Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021.

San Francisco 130

San Francisco Community Bank Video Capital 130

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. Community National Bank & Trust of Texas.

Community Bank 164

Community Bank Community Texas Leadership 164

Abrigo

JUNE 12, 2023

WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. According to the Conference of State Bank Supervisors , the number of money transmitters grew by 13% in 2021 in the U.S. A national framework would provide a level playing field, fostering innovation and competition in the money transmitter industry.

Compliance 195

Compliance Fraud Regulation Guidelines 195

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . A tricky year for farmers, ag lending. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

PYMNTS

JANUARY 25, 2021

Global FDI dropped by 42 percent last year, and COVID-19 will keep impacting it in 2021, according to a UNCTAD report, as China reaps more foreign funds than the United States. 55-Plus Group Lends Optimism To Travel Operators. FDI dropped to $859 billion in 2020 from $1.5 trillion in 2019.

United States 217

United States Regulation Payments Lending 217

Jeff For Banks

DECEMBER 29, 2021

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 27, 2021 was 60.4%. billion at September 30, 2021. The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia.

Capital 78

Capital Texas Metro North Carolina 78

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Ag lending in the South: Relationships matter. It also indirectly benefits our lending business.

Community Bank 172

Community Bank Community National Philadelphia 172

South State Correspondent

APRIL 12, 2022

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. in assets and almost $500B market cap), Dimon emphasizes in multiple ways that the bank’s focus is on the communities in which it operates. Total 2021 bank revenue was $122B, and loans outstanding were just over $1T.

Community 195

Community Community Bank Leadership Lending 195

Abrigo

OCTOBER 17, 2022

Shannon passed away in 2021 after her diagnosis in 2017. and in bank technology nationally. He was named an Ernst & Young LLP (EY US) Entrepreneur of the Year 2021 Central Texas Award Winner.

Texas 370

Texas Leadership Austin Raleigh 370

PYMNTS

DECEMBER 28, 2020

In Mercado’s home nation of Brazil, he describes the last eight months as a “fundamental transformation” in a conversation with PYMNTS’ Karen Webster. Has it been ten years of change packed into one, as some have speculated? Brazil at the beginning of last year was a different Brazil, for sure,” he said. Creating Credit Scores Out Of Data .

Lending 220

Lending Data Marketing Regional 220

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Underwriting valuation and lending requirement strategies to shift.

National 52

National Industry Lending Strategy 52

Cisco

JUNE 7, 2022

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. In between these events, a different crisis began in the US sub-prime lending market. The subsequent regulatory activity in response to these events focused on operational risks.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. Each year, we provide insight into the national average FICO® Score to help ensure consumers have a baseline measure of credit health standing. by Ethan Dornhelm. expand_less Back To Top.

Payments 98

Payments National San Diego Analytics 98

CFPB Monitor

DECEMBER 8, 2022

The parent company of an ILC with a deposit insurance application approved after September 23, 2021 would be subject to the supervisory authority of its “primary financial regulatory agency” as defined in Section 2 of Dodd-Frank (12 U.S.C. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.). 5301) (e.g.

FDIC 78

FDIC Company Industry Regulation 78

CFPB Monitor

MARCH 1, 2021

The OCC has filed a reply in support of its cross-motion for summary judgment in the lawsuit filed by state AGs to enjoin the OCC’s final rule (Rule) purporting to override the Second Circuit’s Madden decision as to national banks and federal savings associations. A hearing on the motions is scheduled for March 19, 2021.

National 78

National Regulation Lending New York 78

South State Correspondent

JANUARY 16, 2024

introduced a LIBOR alternative in March of 2021 (called BSBY). Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. We believe that our program offers an advantage against the national banks.

Community Bank 195

Community Bank Community Compliance CA 195

CFPB Monitor

MAY 19, 2022

The Department alleges that 100% of the loans to Connecticut residents originated on the Platform from June 2018 to August 2021 either contained a Lender Tip or a Solo Tip. To lend or borrow using the Platform, lenders and borrowers are required to set up a special account at a designated bank.

Connecticut 78

Connecticut Operations Fintech Regulation 78

PYMNTS

AUGUST 28, 2019

The statements were contained in the PBOC’s FinTech Development Plan 2019-2021. Beyond the confines of Europe, Cryptix , a blockchain service provider based in Zug, Switzerland, has said that it acquired Blocktrade, which operates as a digital asset exchange platform.

Fintech 172

Fintech Analysis Guidelines Data 172

South State Correspondent

MAY 13, 2024

Its ability to detect and uncover money laundering and fraud at scale, including those perpetrated by organized crime, terror financing, and nation-state actors, is unparalleled. The rule would require disclosure of interest rates and fees on overdraft loans, thus closing the current loophole in overdraft loans from the Truth in Lending Act.

Conference 195

Conference Payments Fraud Data 195

Independent Banker

JULY 31, 2022

Featured offerings include commercial banking, commercial real estate lending for both owner-occupied and investment, SBA lending, and deposit and business treasury services. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Filling a need.

Florida 91

Florida Community Bank Community FDIC 91

BankUnderground

APRIL 28, 2023

UK bank-level data comes from a confidential data set at the Bank of England and includes financial data on UK banks between 1990 and 2021. The data for US banks runs from 1979 to 2021 and was collected from multiple sources including Refinitiv® Eikon, Capital IQ®, and published financial statements. Operating expenses 8301 1.17

Capital 80

Capital Lending US Data 80

PYMNTS

OCTOBER 9, 2018

Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021. ” Small businesses, particularly those in the technology industry, may be affected by some of these changes as well, though Davis added that it depends on the industry in which SMBs operate. .”

Community Bank 153

Community Bank Community Report Lending 153

Independent Banker

JANUARY 31, 2022

“There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank. Amarillo National Bank (ANB) in Amarillo, Texas, plans to open its first full-service retail branch in the home of the Alamo this year, but the $7.6-billion

Texas 182

Texas San Antonio Community Bank Community 182

Independent Banker

AUGUST 31, 2022

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Name: Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. By Aileen McDonough. Assets: $9 billion.

Austin 91

Austin Texas Community National 91

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. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

NOVEMBER 29, 2021

Financial institutions generate most of their income by lending and investment activities. To remain competitive, some of the nations’ largest banks have introduced new products. Noninterest income drove 20% of community banks' net operating revenue in 2019, down from 22% in 2012, according to a recent FDIC study.

Community Bank 195

Community Bank Community FDIC Trends 195

Abrigo

JUNE 4, 2019

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. Non-PBE: December 15, 2021.

Policies 186

Policies Capital Report FDIC 186

CFPB Monitor

MAY 3, 2021

As discussed in our earlier bl og , the Senate Banking, Housing and Urban Affairs Committee held a hearing on April 28, 2021 entitled “The Reemergence of Rent-a-Bank?”. Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements.

North Carolina 60

North Carolina Lending National District of Columbia 60

CFPB Monitor

MAY 18, 2022

The action follows the OCC’s rescission in December 2021 of its 2020 CRA final rule and replacement of that rule with one that is largely based on the OCC’s 1995 CRA rule adopted jointly with the Federal Reserve and FDIC. Performance Tests, Standards, and Ratings.

FDIC 78

FDIC Regulation Community Lending 78

CFPB Monitor

NOVEMBER 22, 2022

The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition. Referring specifically to concerns about usury and rate exportation, the report recognizes “an alignment of incentives if all aspects of the lending activities are regulated and supervised as if conducted by the IDI.”

Fintech 78

Fintech Report Data Lending 78

PYMNTS

JANUARY 25, 2021

The FinTech, tabby , intends to use the funds to improve its lending and engineering capabilities and scale its product, which currently helps consumers in the UAE and Saudi Arabia pay off purchases made with domestic and global merchants’ operations in the countries. Read the full story in the Tracker.

Payments 185

Payments Tools Retail Cards 185

CFPB Monitor

JANUARY 19, 2022

federal district court has granted the motions filed by the CFPB and the Consumer Financial Services Association (CFSA) to dismiss the lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). (The The CFSA had intervened in the lawsuit.)

Resources 78

Resources Compliance Lending Industry 78

Gonzobanker

FEBRUARY 8, 2022

Just think of these figures: in 2021, banks spent $80 billion on technology (source: Cornerstone Advisors) but at the same time fintech raised an incredible $140 billion to reimagine and disrupt the industry (source: Financial Times Financials). A new frontier of efficiency will arrive. ESG will broaden the scoreboard.

Fintech 167

Fintech Customer Experience Conference Technology 167

South State Correspondent

JULY 25, 2022

Providing a narrative around your “fortress balance sheet,” ever-more-efficient operations, and defensive vision is now critical. Top Line Revenue & Lending. The sentiment is that banks have too much interest rate risk in their investment portfolios, taking away flexibility on the lending side. and beyond.

Trends 195

Trends Lending Marketing Capital 195

CFPB Monitor

NOVEMBER 24, 2020

Comments on the proposal are due by January 4, 2021. The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Analysis Industry Policies 78