PYMNTS

MAY 12, 2016

In reference to regulations directly impacting the banking industry, Dimon promised that “we’re going to satisfy the regulators” and noted: “When I travel around America, I get a huge amount of complaints about regulation. Small business, middle market, large companies. And I agree with that.”

Regulation 100

Regulation Community Bank Community America 100

PYMNTS

APRIL 10, 2017

The lead regulator for U.S. banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. Bradley Linskens was reportedly removed from his position as a result of the bank’s unauthorized accounts scandal that surfaced last year.

Regulation 100

Regulation California Community Bank Cards 100

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. community banks and small business lending.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

JUNE 11, 2018

Also in Australia, and apropos to small business lending, Prospa delayed issuing additional shares on the country’s stock exchange, in part due to pressure from financial services regulators in that country. community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated.

Regulation 100

Regulation Community Bank Lending Industry 100

PYMNTS

APRIL 16, 2019

Elsewhere, Federal Reserve Governor Michelle Bowman said last week, as reported in ABA Banking Journal , that outsourced risk management guidance may need to be reworked, as complex regulations have been hindering community banks’ efforts to embrace innovation.

Fintech 211

Fintech San Francisco National Innovation 211

Abrigo

MARCH 6, 2017

3) @JohnRBarlow – John Barlow is president of Barlow Research, which provides market research for commercial banks. His Tweets mix news about middle market, small business and business internet banking with occasional pop culture references. It often Tweets columns tied to breaking news and statistics.

social media 150

social media Lending Community Community Bank 150

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

Independent Banker

SEPTEMBER 25, 2014

Pennsylvania community bank compliance officer, James E. Mastroianni, as vice president for Sweickley Savings Bank, leads much of the compliance efforts at the $330 million-asset community bank in Coraopolis, Pa. General Highlighting Regulation & Compliance' Compliance officer James E. Mastroianni.

Compliance 70

Compliance Community Bank Resources Pennsylvania 70

Jeff For Banks

APRIL 4, 2024

And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands. Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Such as direct lending funds, and insurance companies.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Abrigo

JUNE 5, 2023

In addition, even before the recent banking troubles, regulators have emphasized the financial institution’s responsibility to provide leaders with information on key areas of planning, operations, and risk management. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

Jeff For Banks

DECEMBER 16, 2022

The first bank to crack the Top 5 over $50 billion did so in 2020. As a reference, the best SIFI bank in five-year total return this year was JPMorgan Chase at 82nd overall. My method was to search for the best banks based on total return to shareholders over the past five years. billion of total assets, $36.7

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

MARCH 26, 2018

Those that are retiring include Jim Richards, head of financial crimes risk management, Kevin Oden, head of operational risk and compliance, Keb Byers, enterprise risk head and Vic Albrecht, community banking risk group head. All are retiring in April, May or June. The Fed has never before placed limits on how large a company can grow.

Risk Management 100

Risk Management Management Compliance Groups 100

Independent Banker

JUNE 30, 2022

The latter part of this equation, inclusion, refers to the goal of every single employee feeling able to bring their whole self to work—to feel valued and accepted just as they are. So, how can community banks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

South State Correspondent

APRIL 24, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. Many banks are uncertain that they have chosen the best term index for their products and markets. Banks prefer an index that follows their cost of funding.

Lending 195

Lending Community Bank Community Marketing 195

Gonzobanker

MAY 8, 2015

Jamie Dimon, CEO of JPMorgan Chase, said it best in his recent letter to shareholders with his reference to emerging digital lenders. As the sessions progressed a theme began to manifest that the traditional banking model has failed our customers and these digital lending platforms intend to reshape the industry, one process at a time.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

MAY 31, 2017

Against this backdrop, Elan has been waging campaigns to get smaller banks to promote their cards as not only for primary use (and via plastic) but for default use as well, to close the gap with the larger and national players through debit rewards programs and other incentives. And that’s creating a problem for smaller institutions.

ATM 100

ATM Millennials Cards Management 100

Jeff For Banks

MARCH 27, 2010

Regulators have been particularly harsh to those banks whose business plans call for other-than-traditional deposit acquisition. If your bank has brokered deposits, Internet deposits, jumbo CDs, rewards checking, and in some cases CDARs, a regulator near you may be calling to order you to seek more traditional funding.

Indiana 60

Indiana FDIC Strategy Regulation 60

Gonzobanker

DECEMBER 17, 2021

Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Eric has always been a student of innovation, and now at Coastal, this fearless leader has spearheaded a number of high-profile banking-as-a-service partnerships. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue.

Fintech 143

Fintech Strategy Leadership Lending 143

NCR

OCTOBER 23, 2017

He told Bloomberg that the traditional banking sector could face complete obsolescence in as little as five to 15 years as new technology providers deliver a more compelling offering. Mr. Jenkins likened this to a ‘Kodak moment’ for the industry – a reference to the cautionary tale of the fate of the iconic camera maker.

Technology 69

Technology Maine Examples Innovation 69

PYMNTS

APRIL 9, 2020

That then limits how many PPP loans any bank can process for their SMB customers who are interested in the program. For Speight and Planters First Bancorp, they’ve hit capacity already and are now referring SMBs to others.

Lending 285

Lending Capital Washington Risk Management 285

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. billion-asset MainStreet Bank in Fairfax, Va. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. “At

Community Bank 209

Community Bank Community Texas Dallas 209

Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. Once factors like the economy, new regulations, management changes, or even natural disasters are factored in, a greater allowance may be necessary.

Policies 195

Policies Data Examples Lending 195

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. Regulators have said that data quality is a critical component of the CECL estimate. The CECL standard is non-prescriptive.

Resources 195

Resources San Antonio Data Regulation 195

PYMNTS

JULY 3, 2017

The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. Community banks are spending more money and resources on hiring compliance people than they are on lending to their community,” he said. Distributed Ledger Technology.

Payments 113

Payments Bitcoin Compliance Community Bank 113

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

South State Correspondent

APRIL 15, 2024

As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. Lesson 2: Leadership Matters Jamie Dimon cites military decision making referring to the term OODA loop (observe, orient, decide, act) that we have written about HERE.

Community 195

Community Community Bank Leadership America 195

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

Fintech Labs Insights

JULY 22, 2015

Fidor Bank introduced community banking five years ago. Now it is the first bank to offer open RESTful APIs with OAuth2.0, Why it’s a must-see: Most FinTechs still need banks because of regulation and processing. Fidor Bank provides both regulative support and strong technology.

San Francisco 12

San Francisco Video Fintech Data 12

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. Check it out on YouTube.

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. Check it out on YouTube.

Utah 60

Utah System Community Marketing 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. financial system.

National 195

National Training United States Regulation 195

PYMNTS

JANUARY 17, 2019

The main concern, according to Waters, is to balance the needs to protect investors and consumers, as well as the community banks that she believes are at risk as a result of their entry into the market.

Lending 134

Lending Community Bank Maine Policies 134

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60

CFPB Monitor

JULY 5, 2022

While fair lending has already been identified as a priority for banking regulators by the Biden Administration, the GAO report, particularly its findings regarding the decline in annual fair lending examinations and deficiency findings leading to matters requiring attention at smaller banks, could further fuel the OCC’s focus on fair lending.

Lending 78

Lending Report Policies Handbook 78