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.

Community Bank 131

Community Bank Community Fintech Lending 131

Perficient

MARCH 10, 2022

We’re one of Acquia’s first Certified Drupal Cloud Practices and a valued Acquia partner since 2017. Our engagements range from implementing Drupal websites and portals to strategizing personalization and customer journeys, including clients in regulated industries like healthcare and financial services.

Customer Experience 474

Customer Experience Innovation Regional Community 474

PYMNTS

DECEMBER 30, 2016

Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take. Today, 58 percent of SMBs already have international customers, while 72 percent plan to grow their international customer base by 2017.

Industry 125

Industry Trends Capital Payments 125

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

PYMNTS

MAY 30, 2018

Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017. In the 10 years following the financial crisis, the U.S.

Lending 115

Lending Community Bank Survey Community 115

Abrigo

JULY 29, 2021

do not see this as a serious risk to their financial institutions, especially at the community financial institution level. The Priorities emphasize this, and regulators will be expecting corruption to be part of an institution’s risk assessment. . See Part I: Implications for Community Financial Institutions. Be prepared.

United States 195

United States Training Community Policies 195

Gonzobanker

DECEMBER 19, 2017

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

Conference 91

Conference Industry Community Bank Community 91

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. billion over the corresponding period.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JANUARY 2, 2017

Today, we thought we’d set the table for 2017 by reprising seven of the, ahem, more controversial topics of conversation. OK, there were actually a lot more than seven, but here are seven that might help ground your thinking about the big shifts in 2017 that she spoke of a few weeks ago. . Walmart Vs. Amazon.

Millennials 119

Millennials Apple Retail Mobile 119

PYMNTS

FEBRUARY 13, 2019

Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the approval process faster to complete. 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

Community 148

Community Groups Policies Regulation 148

PYMNTS

AUGUST 14, 2017

The regulators in Europe piled a $2.7 I wrote a whole piece about this several weeks back, where I did a bit of my own piling onto the EU for the reality-challenged arguments behind the fine and its new regulations of Google. billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 Investors put $2.65

Innovation 109

Innovation Online Google Millennials 109

Jeff For Banks

APRIL 4, 2024

Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. Regulation and the Political Environment "Last month, the CFPB reported how banks have become more dependent on these fees to feed their profit model on checking accounts.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

CFPB Monitor

JANUARY 31, 2017

The Independent Community Bankers of America issued a statement calling on the Trump administration “to rein in the overzealous application of fair lending laws.” Requiring community banks to expand their market presence into neighboring counties would force them to alter their model and sound business practices.”

Community Bank 60

Community Bank Community Lending Minneapolis 60

PYMNTS

AUGUST 28, 2019

A whole new economy saturated with goods and services sold for cryptocurrency will be born,” the company said in 2017. Anyone trying to build this type of token system has to be careful on any number of levels with regulators,” said Richard Levin, an analyst who works in cryptocurrencies law. “I

cryptocurrency 188

cryptocurrency New York Regulation Community 188

PYMNTS

MARCH 9, 2020

million households were underbanked in 2017. At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. The bad news, however, is that it still means 8.4 Regional Banks, Credit Unions Compete. ”

Community Bank 188

Community Bank Community Innovation Regional 188

PYMNTS

AUGUST 7, 2019

The lawsuit was announced in June, when the SEC accused Kik of violating securities law for not registering its 2017 digital token. million, from the middle of 2016 to the middle of 2017. By using this method, Kik said, the coin can’t be classified as a security and doesn’t have to follow the same regulations.

Community 115

Community Security Survey Strategy 115

NCR

APRIL 6, 2017

Given the number of regulations they are required to follow when it comes to areas such as data protection – and the high consequences that security breaches can lead to – in past years, many banks may have felt that moving operations to cloud tools would have constituted too high a risk. In some ways this is understandable.

Tools 75

Tools Technology Operations Community Bank 75

PYMNTS

NOVEMBER 29, 2018

If nominated, the position would make Kraninger one of the most powerful banking regulators in the country. Kraninger does not have previous experience as a financial regulator. She went on to say that she would take aggressive action against organizations that break rules. “It

Regulation 116

Regulation Washington Compliance Community 116

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% Quinn: This settlement reflects a striking departure by DFS from the current approach of virtually every federal and state banking regulator and enforcement agency on fair lending cases involving dealer [markups].

New York 78

New York Lending Community Bank Community 78

PYMNTS

FEBRUARY 27, 2019

million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Meanwhile, the EC has extended the deadline to release its review of the effectiveness of the Interchange Fee Regulation (IFR), which came into effect in 2015.

Cards 176

Cards Retail Regulation Payments 176

Chris Skinner

JUNE 16, 2017

And unlike an IPO, there is little or no government regulation of an ICO. As of May 2017 there were currently around 20 offerings a month, and a new web browser Brave’s ICO generated about $35 million in under 30 seconds. “The first ICO was for Mastercoin in 2013. Ethereum raised money with an ICO in 2014.

cryptocurrency 408

cryptocurrency Bitcoin Community Regulation 408

Abrigo

FEBRUARY 2, 2020

Key Takeaways The global AML community has long seen the U.S. The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions.

United States 195

United States Regulation Delaware Policies 195

CFPB Monitor

SEPTEMBER 30, 2022

In July 2022, the Chamber, together with American Bankers Association, Consumer Bankers Association, and Independent Community Bankers of America, sent a letter to Director Chopra calling on the CFPB to rescind the update. The letter was accompanied by a white paper setting forth the legal basis for their position. . Supreme Court authority.

Groups 78

Groups Texas Regulation Compliance 78

PYMNTS

MAY 10, 2018

college students are going global — something seen from Ivy Leagues to community colleges. Some groups — like beneficial owners — are emerging less organically, and more at the behest of regulators who want to know who they are when it comes to account ownership. . based higher education institutions in 2017.

Groups 100

Groups Millennials Community Regulation 100

Independent Banker

OCTOBER 1, 2022

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. It’s a strategy that an increasing number of community banks are embracing.

Marketing 113

Marketing Compliance Community Community Bank 113

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 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M. Superintendent Maria T.

Online 100

Online New York Lending Regulation 100

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 ). Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. As of June 30, Louisa Community Bank had approximately $29.7 It had one branch with $27.1

Kentucky 140

Kentucky FDIC Ohio US 140

Abrigo

JUNE 13, 2022

More banks are reporting to APS, rising from 62% in 2017 to 81% in 2019 and 78% in 2021. The latest survey indicates that COVID-19 has impacted bank community engagement. However, banks continue their outreach to older customers, with 47% of respondents hosting community events. BSA Rules and Regulation. Cannabis Banking.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

MARCH 2, 2020

Prior to working with i2c, Khan was working with Mastercard as the vice president for government business development, where he focused on government relations and engagement in areas like policy and regulation. He fostered community relations and helped grow revenue.

Regional 132

Regional Apple Policies Compliance 132

PYMNTS

JUNE 29, 2018

million known samples then compared to only 400,000 in the fourth quarter of 2017. A new survey , conducted by Foley & Lardner , indicates that those in the crypto community want the industry to be regulated, Cryptovest reported. BITBOX will offer 30 cryptocurrencies and support more than a dozen different languages.

cryptocurrency 117

cryptocurrency Bitcoin Regulation Report 117

PYMNTS

OCTOBER 9, 2020

If you go on Twitter and use hashtag #shoppinggives, you'll see people sharing their impact and building a community of impact around the brands that are supporting them for an extra cost. The ShoppingGives platform, founded in 2017, has thrived during the pandemic. There is that feel-good moment when you make that purchase.

Retail 230

Retail Examples Regulation Resources 230

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. Treasury Department. The report arrives at a time of growing optimism for U.S.

Fintech 194

Fintech Security US United States 194

Jeff For Banks

AUGUST 14, 2022

OPC formally ended in 2017. Imagine the community bank that is experienced in lending to fuel oil businesses in or near its markets because it's comfortable using trucks, tanks, and oil inventory as collateral. But the bad taste lingered. Again, legal businesses that are politically out of favor. Not politicians or bureaucrats.

Operations 78

Operations Lending FDIC Industry 78

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. 14) @News_CUInsight – CUInsight is an independent source of news on the credit union community.

social media 150

social media Lending Community Community Bank 150

CFPB Monitor

DECEMBER 16, 2020

The CFPB should rescind the July 2020 rule that rescinded the underwriting provisions in its 2017 rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Payday Rule) and reinstate the 2017 Payday Rule. The DOJ, CFPB, and federal banking regulators should prioritize fair lending enforcement.

Policies 78

Policies Regulation Lending FDIC 78

William Mills

SEPTEMBER 12, 2017

William Mills Agency will be live blogging at FinovateFall 2017. Digital banking solutions for community banks and credit unions. PromonTech has a vision of a mortgage industry that is transparent, efficient and understandable for all: borrowers, lenders, regulators and investors. Check back for new updates throughout the day.

Samsung 69

Samsung Mobile User Experience Google 69