CFPB Monitor

FEBRUARY 11, 2021

The publication of Mr. Uejio’s statement to CEEA follows the publication of his statements to the Bureau’s Division of Supervision, Enforcement, and Fair Lending and Division of Research, Markets, and Regulations. Expand the Bureau’s social media presence. He did not identify those consumer advocates.)

Company 148

Company Report social media Community 148

PYMNTS

OCTOBER 16, 2019

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

social media 110

social media Online Groups Video 110

Gonzobanker

JULY 13, 2023

With their focus on consumer lending, credit unions are especially interested in this technology. However, in both supervised and unsupervised machine learning, bankers need to keep in mind that models develop biases that might not comply with things like fair lending and Community Reinvestment Act regulations.

Technology 78

Technology Software social media Fraud 78

South State Correspondent

JUNE 13, 2022

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. Instantly, the cash flow for those businesses that many community banks lent to is impacted. For example, let’s go back to our convenience store (c-store) lending example.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

SEPTEMBER 28, 2020

The Predatory Lending Trap. This can come with a whole host of other problems, although some regulators have taken steps to broaden the scope of borrower protections to include SMBs. When an organization is bearing an ever-increasing burden of outstanding accounts receivables, there are multiple sources of capital to which it can turn.

social media 215

social media Capital Fintech Operations 215

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 194

Fintech Community Regional Technology 194

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

SEPTEMBER 12, 2016

ModCloth then decided to make its new focus on transparent, honest, undoctored advertising its cause célèbre and began hiring models from its own customer base and using users’ own social media photos wearing its clothing in its ad campaigns. Ileana Ros-Lehtinen (R-FL) to discuss the importance of the movement. “It

social media 100

social media San Francisco Retail Branding 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

Jeff For Banks

APRIL 25, 2014

"Our combined financial institution will offer a wider array of products and services while continuing our long-standing personal commitment to our customers and community." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to Community Bank Shares of Indiana, Inc.

Community 92

Community New York Indiana Connecticut 92

Gonzobanker

JANUARY 4, 2016

There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own. Today, bank executives are struggling to stay current in an industry growing ever-more complex with increased regulation, changing customer expectations and digital disruption.

San Diego 60

San Diego Phoenix social media Strategy 60

PYMNTS

JUNE 27, 2017

JB: We’re based in San Diego, a city that not only has a vibrant and fast-paced software and technology community, but also so many great outdoor activities and attractions. Without the smartphone, there would be no mobile payments, and it’s doubtful peer-to-peer lending would have taken off like it has.

Innovation 145

Innovation System Mobile Trends 145

Insights on Business

JANUARY 10, 2017

Threats and challenges to traditional businesses are coming from the likes of PayPal, Lending Club and Lufax, although the current impact seems to be greater in payments than in investments. And data can be structured in databases or unstructured in social media and video. It’s no different in banking and financial services.

Customer Experience 87

Customer Experience social media Video Innovation 87

ZootBlog

NOVEMBER 11, 2015

In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Smaller community banks are finding it beneficial to collaborate with neobanks. Alternative lending platforms are providing capital to consumers more efficiently than traditional banks.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Jeff For Banks

JULY 22, 2013

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 5. Bank SVP: the mortgage lending business is like a shark. Maybe social media is happening outside of the Marketing Department.

NJ 96

NJ social media Strategy Industry 96

American Banker

DECEMBER 1, 2016

Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. American Banker readers share their views on the most pressing banking topics of the week.

social media 28

social media Community Bank Regional National 28

Lex Sokolin

OCTOBER 14, 2020

And this realization takes us to Lending Club. Peerless Lending Lending Club represents an era of Fintech credit. The core premise at its founding was to recreate the dynamics of the sharing and social media revolutions. And then you give up on peer-to-peer lending entirely. Peer-to-peer lending is dead.

Lending 52

Lending User Experience Google United States 52

American Banker

MARCH 18, 2016

Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. American Banker readers share their views on the most pressing banking topics of the week.

social media 28

social media Community Bank Regional National 28

Gonzobanker

DECEMBER 20, 2018

CVB Financial acquires Community Bank. With active investment and community engagement, Hispanic membership growth at ICCU is now more than twice the rate of other household segments. Another example of sincerity and innovation making an impact on local communities. Easy as a golf swing. Bank Purchase of the Year.

Fintech 102

Fintech Conference Innovation Community 102

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. FinTech threats and distractions.

Conference 91

Conference Industry Community Bank Community 91

Lex Sokolin

JULY 22, 2019

If you are a locally powerful sovereign in the local feudal community, you might be able to hire a craftsman like Michelangelo to paint the ceiling once every twenty years. Home photo albums grew from a few dozen mundane, poorly composed pictures, to millions of images immaculately designed and filtered for social media.

US 40

US social media blockchain Examples 40

Lex Sokolin

JULY 22, 2019

If you are a locally powerful sovereign in the local feudal community, you might be able to hire a craftsman like Michelangelo to paint the ceiling once every twenty years. Home photo albums grew from a few dozen mundane, poorly composed pictures, to millions of images immaculately designed and filtered for social media.

US 40

US social media blockchain Examples 40

Gonzobanker

NOVEMBER 18, 2014

Vaynerchuk delivered our second favorite Gonzo quote of the event (keep reading for the first favorite), “The adage ‘We’re regulated’ is a scapegoat from doing cool s**t.” Barclaycard discussed its social media and crowdsourcing, including a site where customers share travel stories and openly discuss product options.

Chicago 97

Chicago Retail Branch Design Training 97

Lex Sokolin

AUGUST 19, 2020

Arguably, Monzo is the most fragile of the three players despite having a banking license for 2 years and having converted 94% of its prepaid card customers into current accounts for deposits and lending. lending is hard during a global pandemic! In Europe, the whole thing is frowned on by regulators and would likely be shut down.

Comparison 52

Comparison Fintech Lending Analysis 52

Tomorrow's Transactions

OCTOBER 8, 2014

Innotribe’s bitcoin series included talks on regulation, disruption and the future of investment in the space. I know this will result in deluge of abuse via anti-social media, but I actually think he is right about this, and I’m not sure it helps to advance the cryptocurrency case. I don’t believe this for a moment.

Bitcoin 61

Bitcoin cryptocurrency blockchain social media 61

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond).

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

SEPTEMBER 25, 2016

Earlier this year at FinovateSpring, our attendees awarded a Best of Show trophy to BanQu ( F16 ) , a company that uses blockchain technology to help refugee and displaced persons re-establish community ties through identification and financial inclusion. New ACH regulation. Security: Short and Sweet.

blockchain 12

blockchain Trends Fintech Cards 12

CB Insights

NOVEMBER 6, 2018

But there’s a dark side to YouTube’s influencer marketing community. YouTube has recently taken a more active role in regulating influencers on its platform. This isn’t the first time Facebook has made a social commerce play, but many of its previous attempts failed to gain traction. Source: Think with Google.

Google 72

Google Apple Industry Branding 72