Abrigo

JANUARY 8, 2016

A lengthy report released recently by the U.S. The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. “For

Regulation 150

Regulation FDIC Survey Community Bank 150

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The outlet reported that the file “comes back clean via a scan at Virustotal.com,” however, the file’s body was said to include a link to a site that was malicious.

FDIC 134

FDIC Community Community Bank National 134

Abrigo

MARCH 2, 2023

Experts have highlighted numerous lessons from Southwest’s experience, many of which can benefit bank and credit union executives, regardless of their institution size, as they manage competing priorities for spending and growth initiatives on banking solutions. Systems often fail at the worst time.

Technology 195

Technology Lending Community Software 195

Abrigo

SEPTEMBER 14, 2022

Takeaway 2 Section 1071 would require the collection and reporting of 13 specific data points and allow the CFPB to require additional data. The CFPB plans to issue a final rule implementing Section 1071 small-business reporting requirements by the end of March 2023, according to court filing. The proposed rule , unveiled Sept.

Lending 195

Lending Data Regulation Community 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

PYMNTS

MAY 22, 2018

That change would become effective 18 months after the bill is enacted — though the SIFI designation immediately lift for banks with assets under $100 billion, according to a Height Research report by Ed Groshans, senior vice president at the firm. As of late Tuesday afternoon, the bill, which has passed the U.S.

Regulation 100

Regulation Regional Community Innovation 100

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank 172

Community Bank Community National Philadelphia 172

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. It can also reduce the time spent on documenting decisions and report writing. keep me informed.

Survey 195

Survey Software Resources Meeting 195

Independent Banker

FEBRUARY 24, 2016

Just about every community bank makes commercial real estate loans. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Seventy to 75 percent of the $871 million community bank’s portfolio involves CRE loans. “We

Community Bank 70

Community Bank Lending Community Regulation 70

American Banker

MARCH 16, 2016

on Wednesday over a watchdog report that said the agency used abusive tactics to stop banks from offering refund anticipation loans. Lawmakers sharply criticized the Federal Deposit Insurance Corp.

FDIC 28

FDIC Report Community Bank Community 28

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). This was abundantly clear while I was reading a 10k and forgot the bank. In preparation for meetings, I frequently read 10k''s.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

CFPB Monitor

OCTOBER 13, 2020

The comments can be viewed on the Regulations.gov website , which is reporting the filing of over 700 comments on the Proposed Rule (with 548 having been posted as of the date of this blog). By contrast, all 26 House Financial Services Committee Republicans wrote the OCC and the FDIC in support of the rulemaking.

Lending 60

Lending Colorado FDIC National 60

Independent Banker

AUGUST 26, 2015

Webster says 75 percent of Private Bank’s borrowers select the electronic signature option after its loan officers explain the process to them. “We Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Legal aspects.

San Francisco 70

San Francisco Lending System Atlanta 70

American Banker

JULY 25, 2016

Regulators are removing several items from call reports, including details on troubled-debt restructurings and loss-share portfolios. Bankers are pleased, but the absence of certain data could frustrate outsiders.

Report 28

Report Regulation Data FDIC 28