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Washington Watch

Independent Banker

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Community Bankers Chosen as CFPB Advisors.

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Rebeca Romero Rainey: Shifts in lending

Independent Banker

While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. But community banks have adapted to address that shift. So, while this next round of uncertainty will bring with it new challenges, the strength of the community bank business model remains intact.

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Regulation and Compliance: Ready for Review

Independent Banker

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. By Karen Hoffman.

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Managing Bank Regulations: Are You a Dodo or a Cockroach?

Gonzobanker

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. The best banks aren’t just compliant with new regulations.

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OCC to hold forum on financial innovation

CFPB Monitor

On June 23, 2016, the OCC will hold a forum in Washington, D.C. ” The forum will bring together representatives from banks, financial technology companies, and community and consumer groups to discuss developments, opportunities, and challenges related to financial innovation.

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Digital Disruption

Independent Banker

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Fiscal Policy We are not seeing activity from Washington DC. We have seen the elimination of several regulations; the lifting of burdensome regulations will help everyone. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Tax cut and tax reform proposals have been floated.