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. But the fundamental risk management in the bank’s professional poker program is old-fashioned Know Your Customer, done by people. Photo by Sammy Tillery. By Tom Groenfeldt.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

CFPB Monitor

AUGUST 7, 2020

The Coronavirus Aid, Relief, and Economic Security Act of 2020 (“CARES Act”) provided several forms of financial relief to businesses and individual borrowers, and some states and localities have provided similar credit accommodations. The guidance also recommends several effective approaches to consumer protection risk management.

Risk Management 78

Risk Management Management Guidelines Report 78

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. Other things like Compound are essentially a securities lending marketplace?—?you all Fintech unicorns?—?that

blockchain 52

blockchain Bitcoin Software Lending 52

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. 30, 2020, to Sept. Illustration By blindSALIDA.

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

AUGUST 22, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." The 2021 AFP Payments Fraud and Control Survey reported 66% of fraud activity included check fraud in 2020. Lending & Credit Risk. Portfolio Risk & CECL. Learn More. Asset/Liability.

Fraud 195

Fraud Trends Survey Technology 195

South State Correspondent

APRIL 27, 2022

Consider a regional bank with a “digital transformation initiative” that rolled out its new “digital user experience” for its retail customers in 2020. Battle complacency – At no time should you roll out a bank product such as digital account opening, lending platform, or even a website and think you are done.

Customer Experience 195

Customer Experience eBook User Experience Policies 195

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? 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.

Compliance 70

Compliance Training Community Bank Regulation 70

Gonzobanker

DECEMBER 17, 2021

It was a cray cray year for mergers and acquisitions (M&As) in 2021 coming out of COVID slowdown in 2020. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. We can’t wait to see next year’s successes.

Fintech 147

Fintech Strategy Leadership Lending 147

Abrigo

SEPTEMBER 22, 2021

These changes are partly the result of CECL lessons learned since SEC registrants began presenting financial statements under the standard in 2020. Abrigo’s ALLL and CECL Software can help you streamline the allowance calculation while bridging your incurred loss model to CECL compliance. Portfolio Risk & CECL. Learn More.

Security 195

Security Examples National Report 195

PYMNTS

OCTOBER 10, 2016

203 billion to be spent on Big Data analytics solutions by 2020 , said IDC, highlighting banking and manufacturing as the industries that will fuel this spend. That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions.

Big Data 100

Big Data Analytics Data Survey 100

Abrigo

JUNE 18, 2020

15 due to compliance with specific health and safety requirements as outlined in the PPP Flexibility Act. For those borrowers, the Form 3508EZ Instructions say they must include documentation of “the average number of full-time equivalent employees on payroll employed by the Borrower on January 1, 2020 and at the end of the Covered Period.”

Lending 293

Lending Strategy Risk Management Compliance 293

CFPB Monitor

NOVEMBER 22, 2022

While the report does not address “true lender” challenges in bank/fintech lending relationships, it does discuss the risk of “so-called ‘rent-a-charter’ schemes that market themselves as innovative fintech lending platforms, but operate with essentially the same harmful business model as a traditional payday lender.”

Fintech 78

Fintech Report Data Lending 78

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. California Reinvestment Coalition v.

Lending 195

Lending Data Regulation Community 195

Abrigo

JUNE 15, 2023

billion laundered between 2015 and 2020 through the U.S. billion was laundered between 2015 and 2020 through the U.S. You might also like this Russian sanctions compliance checklist. Takeaway 1 Real estate money laundering is a serious issue, with an estimated $2.3 real estate market alone. real estate market alone.

Training 195

Training Regulation Compliance System 195

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

Conference 195

Conference Payments Fraud Data 195

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. To those community bankers claiming their growing Compliance departments say no to everything. Tie: Money 2020. Bravo OZRK! Somebody-Call-the-Whaambulance Award.

Community Bank 60

Community Bank Apple Community Technology 60

CFPB Monitor

JULY 5, 2022

In response to a request from three Democratic House members, the GAO recently issued a report on its review of fair lending oversight conducted by the Office of the Comptroller of the Currency. These changes contributed to fewer annual fair lending examinations and deficiency findings leading to matters requiring attention at smaller banks.

Lending 78

Lending Report Policies Handbook 78

CFPB Monitor

MAY 3, 2021

The hearing focused primarily on the final “True Lender” rule issued by the OCC on October 27, 2020, which was effective December 29, 2020. Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements. Reverend Dr. Frederick D.

North Carolina 60

North Carolina Lending National District of Columbia 60