Independent Banker

FEBRUARY 24, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Alternatively, ICBA also urged the CFPB to expand its “small creditor” and “rural” definitions.

Washington 70

Washington Community Bank Community Survey 70

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. New definitions. The customer due-diligence rules also adopt a few new definitions. Designate a compliance officer.

Compliance 70

Compliance Community Bank Training Virginia 70

Independent Banker

DECEMBER 28, 2015

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. First Security, a $180 million-asset community bank in New Salem, N.D., And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

Independent Banker

SEPTEMBER 21, 2015

Under the right circumstances, providing residential mortgages that fall outside of the new federal Qualified Mortgage definition could help a community bank grow its lending, some community bankers say. a $613 million-asset community bank serving central and northern Wisconsin that engages in non-QM lending.

Community Bank 70

Community Bank Lending Community Survey 70

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Tech companies trying to support a bank stack have no easy task. While it might be easier to think about building a new bank from the ground up, most banks simply do not have that luxury.

Technology 145

Technology Regional Community Bank Community 145

PYMNTS

OCTOBER 18, 2017

explained there is wide variation in the definition of innovation. When it comes to stymied innovation, are regulatory and compliance mandates an explanation or an excuse? According to Webster, community banks and credit unions are trying to solve for pain points that may differ from population to population.

Innovation 140

Innovation Compliance Community Bank Strategy 140

Independent Banker

DECEMBER 29, 2015

Community bankers offer real-world reasons for more Basel III relief. Nearly one year after the Basel III capital rules went into effect, community bankers say that now recognize just how much more complex and how much more difficult this new set of capital rules will make life and business for them if they remain in place.

Community Bank 70

Community Bank Community Capital Lending 70

Abrigo

DECEMBER 16, 2019

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

West Virginia 195

West Virginia Virginia Data Community 195

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. Easier access and affordability of digital signature creates an opportunity for growth-oriented, competitive community banks.

Community Bank 70

Community Bank Minneapolis Community Online 70

Abrigo

JULY 30, 2015

Will I still be in compliance with capital ratios? And given that Basel III is out and effective, will I be in compliance with fully phased-in Basel III capital ratios?”. In addition, institutions – especially community banks -- have operational concerns, McNairy added. “Do

Data 150

Data Community Bank Capital Compliance 150

Independent Banker

JANUARY 28, 2016

Lilly Thomas, ICBA’s vice president–senior regulatory counsel, talked with Independent Banker about what impact the high court’s ruling could have on the fair lending examinations for community banks in the year ahead. Thomas: Definitely. IB: How could fair lending exams change as a result of the Supreme Court’s ruling?

Policies 70

Policies Lending Community Analysis 70

Independent Banker

JANUARY 31, 2023

Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks. Learn what this means for the industry and how community banks can stay in compliance. How the circular will affect community banks is not entirely clear.

Community Bank 91

Community Bank Community Compliance Regulation 91

Independent Banker

DECEMBER 13, 2015

1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. The rule’s definition includes servicemembers on active duty under a call or order that specifies a service period longer than 30 days. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

CFPB Monitor

MARCH 26, 2015

In the letter, the ABA makes the following key comments: Additional clarity is needed in the definition of the term “prepaid account” to avoid banks being subject to second-guessing by examiners and plaintiffs’ attorneys. As a result, it will harm consumers by limiting consumer access to overdraft services and credit.

Cards 60

Cards Compliance Community Bank Operations 60

CFPB Monitor

AUGUST 21, 2018

The Treasury suggests that federal banking regulators take action to resolve this ambiguity. Clarifying applicability of third-party oversight guidance to data aggregators. Data security addressed by GLBA Safeguards Rule.

Data 84

Data Report Regulation Security 84

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

System 195

System Data Examples Payments 195

Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI use case for fostering relationship banking Abrigo client BAC Community Bank in Stockton, Calif.

Examples 195

Examples Fraud Resources Risk Management 195

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. Lucci said the entities required to collect more data will include more than just banks and credit unions.

Lending 195

Lending Data Regulation Community 195

PYMNTS

JANUARY 12, 2017

That’s where a bank’s enhanced due diligence protocols come into place. McShirley pointed out that linked2pay offers a bank platform with a built-in registration for merchants that helps banks review the compliance, security and fraud aspects to help institutions construct a profile of potential new clients and better understand their risks.

Payments 100

Payments Risk Management Community Bank Community 100

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Community bank marketing resources. Popular Community Bank in Miami. Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 22, 2014

It’s been a busy year integrating recent acquisitions, purchasing $1 billion+ in Banco Popular deposits, hiring former Los Angeles Mayor Antonio Villaraigosa to advise on community relations, and having former President Bill Clinton speak at a major financial literacy event. Bank Acquisition of the Year - BB&T Corp.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Below are terms and definitions that will be referred to in this article. withdrawal Iran has reduced its compliance in five phases and now has exceeded limits on uranium enrichment agreed to in the JCPOA.

National 195

National Training United States Regulation 195

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