Independent Banker

AUGUST 31, 2022

The pandemic forced industries to accelerate their adoption of digital applications, and community banking was no exception. And as banking processes increasingly moved online, community bankers needed to fortify their online defenses against fraud and cybercrime. Held in Bloomington, Minn., Tiffany Lukk.

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Community Security Community Bank Fraud 91

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

Abrigo

JUNE 4, 2024

Takeaway 3 Attracting new and younger customers is a top priority for community financial institutions. With the changing political landscape, new regulations, shifting demographics, and economic uncertainty, getting the most up-to-date information from bank and credit union industry experts and peers has never been more important.

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Compliance Community Bank Community Conference 222

American Banker

JULY 31, 2023

Regulators noted the demise of Heartland Tri-State Bank involved an isolated problem. Industry observers cautioned against prediction of more failures to follow, saying second-quarter earnings show community banks generally remain in sound financial health.

Kansas 69

Kansas Industry Community Bank Community 69

South State Correspondent

MAY 15, 2024

We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify. Community banks are already diversified within their geography and loan categories.

Community Bank 195

Community Bank Community Lending Study 195

South State Correspondent

MAY 15, 2024

We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify. Community banks are already diversified within their geography and loan categories.

Community Bank 195

Community Bank Community Lending Study 195

PYMNTS

FEBRUARY 25, 2019

As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement. This is an area that we are studying.”.

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Regulation Fintech Community Bank Community 147

American Banker

JUNE 13, 2024

Where is the pushback from the industry? Legislation enabling new banklike stablecoin issuers would create direct competition for deposits, with small U.S. banks in the most danger.

Community Bank 91

Community Bank Community Industry cryptocurrency 91

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

Abrigo

JANUARY 17, 2024

Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. One issue that hurts people and communities everywhere is human trafficking, and January is Human Trafficking Awareness Month.

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Training Community Software Texas 261

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. 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.

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Community Bank Community Fraud Texas 134

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs. It’s great news for the industry, but it also raises a number of priorities.

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs. It’s great news for the industry, but it also raises a number of priorities.

Regulation 150

Regulation Industry Trends Compliance 150

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Independent Banker

JANUARY 31, 2023

Community bankers and industry experts share how to best put this data to use. billion-asset First State Community Bank in Farmington, Mo. To use data effectively, community bankers need to balance the information with what they know to be true about their customers. All data creates a competitive advantage. The results?

Community Bank 91

Community Bank Community Trends Payments 91

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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Community Bank Community Industry Texas 239

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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New York Compliance Regulation Analysis 221

Abrigo

JANUARY 30, 2024

Get your ticket now for ThinkBIG, an industry-leading learning and networking event. REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Still on the fence about attending the ThinkBIG 2024 conference? Don’t take our word for it, though.

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Conference Arizona Phoenix Fraud 195

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks.

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Regulation Cards Community Bank Community 78

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Bank 157

Community Bank Community Millennials Regulation 157

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

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Community Bank Community Hawaii Washington 218

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.

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Community Bank Community Fintech Arizona 183

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

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The Act, announced in 2010, requires or authorizes federal agencies to issue rules to strengthen the financial services industry.

Community Bank 150

Community Bank Community Compliance Training 150

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. However, the banking industry doesn’t like that one bit. “We And as the banking industry’s letter shows, FIs are still displeased with the idea as well.

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Regulation National System Industry 349

Finer Points

JUNE 22, 2016

It took years of hard work, but community bankers once again showed they can make a positive impact on new regulations through engaged grassroots advocacy. The latest industry success came with the release of the Financial Accounting Standards Board’s final updated standard on credit losses.

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Community Regulation Industry Community Bank 112

Independent Banker

AUGUST 31, 2021

[There is a] need for strong voices to weigh in on how new regulation will affect our communities and the customers we serve. This month’s issue of Independent Banker focuses on regulation and compliance, which continue to be costly and important topics for our industry. A 2020 U.S. icba.org/events. Rebeca Romero Rainey.

Community 145

Community Community Bank Compliance Regulation 145

Independent Banker

AUGUST 31, 2022

Managing compliance is a role that community bankers take more seriously than any other segment of the financial services industry. Regulations are there to require what we do every day as community bankers: protect our customers. Bolton is president and CEO of Community Spirit Bank in Red Bay, Ala.

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Compliance Community Leadership Industry 177

PYMNTS

JANUARY 9, 2018

As this trend unfolds, though, there is another player in the small business lending space that still stands to disrupt the industry even if it isn’t grabbing as many headlines. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

Abrigo

AUGUST 14, 2019

Many in the financial crimes community have been waiting for some sort of guidance on banking cannabis-related businesses. The communities where cannabis has been legalized are flooded with cash associated with these businesses and have no place to deposit the funds, creating a major safety issue.

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Regulation Denver Community Security 150

CFPB Monitor

MAY 17, 2021

On May 19, 2021, the House Financial Services Committee will hold a hearing , “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” The scheduled witnesses are: Todd Harper, Chairman, National Credit Union Administration.

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Regulation FDIC National Community 78

PYMNTS

MAY 12, 2016

In reference to regulations directly impacting the banking industry, Dimon promised that “we’re going to satisfy the regulators” and noted: “When I travel around America, I get a huge amount of complaints about regulation. Small business, middle market, large companies. And I agree with that.”

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Regulation Community Bank Community America 100

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. A lengthy report released recently by the U.S.

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Regulation FDIC Survey Community Bank 150

Abrigo

DECEMBER 11, 2014

While the final guidance clearly applies to larger financial institutions, community banks should still take note. ” The section further details this would only occur under extraordinary circumstances, but community banks should be aware of the new framework and even consider applying the guidelines as a proactive, best practice.

Community Bank 208

Community Bank Community Guidelines Risk Management 208

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

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Compliance FDIC Regulation Fraud 221