Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. Transactions not covered by Regulation Z are excluded from coverage under the rule. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. from 2016 until its sale in 2018. By Katie Kuehner-Hebert. Name: Locality Bank.

Florida 91

Florida Community Bank Community FDIC 91

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

PYMNTS

JUNE 17, 2019

However, reports noted that the companies ultimately decided against pursuing a national charter, fearing that doing so might jeopardize their relationships with state-level regulators, particularly in the context of state lawsuits filed against the OCC over its authority to create such a national-level bank charter.

Google 142

Google National Fintech Regulation 142

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., Periu, who served as global co-head of Capital Markets at Funding Circle, launched NepFin in late 2016 alongside Co-Founder Thomas Meister, former senior counsel at Funding Circle too. This is about augmentation,” he said.

Lending 101

Lending Marketing Analytics Capital 101

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. The Economic Growth, Regulatory Relief and Consumer Protection Act loosened some of the regulations on small financial institutions, including community banks whose customers included many small businesses.

Lending 115

Lending Community Bank Survey Community 115

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. February 2016. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. ” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

FEBRUARY 5, 2019

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. Instead of potentially paying higher fees over a longer period of time, consumers just have bills they can’t pay.

Washington 178

Washington Kansas City Lending Kansas 178

CFPB Monitor

MARCH 30, 2016

As we have addressed , Congress passed the Helping Expand Lending Practices in Rural Communities Act of 2015 (HELP Act) on December 4, 2015, in efforts to expand the designation of additional areas as being “rural” under Regulation Z of TILA. The CFPB issued its first rule to the implement the HELP Act on March 3, 2016.

Lending 60

Lending Regulation Operations Community 60

Independent Banker

FEBRUARY 24, 2016

Regulators warn once again about rising CRE concentrations and risks. Just about every community bank makes commercial real estate loans. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Responsible lending.

Community Bank 70

Community Bank Lending Community Regulation 70

Independent Banker

JANUARY 28, 2016

Anticipating safety and soundness exam issues in 2016. As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. What should community banks anticipate here?

Community Bank 70

Community Bank Community Regulation Lending 70

PYMNTS

JUNE 24, 2016

Online lending . When the regulators come marching in, getting out of the way is usually a better idea. And that, says the industry, is bad news, as costs of compliance with stricter regulation could be coming at exactly the moment these firms can’t take on any new costs. . A pretty clear-cut sizzle. The fizzle wears on.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

MAY 28, 2018

Yes, the General Data Protection Regulation took the spotlight, debuting in Europe, as had been long anticipated, on May 25. As previously reported, regulators have said they are not ready to enforce GDPR. It wasn’t all about GDPR. Well, a lot of it was.

Regulation 101

Regulation Data Survey Online 101

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

FEBRUARY 24, 2016

As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Several trends have arisen that are likely to continue shaping the commercial lending market. Here are five commercial lending trends from some of the industry’s top commercial lenders.

Trends 79

Trends Community Bank Lending Community 79

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

AUGUST 12, 2019

It is easy to wag a finger at consumers not price-shopping their car loans, mortgages or personal loans carefully, Lulic said — but only if one overlooks the fact that comparison shopping lending products is not nearly as easy as comparing consumer goods. All of our reviews are based on community votes to recommend or not recommend.

Lending 176

Lending Community Data Maine 176

CFPB Monitor

MAY 18, 2016

In his April 2016 appearance before the Senate Banking Committee, Director Cordray made clear that FinTech companies are on the CFPB’s radar screen. On June 23, 2016, the OCC will hold a forum in Washington, D.C. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

Innovation 68

Innovation Washington Risk Management Fintech 68

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

CFPB Monitor

JULY 27, 2016

On June 29, 2016, BancorpSouth Bank announced a proposed settlement and consent order with the CFPB and the U.S. Under the consent order, the Bank agreed to engage a third-party compliance management system consultant to assist in the review and revision of its fair lending management system. ”

Memphis 60

Memphis Policies Lending Compliance 60

CFPB Monitor

DECEMBER 14, 2021

The Bureau also continues to prioritize work that promotes racial and economic equity and supports underserved, vulnerable and marginalized communities by, among other things, facilitating access to fair and affordable credit. The FIRREA amendments require implementing regulations for quality control standards for automated valuation models.

Lending 78

Lending FDIC Regulation Data 78

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. By Denise Logeland. And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

Jeff For Banks

NOVEMBER 9, 2018

According to an appropriately snarky Gonzo Banker post by Scott Hodgins, Wells' blunders are epic: September 2016 - Disclosed that they created two million bogus accounts without customer consent to hit the bank's "eight is great" cross-sell targets. September 2016 - Wrongfully repossessed service members' cars. Nationwide network?

New Jersey 60

New Jersey Compliance Community Meeting 60

Gonzobanker

OCTOBER 24, 2018

Name the rule, reg or newly formed regulator, and the common bond is that they were all born out of bankers not policing their own industry. If bankers still feel a “family” affinity to Wells, let’s look at a timeline since 2016 well documented by Yahoo! Dodd-Frank. Admittedly, it is a way to keep the branch staff busy.)

San Francisco 143

San Francisco Industry America Compliance 143

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. 69% of small business owners are optimistic about the year ahead , found Chase for Business in its 2016 Business Leaders Outlook report. Dive into the data below to make up your own mind. .

America 100

America National Capital Survey 100

American Banker

DECEMBER 23, 2016

The similarities between the mortgage crisis and subprime auto lending in 2016 are all too obvious, with constrained cash flows, defaults and investor losses all likely.

Lending 28

Lending Community Bank Community Strategy 28

Independent Banker

DECEMBER 28, 2015

The Office of the Comptroller of the Currency published its supervisory priority objectives for midsize and community banks for 2016. The OCC plans to make a priority of assessing changes to business models and strategies of community banks. Highlighting some agency supervisory priorities for the upcoming year. By Tim Cook.

Community Bank 70

Community Bank Compliance Community Lending 70

CFPB Monitor

FEBRUARY 23, 2016

As we previously addressed , the CFPB issued a final rule to expand the definition of “rural areas” under Regulation Z with regard to the authority of small creditors to make certain qualified mortgage loans under the ability to repay rule and avoid the escrow account requirement for certain higher priced mortgage loans. 1813(r)); and. (6)

Community 60

Community Lending Meeting Regulation 60

Independent Banker

SEPTEMBER 22, 2015

Avoiding potential lending hazards from regulatory flood-insurance requirements. In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas.

Regulation 70

Regulation Policies Community Bank Taxes 70

Independent Banker

JULY 28, 2016

Through guidance, each of the federal bank regulators prescribes a Compliance Management System (CMS) as the framework for an effective compliance solution. To make the CMS framework effective, every community bank needs to customize it in the context of its profile and performance. What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

PYMNTS

JUNE 27, 2017

JB: We’re based in San Diego, a city that not only has a vibrant and fast-paced software and technology community, but also so many great outdoor activities and attractions. billion in 2016, according to Javelin. In 2016, more than 31 million Americans accessed the internet solely through their smartphones.

Innovation 145

Innovation System Mobile Trends 145

Gonzobanker

JANUARY 4, 2016

There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own. Today, bank executives are struggling to stay current in an industry growing ever-more complex with increased regulation, changing customer expectations and digital disruption.

San Diego 60

San Diego Phoenix social media Strategy 60

American Banker

JUNE 27, 2016

Perhaps you read on vacation to escape the financial services grind, or perhaps you read to hone your business craft. Numerous titles on this year's list — recommended by American Banker readers, BankThink contributors, our staff and others — fall somewhere in between. Read about the lives of figures like Elon Musk or Barney Frank.

How To 44

How To Management Community Bank Regional 44