CFPB Monitor

FEBRUARY 26, 2024

District Court for the Northern District of Georgia on February 21, 2024 against TitleMax of Georgia, Inc. A proposed class action lawsuit filed in the U.S.

Georgia 78

Georgia Lending 78

Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

CFPB Monitor

AUGUST 17, 2023

The CFPB has released an update to the Filing Instructions Guide for Small Business Lending Data. The Guide is intended to serve as a set of resources for entities who will be required to file small business lending data with the CFPB in 2025 covering the period from October 1, 2024 to December 31, 2024.

Lending 78

Lending Data Resources 78

American Banker

JANUARY 24, 2024

The Oklahoma-based regional bank expects 6%-7% loan growth in the year ahead. Executives are also projecting that net interest income will start to improve after the metric hits a trough early this year.

Oklahoma 87

Oklahoma Lending Regional 87

CFPB Monitor

FEBRUARY 8, 2024

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. Harper spoke at a Brookings Institution event to outline his regulatory agenda and supervisory priorities for 2024.

Lending 78

Lending National Management 78

Abrigo

MARCH 14, 2024

You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement customer retention strategies to keep their valuable customers, not just attract new ones. Perhaps they might aim to reduce inventory to 80 days by the end of the first quarter of 2024.

Lending 195

Lending Strategy Community Software 195

American Banker

JANUARY 23, 2024

Several regional banks have projected minimal growth or even a decline in lending this year. But Connecticut-based Webster is bullish based on its pipeline of nonoffice commercial real estate, public finance and other credits, CEO John Ciulla says.

Connecticut 83

Connecticut Regional Lending 83

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities.

Compliance 195

Compliance Lending Data Regulation 195

CFPB Monitor

FEBRUARY 28, 2024

The revisions became effective immediately upon publication in the Federal Register on February 22, 2024. As an initial matter, the revised appeals process references the “Supervision Director” rather than the “Associate Director” (for supervision, enforcement, and fair lending). . Continue Reading

Compliance 78

Compliance Lending 78

The Financial Brand

DECEMBER 6, 2023

This article Regional Banks Need to Prepare Now for More Earnings Pressure in 2024 appeared first on The Financial Brand. Players like Citizens, PNC and Huntington will see stiffer conditions on both the lending and deposit sides.

Regional 32

Regional Branding Lending Banking Trends 32

American Banker

JANUARY 19, 2024

During the fourth quarter, flat lending and higher deposit costs weighed down the company's net interest income. The Alabama bank's executives said commercial borrowers remain cautious amid high rates and economic uncertainty.

Alabama 81

Alabama Regional Lending Company 81

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. In AGC’s 2024 outlook report , 64% of contractors named rising interest rates and financing costs as one of their biggest concerns.

Risk Management 195

Risk Management Management Lending Capital 195

The Financial Brand

JANUARY 3, 2024

This article Washington Watch: 5 Issues Bankers Should Monitor in 2024 appeared first on The Financial Brand. A thaw in the M&A freeze, tougher attention to fintechs, continuing fair-lending attention and more promise turbulence in an election year.

Washington 22

Washington Lending Branding Fintech 22

The Financial Brand

JANUARY 25, 2024

This article Buy Now, Pay Later Needs to Pay Off in 2024 appeared first on The Financial Brand. This article Buy Now, Pay Later Needs to Pay Off in 2024 appeared first on The Financial Brand. A strong holiday season buoyed BNPL firms' hopes, and the growth forecast is also strong. But clouds are also gathering.

Branding 34

Branding Groups Lending 34

Abrigo

OCTOBER 17, 2023

According to the OCC, examiners should "determine the suitability of governance processes, including acquisition or retention of qualified staff, when the board or management undertakes significant changes" related to: M&A System conversions Regulatory requirements The implementation of new, modified, or expanded products and services (such as (..)

Management 195

Management Lending Risk Management Strategy 195

Independent Banker

FEBRUARY 28, 2022

percent through 2024—a number above the long-term growth rate of 2 percent–what should be of interest to lenders during this time is the direction of interest rates. Developing leaders in mortgage lending. While the U.S. economic growth rate is predicted to settle upwards of 2.5 Following a ten-year high of just above 4.5

Leadership 91

Leadership Strategy Lending Community Bank 91

The Financial Brand

JANUARY 1, 2024

This article 2024 Trends: Prepare for Disruptive Activism from a Politicized CFPB appeared first on The Financial Brand. This article 2024 Trends: Prepare for Disruptive Activism from a Politicized CFPB appeared first on The Financial Brand.

Trends 33

Trends Branding Industry Banking Trends 33

Gonzobanker

JANUARY 4, 2024

In 2024, Smarter Banks will go on offense and differentiate with the customer experience. In the spirit of New Year’s resolutions, here are three ways “Smarter Banks” will flip the customer experience (CX) script in 2024. #1 2024 is an opportunity to go on offense and make CX a true point of competitive differentiation.

Customer Experience 149

Customer Experience Community Knowledge Base Tools 149

Commercial Lending USA

APRIL 18, 2024

Gas station financing can be a smart move for business owners and regular people who want to expand their portfolios or start their businesses.

Lending 57

Lending 57

South State Correspondent

APRIL 9, 2024

For example, at the start of 2024 the market expected six interest rate cuts, while at the time of writing this article the market expects only 2.6 cuts in 2024 (65 bps) and the borrowing rate should already reflect this in the inverted yield curve. cuts through the end of the year. Further, the market has already priced in the 2.6

How To 195

How To Community Community Bank Marketing 195

Fintech Labs Insights

FEBRUARY 9, 2024

mo Klarna 24 Jan BNPL Consumer CNBC Bilt Rewards doubles valuation to $3.1B Bilt Rewards 24 Jan Credit cards Consumer Techcrunch Klarna is first BNPL service with subscription ($7.99/mo mo Klarna 24 Jan BNPL Consumer CNBC Bilt Rewards doubles valuation to $3.1B

Trends 15

Trends Fintech Apple Cards 15

Fintech Labs Insights

MARCH 6, 2024

Take a close look now at our curated list of top fintech, banktech, payment tech and investech global conferences for 2024. For the most part, early-bird (or very-early-bird) prices are still in effect, so you can easily save $1,000 or more on a pair of tickets. Some events pay referral or listing fees, which could impact positioning.

Conference 15

Conference Fintech San Francisco Lending 15

PYMNTS

DECEMBER 12, 2019

Cross-border payments, alternative lending and FinTech are thriving in new ways – and for new players. 154B: Projected value of payment platforms by end of 2024. 8.5B: Amount of P2P lending in U.K. 154B: Projected value of payment platforms by end of 2024. 8.5B: Amount of P2P lending in U.K.

Payments 131

Payments Lending California Fraud 131

South State Correspondent

JULY 26, 2023

The Fed may be nearing the end of its hiking cycle, but given the high threshold for interest rate cuts, there may be no changes in the Fed Funds rate until well after 2024. Banks must have a strategy to deal with the anticipated increasing cost of funding (COF) and a deeply inverted yield curve through the end of 2024.

Community Bank 195

Community Bank Community Strategy Atlanta 195

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending. Keep an eye out for potential changes in the final rule.

Data 195

Data Lending Compliance Resources 195

American Banker

FEBRUARY 13, 2024

Senior loan officers recently told the Federal Reserve that loan demand weakened and underwriting tightened last quarter, but both at a slower pace than three months earlier. They anticipate demand for credit will improve, especially in the back half of the year — provided rates begin to fall.

Community Bank 87

Community Bank Community Lending 87

American Banker

NOVEMBER 21, 2023

Bankers are hopeful that several factors could strengthen profits next year, including higher loan demand and more stable funding costs as the Fed holds the line on — or even lowers — interest rates.

Community Bank 85

Community Bank Community Lending 85

American Banker

APRIL 16, 2024

The Pittsburgh-based regional bank also emphasized expense control for the first quarter and throughout 2024 as it manages credit quality vulnerabilities and higher charge-offs, particularly among office loans.

Regional 65

Regional Management Groups Lending 65

American Banker

APRIL 23, 2024

The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.

Regional 36

Regional Lending 36

PYMNTS

FEBRUARY 26, 2020

After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it is scaling back its expansion efforts and moving away from lending for mortgages, according to a report by the Financial Times. After the error was revealed, the bank was forced to raise $484 million in new shares.

Metro 187

Metro Report Lending Regulation 187

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Credit administration staff are responsible for managing the entire credit process, including the approval of credit to borrowers, assessment of the creditworthiness of potential customers, and credit review of existing borrowers.

Training 195

Training Risk Management Analysis Policies 195

CFPB Monitor

FEBRUARY 8, 2024

On January 22, 2024, the Federal Trade Commission (FTC) entered into a Stipulated Order for Permanent Injunction, Monetary Judgment, and Other Relief (the “Order”) with FloatMe Corp.

Fintech 78

Fintech Mobile Lending 78

BankInovation

MARCH 19, 2024

The bank has 191 AI, machine learning and natural language processing features in the pipeline, with nearly half already in production, Steve Hagerman, chief information officer of consumer technology at Wells Fargo, said at Bank Automation Summit 2024 on March 18. For […]

Nashville 71

Nashville Technology Lending 71

South State Correspondent

JULY 19, 2023

Specific Market Dynamics of Derivatives Usage For the remainder of this year and into 2024, we believe that increasingly rate-conscious depositors will continue to drive the cost of funds (COF) higher, and as the Federal Reserve approaches the end of its tightening cycle, net interest margin at community banks will be under pressure.

Community Bank 195

Community Bank Community Compliance Marketing 195

Abrigo

OCTOBER 10, 2023

Read "Commercial risk rating considerations." Read "Commercial risk rating considerations."

Analysis 195

Analysis Industry Risk Management Lending 195

The Financial Brand

JANUARY 22, 2024

This article The Great M&A Debate: Regional Bankers Argue the Need to Buy Scale in 2024 appeared first on The Financial Brand. This article The Great M&A Debate: Regional Bankers Argue the Need to Buy Scale in 2024 appeared first on The Financial Brand. Do regionals have to consolidate to thrive?

Regional 18

Regional Branding Strategy Banking Trends 18

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. If your bank is facing borrower demand for fixed-rate term loans, your bank does not want the interest rate or credit risk, and boosting interest and fee income in 2024 are essential to you; the ARC may be a solution for your customers.

Community Bank 195

Community Bank Community Compliance CA 195