Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

Data 195

Data Lending Compliance Resources 195

Abrigo

MAY 30, 2023

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. You might also like this one-page summary of key dates and deadlines for complying with the 1071 rule.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

AUGUST 30, 2022

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. Takeaway 1 Commercial loans have remained strong through the pandemic despite high inflation rates and unstable conditions. Market conditions. Knowing the why.

Strategy 195

Strategy Lending Risk Management Analysis 195

South State Correspondent

SEPTEMBER 27, 2023

Loan portfolio asset allocation should be active. In this article, we analyze a typical bank loan portfolio to uncover its weaknesses and then point out some improvements that can be put into place over the next year to limit risk. Many of these loans were made in 2020 when rates plummeted during the pandemic.

Lending 195

Lending US Marketing Capital 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 3 Leverage the low interest rate cycle and your ability to fund loans affordably when pricing ag loans. You might also like this webinar watch. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

Abrigo

JUNE 29, 2022

Ag Sector Outlook Presents Opportunity and Risk for Lenders Higher prices for agricultural producers and continued gains in farmland values are meeting rising interest rates and input costs. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." agricultural sector outlook.

Kansas City 195

Kansas City Kansas Lending Oklahoma 195

Abrigo

AUGUST 28, 2022

A better ag lending process makes applying smoother for borrowers and can allow efficient ag loan growth without adding a lot of staff. You might also like this webinar, "Position yourself for high-yielding ag loan growth." Want to harvest growth in the financial institution’s agricultural loan portfolio?

Lending 195

Lending Analysis System Data 195

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. WATCH WEBINARS Takeaway 1 All businesses perform industry analysis, but financial institutions in particular must know their customers' competitive landscape.

Analysis 195

Analysis Industry Risk Management Lending 195

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. Major consumer loan compliance regulations. Incorporating Reg B requirements into a consumer lending solution means the online loan application will be compliant.

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

JANUARY 7, 2021

Who can apply for PPP second-draw loans and other info SBA lender guidance outlines second-draw PPP eligibility and requirement to show 25% reduction in gross receipts. You might also like this infographic on PPP second-draw loan eligibility. Businesses eligible for second-draw PPP loans. small businesses.

Taxes 195

Taxes Lending Connecticut Capital 195

Abrigo

MARCH 2, 2023

Whether the credit union or banks’ systems are designed to handle complex tasks such as staffing or are Excel spreadsheets tracking loans in the pipeline, they usually buckle under stress rather than when it’s convenient for the company or financial institution. Does the loan system foster cross-functionality?

Technology 195

Technology Lending Community Software 195

Abrigo

FEBRUARY 23, 2023

You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits. I don’t want my veteran bankers writing a credit memo,” he said. “I

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

SEPTEMBER 20, 2021

Data on Loans to Small Businesses is CFPB's Focus A proposed rule requires a wide variety of lenders to begin collecting new data on small business loans. . A broad small business lending data rule. The proposed small business lending data collection rule, unveiled Sept. What Loans Are Covered.

Lending 195

Lending Data Compliance Regulation 195

Independent Banker

APRIL 30, 2022

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Quick Stat.

Lending 158

Lending Community St. Louis Community Bank 158

Abrigo

SEPTEMBER 1, 2020

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability. PPP drove major technology upgrades. PPP drove major technology upgrades.

Lending 195

Lending Risk Management Technology Survey 195

Abrigo

SEPTEMBER 1, 2020

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability. PPP drove major technology upgrades. PPP drove major technology upgrades.

Lending 195

Lending Training Technology Survey 195

PYMNTS

JULY 15, 2019

While concerns over a possible upcoming economic recession are beginning to seep into the corporate world, and while smaller businesses are struggling to find adequate talent to grow, overall, some economists welcomed the most recent payroll figures from the U.S. Their banks are calling in the loans and cutting them off.”. “If

FDIC 142

FDIC Analysis Lending Data 142

Independent Banker

JUNE 30, 2022

relaunch their business. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

NOVEMBER 30, 2021

First Southwest Bank is carving out new business models to address a need for credit and financial services through nonprofit lending programs and software that leverages its community development financial institution (CDFI) funding. “If million in grants and loans to nearly 500 businesses across the state.

Colorado 119

Colorado Community Bank Community New Mexico 119

Ublocal

JUNE 5, 2023

Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. SBA loans were created to fill that gap. Contrary to popular belief, SBA loans aren’t just for start-ups or businesses that get turned down for conventional loans.

New Hampshire 98

New Hampshire Vermont Resources Taxes 98

PYMNTS

APRIL 15, 2020

Agricultural Bank of China Tests App for Country’s Digital Currency. Screenshots of an app that the Agricultural Bank of China (ABC) developed for mobile phones was seen on WeChat on Tuesday (April 14). JPMorgan Says It’s Processing 300,000 PPP Loans. Bullard believes it’s now time to test everyone throughout the country. .

St. Louis 133

St. Louis Mobile Payments Resources 133

PYMNTS

OCTOBER 27, 2019

lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer. billion, or 15.3

South Dakota 104

South Dakota North Dakota Wyoming Idaho 104

PYMNTS

OCTOBER 27, 2019

lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer. billion, or 15.3

Lending 103

Lending South Dakota North Dakota Wyoming 103

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. It takes something truly special to be a partner with a small business, and that's something community banks have the ability to do.".

Community 193

Community Community Bank Regional Lending 193

South State Correspondent

OCTOBER 19, 2023

What Harley Davidson was selling and its brand proposition was the ability of a 45-year-old accountant or small business owner to dress up in leather and scare small towns with the bass throttle of their engines. Maybe it is the financial knowledge about a specific industry, such as agriculture. The answer was a lifestyle.

Branding 195

Branding Marketing Company America 195

PYMNTS

MAY 31, 2019

Sometimes eight-year-olds need $2,500 loans, and the credit unions that can provide them – thus putting young entrepreneurs on the path to future financial success – stand to win lifetime members. Tailoring Loans to Young Entrepreneurs . There is some risk when it comes to offering loans to young members.

Community 115

Community Lending social media Cards 115

Perficient

NOVEMBER 22, 2022

The reduced interest rate applies to credit card debts, car loans, business obligations, student loans and other debts, as well as fees, service charges, and renewal fees. Protection for small-business owners. This applies to business debts and obligations. Termination of residential lease agreements.

National 275

National United States America Lending 275

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Assessing best practices, rates, marketing efforts and more can position loan producers for future success in unpredictable market conditions. Consider risk-based pricing for all loans. Photo by Fizkes/iStock.

Lending 103

Lending Strategy Community Bank Community 103

PYMNTS

AUGUST 23, 2019

Payroll provider OnPay is collaborating with accounting software company Xero to bring back-office services to the agricultural industry, Accounting Today reported on Wednesday (Aug. With Farm Credit Services of America , OnPay and Xero already have a relationship through the Magnify agriculture management software.

Industry 112

Industry Software America Taxes 112

PYMNTS

JUNE 26, 2018

Regulators are probing the industry’s conduct with small business lenders, and all four of its top banks — Commonwealth, Westpac, Australia and New Zealand Banking Group and National Australia Bank — admitted wrongdoing in May. Now, authorities are reportedly launching a more targeted inquiry into how lenders treat the agriculture industry.

Regulation 123

Regulation Lending Groups Industry 123

PYMNTS

JULY 2, 2020

will combine its agriculture and FinTech expertise with ClearBank’s API and Banking-as-a-Service tech to aid businesses in post-COVID-19 recovery. ClearBank CEO Charles McManus said Oxbury was fulfilling a “vital” need by “providing the agricultural community with a focussed and trusted banking provider.”

Payments 130

Payments Lending Community Fintech 130

Independent Banker

JUNE 30, 2019

In fact, we provide about 60% of small business loans and 80% of agriculture loans, and those numbers continue to climb. In my days as a community banker, I ran across many opportunities to be inspired in loan offerings. Its loan portfolio is 95% agricultural, fueled by two loan officers who are also farmers.

North Dakota 105

North Dakota Community Bank Montana Community 105

Independent Banker

AUGUST 31, 2021

Becoming known in a particular segment—whether that’s small business lending, serving niche industries or something else—can be a boon for attracting and retaining customers because it distinguishes you from the competition. Change loan growth trajectory. “You can’t just be the community bank that looks like the bank across the street.

Community Bank 170

Community Bank Community Lending Leadership 170

Abrigo

JANUARY 27, 2020

Thoughtfully consider whether or not your CU can safely and properly serve hemp-related businesses. Strengthen credit risk by improving your credit union's loan underwriting standards. Know the ins and outs of banking hemp-related businesses. Key Takeaways Make sure your credit union is filing SARs and CTRs properly.

Risk Management 195

Risk Management Regulation Management Report 195

Abrigo

JUNE 25, 2015

During leaner years is often when the demand for ag loans increases , as it’s common for those full-time farmers to tap into their community bank to cover operating costs or invest is other lines of the agricultural business. billion in farm loans in Q1, accounting for about 80 percent of its total assets.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

PYMNTS

DECEMBER 23, 2020

Gretchen Whitmer is extending assistance to local restaurants and small businesses by way of Supplemental Nutrition Assistance Program (SNAP) benefits, ABC reported on Wednesday (Dec. As we head into another Michigan winter, I’ll continue to do everything I can to support our families and small businesses,” Whitmer said, per ABC.

Michigan 150

Michigan Policies Online Report 150

Independent Banker

JUNE 30, 2022

Inflation and rising interest rates to combat inflation are defining the current business environment. Stress test your loan portfolio. David Ruffin, principal of IntelliCredit, which offers cloud-based solutions for credit risk analysis, suggests pairing stress testing with loan reviews. By Judith Sears.

Management 103

Management Community Bank Community Regulation 103