PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector. For Bank of Jinzhou, that means $1.2

Regional 100

Regional Community Bank Community Policies 100

PYMNTS

APRIL 30, 2018

Marketplace lending. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 growing to $1.1 billion in 2018 growing to $1.1 Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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. By Stephanie Vozza. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

CFPB Monitor

JULY 10, 2020

Since April 2018, he has served as CFPB Policy Associate Director for Research, Markets, and Regulations since April 2018. She joined the Bureau in 2012 and has over 20 years of experience, having worked in consumer advocacy, community and economic development and on Capitol Hill.

Policies 78

Policies Lending Community National 78

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

OCTOBER 18, 2018

On October 17, the Bureau released its Fall 2018 Rulemaking Agenda , but it included a surprise for those interested in fair lending. One possibility would be to remove the “effects test” language from Regulation B (§ 1002.6(a)) But what direction might such a rulemaking take?

Leadership 74

Leadership Lending Regulation Community 74

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. and CDD will be top of regulators' minds for some time.

Resources 195

Resources Texas Analysis System 195

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. That cost Wells an initial $185 million in fines and another $142 million in a class action suit, followed in May 2018 with another $480 million in settlements for related securities fraud.

San Francisco 150

San Francisco Industry America Compliance 150

Independent Banker

DECEMBER 13, 2015

Community banks face yet another set of regulatory requirements with the recently revised Regulation C reporting rule implementing the Home Mortgage Disclosure Act. The final rule greatly expands data-collection and reporting requirements, compounding existing regulatory and paperwork burdens that restrict lending by community banks.

Community Bank 70

Community Bank Community Resources Regulation 70

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said Summit Community ran into that issue.

West Virginia 195

West Virginia Virginia Data Community 195

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. That help is forthcoming, as in the case of the Central Bank of Ireland , which is changing regulations to favor more CU lending with higher limits. The Rochdale Society of Equitable Pioneers. The Shore Porters Society.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

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

PYMNTS

MARCH 15, 2019

The move, which is seen as a setback for Maduro ’s government, makes the IADB the first financial lender to recognize Guaido, and would allow for the freeing up of development lending if and when Maduro leaves. Maduro took over as president of Venezuela in 2013 and was re-elected in 2018 in an election that is widely viewed as fraudulent.

America 108

America Lending Community Meeting 108

CFPB Monitor

OCTOBER 27, 2022

Earlier that same month, the CFPB announced it would exercise its supervisory authority under the Consumer Financial Protection Act to scrutinize discriminatory conduct as an unfair practice independent of federal fair lending laws. which is being challenged in court by the U.S. Consumer Financial Protection Bureau.

Groups 78

Groups Exercises Lending Policies 78

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. Mortgage Target Pricing.

Compliance 68

Compliance Risk Management Lending Training 68

CFPB Monitor

NOVEMBER 18, 2021

Earlier this week, the CFPB issued a Request for Information (RFI) regarding an assessment of the significant amendments to the Home Mortgage Disclosure Act rules, known as Regulation C, adopted in October 2015 and subsequently revised in several additional rulemakings (the “HMDA Rule”).

Compliance 78

Compliance Data Lending Operations 78

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." April 2018 - Agrees to $1 billion in settlements for auto loan and mortgage abuses. Nationwide network?

New Jersey 60

New Jersey Compliance Community Meeting 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. In the agenda, the Bureau gives an estimated April 2022 date for its next pre-rule steps.

Lending 78

Lending FDIC Regulation Data 78

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. valuation from December 2018.

Fintech 80

Fintech US Lending Cards 80

Abrigo

JUNE 16, 2016

The new guidance aligns the accounting with the economics of lending by requiring banks and other lending institutions to immediately record the full amount of credit losses that are expected in their loan portfolios, providing investors with better information about those losses on a more timely basis,” FASB Chair Russell G.

Resources 150

Resources Exercises Lending Community 150

PYMNTS

MARCH 26, 2018

Those that are retiring include Jim Richards, head of financial crimes risk management, Kevin Oden, head of operational risk and compliance, Keb Byers, enterprise risk head and Vic Albrecht, community banking risk group head. However, the FI can still lend and take deposits. All are retiring in April, May or June.

Risk Management 100

Risk Management Management Compliance Groups 100

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. Fifty-four percent of small business owners say they are optimistic about the national economy , found Bank of America’s 2018 Business Advantage Small Business Owner Report. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

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

NOVEMBER 6, 2018

This kind of small business is a dying breed: recent stats from the RUPRI Center for Rural Health Policy Analysis at the University of Iowa found more than 16 percent of independent pharmacies shuttered their doors between March 2003 and March 2018, according to Washington Post reports.

Capital 130

Capital Iowa Management Community 130

FICO

AUGUST 29, 2018

Earlier this year at FICO World 2018 , we held a session on the growing application of pricing optimization to mortgage loan books. How has optimized pricing put NAB at the top of the lending game? The mortgage market in Australia is becoming increasingly scrutinised by regulators. embed][link]. Why Optimize Mortgage Loans?

Video 49

Video Analytics National Strategy 49

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Sibos 2018 is in Sydney. Banks and Fintechs.

Innovation 171

Innovation Conference Fintech blockchain 171

Lex Sokolin

DECEMBER 3, 2020

The last time we had a corporate development discussion about tokens was in 2018 with Messari. There have been some signs from regulators, however, that a token changes nature over the course of its lifecycle. The biggest lifeline came in 2018, when William Hinman introduced a concept of “sufficient decentralization”, per below.

Community 52

Community Capital Security blockchain 52

FICO

FEBRUARY 23, 2016

Less than two weeks after the compliance deadline for the TILA-RESPA Integrated Disclosure (TRID) rule , the CFPB issued its final rule revising HMDA (Regulation C). This information was intended to help assess whether lenders were serving the housing needs of communities. Clearly, the compliance bar is being raised.

Compliance 40

Compliance Lending Data Report 40

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Business lending and corporate cards. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online 98

Online Company Retail Payments 98

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. FinTech threats and distractions.

Conference 101

Conference Industry Community Bank Community 101

American Banker

NOVEMBER 17, 2016

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

Data 28

Data Compliance Lending Community Bank 28

Lex Sokolin

JULY 1, 2019

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Ethereum has the best developer community still, and there are things you can actually do with digital assets on this chain. We are here. We are in it.

Bitcoin 40

Bitcoin System Software blockchain 40

CFPB Monitor

JUNE 17, 2019

The Federal Reserve Board has issued a report, “ Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act ,” that summarizes the feedback it received during a series of roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA).

Report 60

Report Community Regulation Groups 60

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2018, the number of banks declined by almost a third to 4,708 institutions. Learn More. Learn More.

Lending 195

Lending Fraud Community FDIC 195

CFPB Monitor

MARCH 26, 2020

The statement builds on the March 19 statement issued jointly by the OCC, FDIC, and Federal Reserve on Community Reinvestment Act (CRA) consideration for activities in response to the outbreak. In May 2018, the OCC issued a bulletin intended to encourage its supervised institutions to offer small-dollar loans.

FDIC 78

FDIC Lending National Examples 78

CB Insights

NOVEMBER 6, 2018

Google UK hosted its inaugural “Connected Beauty” event in October 2018, bringing speakers from YouTube, Sephora, indie beauty brands, and more to discuss trends across consumer beauty product discovery. In 2018, viewers have watched an average of more than a million beauty videos on the platform every day. Partnerships.

Google 72

Google Apple Industry Branding 72

CFPB Monitor

MAY 22, 2019

The California Reinvestment Coalition has filed a lawsuit against the CFPB in a California federal district court seeking a declaration that the CFPB’s failure to issue regulations implementing Section 1071 of the Dodd-Frank Act violates the Administrative Procedure Act and requiring the CFPB to promptly issue such regulations.

CA 68

CA Regulation Community Resources 68