Abrigo

JULY 23, 2015

According to the Sageworks 2015 Bank and Credit Union Exam Survey , more than 40 percent of the 180 responding institutions had already begun stress testing, and it was recommended to 30 percent that they begin stress testing or expand current stress test practices. Understand your portfolio and its risk factors. Ensure proper data.

Community Bank 150

Community Bank Community Data Resources 150

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 64

Wyoming Community Bank Community Fintech 64

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. The article allowed banking executives to weigh in on the subject. For smaller institutions, compliance can be especially costly.

Community Bank 150

Community Bank Community FDIC Survey 150

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Quick Stat.

Compliance 100

Compliance FDIC Community Bank Community 100

Banking Exchange

JANUARY 16, 2023

Merchants & Marine Bank and City National Bank have launched separate initiatives to support small businesses and local communities Community Banking Feature3 Feature Small Business Customers People Consumer Compliance

Community Bank 136

Community Bank Community Compliance National 136

Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

Community 139

Community Community Bank social media Security 139

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. Currently, the accompanying regulations have not been written, so what should community financial institutions take away from these priorities now? financial system and national security. financial system.

Community 195

Community Regulation Training Policies 195

CFPB Monitor

JUNE 29, 2016

The Independent Community Bankers of America and the Credit Union National Association have sent a letter to Director Cordray “to express serious concerns” about the CFPB’s proposed rule covering single-payment payday and auto title loans, deposit advance products, and certain high-rate installment and open-end loans.

Community Bank 68

Community Bank Community Groups Lending 68

American Banker

MAY 13, 2020

The Independent Community Bankers of America refused to rule out legal action if Congress doesn't address the National Credit Union Administration's recent decision expanding the low-income designation.

Community 78

Community Community Bank Regulation America 78

Banking Exchange

APRIL 28, 2021

The OCC has conditionally approved Paxos National Trust for a banking charter Compliance Duties Compliance Management Compliance/Regulatory Community Banking Feature3 Feature.

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Compliance Community Bank Community National 78

The Financial Brand

DECEMBER 16, 2021

A small Florida bank seeks to fill a niche by serving riskier businesses — nationally — that other financial institutions shy away from. The post Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Community Bank 34

Community Bank Community Florida Banking Trends 34

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Iowa State Bank. First State Bank.

Community Bank 172

Community Bank Community National Philadelphia 172

American Banker

OCTOBER 19, 2020

Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold.

Community Bank 72

Community Bank Community National Technology 72

ABA Community Banking

SEPTEMBER 29, 2021

With the nation still grappling with a global pandemic, bankers’ concerns have shifted, according the Conference of State Bank Supervisors’ eighth annual national community bank survey released today. Last year’s focus was on local business conditions.

Survey 59

Survey Community Community Bank Conference 59

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As Barr points out, most community banks—close to 75 percent—are now growing their loan portfolios.

Compliance 101

Compliance Regulation Community Bank Community 101

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. That compares to 39% of global or national banks with more than $10 billion in assets. Financial institutions have several reasons they may be reluctant to embrace generative AI.

Examples 221

Examples Fraud Resources Risk Management 221

Independent Banker

SEPTEMBER 30, 2021

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities. “But

Community Bank 91

Community Bank Community Milwaukee Jacksonville 91

PYMNTS

MARCH 13, 2017

Trump, speaking at a meeting Thursday (March 9) with community bankers, along with National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks are critical to the economic health of their communities and to providing small businesses with access to capital.

Community Bank 101

Community Bank New Mexico Community Meeting 101

Independent Banker

DECEMBER 31, 2022

Community banks can help prevent, identify and report financial elder abuse. A number of ICBA solutions provide community bankers with the tools they need to assist customers who may be experiencing financial exploitation. ICBA Community Banker University courses. How to respond to elder financial abuse. CRA Partners.

Training 91

Training Community Resources Course 91

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

South State Correspondent

JANUARY 4, 2023

In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023.

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Synctera Brings 'FinTech As A Service' To Community Banks.

San Francisco 130

San Francisco Community Bank Video Capital 130

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. The estimated amount of money banks will save by using AI applications by 2023. billion-asset Sunwest Bank in Sandy, Utah.

Community Bank 91

Community Bank Community Customer Experience Data 91

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported.

FDIC 134

FDIC Community Community Bank National 134

PYMNTS

JULY 16, 2019

“One of the challenges regional and community banks and credit unions face is the complexity of physical data integration in their data centers,” said Prasanna Narayan, head of product at Ondot. A key concern we hear about from customers is security and compliance,” Narayan said.

Innovation 128

Innovation Compliance User Experience Cards 128

American Banker

JUNE 27, 2016

Community banks and credit unions would be forced to stop making short-term, small dollar loans if the Consumer Financial Protection Bureau's payday lending proposal is adopted, two trade groups said Monday.

Community Bank 33

Community Bank Community Lending Groups 33

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

FICO

NOVEMBER 29, 2018

This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders. Or visit our website.

Community 67

Community Community Bank Policies Leadership 67

PYMNTS

APRIL 8, 2020

As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. With a focus on compliance, Wolters Kluwer revealed its new solution to enable financial institutions issue PPP loans to small businesses.

Lending 245

Lending Fintech America Technology 245

Abrigo

APRIL 8, 2020

BSA compliance remains crucial to protecting financial system. Alternatively, if available, entities may rely on the [customer identification program] of a federally insured depository institution or federally insured credit union with an established CIP as part of its AML program. Provide lending staff with a BSA refresher course.

Compliance 195

Compliance Lending Fraud Community 195

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis. Thorough instruction.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. In the Buy Now, Pay Later: Millennials And The Shifting Dynamics Of Online Credit report, PYMNTS surveyed a national sample of nearly 15,000 U.S.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

MARCH 16, 2016

“Credit unions and community banks do not pose any systemic risk, yet the CFPB continues to issue rules that disproportionately hurt those community financial institutions,” Stivers said in a statement. This letter was drafted by Reps.

Community Bank 100

Community Bank Community CA Regulation 100

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. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

OCTOBER 9, 2018

According to Cherry Bekaert LLP , Bank of America has allocated a 50-person team to prepare for adjusted credit loss standards. However, small community banks without such resources are sounding their concerns.

Community Bank 153

Community Bank Community Report Lending 153

Independent Banker

SEPTEMBER 21, 2015

Supreme Court, it is, and the high court’s recent ruling to that effect is likely to affect community banks, their regulatory examinations and their potential exposure to fair lending lawsuits. Furthermore, community banks still have the defense of “showing a business reason to justify their policies.”.

Lending 70

Lending Community Bank Policies Community 70