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ICBA: Building Bridges For The Next Generation Of Community Banks

PYMNTS

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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Fighting Digital with Digital

Independent Banker

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

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Banking on a Winner: Fostering innovation to compete in today’s financial environment

ZootBlog

So what does this have to do with banking? In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Banks have to put themselves in competition-type scenarios so they can deliver a superior performance when it counts. Everything.

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The 2022 GonzoBanker Awards

Gonzobanker

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to CSI.

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The 2023 GonzoBanker Awards

Gonzobanker

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. GonzoBanker of the Year (Mid-Size Bank) – goes to David Findlay, CEO of Lakeland Financial. The Bank Regulator Working for Merchants Award!

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AI, Security And Loosened Rules: How The US Wants To Boost FinTech

PYMNTS

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. financial technology efforts. Treasury Department. FinTech Growth.

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 Dodd-Frank Looms For Capitol Hill Consideration

PYMNTS

In general, as noted in Financial Times , there’s been a lack of new legislation shifting the ground beneath the financial industry’s feet. From the Treasury Department on down, that has lightened day-to-day regulatory scrutiny of banks. Capital requirements would be loosened and stress tests would come less than once a year.