Independent Banker

AUGUST 31, 2021

Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory. By Mary Thorson-Wright. Rhonda Thomas-Whitley, ICBA.

Community Bank 91

Community Bank Policies Community Regulation 91

PYMNTS

DECEMBER 30, 2019

To date 43 states and Washington, D.C. The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. It’s all somewhat fragmented and ad hoc at the moment, as city councils coast to coast think of clever ways to leverage the new regulations. Implementation.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided. This is still illegal federally.”

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Lending Illinois Compliance Chicago 128

Independent Banker

MAY 26, 2016

It’s yet another fiasco of meddlesome overregulation that could have been avoided, says Becky Miller, vice president and compliance officer for the $90 million-asset Farmers Trust and Savings Bank in Williamsburg, Iowa. Under the glorified goal for “simplification” touted by policymakers cosseted in far-off Washington, D.C.,

Washington 70

Washington Iowa Maine Compliance 70

American Banker

FEBRUARY 24, 2024

His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington. Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said.

California 78

California Washington Community Bank Community 78

Independent Banker

SEPTEMBER 21, 2015

Tips on how to keep up with never-ending Bank Secrecy Act compliance. Compliance experts say that by planning ahead, reviewing current compliance status and risks, using technology when needed, and staying up-to-date with training, community banks can indeed weather the storm of regulatory exams and come out fine on the other end.

Training 70

Training Compliance Community Bank Community 70

Gonzobanker

APRIL 28, 2016

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. The best banks aren’t just compliant with new regulations.

Regulation 60

Regulation Management Community Bank System 60

PYMNTS

OCTOBER 17, 2018

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. Part of our mission is to improve the quality of life in our communities. GFA will also follow compliance guidelines and take steps to ensure it only engages with legitimate retailers. “We

Colorado 126

Colorado Massachusetts US Industry 126

PYMNTS

MAY 16, 2018

Beyond the competitive edge, CFOs must contend with compliance and risk mitigation. “In In very plain language, it’s the CFO’s role with compliance to keep everyone out of jail and avoid financial restatements,” she said, a bit tongue-in-cheek. The result?

Compliance 117

Compliance Data Innovation Analysis 117

FICO

JANUARY 13, 2020

Industry is anxious for some clear rules of the road, including resolution on such issues as to how many attempted calls can be made weekly to a debtor and how collectors can leverage modern communications technology (e.g., Some are saying this spring but in Washington, D.C., email and texts). deadlines always seem to slide.

Policies 52

Policies Las Vegas FDIC Washington 52

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). This development is welcome news for those here at FICO and for our many existing and prospective customers.

Lending 74

Lending Data Community FDIC 74

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.”. states, with only Arizona, Hawaii, Idaho, Montana, Nevada and Washington labeling DFS as illegal. The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

American Banker

AUGUST 11, 2023

The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.

Chicago 36

Chicago Washington Community Bank Community 36

CFPB Monitor

OCTOBER 27, 2022

On October 18, 2022, the Federal Trade Commission (“FTC”) announced a settlement with a Washington, D.C.-area area auto dealer, Passport Automotive Group (“Passport”), resolving allegations that it had deceived consumers by adding illegal “junk” fees onto car prices and charging Black and Latino consumers higher financing costs and fees.

Groups 78

Groups Exercises Lending Policies 78

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

Independent Banker

DECEMBER 13, 2015

Community banks face yet another set of regulatory requirements with the recently revised Regulation C reporting rule implementing the Home Mortgage Disclosure Act. The final rule greatly expands data-collection and reporting requirements, compounding existing regulatory and paperwork burdens that restrict lending by community banks.

Community Bank 70

Community Bank Community Resources Regulation 70

Independent Banker

DECEMBER 28, 2015

Starting early with HMDA may give your community bank a cushion to address unexpected bumps in the road. Richard Horn ( rich@richhornlegal.com ) is the principal of Richard Horn Legal PLLC, a regulatory compliance law firm in Washington, D.C. Start preparing now. The two-year implementation period will go by quickly.

Report 70

Report Data Software Washington 70

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

PYMNTS

JUNE 24, 2016

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A pretty clear-cut sizzle. Costco Card.

Lending 101

Lending Online South Dakota North Dakota 101

ForwardBanker

MAY 3, 2016

I started and ended the month of April in Washington D.C. – The District that heralded early cherry blossoms, and later snowstorms, a precursor hint to a blustery. Last month heralded many milestones and events for those of us who tend to a bit of the geeky side of watching the political and regulatory landscape.

Conference 28

Conference Washington US Policies 28

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. One word can summarize this action-packed banking year, GonzoBankers – tiring.

Conference 101

Conference Industry Community Bank Community 101

Abrigo

SEPTEMBER 25, 2023

Download now Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act. While 38 states , along with Washington D.C., Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.

Puerto Rico 243

Puerto Rico Virgin Islands Guam United States 243

Independent Banker

JULY 8, 2015

Absent Congress actively changing the law, however, the Supreme Court has issued a decisive opinion that sets an important precedent on the disparate-impact issue for community banks and the rest of the financial services industry. The case in question— Texas Department of Housing and Community Affairs v.

Washington 70

Washington Policies Community Community Bank 70

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Regulating bitcoin exchanges is starting to happen in other parts of the world.

Bitcoin 155

Bitcoin Regulation Innovation Fintech 155

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 compliance.

Lending 70

Lending Community Bank Policies Community 70

PYMNTS

NOVEMBER 29, 2018

29), bringing her that much closer to nomination, according to The Washington Post. If nominated, the position would make Kraninger one of the most powerful banking regulators in the country. Kraninger does not have previous experience as a financial regulator.

Regulation 116

Regulation Washington Compliance Community 116

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. Regulator Award. Popular Community Bank in Miami. Just asking.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

AUGUST 23, 2019

Libra was announced in June, and it immediately saw a strong backlash from all facets of the financial community, including regulators, politicians and antitrust officials. Just this week, the EU antitrust regulator said that Libra was going to be subject to a probe.

cryptocurrency 157

cryptocurrency Regulation Washington Compliance 157

Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

Risk Management 60

Risk Management Compliance Survey Cards 60

Abrigo

SEPTEMBER 25, 2023

LISTEN NOW Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana legislation, the Secure and Fair Enforcement Regulation (SAFER) Banking Act. While 38 states , along with Washington D.C., Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.

Puerto Rico 195

Puerto Rico Virgin Islands Guam United States 195

CFPB Monitor

NOVEMBER 22, 2021

These represent the first remarks by these regulators following the DOJ’s announcement of its major new “ Combatting Redlining Initiative ” on October 22, 2021, and it was the topic of each of their presentations. She noted that the agency will work with the CFPB, HUD, prudential regulators, and U.S.

Conference 78

Conference Lending Industry Regulation 78

Independent Banker

OCTOBER 1, 2022

While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. It’s a strategy that an increasing number of community banks are embracing.

Marketing 113

Marketing Compliance Community Community Bank 113

PYMNTS

FEBRUARY 14, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations. Ed Perlmutter and Washington Rep. Two of the speakers at the hearing — Colorado Rep. It’s a regulatory quagmire,” Deckard said.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. Two of the speakers at the hearing — Colorado Ed Perlmutter and Washington state Rep. It’s a regulatory quagmire,” Deckard said.

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Oregon Colorado Operations Washington 115

ZootBlog

NOVEMBER 4, 2016

This can be very tricky because not only do these appointees have to have to be somewhat of an expert in the areas of banking, they must also be able to navigate the political arena in Washington, DC. Department of the Treasury and a decade as a bank regulator. Bush in banking and financial regulations. Named after sponsors U.S.

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New Hampshire US DC Iowa 60