PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

Regulation 100

Regulation Retail New York Apple 100

American Banker

OCTOBER 26, 2016

The regulatory environment could be looking brighter for New York Community Bancorp as it is poised to cross an important regulatory threshold.

New York 28

New York Community Regional National 28

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

Risk Management 221

Risk Management Management Lending Capital 221

Abrigo

JULY 1, 2021

By Vanessa Russell, Founder and Executive Director of Love Never Fails According to the National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various types of human trafficking. BSA Rules and Regulation. Send me related content.

Training 370

Training Conference Community Video 370

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. On top of that, MacKrell said the government is not sufficiently enlightening the small business community about the risks of online lenders.

Lending 136

Lending New York Online New Jersey 136

American Banker

MAY 6, 2016

Maria Vullo, still stuck in limbo as acting superintendent of the New York State Department of Financial Services, is hindered from putting her mark on the agency until she gets confirmed. So a quiet guessing game is going on about how her supervisory philosophy will compare with her predecessor Benjamin Lawsky.

New York 28

New York Regulation Cyber Security Community Bank 28

CFPB Monitor

MARCH 11, 2020

In anticipation of the elimination of LIBOR, the Federal Reserve Board and the Federal Reserve Bank of New York (FRBNY) convened the AARC to identify alternative indices to replace LIBOR. Last year, the FRBNY began publishing the SOFR and the AARC recommended the use of SOFR to replace LIBOR.

New York 78

New York National Groups Community 78

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. In her letter , Linda Lacewell, the DFS superintendent, said she expected regulated depositories under DFS supervision to: 1.

Lending 78

Lending Regulation Community National 78

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. We perform this service for dozens of community banks.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

SEPTEMBER 4, 2020

Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky. In New York City, still considered the epicenter of COVID infection in the U.S.

Boston 205

Boston San Francisco New York City Portland 205

PYMNTS

OCTOBER 12, 2020

We’ve listened to our community and their requests for different payment options – more and more retailers are offering this as an option. Beautycounter has retail stores in New York City and Denver, eCommerce capabilities and approximately 45,000 sales consultants across North America.

Innovation 270

Innovation New York City Denver Retail 270

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

Community Bank 73

Community Bank Community Apple National 73

Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

Regulation 73

Regulation FDIC National Capital 73

PYMNTS

MARCH 4, 2019

As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. In terms of the New York legislation (Intro.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

JULY 12, 2018

Zug] has long been home to citizens from around the world, with over 30 percent of its population being foreign nationals,” Oliver Bussmann, who is the founder of Bussmann Advisory AG and president of the Crypto Valley Association (CVA), told PYMNTS in an email interview.

blockchain 104

blockchain Taxes Regional New York 104

Banking 2020

SEPTEMBER 7, 2015

In 2012, the city of New York passed legislation known as the Responsible Banking Act. Several banks resisted the effort—citing concerns over confidentiality and the expenses involved—and at least one apparently changed its status as a community bank. That law just got shot down. The legislation has a contentious history.

New York City 40

New York City New York Community Industry 40

Abrigo

AUGUST 6, 2019

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk. The 12 major U.S.

System 264

System Las Vegas San Antonio San Diego 264

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. Congrats on a brave move and national recognition Jim! Bank Merger of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147

Independent Banker

FEBRUARY 24, 2016

New inspirations, fresh experiences await at ICBA’s national convention. Welcome to the Crescent City, where the largest educational gathering of community bankers convenes this month. It’s Community Banking LIVE 2016 in New Orleans. Independent Community Bankers of America. Regulators Luncheon*.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Jeff For Banks

MAY 14, 2011

Prognosticators are predicting incredible shrinkage in community FIs because of regulatory burden. I think it is equally likely that boards throw in the towel because their CEO is far closer to the grave than the cradle, like Aunt Edna from National Lampoon''s Vacation. Don''t let Bloomberg radio or the New York Times build your brand.

National 78

National Strategy New York Conference 78

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

PYMNTS

SEPTEMBER 27, 2016

One where grocery stores, restaurants and eCommerce can deliver anything and everything to your home almost instantly by drone, payments are automatic, doctors do house calls, people communicate by FaceTime and most of the labor force works remotely. These robots are the creation of Symbotic LLC, which is owned by billionaire Rick Cohen.

Mobile 100

Mobile Payments Los Angeles California 100

PYMNTS

OCTOBER 14, 2016

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind. But until then….

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

MyBankTracker

MARCH 9, 2021

Founded in 1931, Allstate is a publicly-traded insurance company trading on the New York Stock Exchange (NYSE) under the ticker ALL. At present, Allstate uses a portion of it’s corporate profits and operating procedures to focus on diversity, sustainable business practices, community giving, military support, and more.

Policies 52

Policies National Meeting Guidelines 52

Gonzobanker

AUGUST 22, 2014

While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. The number of banks will continue to shrink from the present 6,700, and we won’t ever see more banks than we have today.

Strategy 87

Strategy United States Community New York City 87

CFPB Monitor

JULY 9, 2020

More detailed information about the new OCC payments charter will be forthcoming in the near future, possibly by this fall, according to Acting Comptroller Brooks. Acting Comptroller Brooks said the OCC envisions a two-phase roll-out of the new charter. would add, the initial Payments Charter 1.0

National 78

National Company Payments New York 78

American Banker

JUNE 16, 2016

Study of financial services offers grim outlook for gender parity, as Patti Husic and Katia Bouazza talk about where change really begins; Maria Vullo vows to forge her own identity as New York's banking watchdog (sans boots); and male CEOs talk about how they maintain work-life balance.

New York 28

New York Study Community Bank Regional 28

CFPB Monitor

OCTOBER 25, 2019

The panel members are: Claire Kramer-Mills, Assistant Vice President and Director of Community Development Analysis, Federal Reserve Bank of New York. The panel will be moderated by Elena Babinecz, Managing Counsel in the Bureau’s Office of Regulations. David Burton, Senior Fellow in Economic Policy, Heritage Foundation.

Tampa 60

Tampa Lending California Community 60

CFPB Monitor

SEPTEMBER 13, 2018

Although this enactment would appear to mark the demise of such enforcement actions, recent announcements from the New York Department of Financial Services have called that conclusion into question. They assert that action by the CFPB in derogation of those regulations would violate the Administrative Procedure Act.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Credit Union Lifetime Achievement Awards.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

FEBRUARY 7, 2020

Representatives Andy Levin of Michigan and Alexandria Ocasio-Cortez of New York have released new legislation they are calling the “EV Freedom Act” that calls for the creation of a network of high-speed charging stations within five years along the public roads of the national highway system.

New York 100

New York Detroit Michigan Georgia 100

CFPB Monitor

FEBRUARY 6, 2015

Mishkin Not surprisingly, letters sent to the CFPB this week by New York Financial Services Superintendent Benjamin Lawsky and by 12 House Republicans urge the CFPB to take very different approaches as it considers payday and short-term loan rulemaking. Conduct a qualitative and quantitative cost-benefit analysis.

Regulation 60

Regulation Lending Analysis New York 60

PYMNTS

FEBRUARY 13, 2017

The businesses that we track and profile in our Store Front Index — the home remodelers, salons, spas, small retailers, delis, coffee shops and restaurants that contribute to the health and vitality of the local communities — are not only declining, they’re not even getting off the starting blocks. NMDNYC.

Retail 134

Retail Innovation Maine Community 134

Abrigo

JANUARY 13, 2021

The victims of human trafficking can be any age, race, or gender, and can be any nationality. However, two out of every three victims worldwide are female, according to the United Nations’ 2018 Global Report on Trafficking in Persons. Agricultural communities are plagued with labor trafficking.

Training 195

Training Fraud National United States 195

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey.

Community 216

Community Fintech Industry Innovation 216