CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

American Banker

MAY 13, 2020

The Independent Community Bankers of America refused to rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.

Community 78

Community Community Bank Regulation America 78

PYMNTS

MAY 9, 2016

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. The majority reported feeling optimistic about their local economies, but less than half (43 percent) said the same about the national market. The index recorded a 0.28

America 100

America National Capital Survey 100

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

PYMNTS

APRIL 15, 2019

Indeed, in an appearance on Capitol Hill last week in front of the House Committee on Financial Services, seven chief executive officers of banks as far-flung as Goldman Sachs , Bank of America , JPMorgan Chase , Morgan Stanley and others pointed to risks that may be tied to the U.S. The Question of Regulation.

Lending 175

Lending United States Survey System 175

South State Correspondent

JANUARY 16, 2024

BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. Comerica Bank announced a $91mm charge, and Bank of America announced a $1.6B We believe that our program offers an advantage against the national banks. The reason for the cessation of BSBY is simple – lack of use.

Community Bank 195

Community Bank Community Compliance CA 195

American Banker

MAY 8, 2020

The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus outbreak to usher in additional changes without the normal amount of scrutiny.

Regulation 52

Regulation America Community National 52

PYMNTS

AUGUST 1, 2018

It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement. The proposed changes include moving the collection and storage of small business lending data, required under the Dodd-Frank Act , from the Consumer Financial Protection Bureau (CFPB) to the Office of Financial Research (OFR).

Policies 100

Policies Report Regulation Maine 100

CFPB Monitor

MARCH 21, 2019

According to a Wall Street Journal report , Facebook has agreed to remove age, gender, and zip code targeting for housing, employment, and credit-related advertisements as part of a settlement of a lawsuit filed by the National Fair Housing Alliance, the Communications Workers of America, and other plaintiffs.

social media 68

social media Lending America National 68

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

OCTOBER 13, 2017

When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling. How do they make decisions about retail transactions, lending activities or money transfers in milliseconds? Equifax brings a few key questions to mind.

Industry 144

Industry Security eBook Data 144

CFPB Monitor

SEPTEMBER 21, 2018

The Court is considering whether the structure of the CFPB is constitutional and what impact its structure, right or wrong, has on its ability to continue to prosecute claims against regulated entities. Public Interest Research Group Education Fund, Inc.; The Appleseed Foundation, Inc.

DC 60

DC National America Groups 60

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

Gonzobanker

FEBRUARY 29, 2024

It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. As banks invest in new lending, analytics, risk and CRM systems, leaders need to be demanding jerks and insist that all team members use the darn tools and realize the benefits of workflow automation.

Tools 163

Tools Analytics Data System 163

PYMNTS

MAY 8, 2020

Most small businesses don’t have a lending relationship with a bank. Other ideas include more government action regarding competitive regulation. Writing in Barrons , RSM chief economist Joseph Brusuelas is recommending a Main Street lending facility that would include a $250 billion Congressional backstop combined with $1.25

Maine 142

Maine Groups San Francisco Lending 142

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. It was a critical day in the eyes of those at Bank of America, Chase, Wells Fargo and others at the top. During examination time, regulators are increasingly looking at a bank’s stress testing processes and resulting capital plans. ” Blog Bank'

Risk Management 150

Risk Management Capital Community Bank Regulation 150

American Banker

SEPTEMBER 7, 2016

Making good on threats it had made previously, the Independent Community Bankers of America filed suit Wednesday against the National Credit Union Administration, claiming the agency's recent overhaul of its member business lending rules violate two different laws.

Lending 28

Lending America Community National 28

PYMNTS

OCTOBER 9, 2018

” “There is no doubt that the lease accounting standards will add new complexities to a broad range of business functions, including sales, lending, contracting and financial reporting,” wrote Whitney Schiffer, CPA, in an article last week for accounting and advisory firm Berkowitz Pollack Brant.

Community Bank 153

Community Bank Community Report Lending 153

PYMNTS

JULY 30, 2019

In Latin America, countries are in different stages of the process to define the [open banking] model that will be adopted, but it’s an inevitable change,” Junqueira said. In small business banking, the friction points that threaten the user experience are quite similar in Latin America to the friction faced in the U.K., Europe, U.S.

User Experience 122

User Experience America Analysis Industry 122

American Banker

NOVEMBER 17, 2016

The Independent Community Bankers of America have asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by ICBA that challenges recent revisions to the agency's member business lending regulation.

America 28

America National Community Lending 28

Independent Banker

OCTOBER 24, 2016

The National Credit Union Administration’s irresponsible power play earlier this year to ignore the explicit member business lending limits Congress has set for credit unions could not be ignored. percent-total-asset cap on credit union commercial lending that Congress purposefully put in place. By Camden R.

Community Bank 70

Community Bank Community Lending Regulation 70

Independent Banker

FEBRUARY 28, 2023

So, he joined a training program at what was then Citizens & Southern National Bank, once the largest bank in the southeastern U.S., now part of Bank of America, before moving to Griffin, Ga., I got a job with First National Bank of Griffin, and I’ve been a community banker ever since.”

Community 172

Community Community Bank Georgia San Antonio 172

PYMNTS

APRIL 27, 2020

As Bank of America CEO Brian Moynihan said on “Face the Nation” this past week, “It’s clear that between Congress, the administration and the American people, we need to get all these funded and not make this a foot race. Banks’ websites went down, and so did the Small Business Administration (SBA’s) sites.

Columbus 149

Columbus Ohio Capital New York 149

PYMNTS

NOVEMBER 28, 2016

banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail. Ford said the decline in bank overdraft lending to small businesses means these companies cannot invest in themselves.

America 100

America Guidelines Report System 100

Abrigo

JUNE 16, 2016

The new guidance aligns the accounting with the economics of lending by requiring banks and other lending institutions to immediately record the full amount of credit losses that are expected in their loan portfolios, providing investors with better information about those losses on a more timely basis,” FASB Chair Russell G.

Resources 150

Resources Exercises Lending Community 150

PYMNTS

SEPTEMBER 30, 2016

The regulatory framework for bitcoin is a mess in Mexico, as it is in most countries, but Bitso, a bitcoin exchange startup, sees a future in Mexico and Latin America. million from investors, such as Monex Group, which conducted $160 billion in transactions last year in Europe, Latin America and the U.S. .”

Bitcoin 100

Bitcoin America National Report 100

PYMNTS

DECEMBER 5, 2016

presidential election and a clearer vision of what SMEs will face from markets and regulators next year, there is also a lot to be optimistic about. $62 Government regulation, cash flow and finding the time to run their business were also top concerns. Luckily, analysts expect that, with the conclusion of the U.S.

Regulation 100

Regulation Report America Policies 100

PYMNTS

APRIL 12, 2018

The National Federation of Independent Business (NFIB) released a survey in February finding record highs in SMB optimism as more entrepreneurs agreed that now would be a good time to grow globally. exporting SMBs, the report found, for 78 percent of firms surveyed, with North America and Asia coming in second and third place, respectively.

Survey 115

Survey Report Marketing America 115

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Major consumer loan compliance regulations.

Compliance 195

Compliance Lending Risk Management Regulation 195

Tomorrow's Transactions

DECEMBER 5, 2016

A few years ago, I wrote that when it came to the regulation of payments, America could do worse than adopt something along European lines. From Regulator will start issuing bank charters for fintech firms. From Regulator will start issuing bank charters for fintech firms. It’s the right way to go.

Fintech 30

Fintech Regulation Lending System 30

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% Amazon Lending. Today, Amazon has expanded its business lending to the US and UK. Amazon SMB Lending.

Cards 101

Cards Lending Strategy US 101

TrustBank

DECEMBER 8, 2022

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52

US Policies Taxes Washington 52

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. While the Gonzo team loves to celebrate our mid-size entrepreneurial banks who “stick it to the man,” we also need to extend a GonzoBanker salute to Bank of America CEO Brian Moynihan. The Real “Lending” Stock Award – Goes to longtime player LendingTree. This year brought us: Mergers out the yin-yang.

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

DECEMBER 23, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center ( FFRDC ). In this case,” he said, “nation-states are looking to gain power by corroding the influence of other countries.”. Scott Sanborn, CEO Lending Club. And Lending Club will change. You know they’re there. They make mistakes.”.

Lending 131

Lending National System Management 131

PYMNTS

APRIL 18, 2016

Plus, research places a price tag on B2B sales efforts, the alternative lending industry and small business expense practices. 36 billion in lending is now happening on alternative market spaces across the Americas, a new report from the CME Group Foundation and KPMG found. billion, according to reports. 48% of U.S.

Lending 100

Lending Survey Meeting Report 100

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. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments.

Conference 195

Conference Payments Fraud Data 195