CFPB Monitor

AUGUST 5, 2021

To further its ongoing diversity, equity, and inclusion (DEI) efforts, the New York State Department of Financial Services (DFS) announced an initiative to collect and publish diversity data on the demographic makeup of NY-regulated financial institution’s boards and senior management teams.

Data 78

Data New York Leadership Industry 78

CFPB Monitor

FEBRUARY 17, 2021

He stated that “senior leadership of these companies can expect to hear from me.” companies regulated by the CFPB appear to take consumer issues reported to the Bureau seriously, and if any are slow to respond, it would be a small fraction of only 3% of CFPB-regulated entities. Based on that statistic, U.S.

Regulation 78

Regulation Study Community Leadership 78

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? . A Growing Crackdown .

US 168

US Regulation Groups System 168

CFPB Monitor

MAY 4, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittance transfers, and student loan servicing that were completed between July 2021 and December 2021.

Cards 78

Cards Report Management Policies 78

CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The report discussed the Office’s consumer outreach and educational efforts, servicemember complaint trends, and priorities for 2021.

Report 78

Report Compliance Leadership Analysis 78

Abrigo

FEBRUARY 8, 2024

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. billion was lost to fraud through social media between January 2021 and June 2023. At the same time, it is important not to deter clients from using digital banking methods for daily transactions.

Fraud 195

Fraud Resources social media Software 195

CFPB Monitor

FEBRUARY 10, 2021

On January 14, 2021, the NCUA and CFPB announced the agencies have entered into a memorandum of understanding relating to their joint supervision of federally insured credit unions over $10 billion in assets. The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators.

Training 78

Training Compliance Meeting Leadership 78

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. Now that the PPP frenzy is over, get ahead of your next loan opportunity and start managing your portfolios. Risk Management. Will that earn you favor with those same regulators?

Risk Management 88

Risk Management Capital Strategy social media 88

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. Sweeping in scope, the AIO guide is very detailed on guidance for different technologies.

Operations 118

Operations Software Risk Management Management 118

CFPB Monitor

DECEMBER 6, 2021

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray.

Regulation 78

Regulation Policies FDIC Leadership 78

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Regulators haven’t yet broached the subject with them. Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Independent Banker

AUGUST 31, 2021

Source: 2021 Provident Bank survey. Reiling adds that bank leadership needs to be bold enough to try things out and possibly fail, which is why Sunrise Banks implemented the 90-day check-in. You have to give people a reason to bank with you,” says Tim Reimink, managing director in the Crowe LLP performance consulting group in Chicago.

Community Bank 170

Community Bank Community Lending Leadership 170

Jeff For Banks

AUGUST 2, 2021

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. million in loans in the two locations. million in loans.

Community Bank 78

Community Bank Community Minnesota Metro 78

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. In 2021, there were more than 120 fintech IPOs in the U.S., Newman also architected 25 business acquisitions from 2000 through 2021.

Community 216

Community Fintech Industry Innovation 216

Independent Banker

SEPTEMBER 30, 2021

In early 2021, a customer approached a teller at Kennebec Savings Bank in Augusta, Maine, and asked to withdraw $20,000. manages the community bank’s presence across platforms like Facebook, Instagram, LinkedIn and Twitter. Security information and event management (SIEM). It’s in their DNA. fashioned customer service.

Community 139

Community Community Bank social media Security 139

CFPB Monitor

JUNE 16, 2021

During May 2021, the federal Government Accountability Office (“GAO”) issued a report (GAO-21-393) containing findings from its review of issues related to the CFPB’s oversight and enforcement of the Equal Credit Opportunity Act (“ECOA”) and the Home Mortgage Disclosure Act (“HMDA”).

Lending 78

Lending Report Data Policies 78

Fintech Labs Insights

MARCH 15, 2024

In the fintech space, only Fintech Meetup , launched in 2021, has reached critical mass this decade. The pandemic slowed the introduction of new events. Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks.

Conference 15

Conference Las Vegas Fintech Case Study 15

Perficient

MAY 21, 2021

Within Perficient, our culture is known as being “helpful, supportive, and friendly” (Best Places to Work survey, 2021), and these students exhibited the type of encouragement and celebration that motivate and inspire the amazing work we do at Perficient, and, in this case, beyond. . Bright Paths Project: Grow Better.

Milwaukee 348

Milwaukee Software Course Detroit 348

CFPB Monitor

FEBRUARY 26, 2020

The new lawsuit indicates that not only companies offering financial products structured as purchases should expect continued CFPB scrutiny under Director Kraninger’s leadership, particularly where the products are marketed to veterans, but also indicates that service providers to such companies should expect such scrutiny.

South Carolina 78

South Carolina Arkansas New York Leadership 78

Independent Banker

JUNE 30, 2022

We had plenty of women in leadership roles; we had a couple of women on our board. To that end, she and her colleagues set up an internal focus group that met monthly, starting in January 2021. and Inclusion: The Millennial Influence,” Deloitte University Leadership Center for Inclusion, 2015. Quick Stat.

Community Bank 91

Community Bank Community Leadership Millennials 91

Independent Banker

SEPTEMBER 30, 2021

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. In January 2021, Armed Forces Bank launched its Access Loan program, which offers loans ranging from $750 to $15,000 to active duty or retired military borrowers.

Arkansas 168

Arkansas Community Bank Community Operations 168

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Nobody is quite sure which side this seesaw will land on.

Fintech 194

Fintech Community Regional Technology 194

Perficient

SEPTEMBER 2, 2022

Richard Tan Yu: Well D, after graduating as a history major in 2021, I got a job at a bank. Well, when you graduated in 2021, the Dutch Tulip craze had ended over 300 years prior. You’re known for your leadership of large money center financial firms. Futchermann will be interviewing legendary finance executive Richard Tan Yu.

blockchain 55

blockchain Customer Experience Examples Leadership 55

FICO

MAY 13, 2021

Scott Zoldi wrote at the start of 2021 about what Responsible AI looks like , and his list of areas of focus illustrates some of the potential gaps in the EU’s updated co-ordinated plan on Artificial Intelligence.

Analytics 52

Analytics System Leadership Data 52

PopularBank

MAY 25, 2021

The panel was hosted on April 29, 2021 and brought together senior housing lending, legal and environmental experts to discuss unique challenges they faced amid COVID-19 disruption and shaping the industry’s future. Managing fear and disruption in the face of a once-in-a-lifetime pandemic continues to be critical.

National 52

National Industry Lending Strategy 52

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., Stakeholders point to the need for reforms to address currency transactions and suspicious activity reporting as well as a manageable approach to identifying beneficial owners of accounts. by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

FICO

NOVEMBER 7, 2022

US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? You never know when you’ll get a text from your leadership about testifying in front of the Senate! Neither the banks nor the regulators disagree about the scope of the problem.

Fraud 52

Fraud US Payments South Carolina 52

FICO

DECEMBER 15, 2020

So, here are the five for 2021. If my prediction is on the mark, 2021 should be one where improved customer communications will fuel stronger customer engagement. On December 8 and 11, the House and Senate respectively approved the National Defense Authorization Act of 2021 (NDAA) by large bipartisan margins. Now, with the U.S.

Policies 52

Policies Washington DC Regulation 52

FICO

JANUARY 25, 2022

The technology of advanced decision management is changing rapidly, as businesses worldwide pursue automated, analytics-powered decisions as an essential part of their digital transformation. This has allowed us to manage our credit policy with a single underwriting team, and yet allow for local market risk needs.”.

Management 52

Management Analytics Data Survey 52

PYMNTS

MARCH 10, 2020

Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed questioning from lawmakers on Capitol Hill about past scandals, the roadmap forward and whether the bank is too big to fail – or even manage. Efforts to implement widespread fixes, he said, would not be complete till 2021.

North Carolina 130

North Carolina Kentucky Compliance Capital 130