Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. Regulatory compliance. These are all phrases that resonate with community bankers. Regulatory Compliance. Community bankers are not keeping these concerns to themselves. Loan growth. Risk management.

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Community Bank Community Strategy Risk Management 192

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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Community Bank Community Millennials Regulation 157

Bank Innovation

MARCH 9, 2017

Community banks can also play the fintech game. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. We are an independent bank,” said Luvleen Sidhu, BankMobile’s co-founder, regarding the acquisition. “We

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Community Bank Community Fintech Florida 252

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

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Online New York Lending Regulation 100

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). However, compliance deadlines for affected financial institutions are tiered so that small business lenders originating the most transactions begin reporting data earlier than less active small business lenders.

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Compliance Lending Data Regulation 195

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8

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Online New Hampshire Rhode Island District of Columbia 134

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows.

Fraud 195

Fraud Training Trends Compliance 195

PYMNTS

AUGUST 17, 2018

The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. Working with regulators will be a “necessary step to building the technology in the way we want to develop and deploy it,” he said. . ”

Compliance 110

Compliance Regulation Tools Industry 110

PYMNTS

JANUARY 11, 2021

Facebook is launching a revamped Facebook Pages experience that makes it easier for public figures and makers to “build community and achieve their business objectives,” according to a post written by Head of Public Connections and Monetization Asad Awan. China’s Internet Regulator Considers More Stringent Oversight.

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Taxes US Compliance social media 132

Abrigo

JULY 10, 2023

In combating AI fraud, it is imperative to consider that successful phishing or smishing expeditions, or illicit dark web transactions, often result in criminals gaining access to unsuspecting individuals’ online banking credentials. You can also proactively prevent fraud losses and protect your community with fraud detection software.

Fraud 150

Fraud How To social media Security 150

Perficient

FEBRUARY 4, 2021

Being able to order groceries, prescriptions, and other essential products online can be a challenge for people with disabilities in the best of times. The COVID-19 pandemic demonstrated the need to engage, communicate, and support customers who cannot visit a physical store, which made the need for an accessible presence more critical.

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UX Guidelines Compliance Study 531

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

FEBRUARY 14, 2023

Data collection requirements The CFPB 1071 rule is a top compliance concern According to a recent survey , financial institution executives’ top regulatory compliance concern is the final rule from the Consumer Financial Protection Bureau (CFPB) on data collection for small business loan applications.

Data 195

Data Lending Compliance Resources 195

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. But a community financial institution often has different needs related to origination than those of a giant lender. Experts say that would be a mistake.

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Technology Lending Community Software 195

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). But this has not been true for online transactions. Vendorcom wants answers.

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Groups Regulation Fraud Security 131

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

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Regulation Groups Analysis Lending 78

PYMNTS

NOVEMBER 3, 2017

wants to help small and medium-sized businesses (SMBs) adhere to the new European Union’s General Data Protection Regulation (GDPR). The regulation comes into effect next May, and the country is deploying a helpline service as part of its effort. based SMBs.

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Data Compliance Security Regulation 108

PYMNTS

NOVEMBER 13, 2020

But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain. Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge.

Industry 219

Industry Payments Retail Regulation 219

Social Assurance

JULY 31, 2020

The new Community Reinvestment Act regulations from the OCC have been released! We’ve spoken previously about the key deadlines for compliance and how your financial brand can be the spark for engagement in your community. This can also be done through the bank’s website or via a community partner.

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Community Compliance Meeting Branding 15

Abrigo

DECEMBER 8, 2021

Should BSA/AML board training be in person or online? Specific topics for your BSA board training may include the following: Give a brief history of BSA/AML The key point to make regarding the history of BSA/AML is to understand is understanding laws and regulations. Board Training.

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Training Resources Video Compliance 195

ABA Community Banking

MARCH 20, 2019

49 percent of the global companies interviewed had been victims of fraud or economic crime Compliance Risk Management Tech Management Security Feature3 Fintech Technology Online Compliance Management Compliance/Regulatory Cyberfraud/ID Theft AML & Fraud Feature BSA/AML.

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Meeting Regulation Risk Management Compliance 72

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Synctera Brings 'FinTech As A Service' To Community Banks.

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San Francisco Community Bank Video Capital 130

PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance.

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Taxes Alaska South Dakota South Carolina 130

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers. Support responsible innovation.

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Innovation Fintech Risk Management Community Bank 150

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. according to the latest figures from the IRS, which monitors and regulates such organizations. There are approximately 1.56

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Management Taxes Groups Regulation 141

Social Assurance

JULY 17, 2020

Deadlines for complying with the new OCC CRA regulations are coming. Now is the time to prepare your financial brand for the new regulations if you fall under OCC regulation. Community Spark provides your financial brand the tools to engage, track and share your community impact. March 2020. October 2020.

Compliance 15

Compliance Community Regulation Branding 15

NCR

NOVEMBER 29, 2016

The impact of online reviews is growing, according to ReviewTrackers research. More than 1 in 3 people won’t eat at a restaurant with 3-stars on online review websites like Yelp, Facebook and Google. Compliance & reviews. The online review space has entered the social media era, and banks are struggling to catch up.

Online 40

Online social media Management Compliance 40

American Banker

MARCH 27, 2024

VersaBank in London, Ontario, agreed nearly two years ago to buy a small Minnesota bank. The buyer's CEO says he remains hopeful approval will come soon.

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Minnesota Regulation Community Bank Community 73

Abrigo

AUGUST 21, 2019

We’ve spent the last 20 years working with industry experts regarding regulatory compliance and our customer base regarding program efficiencies to build BAM+ into the ultimate BSA/AML regulatory and compliance solution. Do you monitor accounts opened online the same as face to face? Are their activity volumes the same?

Software 236

Software Analytics Compliance Industry 236

NCR

AUGUST 2, 2016

The impact of online reviews is growing, according to ReviewTrackers research. More than 1 in 3 people won’t eat at a restaurant with 3-stars on online review websites like Yelp, Facebook and Google. Compliance & Reviews. The online review space has entered the social media era, and banks are struggling to catch up.

Online 40

Online social media Management Compliance 40

Abrigo

JUNE 13, 2022

Many seniors are uncomfortable with online banking and other more modern tools, including drive-through banking, which gives frontline financial institution staff an opportunity to detect a decline in a client's financial situation or change to their personal demeanor. BSA Rules and Regulation. BSA Rules and Regulation.

Fraud 195

Fraud Training United States Survey 195

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. There is a greater emphasis on person-to-person payments over debit card use and online account opening instead of visiting a branch. BSA Rules and Regulation. Top 5 Regulator Hot Topics During COVID-19 and Beyond.

Fraud 195

Fraud Lending Trends Compliance 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. 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. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

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.

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Minneapolis Community Bank Community San Antonio 70

Bank Innovation

SEPTEMBER 27, 2018

Bank Frick has grown its operations and staff while shrinking its physical footprint. In the last year, the number of employees has increased from about 60 to more than 130.

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blockchain Community Innovation Operations 150

PYMNTS

AUGUST 19, 2019

The summary, according to the site, would direct the FCC to develop new regulations that would detail how the law may protect social media platforms as they move to take content off their sites – and to take those new regulations into account when investigating or filing suit against those firms. District Judge Lee Yeakel.

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social media Regulation Lending Compliance 128