Independent Banker

AUGUST 31, 2021

Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory. By Mary Thorson-Wright. Legislative updates.

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Independent Banker

SEPTEMBER 21, 2015

Tips on how to keep up with never-ending Bank Secrecy Act compliance. It may seem lately that complying with Bank Secrecy Act and anti-money laundering rules is a Sisyphean task. Of course, keeping up with those four tasks for managing BSA compliance are enough to keep a team of bankers busy. By Karen Epper Hoffman.

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American Banker

FEBRUARY 24, 2024

His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington. Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said.

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CFPB Monitor

SEPTEMBER 21, 2015

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

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Independent Banker

MAY 26, 2016

It’s yet another fiasco of meddlesome overregulation that could have been avoided, says Becky Miller, vice president and compliance officer for the $90 million-asset Farmers Trust and Savings Bank in Williamsburg, Iowa. Under the glorified goal for “simplification” touted by policymakers cosseted in far-off Washington, D.C.,

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American Banker

AUGUST 11, 2023

The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.

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Independent Banker

DECEMBER 29, 2015

Of course, Basel III—otherwise known as the Third Basel Accord—is a global regulatory framework on bank capital adequacy, stress testing and market liquidity risk. Most concerning has been the safety-and-soundness regulation’s unnecessary effect on reducing certain lending by community banks, say Kendrick and several community bankers.

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Jeff For Banks

DECEMBER 16, 2022

The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. Prior to starting CCBX and for the year ended 2017, the Company had $806 million in total assets and $5.4 million in net income for an ROA of 0.73%.

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Independent Banker

MARCH 15, 2015

That dynamic provides a unique opportunity for individual community bankers to tell their stories to their federal lawmakers, which has always been a vital part of getting ICBA’s pro-community banking legislative agenda enacted. No advocacy is more effective in Washington than direct grassroots engagement,” Stetter says.

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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.

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Independent Banker

DECEMBER 28, 2015

Starting early with HMDA may give your community bank a cushion to address unexpected bumps in the road. Start by having conversations with staff and with your bank’s software vendors. Richard Horn ( rich@richhornlegal.com ) is the principal of Richard Horn Legal PLLC, a regulatory compliance law firm in Washington, D.C.

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Gonzobanker

APRIL 28, 2016

According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. We are hopeful that community banks will also pursue efforts to communicate the real cost of regulatory burden to our friends in Washington.

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ForwardBanker

MARCH 3, 2016

Last week 5,000 credit union leaders gathered in Washington DC for CUNA’s annual Government Affairs Conference (GAC). Given the heightening battle of legislative tug of war between banks and credit unions, that’s a reasonable use of time. As its name implies, the GAC is heavy on congressional interaction and industry advocacy.

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Independent Banker

JULY 8, 2015

Absent Congress actively changing the law, however, the Supreme Court has issued a decisive opinion that sets an important precedent on the disparate-impact issue for community banks and the rest of the financial services industry. The case in question— Texas Department of Housing and Community Affairs v.

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Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Community bank marketing resources. Popular Community Bank in Miami. Did we hear a whaaaa?

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Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

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Independent Banker

SEPTEMBER 21, 2015

Supreme Court, it is, and the high court’s recent ruling to that effect is likely to affect community banks, their regulatory examinations and their potential exposure to fair lending lawsuits. Furthermore, community banks still have the defense of “showing a business reason to justify their policies.”.

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American Banker

JANUARY 16, 2020

Lenders grew more optimistic that Congress will undo or narrow the loan-loss accounting standard after members of a House subcommittee assailed Russell Golden for approving the rule without studying its impact on credit availability.

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Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. THE BANKING AWARDS. GonzoBanker of the Year – Large Banks.

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Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

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Independent Banker

OCTOBER 1, 2022

Neil Zick, president and CEO of Twin City Bank, helped Tim Norris obtain financing to start The Link Cannabis Co. When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., It’s a strategy that an increasing number of community banks are embracing.

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CB Insights

MAY 15, 2019

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking. PWC — Center for Technology and Innovation (CTI).

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Independent Banker

FEBRUARY 16, 2015

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.) So I would say he’s open to things we are concerned about.”.

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