CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

South State Correspondent

OCTOBER 10, 2022

However, over the years, there has been considerable debate at community banks on how to implement the principles of FTP to various balance sheet accounts like loans and deposits. In this blog, we would like to explain the building blocks of FTP and how FTP can help community banks price loans and think about effective profit allocation.

Community Bank 195

Community Bank Community Examples Management 195

Abrigo

SEPTEMBER 7, 2023

Takeaway 3 Consider five examples of lender dashboards to improve workflow efficiency and monitor credit risks. They can result in sub-optimal lending for community banks and credit unions as well as the communities they serve across the country. Workflow reports – User efficiency Processes are good and necessary.

Report 195

Report Lending Trends Data 195

South State Correspondent

JUNE 8, 2022

For decades community banks have structured fixed-rate loans with adjustable features – the most popular structure is a ten-year fixed-rate loan with a five-year reprice. With short-term interest rates expected to rise through 2022, many community banks are reconsidering their ALCO strategies.

Community Bank 195

Community Bank Community National Strategy 195

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

Report 195

Report Risk Management Capital Data 195

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. However, the regulatory landscape continues to evolve, leaving resource-constrained community banks to cope with new demands. The second idea is community bank exemption from the Volcker Rule.

Community Bank 150

Community Bank Community How To Meeting 150

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? Community banks certainly want to remain conservative with risks and follow regulations. Second, there must be long-term commitment from senior management to the loan review program, ensuring it is conducted properly and results are used effectively.

Risk Management 186

Risk Management Management Lending Resources 186

Perficient

JANUARY 30, 2024

I see the Risk & Regulatory Center of Excellence playing a crucial role in enhancing client satisfaction in a variety of ways: Expertise and Specialization: The CoE is a team of experts who specialize in risk management and regulatory matters.

Innovation 221

Innovation Risk Management Meeting Management 221

South State Correspondent

APRIL 10, 2023

Most agree that attempt to fair value certain financial instruments would still not approximate the settlement of that instrument between a motivated buyer and seller – for example, there are many unpredictable or unknown factors to be able to value instruments like loans and deposits.

Community Bank 195

Community Bank Community Security Capital 195

South State Correspondent

FEBRUARY 27, 2024

Community bankers need to practice realistic loan pricing discipline. However, we need to understand the meaning of pricing discipline and its effect on community bank performance. This is strong evidence that community banks are pricing to an arbitrary minimum credit spread in this set of loans.

How To 195

How To Community Bank Community Management 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.

Technology 195

Technology Lending Community Software 195

Abrigo

SEPTEMBER 11, 2023

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

Risk Management 195

Risk Management Data Technology Fintech 195

FICO

APRIL 10, 2019

It can be a wake-up call for an organization to obtain its cyber risk score and learn it is not as prepared for a data breach as it thought it was. for example, the Chamber of Commerce and FICO have launched a quarterly Assessment of Business Cyber Risk that looks at whole industries, through a roll-up of the FICO® Cyber Risk Score.

Risk Management 40

Risk Management Management Security Guidelines 40

Abrigo

SEPTEMBER 5, 2023

Examples of "except"-ional problems I have seen cases where something is an exception even though there is a policy or guidance specifically allowing instances for what is being cited as an exception. For example, the lack of a loan agreement on a term loan is a common credit exception. This tends to be how we treat exceptions.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 259

Lending Community San Antonio Survey 259

South State Correspondent

JANUARY 30, 2023

Rising funding costs and decreasing liquidity at community banks are causing managers to change pricing methodology for new credits. We estimate that 25% to 50% of community banks have a policy requiring minimum yield or credit spreads for new commercial loans. The drop in liquidity ratios is expected to accelerate through 2023.

Community Bank 195

Community Bank Community Strategy Management 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. Consider what compliance and risk functions your organization would use as a starting point when integrating technology.

Technology 195

Technology Fraud Compliance Regulation 195

South State Correspondent

APRIL 23, 2023

The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple. Bankers need to understand and manage their business on the fair value of assets and liabilities instead of managing their business on net interest margin and the amortized historical cost of assets and liabilities.

Management 195

Management Security Risk Management social media 195

Independent Banker

JUNE 30, 2022

While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. But community banks have adapted to address that shift. Take, for example, how the Paycheck Protection Program (PPP) affected our infrastructure. Rebeca Romero Rainey. President and CEO, ICBA.

Lending 141

Lending Idaho Nevada Oregon 141

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 195

Abrigo

NOVEMBER 11, 2019

An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. Community financial institutions are familiar with utilizing their asset/liability management solutions to limit the risk of rising interest rates.

Management 150

Management FDIC Community Risk Management 150

Abrigo

NOVEMBER 22, 2019

The economic environment and industry challenges facing community financial institutions mean that managing risk and driving growth are imperative for banks and credit unions, industry experts say. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Introspection.

Risk Management 195

Risk Management Lending Management Training 195

Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. As an example, PNC closed shop on its BBVA Open after acquiring BBVA’s U.S. While customer relationships are being redefined by fintechs, there will always be a place for community banking.

Community Bank 117

Community Bank Strategy Risk Management Fintech 117

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer.

Oregon 91

Oregon Community Bank Community Meeting 91

Abrigo

MARCH 23, 2015

It is only natural for community banks to have loan concentrations that result from the market(s) they serve and the markets they pursue. In today’s times, a high commercial real estate (CRE) concentration is often the result of community banks pursuing opportunity in the market. An example provided by Rothstein is multifamily loans.

Community Bank 150

Community Bank Risk Management Community Analysis 150

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. 14) @News_CUInsight – CUInsight is an independent source of news on the credit union community.

social media 150

social media Lending Community Community Bank 150

PYMNTS

APRIL 16, 2019

In one example, the Singapore FinTech Association inked a pact with FinTech Australia to further the development of FinTech across those nations. As reported, Singapore has been working on other cross-border initiatives as well. The Fed And FinTech Firms.

Fintech 211

Fintech San Francisco National Innovation 211

Abrigo

JUNE 4, 2020

For example, if the business situation deteriorates after June 30, and particularly with the 60% all or nothing feature, the borrower will be in a better outcome if he/she files using the 8-week period. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk.

Lending 195

Lending Risk Management Management Community 195

Independent Banker

NOVEMBER 30, 2022

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. But as a community bank that is there to serve the gaming hub of Las Vegas, Lexicon Bank welcomes these players with open arms. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank. Assets: $237.6 Quick Stat.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Abrigo

SEPTEMBER 28, 2022

For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. It can provide lenders with automated systems to manage all the necessary documents, calculations, and reporting allowing lenders to focus on what matters most – serving their community.

Lending 195

Lending Software Customer Experience Management 195

Jack Henry

OCTOBER 22, 2014

This helps me understand the FI’s products/services, business culture, and face to the community. I also like to check for staff pictures on the chance that I can put a face with a name for the particular employee that I am working with on IT regulatory compliance and risk management efforts.

Community 83

Community Meeting Compliance social media 83

Abrigo

OCTOBER 15, 2020

The flow of approvals is good news for community financial institutions that have been working since late March to provide $525 billion in funding to U.S. Community financial institutions with less than $10 billion in assets had provided nearly half of all PPP funding by the time the program closed Aug. Lending & Credit Risk.

Payments 222

Payments Lending Community Examples 222

Abrigo

FEBRUARY 27, 2020

At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times. They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management.

Lending 243

Lending Survey Data System 243

Abrigo

NOVEMBER 21, 2014

bank and credit union, named the “ Top 15 community banks by commercial loan growth.” The list identified a significant uptick in commercial and industrial lending in the South, as 7 of the 15 community banks included are located in the region. From that subset of all U.S. Blog Bank'

Lending 188

Lending South Carolina Miami Community Bank 188

Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 222

Examples Fraud Resources Risk Management 222

Abrigo

SEPTEMBER 29, 2022

For example, inspectors can submit documentation on their phones or tablets from the construction site instead of returning to the office to submit it. It can provide lenders with automated systems to manage all the necessary documents, calculations, and reporting allowing lenders to focus on what matters most – serving their community.

Software 195

Software Management Lending Tools 195