PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227

US Cyber Security Security National 227

Ublocal

APRIL 6, 2023

Local Causes of Food Insecurity in New Hampshire and Vermont Causes of food insecurity in Vermont and New Hampshire both follow national trends, while also having some underlying origins unique to our New England region. We are so thankful for the continued support of our community, including partners such as Union Bank.”

New Hampshire 52

New Hampshire Vermont Community Regional 52

Abrigo

AUGUST 31, 2023

Naming conventions One benefit of customer-centric KYC is that it differentiates community financial institutions from larger, more impersonal banks by allowing clients to retain their individuality and build personal relationships. For example, form letters often filter information from core systems, automatically assigning “Mrs./Mr./Miss”

Compliance 195

Compliance Community Training System 195

CFPB Monitor

OCTOBER 4, 2022

As of 2021, Lakeland’s Community Reinvestment Act (CRA) assessment area included majority-white areas of Essex, Somerset, and Union counties and excluded the portions of those counties that contain majority-Black and Hispanic neighborhoods.

New Jersey 147

New Jersey Lending Community National 147

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

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

PYMNTS

APRIL 3, 2020

ECB President Christine Lagarde said cooperation of the central bank community in Europe “works effectively.”. Our real-time settlement platform is a pivotal contribution to Europe’s endeavors to satisfy citizens’ increasing demand for faster, cheaper and convenient payment services without compromising on security.”.

Payments 187

Payments National Policies Community 187

Abrigo

JULY 21, 2021

Key Priority: Foreign and Domestic Terrorist Financing Among FinCEN's first list of key priorities for AML/CFT policy is detecting, reporting, and preventing foreign and domestic terrorism. See Part I: Implications for Community Financial Institutions. Would you like others articles like this in your inbox? Continuing education.

Training 195

Training National Strategy Regulation 195

South State Correspondent

FEBRUARY 22, 2024

For example, at present, return on equity performance is about 12% for the average community bank. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

How To 195

How To Strategy Capital Lending 195

PopularBank

JUNE 23, 2022

At Popular Association Banking, we are happy to see many community associations being proactive with their contingency planning and setting aside money for repairs, replacement reserves and emergency funds, but it is critical that those plans are kept current. For community associations, preparedness is key.

Community 52

Community Florida Miami Examples 52

Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). Crime proceeds linked primarily to the national sector such as fraud, burglaries, theft, robberies, loan sharking or protection racketeering were not included in these estimates.”.

Training 195

Training Strategy Fraud National 195

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. By Mary Thorson Wright. Evolving risks.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Main Street Banking: A Podcast for Community Bankers 8. And all release a new episode at least monthly. NextGen Banker 10.

Community 195

Community Lending Maine Resources 195

PYMNTS

NOVEMBER 15, 2016

The National Institute of Standards and Technology (NIST) is looking to help. With a guide developed for SMEs in need of cybersecurity direction, NIST’s latest paper, “ Small Business Information Security: The Fundamentals ,” released last week, aims to shed light on basic cybersecurity measures SMEs must take.

Security 100

Security Data Resources Course 100

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

PYMNTS

NOVEMBER 20, 2019

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and video, according to a report by CNBC. They asked whether the technology could be accessed by foreign entities, or whether the technology posed a risk to national security.

Data 100

Data Delaware Oregon Video 100

FICO

NOVEMBER 29, 2018

This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders.

Community 67

Community Community Bank Policies Leadership 67

PYMNTS

MARCH 17, 2017

Addressing Challenges for Highly Subjective and Complex Accounting Areas concluded that an effective accounting policy is also critical and guides all other processes. The collaboration is also holding workshops to promote collaboration among the business community and explore best practices for corporate data security.

Fraud 100

Fraud Report Policies Leadership 100

CFPB Monitor

JANUARY 30, 2020

Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Department of Homeland Security. Before joining the Bureau, she served as Director of Procurement Services for the Corporation for National and Community Service.

Regulation 78

Regulation Policies Lending Community 78

Abrigo

NOVEMBER 18, 2019

This increase in cash escalates the threat of robberies, assault, and other aggressive crimes both at these businesses and in the surrounding communities. It also allows financial institutions to properly monitor for and report on suspicious activity, ensuring that the CRBs in their communities are legitimate. What about hemp?

Regulation 150

Regulation Community National Operations 150

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). One of AMLA's primary objectives is for financial institutions to spend time doing what is truly necessary for detecting criminal activity and not spin their wheels with policies and procedures on tasks that bring no benefit to law enforcement.

Compliance 195

Compliance Regulation Resources Policies 195

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

MAY 30, 2019

. “While most people are not aware of the magnitude of these issues, an entire economy is booming and growing in sophistication around harvesting and weaponizing stolen credentials, with participation from nation-states and cybercriminals,” Goetz, a partner at Sequoia, said in the press release.

Leadership 115

Leadership Branding Capital Policies 115

Abrigo

JUNE 19, 2022

Prior to the required CECL adoption in 2023, community financial institutions can expect that examiners will be interested in and asking how they are progressing in their preparation for CECL,” said Chris Riba, Assistant Vice President of the Minneapolis Federal Reserve. Are you using national data or local?

Tools 195

Tools Regulation Data Resources 195

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Fundamentals of BSA. CommunityBank of Texas' citations.

Resources 195

Resources Texas Analysis System 195

PYMNTS

MAY 23, 2017

That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group. North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide.

Cyber Security 108

Cyber Security Groups Security Bitcoin 108

Abrigo

JUNE 13, 2022

Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. . According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. The latest survey indicates that COVID-19 has impacted bank community engagement.

Fraud 195

Fraud Training United States Survey 195

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. But for most community banks, building a trustworthy brand isn’t a conscious effort.

Community 139

Community Community Bank social media Security 139

PYMNTS

NOVEMBER 28, 2018

said Facebook has lost the trust of the public — and peppered Facebook’s vice president of policy solutions Richard Allan with questions during a hearing in London after Zuckerberg refused to appear at the hearing. The hearing comes in the same week that the U.K.

Regulation 145

Regulation Policies US System 145

Abrigo

FEBRUARY 8, 2022

NBFIs are broadly defined as institutions other than banks or credit unions that offer financial services, such as money services businesses, casinos and card clubs, trust companies, securities and commodities, firms, and insurance companies. NBFIs need written AML program. Periodic BSA training must be given to all employees of the NBFI.

Compliance 195

Compliance Training Regulation Fraud 195

Independent Banker

MAY 24, 2016

To be formally issued this month, the changes in the standard will considerably reduce the complexity and cost of its loan and securities impairment and provisioning requirements. For example, the accounting standard will now be crystal clear that community banks can forgo certain unnecessary or inappropriate disclosures.

Community Bank 72

Community Bank Community Policies Leadership 72

Independent Banker

DECEMBER 13, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

Independent Banker

SEPTEMBER 22, 2015

Security Officer and Appraisal Compliance Coordinator Manager. The First National Bank and Trust Co. IB: What does your job as a security officer for The First National Bank and Trust entail? Working with marketing to create security training in super-accessible video on the bank’s intranet has been another.

Video 70

Video Security Policies Compliance 70

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

MyBankTracker

MARCH 17, 2021

Nationwide is a national insurance carrier that provides coverage for homeowners, auto and life insurance, and other insurance products. With Nationwide, policyholders can choose from various coverage options and discounts to arrive at a customized, affordable insurance policy that fits their needs. Industry ratings.

Policies 52

Policies Taxes North Carolina Cards 52

Independent Banker

FEBRUARY 24, 2016

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Community bank institutional investment portfolio managers have been put through their paces the past several years. Yet that is exactly what many community banks have accomplished.

Community Bank 70

Community Bank Community Texas Management 70