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7 Reasons To Focus More on Hedge Fee Income

South State Correspondent

Many community banks are searching for ways to increase fee income, and many bank CEOs have concluded that fee income is a significant driver of revenue and profitability. We argue that larger banks do not have an inherent advantage over community banks in generating fee income because of their scale.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. community banks and small business lending. Crypto Regulations. As has been reported, the U.S.

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Why Bank Shareholder Succession Matters

Jeff For Banks

You may be aware that Wellington is a significant institutional investor in community bank stocks. I wanted to know from him what he thought community banks should do about shareholder succession. Actually calculate the jobs supported through local lending. Probably should check with SEC counsel first. )

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On The Hill, Banking’s Biggest Get Grilled

PYMNTS

Questioning from lawmakers focused on small business lending as well, where banks have, according to stats cited at the hearing, accounted for only 25 percent of lending to those firms. Others mentioned shadow banks, which are non-bank lenders. Dimon called out the shadow banking concerns in last week’s letter.)

Lending 158
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Show Me the Money: Banks and Credit Unions Need to Establish a Chief Revenue Officer Position

Gonzobanker

These days, community banks and credit unions are mostly clear about where their IT dollars went over the past few years and where their institutions will spend their technology dollars in 2021 to achieve their priorities. A Google search for “chief revenue officer in banks” resulted in 161 million hits. Money: It’s a Hit.

Lending 128
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Democratic Congressman Bill Foster seeks chairmanship of House Financial Services Committee Fintech taskforce

CFPB Monitor

Waters and the subcommittee chairs to understand and examine developments in the Fintech industry, “including marketplace lending for consumers and small businesses, partnerships with traditional financial institutions, cryptocurrency, blockchain, alternative data utilized in credit underwriting, artificial intelligence, and machine learning.”.

Fintech 68
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Digital Disruption

Independent Banker

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.