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Wisconsin Senate proposes new bill to revise money transmission, consumer lenders, collection agency and other financial services licenses

CFPB Monitor

668 was introduced in the Wisconsin Senate. In November 2023, S.B. 668 would make sweeping changes to the state laws governing financial service providers. Continue Reading

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Best Community Banks to Work For 2022

Independent Banker

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. size businesses and individuals throughout Illinois, Wisconsin, Indiana and Florida.

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Lexicon Bank: A bank that shows its hand

Independent Banker

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. But as a community bank that is there to serve the gaming hub of Las Vegas, Lexicon Bank welcomes these players with open arms. We have found a way to service that and get the regulators comfortable. Photo by Sammy Tillery.

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Regulators Close Wisconsin Bank in First Failure of 2016

American Banker

The Wisconsin Department of Financial Institutions closed the $67.1 million-asset North Milwaukee State Bank on Friday.

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Rebeca Romero Rainey: Our efforts are paying off

Independent Banker

It never ceases to amaze me how powerful we are when we work together, community bankers. First and foremost, we have a new farm bill—something that is good for American agriculture and for community bankers’ ability to provide credit to support their local economies. As a community banker in Taos, N.M., And while S.2155

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Six Smart Steps

Independent Banker

A community bank’s practical guide to compliance cost control. Few community banks have the luxury of ripping and replacing their entire compliance management strategy, leaving many executives on the hunt for practical tips. Complicated or not, one thing is certain: Community banks can’t afford to skimp on their compliance efforts.

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Trying No-Go Mortgages

Independent Banker

Under the right circumstances, providing residential mortgages that fall outside of the new federal Qualified Mortgage definition could help a community bank grow its lending, some community bankers say. a $613 million-asset community bank serving central and northern Wisconsin that engages in non-QM lending.