CFPB Monitor

OCTOBER 25, 2022

While creditors are allowed to price loans differently based on objective differences in creditworthiness, New York’s Fair Lending Law prohibits discrimination against protected classes for the granting, withholding, extending, renewing of credit or in the fixing of interest rates, terms or conditions of any form of credit.

New York 78

New York Lending Community Bank Community 78

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. For community banks who are known for putting their customers first, this could be an area of concern.

Community Bank 91

Community Bank Community Fintech Guidelines 91

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

Fraud 78

Fraud National Security social media 78

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations.

Community 195

Community Lending Maine Resources 195

Abrigo

OCTOBER 26, 2020

For this reason, I educate the elderly community as well as civic groups on scam activity and elder financial exploitation.” – Jacqueline Wells, The Farmers & Merchants State Bank. “I BSA and AML Day National 2020 Celebration. Fraud Prevention. Fraud Trends. SBA Lending. All the financial crime-fighting power.

Fraud 195

Fraud System US Compliance 195

Gonzobanker

JULY 9, 2021

As fintech startups, challengers, and even mature fintech providers laser in on evermore specific pain points, investors pour funds into the payments, lending, data, and other approaches to pain relief. Payments deals continue to heat up at the intersection of companies and payroll, commerce and communities.

Fintech 197

Fintech Lending Community Payments 197

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

PYMNTS

FEBRUARY 10, 2017

Alternative Lending. million , India’s Zen Lefin, better known as Capital Float, will expand its abilities to lend to SMEs. Capital Float will use the funding to lend to its existing and new SME clients. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said.

Fintech 100

Fintech Capital Lending Data 100

Abrigo

FEBRUARY 8, 2022

Consumers are looking for speed without the hassle of mounds of paperwork and lengthy approval processes, whether with deposit or lending accounts. It is more important than ever that NBFIs understand the BSA/AML requirements regarding their industry to ensure the safety and soundness of their business, their communities, and our country.

Compliance 195

Compliance Training Regulation Fraud 195

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. In B2B payments, that means changes in how businesses access, protect and ultimately make their money. 65% of U.K. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. That help is forthcoming, as in the case of the Central Bank of Ireland , which is changing regulations to favor more CU lending with higher limits. The Rochdale Society of Equitable Pioneers. The Shore Porters Society.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

OCTOBER 13, 2017

When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling. How do they make decisions about retail transactions, lending activities or money transfers in milliseconds? Equifax brings a few key questions to mind.

Industry 144

Industry Security eBook Data 144

PYMNTS

JUNE 11, 2018

Also in Australia, and apropos to small business lending, Prospa delayed issuing additional shares on the country’s stock exchange, in part due to pressure from financial services regulators in that country. community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated.

Regulation 100

Regulation Community Bank Lending Industry 100

FICO

DECEMBER 20, 2018

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. To quote an executive at Varo Money, “fraud follows speed.” small-dollar lending market.

Trends 73

Trends Lending Fraud Exercises 73

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Lending & Credit Risk. Fundamentals of BSA.

Resources 195

Resources Texas Analysis System 195

Gonzobanker

MAY 4, 2020

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. SoFi/Galileo: This $1.2

Fintech 109

Fintech FDIC Capital Community Bank 109

Gonzobanker

MAY 4, 2022

Every year, Cornerstone Advisors conducts a survey of community-based financial institution CEOs that asks what their top concerns are. An institution’s required credit expertise will depend on its business/niches – for example, knowledge of national environmental lending will be unique from that of import/export letter of credit.

Training 154

Training Survey System Data 154

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. Small businesses are also found to be adopting anti-fraud tools more slowly than larger companies, researchers said. Dive into the data below to make up your own mind. .

America 100

America National Capital Survey 100

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. 82% to over 2.3%

Fintech 147

Fintech Strategy Leadership Lending 147

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.

Compliance 70

Compliance Community Bank Community Training 70

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As Barr points out, most community banks—close to 75 percent—are now growing their loan portfolios. By Karen Hoffman.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

FEBRUARY 13, 2018

13) local time said Commonwealth Bank, Westpac and National Australia Bank (NAB) have begun to offer their customers real-time payments services. The days to protect from fraud and detect it before it happens are long gone in NPP land,” said Experian Head of Fraud and Identity Jon Malone in an interview with Domain last month.

Payments 100

Payments Fraud Security Branding 100

Abrigo

OCTOBER 9, 2019

In a recent survey by the National Association for Business Economics, 74% of economists who responded expect a recession by the end of 2021. Regulatory communities and auditors want to see that CECL and stress testing remain as consistent as possible across the organization. Fraud Prevention. Portfolio Risk & CECL.

Data 150

Data Exercises Software Tools 150

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. How banks and credit unions use genAI today Short supporting copy.

Examples 195

Examples Fraud Resources Risk Management 195

PYMNTS

MAY 31, 2017

Against this backdrop, Elan has been waging campaigns to get smaller banks to promote their cards as not only for primary use (and via plastic) but for default use as well, to close the gap with the larger and national players through debit rewards programs and other incentives. And that’s creating a problem for smaller institutions.

ATM 100

ATM Millennials Cards Management 100

Jeff For Banks

AUGUST 29, 2016

Yes there was some degree of fraud perpetuated on the borrowing public. Community financial institutions make their debut here, as they purchased bonds, typically highly rated, backed by mortgages that also had insurance applied to them. Note the absence of anything resembling a community bank. What could go wrong?

North Carolina 60

North Carolina Community Lending Community Bank 60

Independent Banker

AUGUST 26, 2015

Legally and operationally, digital John Hancocks come of age in lending. Electronic signatures “absolutely” have helped PrivatePlus Mortgage expand its residential mortgage lending reach nationwide, says Lia Webster. Community banks and their customers don’t need to be concerned about the legality of digitally signed documents.

San Francisco 70

San Francisco Lending System Atlanta 70

South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). During the two weeks, there were over a hundred significant cyberattacks by nation-states on national and regional banks that you could watch unfold in near real-time (bel0w) at Gartner and Money 20/20.

Conference 195

Conference Technology Las Vegas Trends 195

Abrigo

JULY 1, 2022

Human trafficking has long been a global concern and has officially become one of the eight national anti-money laundering and counter-terrorism priorities for the United States. Department of Homeland Security defines human trafficking as modern-day slavery involving the use of force, fraud, or coercion to obtain labor or commercial sex act.

Training 195

Training Fraud National Exercises 195

Abrigo

JANUARY 29, 2021

January is National Slavery and Human Trafficking Prevention Month, also referred to as Human Trafficking Awareness Month. Human trafficking, as opposed to human smuggling, involves the use of force, fraud, or coercion. Fraud Prevention. Lending & Credit Risk. Fraud Prevention. Fraud Trends. SBA Lending.

Fraud 195

Fraud Lending United States National 195

South State Correspondent

JULY 25, 2022

Top Line Revenue & Lending. The sentiment is that banks have too much interest rate risk in their investment portfolios, taking away flexibility on the lending side. While the probability of default has continued to decreasefor most lending areas, loss given defaults has risen almost across the board. Real Estate Lending.

Trends 195

Trends Lending Marketing Capital 195

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. First, with AI’s ability to mimic human intelligence, community banks can quickly process huge amounts of data to ease customer friction.

Community Bank 91

Community Bank Community Customer Experience Data 91

PYMNTS

DECEMBER 9, 2019

Credit unions are underdogs in a financial services space still dominated by major traditional banks, particularly when it comes to small business (SMB) lending and payments. Yet, the credit union community is hardly the first FinServ player to come to mind when considering payments innovation.

Payments 135

Payments Fraud Innovation Compliance 135

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Credit Union Lifetime Achievement Awards.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. In January, we were discussing crypto and the need to formulate customer crypto strategies. Bravo April!

Community 216

Community Fintech Industry Innovation 216

PYMNTS

JANUARY 20, 2017

Through the use of artificial intelligence, Fraugster helps businesses detect payment fraud and announced this week that investors have placed $5 million into its operations. Shiftgig connects hourly gig workers to open, temporary positions at businesses in their communities looking to fill a few extra shifts. Alt-Lending.

Fintech 100

Fintech Capital Security Fraud 100