CFPB Monitor

SEPTEMBER 13, 2019

In its recently published Summer 2019 Newsletter , the Washington State Department of Financial Institutions (“DFI”) reported that it had interpreted the Servicemembers Civil Relief Act (“SCRA”) broadly to apply the SCRA’s 6% interest rate cap to a loan agreement entered into only by a servicemember’s spouse.

Washington 60

Washington Community Regulation Report 60

Independent Banker

AUGUST 31, 2022

This month’s Independent Banker focuses on budgeting issues with a special emphasis on the ICBA National Community Bank Service Awards. With that two-pronged concentration, I can’t help but consider the connection between our role of service and the impact regulation can have on our very ability to serve. Where I’ll be this month.

Community Bank 163

Community Bank Honolulu Community Georgia 163

Finer Points

SEPTEMBER 10, 2015

Jorde Congratulations, community bankers! This week we saw once again that our industry’s hard work and determination on behalf of regulatory relief can achieve tangible results in Washington. By Terry J.

Community 100

Community Washington Community Bank Regulation 100

Independent Banker

FEBRUARY 16, 2015

While Washington often moves at a glacial pace, it recently came to life to enact reforms benefiting bank and thrift holding companies. These reforms—one enacted by Congress, another by regulators—are designed to improve access to capital and to even reporting requirements for community bank and thrift holding companies.

Washington 70

Washington Community Bank Policies Community 70

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

Community Bank 218

Community Bank Community Hawaii Washington 218

Independent Banker

SEPTEMBER 26, 2014

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.

Washington 70

Washington Fort Worth Regulation Community Bank 70

Long Lasting Ideas

JUNE 8, 2016

Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Sarbanes-Oxley, Dodd-Frank, the FDIC and other financial regulators – as well as Congress and the White House — have not been friendly to community banks, all while bailing out Wall Street big boys.

Washington 40

Washington Community Bank Community FDIC 40

Finer Points

OCTOBER 6, 2014

A new report exposing the New York Fed’s coddling of Wall Street megabanks—particularly Goldman Sachs—is making waves in Washington. The ProPublica report exposes the New York Fed’s culture of deference to the megabanks it is charged with regulating as well as its marginalization of the few examiners who have spoken out. […].

Community Bank 192

Community Bank Community New York Washington 192

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job."

Community Bank 150

Community Bank Community FDIC Survey 150

Independent Banker

SEPTEMBER 30, 2018

As policymakers continue to review financial services regulations, the largest banks are working to roll back rules that were designed to mitigate the risks they pose to the financial system. First things first: Washington needs to slow down and reevaluate. I’ll be traveling to Memphis to visit Vining Sparks and CRA Partners.

Community 79

Community Memphis Tennessee Community Bank 79

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. ICBA president and CEO Rebeca Romero Rainey, Washington, D.C.

Community Bank 239

Community Bank Community Industry Texas 239

Finer Points

MARCH 28, 2016

It was a long time coming, but persistence paid off when the Consumer Financial Protection Bureau recently updated its mortgage regulations to ease unnecessary restrictions on many community banks.

Community Bank 100

Community Bank Community Regulation Washington 100

South State Correspondent

JUNE 28, 2016

We attended a full day session at the OCC in Washington D.C. We give the OCC props for organizing this first class workshop that brought lawyers, fintech, banks, community activists, consultants and regulators together to exchange ideas. last week about responsible innovation.

Conference 150

Conference Innovation Washington Community 150

PYMNTS

MAY 28, 2019

The Washington Post reported late last week that the FTC has opened an investigation into potentially unfair contract terms imposed on small business borrowers by merchant cash advance companies and other small to medium-sized business (SMB) lending companies. The FTC’s Chopra spoke at a forum in Washington, D.C. ”

Washington 140

Washington New York Lending Regulation 140

Independent Banker

SEPTEMBER 25, 2014

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.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

JUNE 30, 2022

But community banks have adapted to address that shift. I’ll be attending the 2022 Idaho, Nevada, Oregon and Washington Bankers Associations’ Annual Convention in Coeur d’Alene, Idaho, and meeting with ICBA’s board of directors. We, as community bankers, will continue to adapt to meet our customers’ needs.

Lending 141

Lending Idaho Nevada Oregon 141

Independent Banker

AUGUST 31, 2021

Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory. It required these agencies to establish standards for assessing the D&I policies and practices of financial institutions they regulate. By Mary Thorson-Wright. Entities’ self-assessment processes.

Community Bank 91

Community Bank Policies Community Regulation 91

Independent Banker

DECEMBER 31, 2019

Lucky for us, community bankers know a thing or two about staying the course. From successes in getting the Federal Reserve involved in real-time payments to our ongoing efforts to wake up Washington to credit union injustices, we are present, committed and confirmed in our efforts to level the playing field for community bankers.

Community Bank 125

Community Bank Community Washington Tools 125

PYMNTS

FEBRUARY 5, 2019

“I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial. ”

Washington 178

Washington Kansas City Lending Kansas 178

PYMNTS

SEPTEMBER 5, 2019

The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. Hollier also counts Microsoft and the Independent Community Bankers of America as clients. Facebook also has four other companies it uses for lobbying, including FS Vector, a firm based in Washington. .

Idaho 122

Idaho cryptocurrency social media Washington 122

PYMNTS

APRIL 2, 2019

Facebook CEO Mark Zuckerberg’s call for regulation in the tech space on Saturday (March 30) is drawing praise: U.S. However, the outlet reported that the latest statement is “Facebook’s most explicit call to date for regulation.”. These are important for keeping our community safe.

social media 108

social media Regulation Washington Company 108

PYMNTS

MAY 15, 2020

San Francisco, Seattle, Washington, D.C. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. Trade groups and restaurant owners have lobbied for regulation of fees, arguing that their industry sees thin profit margins.

San Francisco 131

San Francisco New York City Seattle Washington 131

American Banker

FEBRUARY 24, 2024

His message was especially notable because it was aimed at smaller institutions that have gotten less scrutiny from Washington. Surprise overdraft fees and charges incurred by consumers who cash bad checks likely violate the law, state Attorney General Rob Bonta said.

California 77

California Washington Community Bank Community 77

Independent Banker

JULY 30, 2015

IB: What do ICBA advocacy staff members do to represent community banks in Washington? Hawxhurst: ICBA’s advocacy staff works to represent the interests of community banks before a wide range of policy bodies in Washington, particularly before Congress and the federal banking agencies. Washington Policy Summit.

Resources 70

Resources Tools Washington Community Bank 70

Jeff For Banks

JULY 6, 2013

government controlled or heavily regulated. controlling) they should do is enforce laws against the charlatans that plague the investment community. But I disagree with greater control of a national pension system in Washington. Why can''t community financial institutions band together to help customers prepare for retirement?

Community Bank 108

Community Bank Community National Iowa 108

PYMNTS

FEBRUARY 19, 2019

.” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes. ” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

Marketing 108

Marketing Community Community Bank Industry 108

Independent Banker

AUGUST 25, 2016

Advocacy Advocate—ICBA’s Joshua Harbursky works to assist community bankers with their industry policy engagement with lawmakers and regulators. ICBA has a great infrastructure in place and a lot of active advocates among community bankers. Anyone with an interest in promoting community banks can be an ICBA advocate.

Washington 72

Washington Community Bank Policies Community 72

Finer Points

NOVEMBER 23, 2015

While many Americans are gearing up for the holiday season, ICBA and community bankers are gearing up for a bustling couple of weeks in Washington.

Washington 100

Washington Taxes Community Industry 100

PYMNTS

JUNE 13, 2019

The Connected Commerce Council (3C), a small business advocacy group, has sent a letter to the House Judiciary Committee on Antitrust, Commercial and Administrative Law requesting that Congress consider the importance of technology giants including Facebook, Amazon and Google in the small business community.

Groups 122

Groups Google Washington Conference 122

PYMNTS

DECEMBER 30, 2019

To date 43 states and Washington, D.C. It’s all somewhat fragmented and ad hoc at the moment, as city councils coast to coast think of clever ways to leverage the new regulations. have moved to collect sales tax from remote sellers, and it’s just the beginning. With the debate now all but over, the real work has begun.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

Abrigo

NOVEMBER 2, 2021

With the 2021 change in administration in Washington, D.C., The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. See Part I: Implications for Community Financial Institutions. financial institutions. Learn More.

Compliance 195

Compliance Regulation Resources Policies 195

Finer Points

OCTOBER 3, 2016

A hallmark of community banking is accountability. Community bankers are held accountable to their customers because they live and work in the same neighborhoods. As locally based institutions with a stake in the prosperity of their communities, community bankers simply can’t afford to take advantage of their customers.

Community Bank 263

Community Bank Community Washington Leadership 263

PYMNTS

MARCH 30, 2020

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. states are starting to implement new standards, too, with the CCPA introduced two months ago and WPA on the path to ratification in Washington.

United States 131

United States Retail Customer Experience Data 131

PYMNTS

MARCH 25, 2019

The Kraninger-proposed rollback of the aforementioned underwriting requirements came last month, and several trade groups, such as the Community Financial Services Association of America, had asked Judge Yeakel to delay compliance dates until the underwriting rollback had been completed. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

Finer Points

AUGUST 3, 2015

While ICBA continues our full-court press toward advancing community bank regulatory relief all the way through Congress and to the president’s desk, we are also making noticeable headway in raising public awareness of the problem via the national news media.

Community Bank 100

Community Bank Washington Community National 100

Gonzobanker

APRIL 28, 2016

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.

Regulation 60

Regulation Management Community Bank System 60

PYMNTS

APRIL 24, 2020

Located outside of Washington, D.C., This is near an office environment and a vibrant community, and we see a chance to create an exciting and interesting destination.”. We recognize small businesses are critical to the well-being of our communities and to the county’s economic recovery.”.

Maine 130

Maine District of Columbia Virginia Community 130