Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

DECEMBER 2, 2021

Two years ago, more bankers surveyed for that report named core deposit growth as their greatest challenge than any other issue. But this year, only 15% described core deposit growth as a “very important” risk. It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

FEBRUARY 2, 2015

Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions. Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015.

Community Bank 150

Community Bank Community Regulation Survey 150

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023. on the dollar due to higher credit risk.

Community Bank 195

Community Bank Capital Training Lending 195

Abrigo

AUGUST 22, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." According to the ABA’s 2019 Deposit Account Fraud Survey Report , banks identified $25.1 The 2021 AFP Payments Fraud and Control Survey reported 66% of fraud activity included check fraud in 2020. Learn More.

Fraud 195

Fraud Trends Survey Technology 195

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Increasing role of technology. 50% of consumers now interact with their bank through mobile apps or websites weekly – up from 32% two years ago.

Community Bank 91

Community Bank Community Fintech Guidelines 91

South State Correspondent

MARCH 14, 2024

Risk management also needs to change. If your duration is too long or your BSA compliance is weak, those aren’t good things, but that is not how the bank is going to fail. Finding your bank tied to a rural area that is decreasing in size and profitable demographics is your bigger risk.

Innovation 195

Innovation Strategy Capital Comparison 195

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

Conference 195

Conference Payments Fraud Data 195

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. Leading the challenges for bankers responding to this year’s survey are increasing loans (56.1%) and increasing earnings (54%). What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

FEBRUARY 24, 2016

A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Risk-management practices “that cause concern,” the regulators wrote, include “a greater number of underwriting policy exceptions and insufficient monitoring of market conditions.”.

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

DECEMBER 13, 2018

and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. Supplier financial risks have declined over time, too. Trade tensions between the U.S.

Management 155

Management Trends Data Analytics 155

Independent Banker

JANUARY 28, 2016

Thomas: Because banks have been introducing more new products and services or introducing new business lines, in part to simply serve their customers and in part to generate new revenues, the regulators want to evaluate how well banks are managing the risks associated with such new activities. Thomas: That’s right.

Community Bank 70

Community Bank Community Regulation Lending 70

PYMNTS

OCTOBER 10, 2016

That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions. percent of SMEs surveyed said they’ve relied on crowdfunding to access financing. Its latest survey of small U.S. businesses shows modest improvement from August’s 0.82

Big Data 100

Big Data Analytics Data Survey 100

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Which credit areas need routine "maintenance"?

Risk Management 221

Risk Management Regulation Management Lending 221

Gonzobanker

OCTOBER 30, 2014

An astounding 97% of recruiters recently surveyed said LinkedIn is the most common in-house recruiting platform. There is a lot of promise in technology that can help predict where and how employees will succeed, but there is a need to balance this against the myriad potential compliance and other legal issues that are always looming.

Resources 96

Resources Training Tools Analytics 96

Abrigo

MAY 8, 2024

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. Stay up to date with free resources on managing risk and driving growth. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 221

Examples Fraud Resources Risk Management 221

Jeff For Banks

FEBRUARY 3, 2017

Third, the explosion in regulations over the past eight years has served to hinder businesses, especially new small business formation, and has drained valuable resources as compliance costs soared. If bank regulations are lifted, lending and thus growth can improve. More than likely, high debt levels will keep it under control.

Marketing 60

Marketing Taxes Regulation US 60

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. To those community bankers claiming their growing Compliance departments say no to everything. To access the survey: Bank executives click here. Bravo OZRK!

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

JULY 11, 2017

Its Global Survey on Trade Finance, which surveyed financial institutions across 98 countries, found that 61 percent of banks say they face greater demand for trade finance than they can supply. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Analytics 109

Analytics Risk Management Fintech Data 109