Independent Banker

NOVEMBER 30, 2022

Across the world, people are using super apps to send messages, purchase tickets and, of course, bank online. What are they, and how can community banks stay on top of this trend? Community bank considerations. So, what does this intersection of regulation and technology competition mean for community banks?

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Community Bank Community Maryland Data 91

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. How to prepare.

Community 195

Community Regulation Training Policies 195

PYMNTS

JULY 20, 2016

The vast majority of United States senators have penned a letter urging the CFPB to let community banks and credit unions live free from additional regulations. “We request that the CFPB carefully tailor its regulations to match the unique nature of community banks and credit unions,” the letter stated.

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Community Bank United States Community Regulation 100

PYMNTS

MARCH 16, 2016

Although the CFPB has claimed, in many cases, that it allows many smaller banks and credit unions to be exempt from many of the regulations, the congressional members have expressed fear that the bureau may not be doing enough to ensure those smaller financial institution aren’t unnecessarily regulated.

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CFPB Monitor

OCTOBER 9, 2015

Community Bank of Raymore. Notably, the CFPB joined in an amicus brief filed by the United States in support of Regulation B’s definition of “applicant,” which includes guarantors. Earlier this week the Supreme Court heard oral arguments in the case of Hawkins v.

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United States Community Bank Community Regulation 60

PYMNTS

MARCH 19, 2018

The law sets the stage for open banking and for sharing data across APIs. Closer to home, the United States Senate this past week passed legislation that rolls back regulations stemming from the Dodd-Frank Act.

Taxes 122

Taxes United States Community Bank Analytics 122

Jeff For Banks

FEBRUARY 4, 2023

But I wanted to give it a try with relevant banking questions. Me to ChatGPT: Describe the current economic situation in the United States. ChatGPT : The current economic situation in the United States is characterized by growth and recovery following the impacts of the COVID-19 pandemic. Here are the results.

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United States US Cyber Security Taxes 78

PYMNTS

AUGUST 24, 2016

In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country. The bank noted there is more than 11,000 authorized merchants. regulations.

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PYMNTS

JANUARY 22, 2018

The regulators have been looking at cryptocurrency operators – and in the United States, at least, are firing shots across the regulatory bow. In addition, the regulator charged, the three operators broke laws governing commodity trading. It may be too early to tell just what the impact of PSD2 and Open Banking might be.

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cryptocurrency United States Operations Regulation 122

Jeff For Banks

JUNE 2, 2023

The early 1980s was a difficult time for the United States, as consumers faced rising prices, high unemployment, and the effects of a supply shock—an oil embargo—which caused energy prices to skyrocket. In this regard, the bank regulatory agencies need to remain politically independent. To you, manage your interest rate risk.

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FDIC Community Bank Regulation Lending 78

Independent Banker

AUGUST 25, 2016

The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. tection Bureau updated its regulations on mortgage servicers with expanded exceptions for small servicers that ICBA advocated.

Compliance 70

Compliance Community Bank Training Virginia 70

Gonzobanker

JANUARY 4, 2022

In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies. According to Terence Roche, partner at consulting firm Cornerstone Advisors , community-based financial institutions could: “Lower their NSF fee to the $5 to $7 range and market it as a convenience fee.

Trends 190

Trends Fintech social media Strategy 190

FICO

JUNE 15, 2020

The number of commercial banks in the United States dropped from 14,400 in 1984 to 4,492 at the end of 2019 , according to the Federal Financial Institutions Examination Council. banking industry, and cite the need for decentralized banking. And it wouldn’t have happened without community banks.

Marketing 52

Marketing Community Bank Community Policies 52

FICO

JUNE 15, 2020

The number of commercial banks in the United States dropped from 14,400 in 1984 to 4,492 at the end of 2019 , according to the Federal Financial Institutions Examination Council. banking industry. And it wouldn’t have happened without community banks. banking assets) approved nearly 20% of loan dollars.

Marketing 52

Marketing Community Bank Community Policies 52

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. I've got news for you. Seems risky.

Community Bank 60

Community Bank Community Baltimore Lending 60

Independent Banker

SEPTEMBER 22, 2015

Having worked in banking for nearly 23 years and having been preceded in executive leadership by my father and grandfather at our family’s community bank, I have repeatedly heard similar statements from our mortgage customers. They are discovering how regulations are restricting how and when we can close loans (i.e.,

Maine 70

Maine Regulation Washington Community 70

Gonzobanker

JANUARY 17, 2020

Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g., California CCPA), it’s hard to imagine just how far techies will be able to upend the nuts and bolts of the banking industry.

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Customer Experience Fintech Regional Cards 135

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!

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Fintech Community Regional Technology 195

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. Large Community Bank Council, member. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 70

Gonzobanker

JUNE 30, 2016

The majority of EMV (Europay, MasterCard and VISA) cards on the street are issued by regulated (large) banks, which leaves a much larger percentage of financial institutions that are not yet issuing EMV. But, the unregulated banks and credit unions should care – a lot. is now VISA, following its shift from American Express.

Payments 112

Payments Cards United States Fraud 112

ZootBlog

NOVEMBER 11, 2015

So what does this have to do with banking? In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Banks have to put themselves in competition-type scenarios so they can deliver a superior performance when it counts. Everything.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Gonzobanker

AUGUST 22, 2014

In 1984 a record high 18,000+ banks existed in the United States. The vast majority of exits came from banks with less than $100 million in assets, and more than 10,000 of these institutions left the financial services landscape between 1984 and 2011 due to mergers and failures. 20 years ago 10 years ago Today.

Strategy 87

Strategy United States Community New York City 87

Lex Sokolin

NOVEMBER 18, 2020

It is a grave error for a sitting President of the United States to inspire the use of violence and to break the cooperative political equilibrium. A new regulation was put into effect requiring digital lenders to finance at least 30% of loans with their own capital (rather than just 2%), a regulation to which Ant must now adhere.

System 52

System Community Bank Community Capital 52

Gonzobanker

DECEMBER 19, 2017

One word can summarize this action-packed banking year, GonzoBankers – tiring. Heavy-handed regulators. THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. FinTech threats and distractions.

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Conference Industry Community Bank Community 117

Banking 2020

OCTOBER 30, 2015

In Britain, a much smaller market than the United States, banks closed 500 branches in the last year alone. As a result, according to the Campaign for Community Banking Services, 1,500 communities have lost all banks in their town, and more than 800 have only one left.

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Community United States Survey Millennials 40

PYMNTS

MARCH 9, 2020

There is good news, and there is bad news with regards to the path to addressing the unbanked and underbanked in the United States. “I think it would be foolish to expect that small community banks and credit unions can afford to keep up with that market,” said Coghlan. Regional Banks, Credit Unions Compete.

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Community Bank Community Innovation Regional 188

Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. But small banks and credit unions can benefit from the stress test scenarios, too. Related Subhead.

Capital 195

Capital Regulation Risk Management Community 195

Abrigo

SEPTEMBER 14, 2022

In 2010, Congress enacted the Dodd-Frank Act “ [t]o promote the financial stability of the United States by improving accountability and transparency in the financial system.” Those implementing regulations were coming. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving.

Lending 195

Lending Data Regulation Community 195

PYMNTS

NOVEMBER 16, 2018

This includes consultant fees, armies of back-office agents and outdated rules that flag violations of [anti-money laundering (AML)] regulations, which they describe as AI,” Adjaoute said.

Fraud 108

Fraud United States Data Technology 108

PYMNTS

AUGUST 19, 2019

It’s an important point, because the data so far, even now, during a lingering trade war between the United States and China, and a global economic slowdown, the U.S. The bank charter, he said on the call, would drive growth and margins and through the medium-term help secure a new source of low-cost funding.

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Lending Capital United States National 123

Abrigo

AUGUST 30, 2016

According to Sageworks’ Bank Information resource there are nearly 12,000 community banks and credit unions across the United States. Last week Hillary Clinton released her plan to support community banks and credit unions.

Community Bank 150

Community Bank Community United States Policies 150

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. In the United States, U.S. Treasury Department.

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Fintech Security US United States 194

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. In addition, the U.S.

National 195

National Training United States Regulation 195

PYMNTS

APRIL 9, 2016

Dimon went on to discuss, at some length, the “mission-critical” services that big banks can supply are the types of things “regional and community banks simply cannot do.”. I do not want any American to look back in 20 years and try to figure out how and why America’s banks lost the leadership position in financial services.

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Regulation Lending Omaha America 100

PYMNTS

AUGUST 14, 2017

citizens” and should be rejected by the Committee on Foreign Investment in the United States (CFIUS). 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. Outside the U.S.,

Fintech 100

Fintech Regulation United States Lending 100

PYMNTS

OCTOBER 6, 2017

Reactions to the regulations have run the gamut, as one might have expected after what was an extremely contentious five-year effort to bring federal regulation to an industry that had previously only been state-regulated. And it looks like the industry’s future is one that will be smaller – a lot smaller.

Lending 128

Lending Regulation Community Bank Industry 128

PYMNTS

OCTOBER 6, 2017

Reactions to the regulations have run the gamut, as one might have expected after what was an extremely contentious five-year effort to bring federal regulation to an industry that had previously only been state regulated. And it looks like the industry’s future is one that will be smaller – a lot smaller.

Lending 100

Lending Regulation Community Bank Industry 100