PYMNTS

AUGUST 29, 2018

The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in low-income areas. Under the rules, banks have to provide mortgages and credit products to low-income communities in which they accept deposits. and Federal Reserve.

Community 100

Community FDIC Compliance Regulation 100

CFPB Monitor

JANUARY 6, 2020

The House Financial Services Committee has announced that it will hold the following hearings this month: On January 14, the Subcommittee on Consumer Protection and Financial Institutions will hold a hearing entitled, “The Community Reinvestment Act: Reviewing Who Wins and Who Loses with Comptroller Otting’s Proposal.” (On January 29, from 12 p.m.

Mobile 78

Mobile FDIC Payments Community 78

ABA Community Banking

OCTOBER 19, 2020

households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report. The post FDIC: Share of Unbanked Americans Reaches Record Low in 2019 appeared first on ABA Banking Journal. The share of U.S.

FDIC 56

FDIC Report Survey ATM 56

NCR

NOVEMBER 15, 2016

Aware of the disruptive changes in how banking products and services are delivered, community banks continue adopting new technologies to keep up with competition and customers’ demand. Will a mobile banking app really help to solve community banks’ challenges or is it just a waste of money? A way to outcompete?

Community Bank 40

Community Bank Community Mobile Rhode Island 40

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. Amex Under Fed Scrutiny Over SMB Card Practices.

Cards 167

Cards Apple FDIC Samsung 167

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

CFPB Monitor

JANUARY 24, 2022

The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country. In its press release announcing the withdrawal, the OCC stated that Figure Technologies had amended its charter application for Figure Bank, National Association, to offer FDIC-insured deposit accounts.

National 78

National Fintech Company FDIC 78

PYMNTS

AUGUST 22, 2016

According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open. ” said Gordon Smith, JPMorgan’s head of consumer and community banking. Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago.

FDIC 100

FDIC ATM Community Bank Digital Banking 100

PYMNTS

NOVEMBER 18, 2019

Also, Apple criticized the vote of German lawmakers to pass new legislation that would make it open up its mobile payment system to rival providers. Germany To Force Mobile Payment Providers To Share Systems With Rivals. Resolute Bank closed on October 25 and Louisa Community Bank also shuttered on that day. And the U.S.

System 100

System New Jersey Payments Apple 100

ABA Community Banking

MAY 25, 2021

million households were considered “banked” in 2019, with at least one member having a checking or savings account, according to FDIC figures that were highlighted in a new report from the American Bankers Association today on access to the banking system. An estimated 124.2

Report 58

Report FDIC System Community Bank 58

FICO

JANUARY 13, 2020

The road to modernizing the Community Reinvestment Act will include some speed bumps. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). However, the current rules do not address changes in the industry like the advent of mobile banking. by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

PYMNTS

MARCH 2, 2018

Frankly, whenever miners arrive, communities aren’t so willing to roll out a red carpet — because, as neighbors go, miners are kind of a fizzle. Read, bitcoin is something of a public nuisance for the community, as miners have started showing up in droves to set up companies that can make use of the town’s unusually low power costs.

Bitcoin 104

Bitcoin cryptocurrency Taxes Community 104

American Banker

MAY 9, 2016

’s request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval. The Federal Deposit Insurance Corp.’s

FDIC 28

FDIC Mobile Community Bank Digital Banking 28

Independent Banker

SEPTEMBER 25, 2014

As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. Community banks often already have the expertise handy in-house, they say. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

PYMNTS

MAY 27, 2020

We saw things like digital interactive teller utilization going up by 550 percent, for example,” he told Webster, “and online and mobile banking spiking 300 percent to 400 percent in many instances.”. HMBradley offers FDIC-insured accounts through Hatch Bank based in California, and rates of about 3 percent on its savings accounts.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

Independent Banker

JULY 30, 2015

While all of ICBA’s members are FDIC-insured, the association represents Federal Reserve member banks, nationally chartered banks and state-chartered institutions. Community Bank Career Center. The ICBA Community Bank Career Center is the community banking industry’s resource for online employment connections.

Resources 70

Resources Tools Community Bank Community 70

ABA Community Banking

JULY 31, 2015

Cites mobile banking, direct deposit, prepaid cards Retail Banking Channels Customers.

FDIC 40

FDIC Retail Mobile Cards 40

Ublocal

OCTOBER 2, 2023

This exciting new tool is available to all Union Bank customers who are enrolled in online or mobile banking with checking or savings accounts. Together, we can turn the complex world of investing into an opportunity that’s accessible and rewarding for everyone in our Vermont and New Hampshire communities.

Taxes 98

Taxes Capital New Hampshire Marketing 98

FICO

OCTOBER 4, 2016

with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). Adopted in 1977, the CRA is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.

Lending 74

Lending Data Community FDIC 74

Jeff For Banks

APRIL 19, 2015

Washington has a more traditional mix of very large and community financial institutions. Utah has many Industrial Loan Companies (ILC''s), which are FDIC supervised financial institutions that can be owned by commercial firms not regulated by a federal banking agency, like a utility company. Keep it simple and understandable. -

Industry 60

Industry Montana Utah Washington 60

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. mobile phones, yeah, mobile phones". Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist? Today there are less than 5,700.

Apple 65

Apple Millennials Massachusetts FDIC 65

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. Results also noted this generation is less likely to open a bank account if physical bank locations are not available in their communities. Inspiration in Mobile Apps.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

FICO

DECEMBER 20, 2018

Indeed, we are already starting to see signs of distress among community and regional banks that lack the advertising budgets and sophisticated digital capabilities of the big national banks. In response to this competitive pressure, top 100 banks will invest in an area that has been neglected for too long — deposit pricing strategy.

Trends 73

Trends Lending Fraud Exercises 73

Independent Banker

MARCH 15, 2015

in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. What concerned me most wasn’t that the customer was upset with me,” recalls Hartings of the homebuyers who ignored his community bank’s cautiously pragmatic approach. “I Jack got us through that just fine.

Ohio 70

Ohio Community Bank Community Lending 70

Independent Banker

AUGUST 26, 2015

Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. Legal aspects.

San Francisco 70

San Francisco Lending System Atlanta 70

American Banker

OCTOBER 11, 2016

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

Community Bank 28

Community Bank Regional Community Mobile 28

American Banker

OCTOBER 11, 2016

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

Community Bank 28

Community Bank Regional Community Mobile 28

Filene

JULY 18, 2018

is contributing to steady growth of this vibrant community – a community of more than 43 million that continues to be overlooked by mainstream financial services. Learning as much as you can about the foreign-born community and their families in your area is an essential first step. immigrants.

Community 28

Community Study Resources Lending 28

Independent Banker

SEPTEMBER 22, 2015

In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas. There is an exception that will be key for many community banks to understand.

Regulation 70

Regulation Policies Community Bank Taxes 70

Gonzobanker

FEBRUARY 7, 2018

Jim McAlpin from Bryan Cave LLP noted that the bulk of regulatory relief would come through a more rational examination process from the Fed, OCC and FDIC – clearly welcome news for those who fell victim to armies of examiners in conference rooms over the past decade. #2: 2: The Bulls. Source: Federal Reserve.

Taxes 75

Taxes Video Analytics Arkansas 75

PYMNTS

OCTOBER 29, 2018

Facebook … and the Facebook Community. And its future is very much in the hands of a community that thinks differently about Facebook today, with many now thinking twice about how and how often they use it. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Google … and Ad-Supported Search .

Payments 196

Payments Google Apple Innovation 196

American Banker

JANUARY 5, 2017

2016 was very good to these financial services executives, who succeeded where others failed, sold their businesses for large sums, felt the love of regulators or could finally breathe a sigh of relief.

Regulation 39

Regulation FDIC Community Bank Regional 39