PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. 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

PYMNTS

OCTOBER 16, 2017

Last week, P2Bi announced the rollout of a new partnership program that enables community banks to participate in its small business loan marketplace. Community banks are typically a better bet for small businesses in search of a loan, with approval rates higher than those at larger financial institutions. suggests a shift is ahead.

Community Bank 110

Community Bank Community Fintech Lending 110

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. Of course, banks and credit unions are highly regulated industries, and this is increasing. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Jeff For Banks

APRIL 4, 2024

You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

APRIL 29, 2019

Plus, there is new evidence that the middle-market business community fared particularly well in the first quarter. percent drop in revenue among micro-enterprises dims the overall sentiment among SMBs, and presents a stark contrast to the mid-market’s performance for Q1. Beyond the U.S., Beyond the U.S. ,

Lending 168

Lending Michigan Community National 168

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference in September. WARM was geared specifically to community banks.

Community Bank 150

Community Bank Community Lending Analysis 150

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.

Community Bank 239

Community Bank Community Industry Texas 239

Abrigo

AUGUST 9, 2019

Modernization of the Community Reinvestment Act. Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution. See the entire agenda here.

Management 150

Management Conference Lending Training 150

PYMNTS

APRIL 10, 2017

The lead regulator for U.S. We want to ensure that each customer impacted by our sales practices issue has every opportunity for remediation, and this agreement presents an additional option,” Wells Fargo Chief Executive Officer Timothy Sloan said in a statement. “We Maxine Waters, U.S.

Regulation 100

Regulation California Community Bank Cards 100

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In addition to discussing the symposium and Data Point report in the section on “Access to Credit,” the new fair lending report discusses conducting supervisory reviews of alternative credit scoring models.

Lending 60

Lending Report Policies Compliance 60

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. One might think that once a borrower is presented with a 358 percent rate, they’d run – fast. ” Knowing Their Options.

Lending 136

Lending New York Online New Jersey 136

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards.

Fintech 195

Fintech How To Innovation System 195

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., This presents an opportunity for technology to enhance data collection and automate many aspects of the lending process, but Periu emphasized that technology isn’t going to replace humans in this market.

Lending 101

Lending Marketing Analytics Capital 101

PYMNTS

MAY 10, 2017

“Small businesses fuel America’s economic engine, create jobs and nurture communities. Yet little is known about how well the lending market serves their financing needs,” CFPB Director Richard Cordray said in a statement announcing a formal request for information.

Lending 108

Lending Community America Regulation 108

PYMNTS

AUGUST 19, 2019

A draft executive order from the White House might lay out how Big Tech firms curate and present their data. As noted last week, the draft order, which was seen and reported by CNN , would place the Federal Communications Commission (FCC) in charge of how marquee names such as Facebook and Twitter show what is on their sites.

social media 128

social media Regulation Lending Compliance 128

PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector.

Regional 100

Regional Community Bank Community Policies 100

Jeff For Banks

MAY 21, 2022

I'm growing more concerned about the time and effort by community financial institutions to understand the needs of next generation shareholders and build a strategy around shareholder succession. You may be aware that Wellington is a significant institutional investor in community bank stocks. Hope it helps.

Community 78

Community Lending Community Bank Meeting 78

Abrigo

JUNE 28, 2023

They wear many hats, especially in smaller community banks and credit unions. Presenting the information in the same format each month will also create consistency for your audience, making it easier to review and understand, especially when there are big changes. It also provides justification for more resources when needed.

Compliance 195

Compliance Fraud Report Trends 195

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. I’ll repeat that: one credit union and one community bank.

Conference 60

Conference Lending Community Bank Community 60

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

PYMNTS

OCTOBER 9, 2018

However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community. In its report, S&P found nearly 50 percent of SMB borrowers are too unfamiliar with digital lenders to use alternative finance.

National 167

National Regulation Capital Industry 167

PYMNTS

JULY 2, 2018

Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa ‘s high interest rates, which caused the FinTech to scrap its initial public offering (IPO). Lending platforms must also provide compliant mediation services and ensure compliant draft contracts.

Lending 100

Lending Comparison Fintech Compliance 100

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

Abrigo

DECEMBER 16, 2019

Regulators, investors, and other stakeholders will be watching and listening for updates on the impacts of the accounting change. Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said Summit Community ran into that issue.

West Virginia 195

West Virginia Virginia Data Community 195

Celent Banking

MARCH 16, 2015

The conference was full of community bankers discussing evolving business models and the pressures its placing on their ability to gather deposits. Large banks are now trying to compete on serving the customer and they´re positioning themselves to look and feel like a community experience. P2P lending), and new payment schemes.

Conference 100

Conference Retail Community Community Bank 100

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Abrigo

NOVEMBER 9, 2022

“They’re all three right,” Moore said, adding that choices institutions make during implementation will affect whether the reserve stays the same, goes up, or goes down compared to their present allowance for loan and lease losses levels. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said.

Survey 195

Survey Software Resources Meeting 195

PYMNTS

OCTOBER 13, 2017

How should they adjust to a new reality in which the data they are presented looks legitimate but may be stolen? How do they make decisions about retail transactions, lending activities or money transfers in milliseconds?

Industry 144

Industry Security eBook Data 144

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. Federal regulators say, not always. Federal regulators say, not always. What prompts outsourcing.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

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.

Community Bank 70

Community Bank Community Analytics Lending 70

Gonzobanker

DECEMBER 17, 2021

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. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3% Inspirational? You tell us.

Fintech 147

Fintech Strategy Leadership Lending 147

Abrigo

JUNE 1, 2020

The last three months have brought Chief Financial Officers at community financial institutions an influx of new considerations, work responsibilities, and challenges. Rather, financial institutions that adopted CECL as of Q1 2020 have an option to delay the presentation of the impact of CECL on their financial statements. Learn More.

Analysis 195

Analysis Trends Data Report 195

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." As part of my comments, I presented the following table of New Jersey Deposit Market Share. Nationwide network?

New Jersey 60

New Jersey Compliance Community Meeting 60

Independent Banker

JANUARY 28, 2016

Badley: We have a cool blend of communities. Some are heavily farming communities. Collectively, we’re positioned where we can have customers and employees from a couple bigger areas (such as the communities of Lapeer and Port Huron). IB: If you were regulation czar for a day, what you would you do?

Community 70

Community Compliance Community Bank Leadership 70

Independent Banker

JULY 28, 2016

Through guidance, each of the federal bank regulators prescribes a Compliance Management System (CMS) as the framework for an effective compliance solution. To make the CMS framework effective, every community bank needs to customize it in the context of its profile and performance. What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70