PYMNTS

OCTOBER 23, 2018

The New York Attorney General announced that Wells Fargo & Company has agreed to pay a $65 million fine in connection with its “cross-sell” business model, related sales practices, and publicly reported cross-sell metrics. In addition, the company reported cross-sell metrics that falsely showed the success of that strategy.

New York 139

New York Fraud Community Bank Strategy 139

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. They need a marketing person to title their reports.

Lending 60

Lending Regulation Community Community Bank 60

Abrigo

APRIL 23, 2020

Key Takeaways Regulators and industry officials provided insight for lenders entering the second round of funding for the Paycheck Protection Program (PPP). Despite concerns that hundreds of thousands of applications from lenders are already queued up and will gobble up new funding immediately, Lara-Figueroa said that is not the case.

Lending 221

Lending Los Angeles North Carolina Community 221

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. In her letter , Linda Lacewell, the DFS superintendent, said she expected regulated depositories under DFS supervision to: 1.

Lending 78

Lending Regulation Community National 78

Abrigo

OCTOBER 23, 2014

CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations. But how can this growth be managed appropriately? In addition, risk analyses should be performed regularly.

Risk Management 186

Risk Management Management Lending Resources 186

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But what about Bank of New York Mellon. Below is their segment reporting from 2001 and 2010. I hear and read this often.

Community Bank 70

Community Bank Community Apple National 70

Independent Banker

SEPTEMBER 25, 2014

As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. Federal regulators say, not always. Federal regulators say, not always. When to in-source.

Community Bank 70

Community Bank Compliance Risk Management Community 70

CFPB Monitor

OCTOBER 25, 2019

Section 1071 amended the ECOA to require financial institutions to collect and report certain data in connection with credit applications made by women- or minority-owned businesses and small businesses. The panel will be moderated by Elena Babinecz, Managing Counsel in the Bureau’s Office of Regulations.

Tampa 60

Tampa Lending California Community 60

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. and the U.N.

National 195

National Training United States Regulation 195

Jeff For Banks

APRIL 25, 2014

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. The question: What was up with an upstate New York bank? of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc.

Community 92

Community New York Indiana Connecticut 92

Independent Banker

SEPTEMBER 21, 2015

Compliance experts say that by planning ahead, reviewing current compliance status and risks, using technology when needed, and staying up-to-date with training, community banks can indeed weather the storm of regulatory exams and come out fine on the other end. So what can a community bank with limited resources do?

Training 70

Training Compliance Community Bank Community 70

Independent Banker

DECEMBER 13, 2015

Vehicle loan originations reached almost $120 billion during the second quarter of 2015, states the New York Fed’s Household Debt and Credit Report. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans.

Community Bank 70

Community Bank Lending Community Security 70

Independent Banker

NOVEMBER 24, 2015

Vehicle loan originations reached almost $120 billion during the second quarter of 2015, states the New York Fed’s Household Debt and Credit Report. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans.

Community Bank 70

Community Bank Lending Community Security 70

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Q2’s Joe Cody.

Community 216

Community Fintech Industry Innovation 216

CFPB Monitor

OCTOBER 13, 2020

The comments can be viewed on the Regulations.gov website , which is reporting the filing of over 700 comments on the Proposed Rule (with 548 having been posted as of the date of this blog). The comment period for the Proposed Rule closed on September 3, 2020.

Lending 60

Lending Colorado FDIC National 60

CB Insights

FEBRUARY 20, 2020

GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Download the free report for all the details. This “rebundling” trend is seeing heavy concentration around bank accounts, especially as regulations like Open Banking have made it easier to launch bank accounts. First name. Company name. Phone number.

Fintech 80

Fintech US Lending Cards 80

Gonzobanker

DECEMBER 20, 2019

. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying community banks. like signing a $53 billion, 239-branch bank and getting it implemented.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 22, 2015

Community bank marketing resources. With market opportunity heating up and big bank and big credit union competitors hitting hard, too many community banks lack marketing resources … or they have 2X more spending in sponsorships than the campaigns, analytics and digital sales improvements that actually bring in new business.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 19, 2016

The “Slo Mo” Merger Award – Goes to New York Community Bancorp for its glacial wait for approval of its proposed acquisition of Astoria Financial Corp. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. It’s funny, tongue-in-cheek and just plain different.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

The “Slo Mo” Merger Award – Goes to New York Community Bancorp for its glacial wait for approval of its proposed acquisition of Astoria Financial Corp. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. It’s funny, tongue-in-cheek and just plain different.

Utah 60

Utah System Community Marketing 60

Fintech Labs Insights

AUGUST 1, 2016

To give you a sense of the many new ideas at the upcoming FinovateFall conference in New York, we’ve launched our Sneak Peek series. Bankjoy offers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks.

How To 12

How To Analytics Millennials Data 12

PYMNTS

NOVEMBER 23, 2016

Cloutier, the president of MidSouth Bank. He added to The New York Times reporters interviewing him, “Tell your editors that they need to run a headline that says ‘Main Street Won.’”. Big banks, however, on Wall Street, have been (by the numbers) the big winners so far.

Community 100

Community America Maine Regulation 100

PYMNTS

AUGUST 14, 2017

As was noted late last month in the New York Post , Republican Rep. The Hill reports that regulators have fined those companies “significantly less” during the dawn of the Trump era than had been seen over the same timeframe last year. The government wants to stop cyclical risks, according to reports.

Fintech 100

Fintech Regulation United States Lending 100