Gonzobanker

JANUARY 17, 2020

So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1. We are entering the “tech decade” in banking. In the years 2010-2020, new tech adoption transformed customer expectations.

Customer Experience 128

Customer Experience Fintech Regional Cards 128

Gonzobanker

AUGUST 22, 2014

At the same time, the pace of new bank charters has dwindled to near non-existence. For decades and decades, dozens, if not hundreds, of bank charters were issued each year. Between the end of 2010 and 2013, one new bank opened in the United States. . Total number of banks $1 - $50B in assets 554 553 642.

Strategy 87

Strategy United States Community New York City 87

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. Instead, remember that if your institution’s process is reasonable, defensible, and based on accurate and available data , compliance will not be an issue.

Policies 195

Policies Data Examples Lending 195

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. Lucci said the entities required to collect more data will include more than just banks and credit unions.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

Risk Management 60

Risk Management Compliance Survey Cards 60

CB Insights

MAY 15, 2019

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Founded: 2010. Founded: 2010. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking.

Innovation 78

Innovation blockchain Technology Groups 78

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Since at least 2010, Daedong Credit Banks processed transactions that were worth millions in US dollars for DPRK companies involved in nuclear and missile programs. Since the U.S.

National 195

National Training United States Regulation 195

Independent Banker

FEBRUARY 16, 2015

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.) So I would say he’s open to things we are concerned about.”.

Community Bank 70

Community Bank Alabama Ohio Community 70

CFPB Monitor

JULY 5, 2022

In both examinations, examiners concluded that the bank had not engaged in redlining. The Compliance Risk Policy Division should use this information to analyze its screening and selection processes on an going basis to ensure an appropriate balance between efficiency and effectiveness.

Lending 78

Lending Report Policies Handbook 78