Abrigo

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Consumers are looking for speed without the hassle of mounds of paperwork and lengthy approval processes, whether with deposit or lending accounts. Regulations & Guidance Forthcoming.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

Gonzobanker

JULY 13, 2023

The following definitions and use cases for the application of AI are meant to help bankers push their vendors to explain their technology in layman’s terms. With their focus on consumer lending, credit unions are especially interested in this technology. and Scienaptic signed more than 80 new credit unions in the past year.

Technology 78

Technology Software social media Fraud 78

Gonzobanker

MARCH 13, 2018

As many community banks focus on growing their commercial lending businesses, many are embarking on transformation initiatives to improve their capabilities and competitiveness. But improving the user experience is rarely a goal of a lending transformation. Not surprisingly, many look to technology to support the transformation.

Lending 60

Lending Technology User Experience Data 60

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. ET, Ballard Spahr will hold a webinar, “The OCC Issues Final CRA Rule – What Changed and What’s Next?” Thomas, Ph.D.,

Community 60

Community FDIC Lending Examples 60

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

MARCH 15, 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

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

OCTOBER 24, 2016

The National Credit Union Administration’s irresponsible power play earlier this year to ignore the explicit member business lending limits Congress has set for credit unions could not be ignored. percent-total-asset cap on credit union commercial lending that Congress purposefully put in place.

Community Bank 70

Community Bank Community Lending Regulation 70

CFPB Monitor

MARCH 30, 2016

As we have addressed , Congress passed the Helping Expand Lending Practices in Rural Communities Act of 2015 (HELP Act) on December 4, 2015, in efforts to expand the designation of additional areas as being “rural” under Regulation Z of TILA. More specifically, Congress struck out the word “predominantly” from TILA provisions.

Lending 60

Lending Regulation Operations Community 60

CFPB Monitor

NOVEMBER 15, 2022

Supreme Court seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. invalidating the payday lending rule) was incorrect. The CFPB has filed a certiorari petition with the U.S. CFPB that held the CFPB’s funding mechanism violates the Appropriations Clause of the U.S. Constitution.

Exercises 148

Exercises Lending Conference America 148

PYMNTS

OCTOBER 9, 2018

However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community. In its report, S&P found nearly 50 percent of SMB borrowers are too unfamiliar with digital lenders to use alternative finance.

National 167

National Regulation Capital Industry 167

Independent Banker

JANUARY 28, 2016

Supreme Court held that financial institutions could be held liable for neutral practices that pose adverse lending decisions against certain borrowers, even when there is no intent to discriminate, but with restrictive guidelines. IB: How could fair lending exams change as a result of the Supreme Court’s ruling? Thomas: Definitely.

Policies 70

Policies Lending Community Analysis 70

PYMNTS

SEPTEMBER 28, 2020

The Predatory Lending Trap. This can come with a whole host of other problems, although some regulators have taken steps to broaden the scope of borrower protections to include SMBs. When an organization is bearing an ever-increasing burden of outstanding accounts receivables, there are multiple sources of capital to which it can turn.

social media 215

social media Capital Fintech Operations 215

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. 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 Summit Community ran into that issue.

West Virginia 195

West Virginia Virginia Data Community 195

Gonzobanker

MAY 4, 2022

Every year, Cornerstone Advisors conducts a survey of community-based financial institution CEOs that asks what their top concerns are. Regulations – The practical application of regulations to specific situations at the institution requires deep “inside” knowledge. And they vary by FI.

Training 144

Training Survey System Data 144

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule also adds a definition of “CRA desert” (underserved areas) and provides multipliers to increase the amount of CRA credit a bank receives for qualifying activities in these areas.

FDIC 78

FDIC Lending Retail Compliance 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

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. In other words, be a General Bank.

Community Bank 60

Community Bank Community Baltimore Lending 60

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. 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. By Denise Logeland. And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

CFPB Monitor

AUGUST 6, 2018

Aimed at “senior executives in banking organizations,” the Bulletin is published by the FRB’s Division of Consumer and Community Affairs with the intent to provide high-level summaries of various consumer protection issues and to enhance the transparency of the Federal Reserve’s consumer compliance supervisory program.

Compliance 68

Compliance Risk Management Lending Training 68

Independent Banker

SEPTEMBER 21, 2015

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. Over the next three years, Anderson enrolled in all three of Community Banker University’s in-depth compliance certification training programs. By Ed Avis.

Compliance 70

Compliance Community Bank Community Training 70

Independent Banker

OCTOBER 14, 2014

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I By Elizabeth Judd.

Community Bank 70

Community Bank Lending Community Oklahoma City 70

Jeff For Banks

APRIL 25, 2014

Investment bankers will tell you the definitive answer, which is of course their opinion. will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc. What is driving deal volume? Our combination.

Community 93

Community New York Indiana Connecticut 93

Abrigo

JANUARY 11, 2022

The series, "ALM 101: Introduction to Asset/Liability Management," will explore topics like capital planning , interest rate risk, and others that highlight how ALM is an ongoing, useful process for banks and credit unions rather than simply a “check the box” report required by regulators. Lending & Credit Risk. Top ALM Questions.

Management 195

Management Meeting Capital Strategy 195

Celent Banking

MARCH 16, 2015

The conference was full of community bankers discussing evolving business models and the pressures its placing on their ability to gather deposits. Large banks are now trying to compete on serving the customer and they´re positioning themselves to look and feel like a community experience. P2P lending), and new payment schemes.

Conference 100

Conference Retail Community Community Bank 100

Independent Banker

JULY 28, 2016

Through guidance, each of the federal bank regulators prescribes a Compliance Management System (CMS) as the framework for an effective compliance solution. To make the CMS framework effective, every community bank needs to customize it in the context of its profile and performance. What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

CFPB Monitor

FEBRUARY 23, 2016

As we previously addressed , the CFPB issued a final rule to expand the definition of “rural areas” under Regulation Z with regard to the authority of small creditors to make certain qualified mortgage loans under the ability to repay rule and avoid the escrow account requirement for certain higher priced mortgage loans. Andreano, Jr.

Community 60

Community Lending Meeting Regulation 60

Gonzobanker

MARCH 21, 2024

According to Patrick Reily, co-founder of Uplinq , a technology firm that helps small business owners gain access to fair and ethical credit, “Using the FDIC’s definition, 80% of the small businesses in the U.S. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital. But what is it?

Lending 78

Lending How To Capital Data 78

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Jack Hartings Photo by Michael Nemeth. By Kelly Pike. The Peoples Bank Co. Coldwater, Ohio. Assets: $450 million.

Ohio 70

Ohio Community Bank Community Lending 70

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

Community Bank 122

Community Bank Community FDIC Marketing 122

Insights on Business

JANUARY 10, 2017

Threats and challenges to traditional businesses are coming from the likes of PayPal, Lending Club and Lufax, although the current impact seems to be greater in payments than in investments. Hold cross-functional sessions to produce a definitive reinvention blueprint. It’s no different in banking and financial services.

Customer Experience 87

Customer Experience social media Video Innovation 87

NCR

SEPTEMBER 16, 2016

But despite all the talk of modernization and the showy Branch of the Future concept locations in big cities, in many cases it’s the small towns and rural communities that are on the front lines of this impending sea change. Face-to-face interaction has a different, tangible value in smaller communities.

Community 40

Community New York City Management US 40

CFPB Monitor

DECEMBER 28, 2020

Importantly for a parent company that controls an ILC that is exempt from the Bank Holding Company Act (BHCA) definition of a “bank,” such parent company will not be subject to restrictions in the BHCA and Federal Reserve Board Regulation Y on nonbanking activities imposed on a bank holding company or a financial holding company.

FDIC 78

FDIC Industry Policies Company 78

Lex Sokolin

DECEMBER 25, 2019

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. If you withdraw your Ether, you get charged an interest rate determined by an open governance community. Other things like Compound are essentially a securities lending marketplace?

blockchain 52

blockchain Bitcoin Software Lending 52

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Those implementing regulations were coming. Points of Note.

Lending 195

Lending Data Regulation Community 195

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence. Another reason for reluctance about generative AI is the highly regulated nature of banking.

Examples 221

Examples Fraud Resources Risk Management 221