PYMNTS

MARCH 5, 2019

While small business lending has become a platform for some high-profile FinServ scandals in several markets, opponents of expanding borrower protection legislation to small businesses have argued that such regulations would actually hamper financial institutions’ ability to expand credit access for the small business community.

California 153

California Fintech Lending Regulation 153

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. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

American Banker

OCTOBER 24, 2023

The final Community Reinvestment Act rule notably expands the definition of "large" banks to include banks with at least $2 billion of assets, requiring more banks to comply with the updated rules. That expanded scope is a feature, not a bug.

Community 36

Community Policies Compliance Regulation 36

Abrigo

MAY 30, 2023

June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B. Would you like to stay up to date on CFPB 1071 implementation?

Compliance 195

Compliance Lending Data Regulation 195

American Banker

NOVEMBER 28, 2023

The Federal Reserve's vice chair for supervision said new definitions around community development activities and the ability for banks to invest outside their immediate assessment areas could be a boon to Native Americans and their communities.

Community 28

Community Policies Compliance Regulation 28

Abrigo

JUNE 13, 2022

The latest survey indicates that COVID-19 has impacted bank community engagement. However, banks continue their outreach to older customers, with 47% of respondents hosting community events. To determine the definition and reporting requirements for your state, Eversafe.com has an interactive map showing the laws of the United States.

Fraud 195

Fraud Training United States Survey 195

CFPB Monitor

DECEMBER 22, 2014

Mishkin The American Bankers Association, Consumers Bankers Association, Independent Community Bankers of America, National Association of Federal Credit Unions, and Association of Military Banks of America have submitted a 59-page letter commenting on the Department of Defense’s proposed revisions to its Military Loan Act regulations.

Groups 74

Groups Regulation Industry America 74

Jeff For Banks

FEBRUARY 17, 2021

Yesterday at the ABA's virtual Conference for Community Bankers (CCB), Federal Reserve Governor Michelle Bowman gave a speech, My Perspective on Bank Regulation and Supervision. Up-to-date geographic market definitions are available at the St. Louis' Fed CASSIDI database or from the relevant Reserve Bank.

St. Louis 78

St. Louis Analysis Community Bank Community 78

Social Assurance

MAY 22, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s (CRA) framework. To help you prepare, we created this overview of the critical changes in regulation. Expanded Qualifying Activities for CRA Consideration. Key Takeaway. Key Takeaway.

Compliance 29

Compliance Regulation Community Guidelines 29

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

Abrigo

DECEMBER 10, 2019

Fifty-six percent of all survey respondents host community outreach and education events for older customers. To determine the definition and reporting requirements for your state, Eversafe.com has an interactive map showing the laws for the United States. BSA Rules and Regulation. BSA Rules and Regulation. Learn More.

Fraud 284

Fraud Study United States Training 284

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. Here are a few ways that community partners are vital conduits to helping your bank meet CRA requirements.

Community 15

Community Compliance Meeting Branding 15

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. There are three generally accepted categories for artificial intelligence today: machine learning, robotic process automation and natural language processing/generative text.

Technology 78

Technology Software social media Fraud 78

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. The company eventually changed those terms to satisfy officials. The company eventually changed those terms to satisfy officials. In the U.S.,

National 167

National Regulation Capital Industry 167

CFPB Monitor

SEPTEMBER 30, 2022

In July 2022, the Chamber, together with American Bankers Association, Consumer Bankers Association, and Independent Community Bankers of America, sent a letter to Director Chopra calling on the CFPB to rescind the update. The letter was accompanied by a white paper setting forth the legal basis for their position. . Supreme Court authority.

Groups 78

Groups Texas Regulation Compliance 78

Abrigo

JULY 25, 2017

Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. The regulators want to make sure you have all your ducks in a row, that you have more capital applied to those loans, and you have processes to identify those loans”. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

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

CFPB Monitor

OCTOBER 9, 2015

Community Bank of Raymore. Notably, the CFPB joined in an amicus brief filed by the United States in support of Regulation B’s definition of “applicant,” which includes guarantors. Earlier this week the Supreme Court heard oral arguments in the case of Hawkins v.

United States 60

United States Community Bank Community Regulation 60

CFPB Monitor

APRIL 30, 2021

The article calls unfairness “an obvious fit for addressing common types of discriminatory conduct” because in the authors’ view, discriminatory conduct “fits neatly within” the Dodd-Frank Act and FTC definitions of an unfair act or practice. Supreme Court held in Inclusive Communities and Smith v.

Community 78

Community Regulation 78

Independent Banker

OCTOBER 24, 2016

Specifically, on behalf of community banks nationwide, the association has asked a federal court to invalidate the NCUA’s member business lending rules set to take effect in January. In the process, however, the regulation also tramples upon consumers, taxpayers, the financial system and the integrity of responsible government.

Community Bank 70

Community Bank Community Lending Regulation 70

PYMNTS

SEPTEMBER 28, 2020

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. As a result, he said, businesses will increasingly turn to FinTechs that can offer more creative, flexible solutions to their cash flow and debt challenges.

social media 215

social media Capital Fintech Operations 215

CFPB Monitor

AUGUST 19, 2022

New developments are often opposed by small groups prioritizing their own self-interest over the interests of the community at large. It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages.

DC 78

DC Regulation social media Maryland 78

CFPB Monitor

JUNE 11, 2015

Community Bank of Raymore , the case in which the question before the U.S. The Eighth Circuit ruled that Regulation B’s definition of “applicant,” which includes a guarantor, was not entitled to deference because it contradicted the ECOA’s unambiguous text.

Regulation 60

Regulation Community Bank Community Company 60

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. CFPB Updates. Servicing Rules.

Compliance 70

Compliance Community Bank Training Virginia 70

CFPB Monitor

SEPTEMBER 12, 2016

.” The program included an informative discussion of the history of Section 342 of the Dodd-Frank Act, examined its effect on the industry, and provided guidance on how regulated entities might best comply with the Joint Diversity Standards issued in June 2015.

Meeting 60

Meeting Regulation Massachusetts Boston 60

CFPB Monitor

NOVEMBER 28, 2022

Supreme Court granted the unopposed request of the Community Financial Services Association for a 30-day extension until January 13, 2023 to file its brief in opposition to the CFPB’s certiorari petition seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. Last week, the U.S.

Conference 78

Conference Exercises Community Regulation 78

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

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

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

MARCH 9, 2017

3502(5), must submit proposed and final regulations constituting a “significant regulatory action” to OIRA for review prior to publication in the Federal Register. Currently, under Executive Order 12866 , federal agencies, other than those defined as an “independent regulatory agency” by 44 U.S.C.

FDIC 96

FDIC Regulation Analysis Policies 96

Social Assurance

JULY 10, 2020

The Office of the Comptroller of Currency (OCC) released its final rule that aims to modernize and update the Community Reinvestment Act’s framework. To help you prepare, we created this overview of the critical changes in regulation. Expanded Qualifying Activities for CRA Consideration. Key Takeaway. Key Takeaway. Key Takeaway.

Compliance 15

Compliance Regulation Community Guidelines 15

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

NOVEMBER 15, 2022

Supreme Court seeking review of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. 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

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Environmental Protection Agency in which the Court struck down an EPA regulation pertaining to carbon dioxide emissions because it constituted a major change in the law which was not contemplated by Congress.

Groups 145

Groups West Virginia Policies Virginia 145

CFPB Monitor

AUGUST 21, 2018

The Treasury suggests that federal banking regulators take action to resolve this ambiguity. Other financial regulators should support data aggregation. Data security addressed by GLBA Safeguards Rule. On September 20, 2018, from 12 p.m. to 1 p.m.

Data 84

Data Report Regulation Security 84

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