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Evaluating New Tech Investments – Let the Purpose Define Your Strategy

Jack Henry

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

Strategy 148
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OCC CRA Final Rule: What’s Next for the FDIC and Federal Reserve Board?

CFPB Monitor

When the OCC issued its final Community Reinvestment Act (“CRA”) rule on May 20, 2020, the agency acted alone without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued its proposed rule. As to the Federal Reserve Board (“FRB”), it had already bowed out of the CRA reform effort in 2019.

FDIC 78
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Does your bank need cyber insurance?

Independent Banker

We explore how it can protect banks against financial losses and provide resources in the event of a cyber attack. AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. By Beth Mattson-Teig.

Montana 152
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FDIC to Host Teleconference on ATR/QM and Loan Originator Compensation Final Rules

CFPB Monitor

the FDIC’s Division of Depositor and Consumer Protection will host a teleconference as part of its periodic series of events for bankers on important banking regulatory issues in the compliance and consumer protection area. Specifically, the teleconference will address issues raised by community banks about these rules.

FDIC 74
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. We took a serious reputational hit. Some seemed panicked.

FDIC 78
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. Would you like other articles like this in your inbox?

Community 195
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Financial Institution Regulators Address Financial Inclusion, Expansion of Access to Credit, and Further Consumer Protection from Discrimination

CFPB Monitor

FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion. On July 23, 2020, the FDIC released a podcast entitled “The Role of Minority Banks.” banking system.