PYMNTS

JANUARY 9, 2018

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. INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

Independent Banker

MARCH 31, 2022

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.

Community Bank 239

Community Bank Community Industry Texas 239

Independent Banker

MARCH 31, 2022

This Community Banking Month, I invite you to try something new to spread your story. Share a new development, community project or initiative. As community bankers, we know relationships matter. Or look at our new chairman’s bank, Community Spirit Bank in Red Bay, Ala. Photo by Chris Williams.

Oklahoma City 161

Oklahoma City social media Memphis Community 161

CFPB Monitor

NOVEMBER 11, 2020

The National Association for Latino Community Asset Builders, represented by Public Citizen and the Center for Responsible Lending, filed a lawsuit against the CFPB in D.C. The 2020 Rule left the 2017 Rule’s payment provisions in place. As noted above, the 2020 Rule left the 2017 Rule’s payments provisions unchanged.

Groups 78

Groups Community Texas Lending 78

Gonzobanker

DECEMBER 19, 2017

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. Malls, retail stores and even some bank branch closings proliferated in 2017. Payments chaos.

Conference 91

Conference Industry Community Bank Community 91

CFPB Monitor

MAY 19, 2021

The lawsuit seeks to overturn the CFPB’s July 2020 final rule (2020 Rule) that eliminated the ATR provisions but left in place the 2017 Rule’s payments provisions. The CFSA intervened in the lawsuit. The CFPB and CFSA have filed replies in support of their motions to dismiss. The filing of the replies closes the briefing on the motions.

Texas 78

Texas Training Resources Community 78

South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. The Fed will surpass the total of the entire 2017-2019 balance sheet tightening by early 2023.

Community Bank 195

Community Bank Community Industry Online 195

PYMNTS

APRIL 14, 2020

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.

Regional 181

Regional Community Bank America Community 181

Abrigo

JULY 29, 2021

For this reason, FinCEN included this as a priority and a core national security concern for the United States. do not see this as a serious risk to their financial institutions, especially at the community financial institution level. See Part I: Implications for Community Financial Institutions. Be prepared. Take action.

United States 195

United States Training Community Policies 195

CFPB Monitor

MARCH 29, 2021

The CFPB has filed a motion to dismiss the federal district court lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). This language is much more in keeping with the philosophy of the 2017 Rule than the 2020 Rule.

Lending 78

Lending Industry Marketing Community 78

PYMNTS

DECEMBER 23, 2019

Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the communities they serve, according to a report from Bloomberg. More than 1,500 bank branches shuttered between 2012 and 2017, according to a recent Federal Reserve report.

South Carolina 131

South Carolina Report US Georgia 131

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Louisa Community Bank of Louisa, Kentucky also shuttered on Oct.

Kentucky 140

Kentucky FDIC Ohio US 140

PYMNTS

FEBRUARY 13, 2019

According to The Wall Street Journal ( WSJ ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 months in the first half of 2017, and seven months in 2015. Another issue is that community input doesn’t seem to carry much weight anymore.

Community 148

Community Groups Policies Regulation 148

PYMNTS

OCTOBER 13, 2020

The rebranding initiatives in a number of instances are bringing about a rise in crypto prices last observed in at the height of 2017’s bitcoin bubble. In theory, DeFi apps are meant to allow individuals to borrow, loan, get insurance or exchange amongst themselves sans middlemen. 13) statement posted on the U.S.

Bitcoin 196

Bitcoin Cyber Security Groups Community 196

PYMNTS

FEBRUARY 19, 2019

months in the first half of 2017. ” 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. He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JULY 16, 2019

The bank also recently announced an initiative to help local communities. KeyCorp’s stock had been performing well up to Monday (July 15), when it was up 19 percent. KeyBank’s five-year, $16.5

Fraud 142

Fraud Cleveland Indiana Community 142

PYMNTS

JANUARY 12, 2020

Bush as the SBA’s deputy administrator, and was supported by the business community to head the SBA as its chief. Treasurer since 2017, Carranza was an advisor to Treasury Secretary Steve Mnuchin. Carranza served under President George W. In her role as U.S. Prior to the vote on Jan. Prior to the vote on Jan.

Leadership 134

Leadership Taxes National Community 134

PYMNTS

JANUARY 5, 2018

In February of 2017, Zuckerberg shared a five-part strategy in a public letter, in which he maintained that that “progress now requires humanity coming together not just as cities or nations, but also as a global community.”

cryptocurrency 149

cryptocurrency social media Community Strategy 149

PYMNTS

APRIL 7, 2020

When our small businesses suffer, our nation suffers, so it is incumbent upon all to ensure that we’re supporting the businesses who are the lifeblood of our economy and pillars of our communities,” said Mastercard President Michael Miebach in the release. “We Mastercard said it will also provide U.S.

New York 167

New York Community Tools Maine 167

PYMNTS

JANUARY 10, 2020

“These market closures have an effect not just on riders, but on our whole Lime community. He added that the company is “hopeful we can reintroduce Lime back into these communities when the time is right.”. The Silicon Valley transportation startup was founded in 2017 as LimeBike, rolling out with 500 bicycles in Seattle.

San Antonio 132

San Antonio San Diego Marketing Phoenix 132

PYMNTS

JULY 28, 2017

CO-OP Financial Services , in partnership with school supply company Yoobi , recently announced news it is offering credit unions the chance to receive a shipment of backpacks, school supplies and financial literacy resources to help children in their local communities. Any credit union can participate, regardless of affiliation with CO-OP.

Community 100

Community National Resources Innovation 100

CFPB Monitor

OCTOBER 25, 2022

Between January 1, 2017 and December 15, 2020, it was Rhinebeck’s general policy to allow dealer markups ranging from 1.5% Rhinebeck is correct that the installment contracts analyzed by DFS in the action did not contain information on the race or national origin of borrowers.

New York 78

New York Lending Community Bank Community 78

PYMNTS

APRIL 15, 2020

and United Nations sanctions, the agencies wrote in the alert. . “It It is vital for the international community, network defenders, and the public to stay vigilant and to work together to mitigate the cyber threat posed by North Korea,” the agencies wrote. . An August 2019 U.N.

US 142

US United States ATM Analysis 142

Abrigo

JUNE 10, 2019

It is an international United Nations observance day that is commemorated by most countries around the globe on June 15. The National Adult Protective Services Association defines EFE as when a person misuses or takes the assets of a vulnerable adult for his/her own personal benefit. billion reported by financial institutions.

Fraud 150

Fraud Training National United States 150

PYMNTS

MARCH 3, 2019

Last year, Canada became the second nation in the world, after Uruguay, to legalize recreational cannabis use after Prime Minister Justin Trudeau said prohibition wasn’t working and instead provided illegal money to gangs, while allowing for unchecked use by the country’s youth. But cannabis ETFs have seen their share of ups and downs.

Community 152

Community National Examples Management 152

PYMNTS

MAY 22, 2019

The press release also pointed to March 2017 research that revealed 82 percent of business failures can be attributed to poor cash flow management skills, or a poor understanding of how to manage cash flow. .

Resources 100

Resources Analytics Risk Management Community 100

PYMNTS

DECEMBER 4, 2018

driven by economic strength, government policy and continued efforts among the financial technology (FinTech) and financial services (FinServ) communities to introduce new tools for entrepreneurs — to make running their businesses easier, more efficient and more profitable. In a survey of 1,000 small business owners in the U.S.,

America 125

America social media National Policies 125

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. Too Early To Tell.

Taxes 122

Taxes Lending National New York 122

PYMNTS

MARCH 12, 2020

Offering additional non-postal products and services at USPS retail facilities could provide consumer, government or community benefits, but viability may be limited,” the report states. According to The Post Office , its financial services generated €205 million in 2017 and €215 million in 2018. billion in net revenue in 2017.

Retail 169

Retail US Survey Examples 169

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. After testing three ICBMs in 2017 they claimed the capability to reach the continental United States with a nuclear warhead. See Part I: Implications for Community Financial Institutions.

National 195

National Training United States Regulation 195

PYMNTS

FEBRUARY 16, 2018

Two Russian nationals have been handed prison sentences for their roles in hacking corporates and financial institutions (FIs) in the U.S., District Judge Jerome Simandle in Camden, New Jersey, follow reports released earlier this week that hackers stole more than $17 million from Russian banks in 2017. Bloomberg reported this week.

New Jersey 101

New Jersey Fraud Survey Cards 101

CFPB Monitor

JANUARY 19, 2022

federal district court has granted the motions filed by the CFPB and the Consumer Financial Services Association (CFSA) to dismiss the lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). (The The CFSA had intervened in the lawsuit.)

Resources 78

Resources Compliance Lending Industry 78

PYMNTS

APRIL 29, 2019

“Most of the decline [in optimism] was concentrated in assessments of current conditions in the national economy, but future economic prospects remain at the same level as last quarter,” explained University of Michigan Institute for Social Research’s Associate Professor Dr. .” Beyond the U.S., Beyond the U.S. ,

Lending 168

Lending Michigan Community National 168

PYMNTS

MARCH 7, 2019

Reports in 2017 noted that the DoD’s updated National Defense Authorization Act included the ability for the government entity to procure “commercially available, off-the-shelf items” from online marketplaces, with analysts noting that the language could be particularly good for Amazon to facilitate eProcurement for the DoD.

National 190

National Security Operations Strategy 190

Jeff For Banks

DECEMBER 12, 2017

The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. billion in assets commercially focused community bank based in southern New Jersey, serving Philadelphia and its suburbs.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

CFPB Monitor

JULY 9, 2020

Over the past six weeks, opposition to the OCC’s Community Reinvestment Act (“CRA”) final rule has hardened on two fronts. The plaintiffs also argue that the new rule would dilute bank investment in low- and moderate-income communities in ways that are “contrary to the letter and spirit” of the CRA.

Groups 140

Groups Community FDIC California 140

William Mills

MARCH 30, 2017

This year’s Retail Banking conference took place at the Trump National Doral in Miami March 22-24. Thursday’s keynote featured Mary Mack, head of community banking from Wells Fargo. Banking on P2P: Zelle 2017 was another noteworthy session. Overall, Retail Banking 2017 was full of innovation, technology, and networking.

Retail 40

Retail Conference Miami Strategy 40