CFPB Monitor

DECEMBER 27, 2019

The reaction from community groups has been mostly negative with critiques focusing on three different aspects of the proposal: the new presumptive ratings, the inclusion of opportunity zones and the expansion of small business qualification, and the ability to neglect certain assessment areas and still receive a passing grade.

FDIC 117

FDIC Community Groups Regulation 117

Jack Henry

JANUARY 17, 2022

For decades – maybe even centuries – an individual’s sense of community was most often based on their interactions in a particular physical location. Neighbors, schoolmates, coworkers, and even those with whom they shared a place or method of worship formed a person’s community.

Community 179

Community Community Bank Regional Groups 179

American Banker

OCTOBER 20, 2023

The National Community Reinvestment Coalition and the American Bankers Association have sent dueling letters to the Federal Reserve over whether NCRC advocates pressured ABA member banks to denounce the ABA's litigation against the Consumer Financial Protection Bureau.

Community 84

Community Groups National Policies 84

CFPB Monitor

AUGUST 7, 2023

Texas First Bank (Texas First), Independent Bankers Association of Texas (IBAT), and Independent Community Bankers of America (ICBA) (collectively, Proposed Intervenors) have filed an unopposed motion seeking leave from the court to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule). Continue Reading

Community Bank 78

Community Bank Texas Community Lending 78

Perficient

AUGUST 25, 2020

We recently asked the Women in Tech group at Perficient what advice they would give for a woman hoping to build a career in the technology industry and their thoughtful advice was both inspirational and actionable. . Perficient WIT Group Shares Advice for Women Taking a Job in Technology. Demonstrate Expertise.

Technology 572

Technology Groups Training Management 572

CFPB Monitor

AUGUST 16, 2023

First, the Texas federal district court granted the unopposed emergency motion of Texas First Bank (Texas First), Independent Bankers Association of Texas (IBAT), and Independent Community Bankers of America (ICBA) seeking leave to intervene in the lawsuit. . Continue Reading

Texas 78

Texas Community Community Bank Lending 78

American Banker

FEBRUARY 5, 2024

The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.

Groups 78

Groups Regulation Community America 78

Independent Banker

FEBRUARY 28, 2023

wanted to be a financier before finding his way to community banking. Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. That love of community has defined his career.

Community 172

Community Community Bank Georgia San Antonio 172

Bank Innovation

JANUARY 27, 2020

Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St. For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth recently invested in Neocova, a St.

Missouri 221

Missouri St. Louis Community Bank Community 221

PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Montgomery, Federal Reserve Bank of Boston first vice president, in a statement. toward faster, digital payments.

Community 234

Community Payments Boston Groups 234

PYMNTS

OCTOBER 16, 2020

billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S. She added that this combined, larger firm will result in “greater opportunities for our team, our customers and our communities.”. An approximate $2.2

Groups 220

Groups South Carolina North Carolina Raleigh 220

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Independent Banker

AUGUST 31, 2021

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

Community Bank 170

Community Bank Community Lending Leadership 170

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. Innovating for Community Banks.

Community Bank 205

Community Bank Community Innovation Fintech 205

PYMNTS

NOVEMBER 13, 2018

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. and MarketInvoice.

Community Bank 183

Community Bank Community Fintech Arizona 183

PYMNTS

OCTOBER 21, 2020

The social media giant has begun testing a new feature in Canada, dubbed Neighborhoods, that would steal a page from Nextdoor’s playbook and allow users to link up through community-based groups, according to engadget. The pilot program was spotted by Matt Navarra, a social media consultant.

Community 200

Community social media United States Capital 200

PYMNTS

APRIL 4, 2019

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022.

Groups 146

Groups Guidelines Community United States 146

American Banker

MARCH 13, 2024

The new team at Dime Community Bancshares intends to attract funding from an array of niche business segments, including medical billing, so-called death care services and hedge funds.

New York 81

New York National Groups Community 81

Independent Banker

AUGUST 31, 2020

“As the cornerstones of the community, community bankers offer a light in the darkness of hard times.”. Bolstered by the unfailing dedication of community banks, our communities will continue to weather the storm. An ecosystem exists where, for the community bank to be successful, the community it serves must be as well.

Community 119

Community Community Bank Leadership Conference 119

Independent Banker

NOVEMBER 21, 2021

As the first mutual bank to open in decades, Walden Mutual Bank is gearing up to support New England’s farmers, food service industry and sustainable food community. submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors.

Community 170

Community New Hampshire New York Millennials 170

BankInovation

MAY 25, 2023

SAN FRANCISCO — Regional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups. “I love the idea of changing the way we think about community banks from, instead of the community that’s near us, is there a niche community of customers (..)

Community Bank 52

Community Bank Community San Francisco Regional 52

PYMNTS

JANUARY 25, 2021

For luxury, especially, it’s the theater: People want to see the show,” Marc Metrick , president and CEO of Saks Fifth Avenue told one group. Gen Z has definite expectations about what a business is: It’s not just here to provide an item, it’s also here to improve the society and community in which it operates,” Abigail Kammerzell , U.S.

Community 269

Community Retail Strategy National 269

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like the General Store fell victim to the supermarket and the lumber yard fell victim to Home Depot, I predicted the community bank that did not pick targeted customer niches or develop product expertise will meet it's doom.

Community Bank 130

Community Bank Community FDIC Strategy 130

PYMNTS

NOVEMBER 26, 2019

The company’s largest target market is the 12-and-under age group. So, it decided to start a private Facebook group for hockey parents. He sees it less as a group and more of a community. Laine says that the company built the community into a place that provides value through content as well as deals.

Community 161

Community United States Groups Exercises 161

CFPB Monitor

SEPTEMBER 17, 2019

Although it remains to be seen how regulators will respond to comments received in response to the ANPR, the letter issued by the community organizations demonstrates the challenges regulators will face delivering clear, consistent, and transparent regulations that can best address the goals of the CRA.

Community 60

Community Regulation Groups Meeting 60

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

Community Bank 91

Community Bank Community Payments Meeting 91

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Groups 141

Groups Retail Strategy National 141

CFPB Monitor

JANUARY 26, 2023

In a letter to Director Chopra , five banking trade groups address the CFPB’s obligation to comply with the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) before proposing a rule on credit card late fees and late payments.

Groups 78

Groups Cards National America 78

Banking Exchange

APRIL 26, 2021

Independent Bank Corp has announced its acquisition of Meridian Bancorp and Colony Bankcorp seals merger deal with SouthCrest Financial Group Community Banking Feature3 Feature Management M&A.

Community 78

Community Community Bank Groups Management 78

PYMNTS

SEPTEMBER 22, 2020

In today’s top news in digital-first banking, digital payment processor Paya has come to an arrangement to purchase The Payment Group (TPG), and Purdue Federal Credit Union has tapped digital payment experience provider Payrailz for payment services. Paya To Purchase Utility Payments Processor, The Payment Group.

Groups 156

Groups Payments Texas Community 156

American Banker

MAY 21, 2020

The National Community Reinvestment Coalition, California Reinvestment Coalition and Democracy Forward accuse the agency of “unlawfully gutting” the historic anti-redlining law.

Community 78

Community Groups California National 78

PYMNTS

JULY 12, 2019

An app meant to promote community for baby boomers called Umbrella has raised $5 million in a seed round led by Thrive Capital, with participation from Alphabet’s Sidewalk Labs, Refactor Capital, Trailmix, Box Group and others. The app lets seniors sign up for “jobs” and provide their services, like mowing a lawn or painting a fence.

Community 100

Community Capital Groups America 100

PopularBank

JUNE 10, 2022

We are proud to share the journey of one of our clients, Integral Help Group , and their dedication to providing a safe space for residents and communities in Corona, Queens. Integral Help Group: Addressing the mental health needs of our communities. How did Integral Help Group get started?

Groups 52

Groups Community US United States 52

CFPB Monitor

JANUARY 16, 2020

The CFPB has published a notice in the Federal Register announcing that it is seeking applications for membership on its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Representatives of banks and credit unions that primarily serve underserved communities.

Groups 97

Groups Community Bank Community Analysis 97

PYMNTS

MARCH 18, 2020

The pain started to become very evident on Wednesday (March 18), as the trade group that represents mall owners asked for a government bailout and big retail names started to put a price tag on the revenue losses they expected to incur. This is our time to focus on our community and do our part to stop COVID-19 from spreading.”.

Retail 161

Retail Groups New York City New Jersey 161

South State Correspondent

AUGUST 21, 2023

However, that publication, directly and indirectly, identified three discrete risks affecting community banks. We will outline what we think community bankers should glean from this publication. Risks to the Community Banking Sector Moody’s identified three risks to the banking sector, including risks to community banks.

Community Bank 195

Community Bank Community Capital Analysis 195