Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., Community bankers, pack your bags for Washington, D.C. By Aaron Stetter, ICBA. Visiting a congressional office in Washington, D.C.,

Community 180

Community Washington Community Bank Capital 180

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4012 – Temporary Relief For Community Banks. Section 4008 – Debt Guaranty Authority.

Regulation 122

Regulation United States Community Bank National 122

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Those implementing regulations were coming.

Lending 195

Lending Data Regulation Community 195

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

PYMNTS

OCTOBER 1, 2019

While the company will continue to operate in the asset management and general insurance spaces, Reliance shrunk its footprint by lowering its ownership in Reliance Nippon Life Asset Management from about one quarter to just over 4 percent. billion in foreign loans so far in 2019, down from $2 billion during the same timeframe a year prior.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). The implementation delay gives regulators an opportunity to get it right, Rodgers said.

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Groups Regulation Fraud Security 131

Abrigo

NOVEMBER 18, 2019

Key Takeaways Cannabis-related businesses operate in high cash volumes, creating a public safety concern. CRBs operate with high levels of cash, with many of them currently cash-only businesses. The Secure and Fair Enforcement (SAFE) Banking Act of 2019, H.R. Why is the SAFE Banking Act important? What is the SAFE Banking Act?

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Regulation Community National Operations 150

PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. billion — but declined 16 percent for the full year 2019, decreasing to $18.48 31, stood at 2.5

social media 142

social media cryptocurrency Examples Report 142

Abrigo

AUGUST 9, 2019

Modernization of the Community Reinvestment Act. Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution. See Details.

Management 150

Management Conference Lending Training 150

CFPB Monitor

JULY 8, 2019

Supreme Court’s Inclusive Communities decision and confirms its plans to hold a symposium on disparate impact and the ECOA. It states that at the end of 2018, it had a number of pending fair lending investigations into redlining and other areas involving a variety of consumer financial products.

Lending 60

Lending Report Policies Compliance 60

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. WARM was geared specifically to community banks.

Community Bank 150

Community Bank Community Lending Analysis 150

CFPB Monitor

AUGUST 5, 2019

Supreme Court ruling in Texas Department of Housing and Community Affairs v Inclusive Communities Project, Inc. In 2018, HUD issued an advance notice of proposed rulemaking seeking comment on whether the Rule should be revised in light of the 2015 U.S.

Community 68

Community Policies Compliance Regulation 68

PYMNTS

SEPTEMBER 25, 2019

Earlier in 2019, Checkout.com announced a $230 million Series A funding round. . As a company whose own leadership team has meaningful connections to the French community, we look forward to being a part of that growth.”. The company already has operations through the Asia Pacific, Europe and the United States.

Payments 116

Payments United States Leadership Community 116

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

Abrigo

JUNE 7, 2021

Banks and credit unions that continue to use their ALM models to manage risk and plan strategically during the projected recovery will generate sustainable earnings that allow them to maintain capital to grow, add shareholder return, or continue bringing value to their communities in other ways. Which risks does ALM address?

Management 195

Management Risk Management Capital Regulation 195

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. April 2011.

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Community Bank Community Software New York City 91

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

FEBRUARY 15, 2023

Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations. intelligence community clarify who is considered a domestic or foreign terrorist and provide activity patterns to add to banks’ monitoring systems and manual reviews of transactions.

Fraud 195

Fraud United States Training Policies 195

CFPB Monitor

JULY 15, 2020

When the OCC issued its final Community Reinvestment Act (“CRA”) rule on May 20, 2020, the agency acted alone without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued its proposed rule. As to the Federal Reserve Board (“FRB”), it had already bowed out of the CRA reform effort in 2019.

FDIC 78

FDIC Community Bank Community Regulation 78

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The judge wrote in his March 19 ruling that he had not received a request to lift the stay. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

Insights on Business

MARCH 12, 2019

On the 23rd of May at 8 Fenchurch Place in London, IBM will be hosting the 2019 IBM Sales Performance Management Summit London where these questions and more will be answered. This includes how to maintain a performance management culture in an increasingly regulated world. 2019 IBM Sales Performance Management Summit London.

Management 102

Management Leadership Analytics Community 102

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. We are in awe. Seriously in awe.

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Fintech Community Regional Technology 194

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. Start Now’.

Resources 195

Resources San Antonio Data Regulation 195

Cisco

MAY 10, 2022

It is the premier destination for Cisco customers and partners to gain knowledge and to build a community. Al Slamecka presenting at Cisco Live 2019. A modern digital infrastructure is needed to power this operational transformation milestone, however, managing the complexity of the IT estate requires a new approach and new solutions.

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Las Vegas Industry Leadership Technology 127

PYMNTS

JUNE 19, 2019

In the competitive financial industry, credit unions (CUs) remain popular banking options, with a recent CUNA Mutual Group report estimating that 324,000 consumers joined CUs in March 2019. percent of credit card debt held by banks, thanks to federal regulations and Supreme Court rulings that have resulted in uphill battles.

Analytics 131

Analytics Video blockchain Training 131

Abrigo

NOVEMBER 9, 2022

How has CECL implementation impacted their operations and reserves for credit losses? 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. CECL's impact on operations. Process changes.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. RotoGrinders is a website that provides the DFS community with various bits of data, including game-specific weather forecasts. The industry is big business – and getting bigger by the day.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

FEBRUARY 15, 2019

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Furthermore, Open Financial operates its own application programming interfaces (APIs) to integrate banking data into these workflows, reports noted.

Capital 122

Capital cryptocurrency Operations Financial Technology 122

Gonzobanker

JULY 10, 2020

In a recent Fortune survey, 55% of corporate executives said they expect to return to 2019 capital spending levels sometime in 2021. Community-based institutions have unique circumstances (and personal viewpoints) that impact how they see the world in the future and what planning will look like for them. Risk Management.

Risk Management 88

Risk Management Capital Strategy social media 88

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. as of January 2019.

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Payments Cards Operations System 201

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. More than $1.2 Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

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cryptocurrency Fraud Security Bitcoin 193

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., However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g.,

Customer Experience 126

Customer Experience Fintech Regional Cards 126

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. financial system.

National 195

National Training United States Regulation 195

PYMNTS

JUNE 19, 2019

Facebook has confirmed that it will have no more standing in the association than any other founding member after it finishes 2019. The crypto community had a lot to say. However, it is worth noting that while the announcement of Libra met quite a bit of suspicion, the crypto community wasn’t entirely negative. So what is?

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cryptocurrency Bitcoin blockchain Regulation 149

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.” They all have finance operations.

Resources 150

Resources Exercises Lending Community 150

CFPB Monitor

APRIL 1, 2021

The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). AI use by community institutions. Enhancing an institution’s ability to provide customized products and services. Potential risks of AI.

Risk Management 78

Risk Management Training Lending FDIC 78

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?

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Compliance Training Community Bank Regulation 70