CFPB Monitor

NOVEMBER 30, 2023

This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

Community 147

Community Regulation System FDIC 147

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

DECEMBER 16, 2019

NPCI, the payment regulator governed by the Reserve Bank of India (RBI), launched real-time payments in 2016. First, UPI is an interbank transfer system. … Second, it is a real-time system. The system in India was quickly and widely adopted, and jumped from 100,000 monthly transactions three years ago to 1.15

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Google System Payments Study 144

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

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Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

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New York Compliance Regulation Analysis 221

Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list.

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Lending Risk Management Community Management 221

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

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Community Community Bank social media Security 139

South State Correspondent

APRIL 15, 2024

We feel that as community bankers, we can learn from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet’s annual shareholder letters. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry.

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Community Community Bank Leadership America 195

PYMNTS

JANUARY 7, 2020

The Trump administration recently submitted new rules governing any future federal regulation of artificial intelligence (AI) used in an array of industries, according to reports , including transportation and medicine, among others. The rules are instead “limited to how federal agencies devise new AI regulations for the private sector.

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Regulation New York Policies System 131

American Banker

MAY 14, 2024

Community Financial Development Institutions' mission-driven lending has traditionally been a small segment of the lending market. That's beginning to change, but plugging into secondary lending markets might not be the kind of change communities need.

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System Community Lending Marketing 61

PYMNTS

AUGUST 5, 2019

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. That stipulation is very important for the creation of the FedNow system.

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System Payments Kansas Online 212

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

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Community Bank Community Lending Louisiana 144

PYMNTS

NOVEMBER 28, 2018

Facebook could face coordinated regulation by nine countries after chief executive Mark Zuckerberg refused to be questioned by an international committee on fake news. According to a report in the Financial Times , members of parliament from Argentina, Brazil, Canada, Ireland, Latvia, Singapore, France, Belgium and the U.K.

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Regulation Policies US System 145

Abrigo

NOVEMBER 15, 2019

Many of the objectives of a credit risk review system support business goals. Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. Objectives of effective credit risk review systems. Identify problem loans early. learn more.

System 150

System Lending Compliance Risk Management 150

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

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

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Regulation National System Industry 349

BankUnderground

AUGUST 9, 2022

We argue that if an open and decentralised metaverse grows, existing risks from cryptoassets may scale to have systemic financial stability consequences. None currently meet the Bank’s standards for a systemic stablecoin. Which vision will dominate, when and at what size, is uncertain.

System 132

System blockchain cryptocurrency Lending 132

CFPB Monitor

NOVEMBER 13, 2023

On October 24, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). Continue Reading

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Community Regulation System FDIC 78

Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. These are all phrases that resonate with community bankers. Community bankers are not keeping these concerns to themselves. Last month, community bankers from all over the United States asked the Senate for regulatory relief.

Community Bank 191

Community Bank Community Strategy Risk Management 191

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. The company has estimated that the impact of its system meltdown during bad weather will cost it as much as $825 million. Systems often fail at the worst time.

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Technology Lending Community Software 195

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

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FDIC Regulation Community Lending 78

PopularBank

OCTOBER 17, 2023

A new Florida condo safety law passed in June 2023 makes some updates to a regulation passed in 2022 for condominium and cooperative buildings. Milestone inspection deadline The new Florida condo safety law extends the initial deadline for milestone inspections for community buildings reaching 30 years old. We’re here to help.

Florida 52

Florida Regulation Community Study 52

CFPB Monitor

NOVEMBER 27, 2023

This is our second blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

Community 78

Community Regulation System FDIC 78

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. It also includes a provision for the GAO to study the regulations on an annual basis.

Community Bank 150

Community Bank Community Compliance Training 150

Independent Banker

SEPTEMBER 30, 2018

With the 10th anniversary of the Wall Street financial crisis just behind us, let us not forget the wrongdoings of the nation’s largest and most systemically important banks—wrongdoings that led to the Great Recession and the undoing of one too many American dreams. Americans deserve better from their financial institutions.

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Community Memphis Tennessee Community Bank 79

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

AUGUST 14, 2019

Many in the financial crimes community have been waiting for some sort of guidance on banking cannabis-related businesses. financial system is money laundering. The communities where cannabis has been legalized are flooded with cash associated with these businesses and have no place to deposit the funds, creating a major safety issue.

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Regulation Denver Community Security 150

PYMNTS

MARCH 8, 2018

Ripple’s CEO would like regulators and the cryptocurrency industry to learn how to get along. “It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system,” CEO Brad Garlinghouse said in an interview on CNBC. exchange Coinbase.

Regulation 111

Regulation Bitcoin cryptocurrency System 111

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. 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.

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System Las Vegas San Antonio San Diego 264

Abrigo

APRIL 23, 2015

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. The bill, spearheaded by Senator Joe Donnelly, D-Ind., and Senator Pat Toomey, R-PA.,

Community Bank 150

Community Bank Community Survey FDIC 150

PYMNTS

JANUARY 9, 2018

While marketplace lending platforms and alternative finance players first surfaced to compete with traditional financial institutions (FIs), many large banks have now realized that collaborating with these companies is the way to better service SMBs — and without the added investment in developing proprietary systems.

Community Bank 131

Community Bank Community Fintech Lending 131

Abrigo

JULY 29, 2021

The United States financial system has long been a desired destination of illicit funds linked to senior foreign political figures and kleptocracy, a state of unrestrained political corruption. financial system. do not see this as a serious risk to their financial institutions, especially at the community financial institution level.

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United States Training Community Policies 195

CFPB Monitor

MAY 17, 2021

On May 19, 2021, the House Financial Services Committee will hold a hearing , “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” Randal Quarles, Vice Chairman of Supervision, Board of Governors of the Federal Reserve System.

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Regulation FDIC National Community 78

ABA Community Banking

MARCH 16, 2023

As regulators conduct their reviews, Brown said they should look for “broader vulnerabilities” in the banking system and take steps to mitigate them. Brown asks regulators for ‘comprehensive review’ of bank failures appeared first on ABA Banking Journal. The post Sen.

Regulation 52

Regulation System FDIC Community Bank 52

Abrigo

APRIL 10, 2017

Ancin commented that this is consistent with the trend he has seen with his clients either beginning to dip their toes into the MBL market, or other clients that are aggressively competing with community banks on commercial lending. Next, Ancin moved into a discussion of the current regulatory environment around MBL.

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Regulation United States Lending Community Bank 150

PYMNTS

NOVEMBER 18, 2020

The DOJ and relevant regulators must fully scrutinize this proposal and assess the merger’s potential impact on the banks’ customers, workers at the banks, and communities served by the banks, especially communities of color that have been hardest hit by the pandemic," she said in the release.

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Regulation Community Taxes Trends 201