Abrigo

SEPTEMBER 11, 2023

Automation also helped financial institutions better serve their communities by, for example, reducing the time it takes to process a loan application. Fintechs have developed a strong competency around these advances. Learn how technology helped a financial institution during uncertain times.

Risk Management 195

Risk Management Data Technology Fintech 195

CFPB Monitor

OCTOBER 27, 2022

Earlier that same month, the CFPB announced it would exercise its supervisory authority under the Consumer Financial Protection Act to scrutinize discriminatory conduct as an unfair practice independent of federal fair lending laws. which is being challenged in court by the U.S. Consumer Financial Protection Bureau.

Groups 78

Groups Exercises Lending Policies 78

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

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. Community financial institutions are familiar with utilizing their asset/liability management solutions to limit the risk of rising interest rates. Lending & Credit Risk. Asset/Liability.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

DECEMBER 11, 2017

How to decide what exercise to embrace? Here’s where trial and error come into play, and where a sense of community also helps to reinforce the notion that when it comes to exercise , reinforcement is key. And, once decided, how to stick to it, with stick-to-itiveness?

Exercises 103

Exercises Community New York City United States 103

Independent Banker

NOVEMBER 13, 2014

IB: Who should use LinkedIn at your community bank and why? There is no reason to discount the positive effect employees can have in the Internet market, provided they exercise the appropriate regulatory and internal protocol standards. Gemmill: The way I look at it, every employee is a bank ambassador.

Virginia 70

Virginia social media Community Groups 70

Abrigo

JULY 1, 2022

Ukraine War Creates Human Trafficking Crisis War, forced migration, and lack of governmental oversight lead to human traffickers seizing the opportunity to exercise their illicit activity. Refugees can easily fall victim to someone lending a helping hand, their exhaustion contributing to their eagerness to trust those who might help.

Training 195

Training Fraud National Exercises 195

Gonzobanker

MAY 8, 2020

Practice the art of surgical lending. As the large banks announce freezing lending in some sectors, community and mid-size banks should bring more data and common sense to the table. For instance, Wells and Chase just shut down all home equity lending. Benchmark every function and drive excellence.

Lending 114

Lending Analytics Analysis Capital 114

Abrigo

JUNE 16, 2016

The new guidance aligns the accounting with the economics of lending by requiring banks and other lending institutions to immediately record the full amount of credit losses that are expected in their loan portfolios, providing investors with better information about those losses on a more timely basis,” FASB Chair Russell G.

Resources 150

Resources Exercises Lending Community 150

Abrigo

AUGUST 1, 2016

If Branch C’s customer base is 70 percent professionals under 40 and exceeding the average income of the larger community, it makes sense to market and cross-sell additional services that may be of interest, such as auto lending and retirement planning through that branch. Then research their most visible products and services.

Marketing 150

Marketing Data Analysis Tools 150

Filene

SEPTEMBER 30, 2016

After monitoring the ongoing conversation around the CFPB proposed regulations on Payday lending and other types of high cost installment loans, Filene takes a unanimous stance on the issue: Educate yourself on the proposed regulations, form an opinion, and submit a comment! The need for small dollar lending is huge. What To Do.

Lending 28

Lending Regulation Innovation Community 28

Jeff For Banks

DECEMBER 28, 2023

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. We offer an online portal where clients can view their reports down to the general ledger level.

Groups 87

Groups Capital US Community 87

FICO

DECEMBER 20, 2018

The annual exercise of staring into our crystal balls and making predictions for the coming year has begun. In our current rising rate environment, any bank that can’t grow (or at least sustain) its deposits base will face shrinking net interest margins and a competitive disadvantage in their consumer lending businesses.

Trends 73

Trends Lending Fraud Exercises 73

CFPB Monitor

JULY 30, 2020

On July 28, 2020, the CFPB issued a request for information (“RFI”) seeking public input on how best to create a regulatory environment that expands access to credit and ensures consumers and communities are protected from discrimination in all aspects of credit transactions. How to facilitate greater usage of special purpose credit programs.

Regulation 78

Regulation Lending Industry Innovation 78

Abrigo

OCTOBER 9, 2019

Regulatory communities and auditors want to see that CECL and stress testing remain as consistent as possible across the organization. Additionally, it is important to remember that CECL is an accounting exercise while stress testing is a regulatory or institution risk management process. Portfolio Risk & CECL. Learn More.

Data 150

Data Exercises Software Tools 150

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. .”

NJ 60

NJ New Jersey New York Philadelphia 60

BankUnderground

AUGUST 9, 2022

The metaverse is in its early stages of development, and there is disagreement on whether it should be built by major tech companies in a centralised format, or in a community-owned manner – the open-metaverse. In the future, people could shop, exercise and socialise within the metaverse.

System 126

System blockchain cryptocurrency Lending 126

BankUnderground

MARCH 1, 2021

It was no secret that the new government wanted to exercise more influence over the banking sector. The danger the Bank foresaw was that depositors would lose confidence in banks if they thought they were being forced to hold assets they didn’t want or to funnel lending to favoured industries. Figure 1: Lord Catto.

Policies 124

Policies Regulation Meeting Industry 124

CFPB Monitor

JANUARY 12, 2021

The Taskforce identified the following three “overarching principles” as animating its drafting of the report: Consumer protection policy should be particularly attentive to the consequences for inclusion and access by previously underserved communities. Bureau reorganization. enforcement, rulemaking and supervision). Fintech regulation.

Report 78

Report Regulation Policies Compliance 78

FICO

AUGUST 19, 2022

Fighting back against the FinTech disruption isn’t an exercise in total war – it’s about carefully picking one’s battles. While this is a good start, banks cannot lose sight of the value that intentionally used overdraft protection (or similar short-term lending products) can have for customers with cash flow imbalances. See all Posts.

Fintech 52

Fintech Millennials Lending Tools 52

FICO

JULY 29, 2020

In poker, a game can change significantly with the fourth community card laid out by the dealer. Is this the event that will turn the way we interact, learn, play, communicate, run our businesses, and our lives in general? As an exercise, I thought I would explore some of these changes to daily life with my daughter.

Cards 52

Cards Exercises Lending Examples 52

PYMNTS

SEPTEMBER 20, 2017

For humans, the key to a longer life involves a healthy diet, exercise and a commitment to healthy living. Among the companies approached is Even, a supply-side marketplace lending company. It all starts with listening. FinTechs: ‘A wonderful threat and opportunity’. Having these conversations just makes sense, Marshall said.

Fintech 123

Fintech Innovation US Mobile 123

Lex Sokolin

DECEMBER 31, 2020

Decentralized Finance, Blockchain, and CBDCs Why Peer-to-Peer models fail against oligopoly, with Lending Club shutting down p2p platform, Seedrs/Crowdcube merging, and Morgan Stanley buying Eaton Vance for $7B. the Lending Clubs) end up becoming banks and seeking the thing it looked like they would disrupt. They all (i.e.,

Fintech 52

Fintech Bitcoin blockchain Google 52

Lex Sokolin

DECEMBER 31, 2020

Decentralized Finance, Blockchain, and CBDCs Why Peer-to-Peer models fail against oligopoly, with Lending Club shutting down p2p platform, Seedrs/Crowdcube merging, and Morgan Stanley buying Eaton Vance for $7B. the Lending Clubs) end up becoming banks and seeking the thing it looked like they would disrupt. They all (i.e.,

Fintech 52

Fintech Bitcoin blockchain Google 52

Jeff For Banks

AUGUST 27, 2011

We did an exercise regarding a bank, called “Blue Collar Bank (BCB)”, that wanted to focus on working class families. But neither student separated out lending from deposit gathering. Any commercial loan referrals were passed across the org structure to the commercial lending line of business. How would such a structure look?

Strategy 67

Strategy North Carolina Exercises Lending 67

CFPB Monitor

SEPTEMBER 21, 2020

The activity-based exemption under consideration would exempt financial institutions with small business lending activity that is less than one of three possible threshold levels: originations of at least 25 loans or $2.5 Activity-based exemption for all financial institutions.

Data 125

Data Regulation Meeting Report 125

Jeff For Banks

FEBRUARY 26, 2011

There is a lot of soul searching happening in the executive suites and boardrooms of community financial institutions (FIs). But should a board, in exercising their fiduciary duties, perform this analysis routinely without determining to sell the FI first? Strategy execution typically lends itself to a long-term view.

Analysis 73

Analysis Strategy Exercises Philadelphia 73

PYMNTS

MAY 8, 2020

Exercise enthusiasts must thus avoid gyms and fitness clubs, causing income shortages for fitness firms that traditionally rely on membership subscriptions, training revenues and retail sales during customer visits. The club can still provide education, training, community, inspiration [and] motivation.”.

Exercises 164

Exercises Training Industry Payments 164

CB Insights

OCTOBER 31, 2017

Three years later, for many, it is now rightly recognised as perhaps the most important pillar of our health and wellness, alongside exercise and diet. Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs.

Company 78

Company US San Francisco Capital 78