

Texas 182

Texas San Antonio Community Bank Community 182

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

Community Bank 71

Community Bank Community Apple National 71

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. One of these lenders, Clearinghouse Community Development Financial Institution , better known as Clearinghouse CDFI, offers an interesting view into the state of SME finance. A Regional Reach.

Regulation 100

Regulation Lending Community California 100

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. Stress testing allow banks and credit unions to examine the portfolio, concentrations and specific borrower relationships to identify risk and make more informed capital planning and lending strategy decisions based on their individual results.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

Independent Banker

FEBRUARY 24, 2016

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Community bank institutional investment portfolio managers have been put through their paces the past several years. Yet that is exactly what many community banks have accomplished.

Community Bank 70

Community Bank Community Texas Management 70

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. This article explores the risk and what to do about it.

Community Bank 195

Community Bank Community Los Angeles Regional 195

Jeff For Banks

DECEMBER 18, 2014

They are built as a relationship bank serving the Korean community in LA and surrounding areas. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. OTCQX: BNCC) BNCCORP, Inc., share at the end of 2010.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

CFPB Monitor

JANUARY 12, 2021

The Taskforce identified the following three “overarching principles” as animating its drafting of the report: Consumer protection policy should be particularly attentive to the consequences for inclusion and access by previously underserved communities. Key Taskforce recommendations include the following: Alternative data.

Report 78

Report Regulation Policies Compliance 78

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. National banks can custody crypto assets. Here it is.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. National banks can custody crypto assets. Here it is.

America 52

America Wyoming National Capital 52

Jeff For Banks

DECEMBER 19, 2015

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. Between 2008-11, the bank lost over $200 million, and its equity base was cut in half. OTCQX: CBCO) Coastal is the $439 million in assets holding company of CBC National Bank, headquartered in Fernandina Beach, Florida.

North Dakota 60

North Dakota Arizona Michigan Florida 60

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

Lex Sokolin

DECEMBER 25, 2019

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. If you withdraw your Ether, you get charged an interest rate determined by an open governance community. Other things like Compound are essentially a securities lending marketplace?

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

JULY 10, 2018

Today, Australian FIs are facing increased pressure from regulators, especially when it comes to small business banking and lending. In May, the nation’s Big Four lenders offered testimony as part of a Royal Commission inquiry into small business banking, and all four admitted to wrongdoings related to their SMB lending practices.

Fintech 106

Fintech Regulation Innovation Data 106

PYMNTS

MAY 5, 2017

Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin currency that it really took off. IBM and Sovrin have contributed the Hyperledger software and infrastructure to the open source community.

blockchain 110

blockchain Bitcoin Regulation Industry 110

Gonzobanker

DECEMBER 19, 2022

2008 called and wants its headlines back. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Goes to Sen. Dick Durbin and CFPB Director Rohit Copra.

Community 216

Community Fintech Industry Innovation 216

Jeff For Banks

APRIL 14, 2022

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. 2008 Richard P. The Courage to Act: A Memoir of a Crisis and Its Aftermath 2015 Peter L. Bernstein Bernstein, Peter L. Blinder Blinder, Alan S.

America 78

America National Denver United States 78

South State Correspondent

JUNE 13, 2022

Instantly, the cash flow for those businesses that many community banks lent to is impacted. That is a significant change in risk for a material part of a large community bank’s balance sheet. By mid-2008, that turned into a 50% discount and then a 70% discount. In this case, the expected loss changed by 30%.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

AUGUST 14, 2018

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. Most recently, Ohio capped off a 10-year regulatory project two weeks ago, with John Kasich’s signature on a new bill that will close loopholes in 2008 legislation to legally rein in short-term lenders.

Lending 100

Lending Ohio Regulation Industry 100

CB Insights

NOVEMBER 9, 2017

Indeed, co-founder Alejandro Resnik, the CEO, told the WSJ in 2015 that it was looking to raise a “monster round” of $300 million at a $2 billion valuation to fuel its national expansion. Select VC Investors: VantagePoint Capital Partners, Lend Lease Ventures. Company: Bling Nation. via TechCrunch. Company: AOptix Technologies.

Capital 78

Capital Company San Francisco Operations 78

CB Insights

OCTOBER 31, 2017

We are confident that to truly have the long-term impact we want to make, we need to focus on finding an acquirer with an existing national fresh food supply chain who can carry forward the Juicero mission. more than we, Kamil Kurmakaev and I, spent since the company’s inception in 2008 till August 2014. Product: Blin.gy App.

Company 78

Company US San Francisco Capital 78

Independent Banker

FEBRUARY 16, 2015

From opposite political directions, Senators Shelby and Brown stand on point to greatly influence community banking’s agenda in the next Congress. The mix of contrasts and similarities of Shelby’s and Brown’s perspectives and policymaking portend an active session for community banking’s agenda in the new 114th Congress. By Ed Avis.

Community Bank 70

Community Bank Alabama Ohio Community 70

CFPB Monitor

MAY 3, 2019

The tone and tenor of the hearing became readily apparently during opening remarks offered by Representative Gregory Meeks, in which he analogized small dollar lenders to “no document” mortgage lenders that caused the 2008 financial crisis because of a failure to assess ability to repay. (Mr. Payday Loan Rule) with 12 C.F.R.

Michigan 68

Michigan Policies Utah Lending 68