Banks try pooling resources to help defray AML costs
American Banker
JANUARY 12, 2020
A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead.
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Lenders Getting Ready for Second Round of PPP Funding
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). However, the bank will be able to use technology allowing them to submit applications to E-Tran in bulk this time around, so he is hopeful the process will be even faster.
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Regulators Need to Approve New Types of Banks: N.C. Banking Commish
American Banker
MARCH 11, 2016
Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".
Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
American Banker
SEPTEMBER 22, 2016
Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.
Bankers Need to Accept Inevitable on FASB Loan-Loss Plan
American Banker
MARCH 10, 2016
That is the message from North Carolina's banking commissioner and others who think the odds of preventing the rule are so low, and the amount of preparation needed to comply so great, that bankers should get real.
The 2023 GonzoBanker Awards
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. The Bank Regulator Working for Merchants Award!
LendingTree Launches CRA-Eligibility Tool
Fintech Labs Insights
JUNE 27, 2016
Online loan marketplace LendingTree launched a new tool to help lenders comply with Community Reinvestment Act (CRA) regulations, which were enacted in 1977 to encourage banks to rebuild communities. LendingTree uses alerts and recommendation engine to show users money-saving opportunities.
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