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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Among the names joining up are Citizens & Northern Bank (based in Pennsylvania), Inland Bank (Illinois) and Lincoln Savings Bank (Iowa).

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Former Pennsylvania Secretary of Banking Lays Down Ideas on How to Lover Your Regulator

Jeff For Banks

Glenn Moyer, the former Secretary of the Pennsylvania Department of Banking and Securities (pictured), spoke at a banking industry event this past week. His subject: How to love your regulator. Regulator relations is a pressure point in our industry. Never ask your regulator “What would you like me to do?

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Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

She graduated from Spelman College and earned her MBA from The Wharton School at the University of Pennsylvania. The company revealed that David Kowach has been named head of community banking, while Jim Hays has come on board as president and head of Wells Fargo Advisors. Her first day will be Aug.

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DOJ announces settlement of redlining lawsuit

CFPB Monitor

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area).

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Ballard Spahr to hold comprehensive year-end CLE webcast series–Consumer Financial Services in Turbulent Times

CFPB Monitor

Topics will include credit card and payments regulation, fair lending, Fintech developments, enforcement developments, student and mortgage lending and servicing issues, debt collection, Community Reinvestment Act rules, and anti-money laundering. More information, including how to register, will be available in the coming weeks.

Nevada 60
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

The first plane hitting the Twin Towers, the second plane, the Pentagon, and then our heroes on Flight 93 crashing into a Pennsylvania field. See Part I: Implications for Community Financial Institutions. BSA Rules and Regulation. BSA Rules and Regulation. Stay up-to-date on the latest FinCEN Priorities. Learn More.

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Bank Regulators Close Third Institution of 2016

American Banker

Pennsylvania state regulators on Friday closed the $103.3 million-asset First CornerStone Bank in King of Prussia, the third institution to fail this year.