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The banks serving active duty personnel

Independent Banker

Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Photo by: Dero Sanford. By Judith Sears.

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Lowe’s Now Offers Prepaid Credit Cards For Construction Crews

PYMNTS

PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses. Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.-based

Cards 100
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4 ways to get more out of your core

Independent Banker

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities. billion-asset community bank.

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Bank Fraud Case Exposed by Unusual Source

ABA Community Banking

Six people were arrested last week of bank fraud in Jacksonville, Florida Feature Risk Management AML & Fraud Customers Operational Risk Cyberfraud/ID Theft Feature3.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. billion, on an 82 percent increase in retail sales. Ontario (L.A.), Oklahoma City, and Memphis.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Jacksonville, FL. William Howle, Head of U.S.

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The Big Gorilla

Independent Banker

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. First Security, a $180 million-asset community bank in New Salem, N.D., By Denise Logeland. Fearful of mistakes.