Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. Further, actually touching client funds immediately makes these apps into regulated custodians or money transmitters or financial advisors, which means a lot of compliance cost for little upside. Happy holidays, good people! all Fintech unicorns?—?that

blockchain 52

blockchain Bitcoin Software Lending 52

CFPB Monitor

NOVEMBER 22, 2022

This includes IDIs acting as lenders in bank/fintech partnerships. Continue to coordinate with the CFPB and other relevant federal agencies regarding principles and practices for identifying and mitigating violations of fair lending laws by IDIs and non-bank lenders that use alternative data in underwriting.

Fintech 78

Fintech Report Data Lending 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. These loans are subject to OCC supervision to ensure the national bank complies with fair lending requirements and all other federal consumer protection laws.

North Carolina 60

North Carolina Lending National District of Columbia 60

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. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 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. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. By Ed Avis. Methodology.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

SEPTEMBER 22, 2021

I think it’d be wise for institutions to take that advice to heart,” said Graham Dyer, Partner in the National Professional Standards Group of Grant Thornton LLP. These changes are partly the result of CECL lessons learned since SEC registrants began presenting financial statements under the standard in 2020. Portfolio Risk & CECL.

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

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

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Tom Tollerton, Forvis LLP.

Data 91

Data How To Community Bank California 91

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. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Congrats on a brave move and national recognition Jim! THE BANKER AWARDS.

Fintech 142

Fintech Strategy Leadership Lending 142

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Tie: Money 2020. Seriously, given what we see in origination process reviews, we almost understand this. Millennials.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

OCTOBER 7, 2022

As it happens, buy now, pay later (BNPL) breached the $100 billion in mark in 2020 and soared to $157 billion in 2021 , according to FICO partner Worldpay. Meanwhile, the BNPL industry’s charge-off rate, or the rate of uncollectible loans, was 2.39% in 2021 — up from 1.83% in 2020. Late fees are also climbing. Consumer Danger.

Fraud 52

Fraud South Carolina San Francisco Regulation 52

FICO

JULY 28, 2020

A 2019 Allianz survey of risk management experts across 86 countries ranked cyber incidents as the biggest single point of risk for an organization, thus highlighting the need for an effective insurance policy to transfer risk from potentially damaging effects of a cyber-attack.

Marketing 69

Marketing Cyber Security Policies Comparison 69