Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. Despite the painful evolution in retail, many experts expect another year of growth for commercial real estate – and for commercial real estate lenders, including community financial institutions.

Lending 195

Lending Trends FDIC Survey 195

Independent Banker

NOVEMBER 30, 2022

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Name: Lexicon Bank. Lexicon Bank in Las Vegas opened its doors in August 2019, not long before COVID-19 shut down the city’s entertainment businesses. million-asset bank in the early days of the pandemic.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. banking system. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

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. June 4, 2019.

Community Bank 91

Community Bank Community Software New York City 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. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

Community 139

Community Community Bank social media Security 139

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference in September. Now that's big. Learn More.

Community Bank 150

Community Bank Community Lending Analysis 150

Abrigo

SEPTEMBER 14, 2022

In 2011, the CFPB interpreted Section 1071 to mean that obligations for financial institutions to collect, maintain, and submit data “do not arise until the [CFPB] issues implementing regulations and those regulations take effect.” Those implementing regulations were coming. Lending Regulation. Lending Regulation.

Lending 195

Lending Data Regulation Community 195

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. Learn how to satisfy regulators and yield more useful information in this whitepaper, "Effective Loan Review".

Conference 195

Conference San Antonio Lending Fraud 195

South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor.

Conference 195

Conference Technology Las Vegas Trends 195

CFPB Monitor

SEPTEMBER 25, 2019

on Thursday, September 26, 2019. The memo from the FSC Majority Staff indicates the hearing will focus on the development of a real-time payments (“RTP”) system and the risks, regulation, and market features of any future payments system. There will be a live webcast of the hearing. Carol Benson, Founding Partner, Glenbrook.

Kansas City 60

Kansas City Kansas Payments Community 60

PYMNTS

DECEMBER 27, 2019

With regulations surrounding data ownership, privacy and open banking now in full swing in multiple markets around the globe, opening up account data is now a requirement for many financial institutions (FIs). This past year, however, the open banking model flexed its muscles in markets like the U.S., An Evolving Landscape.

Community Bank 132

Community Bank Fintech Data Community 132

CFPB Monitor

OCTOBER 25, 2019

The CFPB announced today that it will hold a symposium on Dodd-Frank Act Section 1071 on November 6, 2019. In its Spring 2019 rulemaking agenda, the CFPB indicated that it expected to resume Section 1071 pre-rulemaking activities in 2019. The symposium presumably represents the resumption of such activities.

Tampa 60

Tampa Lending California Community 60

Abrigo

SEPTEMBER 2, 2020

Community financial institutions must strike the right balance between digitalization and personal service. While this might have been the first time many community banks and credit unions have seen returns on a digitization investment, these same automation and efficiency gains can be found in other end-to-end lending solutions.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

SEPTEMBER 27, 2019

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. Accessibility Beyond Big Banks. Reception toward the initiative was not, however, universally positive.

Payments 174

Payments Kansas City Community Bank Community 174

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

CFPB Monitor

JULY 15, 2020

As to the Federal Reserve Board (“FRB”), it had already bowed out of the CRA reform effort in 2019. Currently, it seems possible that state member banks and non-member banks may operate under different CRA rules in the future.

FDIC 78

FDIC Community Bank Community Regulation 78

Abrigo

SEPTEMBER 2, 2020

Community financial institutions must strike the right balance between digitalization and personal service. While this might have been the first time many community banks and credit unions have seen returns on a digitization investment, these same automation and efficiency gains can be found in other end-to-end lending solutions.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

OCTOBER 6, 2017

Reactions to the regulations have run the gamut, as one might have expected after what was an extremely contentious five-year effort to bring federal regulation to an industry that had previously only been state-regulated. By the CFPB’s own estimates, the regulations as written will cut the number of short-term loans in the U.S.

Lending 128

Lending Regulation Community Bank Industry 128

Abrigo

JULY 28, 2021

“At the end of the day, we still have regular jobs and daily responsibilities, and [CECL implementation] is added to that,” said Felicity Ours, CPA, CRC, Senior Vice President and Director of Credit at Summit Financial Group, which implemented CECL in 2019. “We Starting now affords enough time to enhance policies, procedures, and systems.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

JULY 1, 2019

As of today, such approval is expected, and the deal is forecast to close in the third or fourth quarter of 2019. But Congresswoman Maxine Waters has asked regulators to delay approval of the deal until it is examined by Congress. “[T]he As long as the regulators like one’s new friends, of course. See you next week.

Capital 100

Capital Data Cards Community Bank 100

Abrigo

NOVEMBER 9, 2022

Compare this to Abrigo’s 2019 CECL Survey responses, when no banks or credit unions had completed adoption, and less than 7% of all institutions were running parallel allowances. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. CECL Regulation. Stress Testing.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

OCTOBER 6, 2017

Reactions to the regulations have run the gamut, as one might have expected after what was an extremely contentious five-year effort to bring federal regulation to an industry that had previously only been state regulated. By the CFPB’s own estimates, the regulations as written will cut the number of short-term loans in the U.S.

Lending 100

Lending Regulation Community Bank Industry 100

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. BSA Rules and Regulation.

National 195

National Training United States Regulation 195

FICO

JUNE 15, 2020

The number of commercial banks in the United States dropped from 14,400 in 1984 to 4,492 at the end of 2019 , according to the Federal Financial Institutions Examination Council. banking industry, and cite the need for decentralized banking. And it wouldn’t have happened without community banks.

Marketing 52

Marketing Community Bank Community Policies 52

FICO

JUNE 15, 2020

The number of commercial banks in the United States dropped from 14,400 in 1984 to 4,492 at the end of 2019 , according to the Federal Financial Institutions Examination Council. banking industry. And it wouldn’t have happened without community banks. banking assets) approved nearly 20% of loan dollars.

Marketing 52

Marketing Community Bank Community Policies 52

CFPB Monitor

MAY 3, 2019

On April 30, 2019, the House Financial Services Subcommittee held a hearing entitled “Ending the Debt Traps in the Payday and Small Dollar Credit Industry.” (A Todd Ortique McDonald, Vice President and Board Director, Liberty Bank & Trust Company, representing the National Bankers Association. (A

Michigan 68

Michigan Policies Utah Lending 68

ABA Community Banking

APRIL 1, 2020

When regulators revised the booklet in 2019, they changed its title from “Business Continuity Planning” to “Business Continuity Management.” Regulatory principles and practices for business continuity management are spelled out in a booklet in the Federal Financial Institutions Examination Council’s IT Examination Handbook.

Handbook 52

Handbook Regulation Management Industry 52

American Banker

SEPTEMBER 3, 2020

The state's financial regulator sent a subpoena to an auto-title lender seeking information about its partnership with a Utah bank, marking the first public disclosure of an investigation into efforts to evade a 2019 law capping interest rates on many consumer loans.

California 34

California Utah Regulation Community Bank 34

CB Insights

FEBRUARY 20, 2020

All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Click to enlarge. .

Fintech 80

Fintech US Lending Cards 80

Independent Banker

JULY 28, 2016

The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. Just how can your community bank do all of those things? What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

Gonzobanker

JANUARY 17, 2020

Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g., California CCPA), it’s hard to imagine just how far techies will be able to upend the nuts and bolts of the banking industry.

Customer Experience 126

Customer Experience Fintech Regional Cards 126

PYMNTS

MARCH 18, 2019

This new window – which will allow banks to submit requests for SDA until 4:45 p.m. EST – is understandably of great interest to all banks, but particularly to those in the Mountain and Pacific time zones. TCH is the association of the 25 largest banks in the U.S., TCH is the association of the 25 largest banks in the U.S.,

Payments 201

Payments Cards Operations System 201

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

Abrigo

JUNE 16, 2016

He added, “While we continue to have strong concerns with the costs related to CECL’s life of loan loss concept, we are committed to working with both regulators and auditors to ensure banks of all sizes can meet the implementation challenges of the new standard.” 15, 2020, and for interim periods a year later.

Resources 150

Resources Exercises Lending Community 150

Gonzobanker

JANUARY 4, 2022

In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies. According to Terence Roche, partner at consulting firm Cornerstone Advisors , community-based financial institutions could: “Lower their NSF fee to the $5 to $7 range and market it as a convenience fee.

Trends 188

Trends Fintech social media Strategy 188

Jeff For Banks

AUGUST 12, 2018

Five more quarters to go and I believe in 2019 we will set a new record length for an expansion, albeit without hitting 3% GDP growth for any one of those ten years. and 2019 at 2.4% As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. You know me by now.

Marketing 60

Marketing Philadelphia Omaha US 60