Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. For CECL, Schroeder explained, the board looked at a range of solutions, from ignoring losses to fair value, and examined each solution to determine if it was operable, understandable, and auditable. How to lessen the impact of CECL on smaller community banks.

Community Bank 150

Community Bank Community Lending Analysis 150

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. The primary resource for deposit account error resolution is Regulation E—the Electronic Funds Transfer Act (EFTA).

Community Bank 91

Community Bank Regulation Community Training 91

Abrigo

NOVEMBER 9, 2022

With just weeks left to complete CECL implementation, how are banks and credit unions doing? How has CECL implementation impacted their operations and reserves for credit losses? CECL's impact on operations. It can also reduce the time spent on documenting decisions and report writing. Process changes.

Survey 195

Survey Software Resources Meeting 195

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

MARCH 2, 2023

But when a storm hit, limitations on the back end due to its insufficient operations technology hampered Southwest’s ability to handle the most basic customer service in that industry: getting customers safely where they needed to be. Executives took a pay cut. To its credit, Southwest was investing in customer-facing technology.

Technology 195

Technology Lending Community Software 195

PYMNTS

JANUARY 23, 2020

In today’s top news, FedEx officially expanded home delivery to include Sundays, Uber’s CEO believes his company is the most likely ride-hailing service to reach profitability, and the OCC prepares a civil suit against 10 former Wells Fargo executives for their roles in its retail banking scandals. FedEx Officially Launches Sunday Delivery.

Fraud 131

Fraud Community Bank Analytics Study 131

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

Community Bank 91

Community Bank Community Software New York City 91

Independent Banker

SEPTEMBER 25, 2014

A community bank’s practical guide to compliance cost control. Few community banks have the luxury of ripping and replacing their entire compliance management strategy, leaving many executives on the hunt for practical tips. Arguably, compliance costs are one of the fastest noninterest expense costs for a community bank.

Community Bank 105

Community Bank Compliance Community Resources 105

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.”.

Lending 70

Lending Community Bank Policies Community 70

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. What events could jeopardize our operational liquidity? Defining Liquidity.

Management 195

Management Meeting Risk Management Operations 195

PYMNTS

AUGUST 24, 2016

In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country. The bank noted there is more than 11,000 authorized merchants. regulations.

Puerto Rico 100

Puerto Rico Cards United States ATM 100

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. By Denise Logeland. Fearful of mistakes.

North Dakota 70

North Dakota Community Bank Community Compliance 70

Independent Banker

JANUARY 28, 2016

As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. IB: What safety and soundness issues are the regulators watching out for this year?

Community Bank 70

Community Bank Community Regulation Lending 70

Independent Banker

JULY 28, 2016

The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. Just how can your community bank do all of those things? What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

AUGUST 26, 2015

She’s chief operating officer and vice president of the mortgage company, a division of Private Bank of Buckhead, in Atlanta. The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Lia webster, private bank of buckhead.

San Francisco 70

San Francisco Lending System Atlanta 70

Independent Banker

SEPTEMBER 22, 2015

Having worked in banking for nearly 23 years and having been preceded in executive leadership by my father and grandfather at our family’s community bank, I have repeatedly heard similar statements from our mortgage customers. They are discovering how regulations are restricting how and when we can close loans (i.e.,

Maine 70

Maine Regulation Washington Community 70

Independent Banker

DECEMBER 28, 2015

The Office of the Comptroller of the Currency published its supervisory priority objectives for midsize and community banks for 2016. The document provides a general guidance of not only the supervisory priorities of the OCC but also a likely consensus of supervisory trends of other federal regulatory agencies. By Tim Cook.

Community Bank 70

Community Bank Compliance Community Lending 70

Gonzobanker

MAY 21, 2019

The following memo outlines my assessment and recommendations concerning our purchase of Acme Bank, a $5 billion institution located in Metropolis, USA. Acme has doubled its size in the past five years with acquisitions of smaller community banks. Principle 3: Embrace External Trends.

Customer Experience 112

Customer Experience Analytics Management Operations 112

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. Even now, however, banks and credit unions with 2023 deadlines are seeking information about what the earliest adopters have learned so far in their implementation efforts. Be willing to change as needed. .

West Virginia 195

West Virginia Virginia Data Community 195

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Real-world testing. “I

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Real-world testing. “I

Tools 70

Tools Community Community Bank Security 70

Abrigo

MAY 8, 2024

GenAI is seeing varied use cases in banking. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Harnessing benefits Generative AI use cases are increasing The excitement kicked up by generative AI, or genAI, has some banks exploring its uses.

Examples 195

Examples Fraud Resources Risk Management 195

Abrigo

JULY 28, 2021

Takeaway 3 Beginning CECL adoption earlier provides time needed for backtesting, documentation, and developing disclosures. CECL has been in the works for more than a decade, and regulators have repeatedly urged bankers to prepare for what the American Bankers Association has called the biggest change to bank accounting ever.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

DECEMBER 13, 2017

The company provides businesses with a way to use digital currencies without running afoul of regulations. survey last year that reported they trust their banks as payment providers, compared to 40 percent that trust their alternative online payment providers. Here are the numbers: $42.5 based BitGo this week.

Bitcoin 123

Bitcoin cryptocurrency Data Community Bank 123

Abrigo

OCTOBER 20, 2016

Technological innovation has enabled FinTech start-ups to compete in a field previously dominated by banks and credit unions. At the same time, early adopters of new technologies, like mega banks, are edging out community banks and credit unions in the fight for customers and creating a rapidly consolidating industry.

Software 150

Software Lending Community Bank Taxes 150

PYMNTS

APRIL 9, 2020

What we need to be told is that we have this document, we have authorization and we’re good to go,” Speight explained. And that is a story, Edwards noted, that he’s heard from his banker in applying for PPP funds for Ingo — and a tale that a lot of community banks with limited assets under management are going to be telling.

Lending 285

Lending Capital Washington Risk Management 285

William Mills

SEPTEMBER 12, 2017

Digital banking solutions for community banks and credit unions. A turnkey solution incorporating CRM, invoicing and payments into a simple solution for the business delivered through the bank’s digital banking solution. They are showing three use cases, now “Whitefall Bank & Trust.”

Samsung 69

Samsung Mobile User Experience Google 69

Fintech Labs Insights

AUGUST 1, 2016

Bankjoy offers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks. It leverages 45+ years of franchise operations experience to help retail investors finance franchises, helping to bring them to market quicker.

How To 12

How To Analytics Millennials Data 12

Fintech Labs Insights

JULY 22, 2015

Behaviosec’s technology recognizes if a conflicting user is operating a device by monitoring the environment, rhythms, and interaction patterns that are unique to each user. Fidor Bank introduced community banking five years ago. Now it is the first bank to offer open RESTful APIs with OAuth2.0,

San Francisco 12

San Francisco Video Fintech Data 12