Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Evolving risks.

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Abrigo

AUGUST 31, 2023

From a security standpoint, forcing customers into Western nomenclature can lead to missed OFAC specially designated nationals (SDN) list matches, and open-source information searches could be lost or overlooked. When customers have no legally issued ID, alternative know-your-customer policies are indispensable.

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Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. Benjamin Franklin famously said that “by failing to prepare, you are preparing to fail.”

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CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

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PYMNTS

MARCH 16, 2016

House of Representatives has spoken out in a new bipartisan letter urging the CFPB to remove small banks and credit unions from its list when developing new regulatory policies that may be designed for larger organizations. This letter was drafted by Reps.

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PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. ” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes.

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Abrigo

SEPTEMBER 26, 2014

Within the financial industry, the word “regulation” often receives a mixed reaction. Last week, the biggest names in banking addressed their balance sheets, and announced the results of their mid-year stress testing practice. Dan Berger, the president and CEO of the National Association of Federal Credit Unions (NAFCU).

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Independent Banker

JULY 28, 2016

Senate Banking Committee. She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. To their credit, federal regulators have already showed they are on board with the approach laid out in FASB’s final standard.

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Independent Banker

MAY 24, 2016

For example, the accounting standard will now be crystal clear that community banks can forgo certain unnecessary or inappropriate disclosures. They avoid what otherwise would have become seriously unworkable accounting requirements for community banks. Soon the regulators will take up the CECL standard.

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Abrigo

AUGUST 5, 2020

is officially in a recession, according to the National Bureau of Economic Research. Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. The national effects remain opaque and will continue to change – do not get complacent.

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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?

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Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. So our examiners will be vigilant in evaluating credit risk, and banks of all sizes should be as well. Curry, U.S. Comptroller of the currency.

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Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Community Bankers Chosen as CFPB Advisors.

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Independent Banker

SEPTEMBER 21, 2015

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. In early 2004, examiners visited her $253 million-asset bank, an experience that revealed a need—someone with a stronger compliance background.

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PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. despite a flurry of concerns over regulations, economic development and more.

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Lending Florida Report Community Bank 116

American Banker

AUGUST 29, 2016

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

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Independent Banker

SEPTEMBER 22, 2015

Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. There is an exception that will be key for many community banks to understand. Biggert-Waters) the bank was not required under federal or state law to escrow taxes or insurance.

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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

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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

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Tools Community Community Bank Security 70

Independent Banker

DECEMBER 13, 2015

However, another ICBA top security priority on Capitol Hill remains to implement uniform national data-security standards, even for retailers. The private and public sectors have to be on the same page to put up a defense and community banks need this information in real time, same as the biggest banks.

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Washington Community Bank Security Retail 70

Independent Banker

NOVEMBER 24, 2015

However, another ICBA top security priority on Capitol Hill remains to implement uniform national data-security standards, even for retailers. The private and public sectors have to be on the same page to put up a defense and community banks need this information in real time, same as the biggest banks.

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Washington Community Bank Security Retail 70

American Banker

MARCH 14, 2016

We are reminded frequently that policies with the best intentions often do not reach their intended recipients and at times lead to previously unforeseen issues.

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Regulation Policies Community Bank Regional 28

Independent Banker

MARCH 15, 2015

It was a prescient move for Hartings and the $450 million-asset community bank, which comfortably weathered the downturn even though residential mortgages are its biggest business line—but not everyone appreciated Hartings’ common-sense approach at the time. Policy Development. Housing Policy Task Force, member.

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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.

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American Banker

NOVEMBER 2, 2016

Consumer compliance is already an important issue for regulators. Banks that seek deal approval should make sure their cross-sale and incentives policies – along with those of their targets – are run properly.

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South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor.

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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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Gonzobanker

DECEMBER 17, 2021

Bank Merger of the Year. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Huntington and TCF merge to create the $170 billion Midwest dynamo and vault them into one of the top 10 banks in the country. The Bank That Gets Fintech.

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American Banker

DECEMBER 23, 2016

From the election's policy implications for banking to deep analysis of the Wells Fargo scandal, here are some of our favorite stories of the year. Stay tuned for Part II.

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Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Keeping community banking interests front and center. 812) and the Community Bank Access to Capital Act (H.R. Washington Policy Summit. By Courtney Schoenborn.

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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. She says plaintiffs must not only show a disparate impact but also must tie that claim to a specific policy or policies.

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Independent Banker

MARCH 27, 2016

That’s why community banking resonates so strongly with me. Community bankers aren’t just there for their customers during work hours on weekdays. Without fail and without hesitation, you can count on ICBA to vigorously defend and promote your community bank and your industry’s reputation. This is why ICBA exists.

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Community Bank Community Washington Virginia 70

Abrigo

JULY 28, 2021

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. Starting now affords enough time to enhance policies, procedures, and systems. The CECL standard is non-prescriptive.

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CFPB Monitor

OCTOBER 25, 2019

The panel members are: Claire Kramer-Mills, Assistant Vice President and Director of Community Development Analysis, Federal Reserve Bank of New York. David Burton, Senior Fellow in Economic Policy, Heritage Foundation. The panel will be moderated by Elena Babinecz, Managing Counsel in the Bureau’s Office of Regulations.

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Jeff For Banks

MARCH 29, 2014

These services are provided through a variety of delivery systems including automated teller machines, private banking, telephone banking and Internet banking. We believe we can effectively compete as a community bank in our market area and the niche markets we serve. We focus our marketing efforts in three areas.

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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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Washington Policies Community Community Bank 70

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

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