CFPB Monitor

FEBRUARY 23, 2021

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”

New York 78

New York Lending Report Policies 78

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

DECEMBER 2, 2021

Learn how a core deposit analysis helped improve this institution's forecasts. Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. Lending & Credit Risk. billion from $515.3

Conference 195

Conference San Antonio Lending Fraud 195

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. Mortgage Target Pricing.

Compliance 68

Compliance Risk Management Lending Training 68

Abrigo

JANUARY 13, 2021

As communities across the country continue to struggle with the effects of the COVID-19 pandemic, good news has surfaced as the Small Business Administration (SBA) announces the rollout of another round of Paycheck Protection Program (PPP) funding. Treasury’s analysis showed approximately $3.6 Lending & Credit Risk.

Fraud 195

Fraud Community Lending Analysis 195

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Numerated , a business lending origination platform, partnered with Finastra for a LaserPro integration.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

APRIL 23, 2020

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. LendingTree. Fresno First Bank. Funding Xchange, Experian.

Fresno 142

Fresno Regional Fintech Lending 142

Abrigo

NOVEMBER 15, 2019

Key Takeaways Effective credit risk review promotes lending agility. Effective credit risk review promotes lending agility. Cooley is a former OCC examiner who provides loan reviews, outsourced credit analysis, strategic planning, and risk appetite consulting.

System 150

System Lending Compliance Risk Management 150

PopularBank

JUNE 10, 2021

The rating, which is based on an analysis of financial data reported as of March 31, 2021, signals a superior banking performance. Receiving a superior rating by BauerFinancial is a testament to Popular Bank’s financial strength and commitment to our customers and the communities we serve. banks and credit unions since 1983.

New Jersey 98

New Jersey New York Florida Community 98

Abrigo

APRIL 7, 2022

Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings. If your institutions are a good match, the financial analysis of an acquisition is usually straightforward. Proactive Planning.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

JUNE 5, 2023

the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio). Source: Abrigo Connect Deposit analysis provides insight on surge balances as well as non-core versus core deposits, which are more stable sources of funding for loan growth.

Report 195

Report Risk Management Capital Data 195

ForwardBanker

APRIL 30, 2018

Long before the Great Recession made everyone in the banking industry rethink nearly everything about how they did business, numerous community banks were highly dependent on CRE loans for revenue. The post How Community Banks Can Resecure Their CRE Lending Business appeared first on Deluxe FS.

Community Bank 33

Community Bank Community Lending Industry 33

NCR

DECEMBER 1, 2017

It’s an interesting time to be a community financial institution (FI) right now. For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. “They get better service. .

Community 56

Community Community Bank Michigan Lending 56

PYMNTS

JUNE 26, 2018

In a press release issued on Monday (June 25), the SBA announced a strategic alliance with the American Institute of Certified Public Accountants (AICPA) to help small businesses (SMBs) facing regulatory compliance and enforcement issues. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate.

Management 103

Management Community Bank Community Regulation 103

Abrigo

DECEMBER 16, 2019

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

West Virginia 195

West Virginia Virginia Data Community 195

CFPB Monitor

NOVEMBER 18, 2021

It is clear from the title of the CFPB’s press release announcing the assessment, “ CFPB Seeks Input on Detecting Discrimination in Mortgage Lending ,” that the CFPB is treating this assessment as an initiative addressing fair lending. The specific data points reported under the HMDA Rule that help meet the objectives of the Rule.

Compliance 78

Compliance Data Lending Operations 78

CFPB Monitor

JUNE 13, 2022

The ABA acknowledged that CRA compliance issues are appropriate considerations in bank merger applications, but that the prudential regulatory agencies are already assigned authority under the Bank Merger Act to evaluate such issues. A separate role of the CFPB would therefore be superfluous to existing considerations.”

FDIC 78

FDIC Groups Community Meeting 78

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Fundamentals of BSA. CommunityBank of Texas' citations.

Resources 195

Resources Texas Analysis System 195

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

Independent Banker

JANUARY 28, 2016

Supreme Court held that financial institutions could be held liable for neutral practices that pose adverse lending decisions against certain borrowers, even when there is no intent to discriminate, but with restrictive guidelines. IB: How could fair lending exams change as a result of the Supreme Court’s ruling?

Policies 70

Policies Lending Community Analysis 70

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. For an analysis of the DFS lawsuit, click here.). In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

Abrigo

OCTOBER 4, 2016

As discussed in a previous blog post, Part 1, one such metric is the loan application conversion rate, which measures the efficiency of the lending funnel. Another great resource for getting the word out to the community is to check with local high schools about sponsoring sports teams or placing an ad in the yearbook.

Resources 236

Resources Marketing Strategies Strategy Community 236

PopularBank

MARCH 11, 2020

The rating, which is based on an analysis of financial data reported as of December 31, 2019, signals a superior banking performance for the fourth quarter of 2019 and is the firm’s highest rating. “We Find out more about Popular Bank’s commitment to community service at PopularBank.com/About-us/. banks and credit unions since 1983.

New Jersey 59

New Jersey New York Florida Lending 59

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. Shifts in Lending Practices. Compliance. As is often the case with banks, risks of non-compliance remain high, the OCC noted.

Compliance 115

Compliance System Fintech Report 115

CFPB Monitor

OCTOBER 18, 2018

On October 17, the Bureau released its Fall 2018 Rulemaking Agenda , but it included a surprise for those interested in fair lending. There is certainly support in the statutory language, and the reasoning of Inclusive Communities, for that result. We blogged about the HUD rulemaking most recently here.

Leadership 74

Leadership Lending Regulation Community 74

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. CECL Regulation.

Survey 195

Survey Software Resources Meeting 195

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. ET, Ballard Spahr will hold a webinar, “The OCC Issues Final CRA Rule – What Changed and What’s Next?” Thomas, Ph.D.,

Community 60

Community FDIC Lending Examples 60

Abrigo

APRIL 14, 2020

This flow of repayments is the major source of “liquidity” in the community banking system. The analysis should be revisited regularly through this event to see how actual behavior matches our scenarios. For now, be safe and show everyone why community financial institutions are the backbone of the economy. SBA Lending.

Community 195

Community Lending Meeting Marketing 195

CFPB Monitor

OCTOBER 27, 2022

Using disparate impact analysis and other tools, the Commission can use its unfairness authority to attack harmful discrimination in other sectors of the economy.” . It accomplished this through amendments to its exam manual pertaining to UDAAP rather than through the rulemaking process. which is being challenged in court by the U.S.

Groups 78

Groups Exercises Lending Policies 78

Gonzobanker

OCTOBER 26, 2021

Whatever the good intentions of these new mandates, any new compliance orders require resources, change management, and an understanding of the unintended risks that could arise. Better integration and communication help build stakeholder support and momentum in inspiring team members and partners to do more.

Leadership 97

Leadership Compliance Strategy Branding 97

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Under the current rules, the activities that qualify for CRA consideration generally fall into two categories: retail banking activities and community development (CD) activities.

FDIC 78

FDIC Regulation Community Retail 78

Gonzobanker

APRIL 8, 2020

If it’s full of industry acronyms, wonky terms or compliance-ese, or if it comes across as a cheesy sales pitch, it needs to be rewritten. Evaluate and improve the messaging. An institution’s website should convey helpful knowledge that visitors will want to share with their family or friends.

Leadership 173

Leadership Analytics System Digital Banking 173

Independent Banker

DECEMBER 13, 2015

Community banks face yet another set of regulatory requirements with the recently revised Regulation C reporting rule implementing the Home Mortgage Disclosure Act. The final rule greatly expands data-collection and reporting requirements, compounding existing regulatory and paperwork burdens that restrict lending by community banks.

Community Bank 70

Community Bank Community Resources Regulation 70

American Banker

MAY 26, 2016

Large enough to meet the needs of most customers yet small enough to escape some of the Dodd-Frank Act's most onerous compliance expenses, banks with assets of $2 billion to $10 billion are more profitable, as a group, than their smaller and larger counterparts, according to an analysis by Capital Performance Group.

Analysis 50

Analysis Compliance Groups Meeting 50

PYMNTS

JUNE 27, 2017

We knew that our background in mobile capture and our expertise in using artificial intelligence for image recognition and analysis could be applied to solve this need. JB: We’re based in San Diego, a city that not only has a vibrant and fast-paced software and technology community, but also so many great outdoor activities and attractions.

Innovation 145

Innovation System Mobile Trends 145

CFPB Monitor

JUNE 29, 2016

The Independent Community Bankers of America and the Credit Union National Association have sent a letter to Director Cordray “to express serious concerns” about the CFPB’s proposed rule covering single-payment payday and auto title loans, deposit advance products, and certain high-rate installment and open-end loans.

Community Bank 68

Community Bank Community Groups Lending 68