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

JANUARY 22, 2021

The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology. The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said.

New York 181

New York Regional Community Software 181

PYMNTS

NOVEMBER 6, 2019

5) when Jersey City residents voted to apply more regulations to short-term rentals, a decision that could have repercussions as the company prepares for an IPO, according to a report by CNBC. Many cities across the country are concerned with how the company operates and what effect its rentals have on long-term residents.

New Jersey 101

New Jersey Regulation New York Community 101

Jeff For Banks

NOVEMBER 4, 2017

"We want to keep our charter because the OCC is a more distinguished regulator." But more difficult than claiming the OCC is a better regulator? All America Bank is a traditional community bank located near Oklahoma City, and has been around since the 1960's. On a more traditional front, I point to UNSY Bank in upstate New York.

Community Bank 60

Community Bank Community Oklahoma City America 60

PYMNTS

MAY 15, 2020

On Wednesday (May 13), New York City became the latest city to enact protections for eateries. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. San Francisco, Seattle, Washington, D.C.

San Francisco 131

San Francisco New York City Seattle Washington 131

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

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

Abrigo

MARCH 22, 2023

See Part I: Implications for Community Financial Institutions. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Transnational criminal organizations will use anything of value, which can be turned quickly into funds. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

AUGUST 21, 2019

Alibaba’s Hong Kong plans are being eyed by the financial community as a litmus test for the Chinese-controlled business environment. Although there isn’t a new plan in place, Alibaba sources said the company might consider rolling out the deal in October.

New York 100

New York Community Regulation Report 100

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

PYMNTS

MARCH 9, 2020

With that transactional data in hand, PayPal can help the law enforcement community fine tune its efforts to stop the sale of illegally sourced guns and, by extension, reduce criminal misuse of those guns. But if you think about trafficking,” he said of the flow of illegal firearms, “there’s a huge financial backbone to these operations.

Data 177

Data United States Chicago Community 177

PYMNTS

MARCH 17, 2020

Many municipalities are looking to help by proposing new uses for vacant retail sites, including a citywide initiative in Fairfax, Virginia called Activate Fairfax , where the Department of Economic Initiative is soliciting requests for interest in an abandoned Container Store location. and San Francisco.

Retail 135

Retail Arlington San Francisco Milwaukee 135

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

NOVEMBER 23, 2016

He added to The New York Times reporters interviewing him, “Tell your editors that they need to run a headline that says ‘Main Street Won.’”. Banks could stand to benefit from the looser regulations and higher interest rates that are predicted if the Trump fiscal stimulus program succeeds in reviving inflation some.

Community 100

Community America Maine Regulation 100

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

PYMNTS

SEPTEMBER 26, 2018

Ether, for instance, seems to have dropped in value, just as many organizations that had previously raised funds in Ether via ICO “cash out” so as to finance their operations and pay for expenses, Bloomberg said. This week, U.S. It’s another gap in the market giving rise to FinTech firms addressing this issue.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

DECEMBER 8, 2020

Washington state became the latest example late last month, as reported by Eater Seattle , and joins New Jersey and cities such as New York City, as PYMNTS reported. DoorDash is branching out to other services, such as a “ghost convenience store” that is a nod to operating a brick-and-mortar service.

Seattle 160

Seattle New York City Washington New Jersey 160

PYMNTS

JANUARY 15, 2021

In this week's news, we saw Roblox’s plans to go public through a direct listing, consumers’ preferences for a digital-first shopping experience and the rising popularity of quick-response (QR) codes. Digital game platform operator Roblox plans to go public on the New York Stock Exchange next month by a direct listing.

Retail 145

Retail New York Security Resources 145

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. And those stakeholders include ATM operators.

Retail 129

Retail New York City New York New Jersey 129

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

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

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 70

Community Bank Community Apple National 70

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. financial system.

National 195

National Training United States Regulation 195

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 70

Regulation FDIC National Capital 70

CFPB Monitor

JULY 9, 2020

And, the ability to provide payments services on a nationwide basis under a single national licensing regime, rather than dealing with licensing and other requirements on a state-by-state basis, would confer significant financial, operational, and other business benefits.

National 78

National Company Payments New York 78

Jeff For Banks

APRIL 25, 2014

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. The question: What was up with an upstate New York bank? Read: We need to be bigger and have more capital to keep up with regulation and the industry.

Community 92

Community New York Indiana Connecticut 92

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

PYMNTS

MAY 15, 2017

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. She was awarded the Presidential Medal of Freedom from President John F. Kennedy in 1962.

Bitcoin 155

Bitcoin Regulation Innovation Fintech 155

PYMNTS

SEPTEMBER 13, 2017

We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. The firm, founded in New York in 2015 and now located in Hangzhou, with offices in San Francisco, Shenzhen and Luxembourg, has operated since February 2016 with Amazon as its anchor client.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Bobsguide

MARCH 28, 2022

Dubai, UAE, London, UK, New York, US – March 28, 2022 – Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. Key findings include: • More than 80% of regulated financial services providers expect the overall BaaS market to grow.

Innovation 60

Innovation Lending social media Retail 60

PYMNTS

APRIL 20, 2017

The message of the data on enterprise security is unmissable: Bbusinesses are facing more threats than ever before, from both within and outside of the enterprise, especially as operations become more digitized. That community of third-party players is growing for every business, Schneider noted. Let’s face it,” he said. “To

Risk Management 116

Risk Management Security Data Policies 116

Gonzobanker

OCTOBER 24, 2018

Name the rule, reg or newly formed regulator, and the common bond is that they were all born out of bankers not policing their own industry. March 2017 – Wells failed the OCC community lending test, the Feds uncovering “violations across multiple lines of business within the bank” and “significant harm to customers.” Dodd-Frank.

San Francisco 143

San Francisco Industry America Compliance 143

PYMNTS

MARCH 23, 2018

As a firm, Cambridge Analytica makes some pretty big claims in general – namely, that it can take raw personality data from subsets of voters and develop complex models of individuals, which campaigns can then use to target and micro-target voter communities to move elections their way. Cambridge Analytica.

Maine 105

Maine Regulation Data New York 105

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. The picture is no less odd than a driverless car. But, so what?

Mobile 100

Mobile Payments Los Angeles California 100

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. There’s now a new layer of stewardship.

Fintech 143

Fintech Strategy Leadership Lending 143

Abrigo

JANUARY 13, 2021

He also places some responsibility squarely in the realm of AML when he states that “the use of human trafficking by terrorist groups…acts as a means by which terrorist organizations recruit and finance their operations.” Agricultural communities are plagued with labor trafficking. Finance Against Slavery and Trafficking.

Training 195

Training Fraud National United States 195