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. Regulators haven’t yet broached the subject with them.

Community Bank 144

Community Bank Community Lending Louisiana 144

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. Lifetime Leadership Achievement Awards.

Fintech 147

Fintech Strategy Leadership Lending 147

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

Report 78

Report Regulation Policies Compliance 78

Independent Banker

NOVEMBER 30, 2022

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. office opened in 2020. CNB has a Leadership Advisory Committee dedicated to this mission. Its Tampa Bay, Fla.,

Community Bank 169

Community Bank Community Montana Leadership 169

CFPB Monitor

JUNE 29, 2020

The OCC’s final rule was issued on May 29, 2020. On July 20, 2020, from 12:00 p.m. The FDIC’s final rule amends Part 331 of Title 12 of the Code of Federal Regulations by providing the following language in 12 CFR §331.4(e) to 1:00 p.m. ” Click here for more information and to register.

FDIC 60

FDIC National Analysis Regulation 60

CFPB Monitor

DECEMBER 15, 2020

The CFPB has published its Fall 2020 rulemaking agenda as part of the Fall 2020 Unified Agenda of Federal Regulatory and Deregulatory Actions. It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. The Bureau issued its final debt collection rule in October 2020.

Policies 78

Policies Regulation Data Lending 78

CFPB Monitor

JANUARY 28, 2021

The CFPB has issued its Fall 2020 Semi-Annual Report to Congress covering the period April 1, 2020 through September 30, 2020. With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership.

Report 78

Report Leadership Lending Regulation 78

CB Insights

FEBRUARY 13, 2020

Leadership and board members. 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. Company Leadership & Board Members. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

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. Those implementing regulations were coming. Points of Note.

Lending 195

Lending Data Regulation Community 195

PYMNTS

SEPTEMBER 3, 2019

And regulators are taking a close look at payroll advance apps. Why Invisible Will Make 2020’s Payments Innovation Roar. While consumers are flocking to eCommerce, merchants working on expanding and selling online in more markets must comply with local sales tax regulations. Incoming EU Leaders Plan New AI, Data Use Laws.

Innovation 101

Innovation Data Taxes Payments 101

Gonzobanker

MAY 8, 2020

These three reasonable outcomes of the “Great Pause” recession produce some concerning results by the fourth quarter of 2020: More than 25% of these banks will have negative earnings More than 70% of banks will have return on assets of less than.25% They may be looking for a dance partner or hiding from a regulator. Ready … break! “In

Lending 114

Lending Analytics Analysis Capital 114

CFPB Monitor

MAY 27, 2021

The CFPB has filed its fifth status report with the California federal district court as required by the Stipulated Settlement Agreement (Agreement) in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Regulation 78

CFPB Monitor

FEBRUARY 25, 2021

The CFPB has filed its fourth status report with the California federal district court as required by the Stipulated Settlement Agreement in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Policies 78

CFPB Monitor

MARCH 16, 2021

Under the leadership of Acting CFPB Director Dave Uejio, the Bureau issued an interpretive rule on March 9, 2021 clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (“ECOA”) and Regulation B includes sexual orientation and gender identity discrimination. Clayton County, Georgia (140 S.

Regulation 78

Regulation District of Columbia Georgia Policies 78

CFPB Monitor

FEBRUARY 2, 2021

In a blog post published on January 28, 2021 sharing a statement sent to CFPB staff, Acting Director David Uejio announced several new priorities for the CFPB’s Supervision, Enforcement and Fair Lending Division under the Biden Administration.

Compliance 78

Compliance Leadership Lending Analysis 78

CFPB Monitor

JULY 19, 2021

In the lawsuit alleging wrongful delay by the CFPB in adopting regulations to implement Section 1071 of the Dodd-Frank Act, the parties have entered into a stipulation that requires the CFPB to issue a Notice of Proposed Rulemaking (NPRM) by September 30, 2021. In December 2020, the Bureau released the final report of the SBREFA panel.

Leadership 78

Leadership Conference Report Regulation 78

CFPB Monitor

FEBRUARY 8, 2021

Resume data collections postponed by the Bureau in March 2020 (HMDA quarterly reporting, CARD Act data collection, Section 1071 cost of compliance data, and Property Assessed Clean Energy financing data Act. The CFPB is currently engaged in further rulemaking that is likely to expand the scope of those exemptions. In his statement, Mr.

Policies 78

Policies Analysis Compliance Data 78

Gonzobanker

DECEMBER 20, 2019

And Partners CEO John Janclaes helped put Kony on the market map in mid-size shops, even keynoting Kony’s conference with a leadership book in tow. The Scratch ‘n’ Sniff Award – Goes to the bank signage and kiosk provider who sent Cornerstone a “2020 budgeting prep” email asking us make room for their “exceptional scent offerings.”.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. What an amazing leadership story. The Generational War Award.

Community 216

Community Fintech Industry Innovation 216

CFPB Monitor

JULY 6, 2020

The CFPB has published its Spring 2020 rulemaking agenda as part of the Spring 2020 Unified Agenda of Federal Regulatory and Deregulatory Actions. It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. The CFPB recently proposed amendments to Regulation Z pursuant to this directive.

Regulation 78

Regulation Policies FDIC Lending 78

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. His trial is expected to commence in February 2020. Table of contents. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

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. Regulator Award. Best Leadership Performance in a Core Conversion. An old adage that never gets old: it matters when leadership hangs out in the foxhole.

Community Bank 60

Community Bank Apple Community Technology 60

CFPB Monitor

DECEMBER 16, 2020

The CFPB, under new leadership, should be directed “to aggressively protect consumers by enforcing the law.”. The CFPB should rescind the July 2020 rule that rescinded the underwriting provisions in its 2017 rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Payday Rule) and reinstate the 2017 Payday Rule.

Policies 78

Policies Regulation Lending FDIC 78

PYMNTS

JANUARY 26, 2018

And, under his leadership, the new CFPB seems bent on doing things very differently than it has in the past. percent related to prepaid cards and 2 percent to payday lending. In fact, this week, Mulvaney circulated a new mission statement for the organization, which was later leaked to The New York Times.

Lending 101

Lending Cards Millennials Data 101

CFPB Monitor

FEBRUARY 16, 2021

Nevertheless, it is likely that the CFPB under the Biden Administration will take steps to implement the Administration’s policy goals, including making discrimination on the basis of gender identity or sexual orientation a focus of fair lending supervision and enforcement. citations omitted). (citations omitted).

Leadership 78

Leadership Policies Georgia National 78

Gonzobanker

DECEMBER 20, 2018

There is a nice mix of the executive gene pool among these two organizations to build the future leadership team, and this deal helps CenterState gain scale as it moved past the dreaded $10 billion regulatory mark. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. Pedal to the Metal Award.

Fintech 105

Fintech Conference Innovation Community 105

CFPB Monitor

NOVEMBER 22, 2021

At an industry fair lending conference last week, officials from the U.S. Department of Housing and Urban Development (“HUD”) outlined fair lending priorities for their agencies. She noted that the agency will work with the CFPB, HUD, prudential regulators, and U.S. Department of Justice (“DOJ”), the CFPB, and the U.S.

Conference 78

Conference Lending Industry Regulation 78

CFPB Monitor

NOVEMBER 21, 2019

It represents the CFPB’s second rulemaking agenda under Director Kraninger’s leadership. The agenda indicates that the Bureau expects to issue a final debt collection rule in 2020. The Bureau is considering a rulemaking to address “a range of issues at the intersection of E-SIGN and Regulation Z with regard to credit cards.”

Regulation 78

Regulation Cards Data Leadership 78

Current

NOVEMBER 10, 2020

The 2020 election means change but before we get into what it will mean for Current’s future, here’s a snapshot of the present. However, any movement towards tightening regulations may be limited to what’s attainable through executive action, if the GOP maintains control of the Senate. The future of banking in the U.S.

Fintech 105

Fintech DC Leadership Policies 105

CFPB Monitor

OCTOBER 19, 2020

For our webinar last week, “What a Blue Wave in the November 2020 Elections Could Mean for the Consumer Financial Services Industry,” we were joined by special guest Isaac Boltansky, Director of Policy Research at Compass Point Research & Trading. In Chris’s view, such criticism is unfounded.)

Leadership 78

Leadership FDIC Exercises Lending 78