Remove 2017 Remove Community Bank Remove National Remove Regulation
article thumbnail

Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void.

article thumbnail

The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York Department of Financial Services settles enforcement action with community bank over auto dealer fair lending allegations

CFPB Monitor

As alleged in the Consent Order, Rhinebeck allowed auto dealers discretion to mark up borrower’s interest rates above the “Buy Rate” determined by the bank’s underwriting, which is the minimum rate at which the bank would agree to buy an installment contract originated by the dealer.

article thumbnail

GonzoBanker Awards 2017

Gonzobanker

One word can summarize this action-packed banking year, GonzoBankers – tiring. Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards.

article thumbnail

Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 months in the first half of 2017. ” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

Marketing 108
article thumbnail

Education: By Popular Demand

Independent Banker

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. Each certification course is designed to prepare bank professionals to handle essential tasks and responsibilities.

article thumbnail

Military Lending Act

Independent Banker

New Military Lending Act regulations kick in next fall. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. Transactions not covered by Regulation Z are excluded from coverage under the rule. By Mary Thorson Wright. Beginning Oct. 3, 2016, compliance date.

Lending 70