South State Correspondent

MARCH 19, 2015

'Federal Reserve has finally broken the patience barrier. The Fed has said in its official policy statement since December of 2014 that it will be patient before raising the rate. In dropping the promise to be “patient” before acting, the Fed opens the door to a discussion about a rate increase at its June meeting. Now, several members have noted that they want that option if the economy holds up between now and then.

Strategy 230

Strategy Lending Policies Meeting 230

Abrigo

MARCH 20, 2015

'In the last several years following the Great Recession, the health of banks in the U.S. has been analyzed and debated. For the largest of American financial institutions – those that much of the public banks with for checking, mortgages and auto loans – stress testing regulations have been passed and executed to avoid a repeat of 2008. For those banks under the regulation’s asset size threshold, bank examiners encourage a variety of checks that can best help a Main Street bank from falling vic

Texas 163

Texas Regional California Community Bank 163

Celent Banking

MARCH 16, 2015

'This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. As expected, it was a great way to read the temperature of the banking industry. The conference was well attended, with broad representation from all institution sizes and markets. There were a couple of overarching themes throughout the event. Competitive pressures on smaller institutions were top of many bankers´ minds.

Conference 144

Conference Retail Community Bank Community 144

CFPB Monitor

MARCH 20, 2015

'Richard J. Andreano, Jr. A group of 17 trade associations and organizations have written to the CFPB seeking a grace period for enforcement of the TILA-RESPA Integrated Disclosure (TRID) rule which becomes effective on August 1, 2015. In their letter , the groups seek written guidance from the CFPB on various situations not addressed by the TRID rule and ask the CFPB to announce and implement a “restrained enforcement and liability” or “grace period” for those seeking to comply in good faith f

Groups 111

Groups Industry Compliance Meeting 111

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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South State Correspondent

MARCH 18, 2015

'When it comes to pricing fixed rate loans, we see banks do some crazy stuff. For example, if your bank is pricing off a fixed rate spread using a floating rate index such as Prime, then go directly to jail, don’t pass Go and don’t collect $200, - that is an asset-liability tragedy. It is also equally bad to just pull a fixed rate out of the air or base the fixed rate on the competition without knowing what the interest rate risk is.

Examples 223

Examples 223

Independent Banker

MARCH 15, 2015

'Corporate Capability. Five secrets to building a strong compliance culture. By Pam Perdue. What’s your community bank’s compliance culture? It’s a question regulators are asking more often these days. Examiners increasingly want institutions to demonstrate a strong commitment to compliance, from the board of directors down to the rank and file. How do you create that culture, though?

Compliance 99

Compliance Community Bank Community Regulation 99

CFPB Monitor

MARCH 20, 2015

'Alan S. Kaplinsky and Trevor R. Salter. The CFPB has adopted its controversial proposal to publicly disclose consumer complaint narratives in its Consumer Complaint Database. Its plans for disclosing the narratives are set forth in a final policy statement. According to the Federal Register document announcing the policy statement, the CFPB will not disclose any narratives for at least 90 days after the statement’s publication in the Federal Register.

Policies 96

Policies Company Data Industry 96

South State Correspondent

MARCH 16, 2015

'A tool that every banker should have at their disposal is the ability to figure out what a statistically valid sample size is from a given population. A simple everyday example is in the case where examiners are coming in and you want to be sure all your wires are BSA compliant. Do you have to check all of them or can you accomplish the same analysis with less work and just take a sampling of the data?

Analysis 199

Analysis Survey Tools Examples 199

Jeff For Banks

MARCH 15, 2015

'Bank mergers are picking up steam. Technological change, regulation, and scale are cited most often by sellers. Take a premium now, rather than drift slowly into the abyss of irrelevance. But what about buyers? I have written about achieving positive operating leverage in the past. In fact, it is one of my most read blog posts. In his most recent Chairman''s letter , Warren Buffett weighed in with the following about buyer performance post acquisition: "We''ve also suffered financially when thi

Strategy 82

Strategy Operations Groups Management 82

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Independent Banker

MARCH 15, 2015

'Customer contact centers are reshaping retail service for the technology age. By Phil Britt. Sure, call me if you want. But how about using text, instant message, Twitter or email? Increasingly, more digitally connected consumers are saying yes to that question with their community bank. Some even assume their bank will interact with them however and whenever they want.

Community Bank 89

Community Bank Community Operations Retail 89

Banking 2020

MARCH 17, 2015

'I love my mobile banking app. When I sign in from my New York office, it greets me with a cheery “Good Afternoon,” with a backdrop photo of nearby Washington Square Park. In San Francisco last month, it wished me “Good Evening,” against a nighttime photo of the Golden Gate Bridge. Sure, I can check my balance and transfer money. But I expect to be able to do that.

San Francisco 79

San Francisco Customer Experience FDIC Mobile 79

South State Correspondent

MARCH 16, 2015

'While we honor the Irish this St. Patrick’s Day, it is important that banker’s don’t leave loan profitability to luck. Given the talk of rising rates, we expect a rash of borrowers that have loans coming due in the next three years to want to refinance and lock in lower rates. Accordingly, our prepayment model for floating rate, adjustable and fixed rate loans expects loan prepayments to increase for community banks over the course of 2015 and 2016.

Community Bank 188

Community Bank Course Community US 188

Jack Henry

MARCH 18, 2015

'Author: Brad Dahlman, BDahlman@profitstars.com. The economic down turn of 2009 – 2012 is behind us. We have started to see economic growth and increased loan demand, and charge-offs have returned to normal levels. These are all positive trends for banks and credit unions. The next big challenge bankers face is fighting the trend against margin compression.

How To 75

How To Analytics Trends US 75

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Independent Banker

MARCH 15, 2015

'Years in the Making. New proposed mortgage reforms follow extensive ICBA outreach. By Elizabeth Eurgubian. The Consumer Financial Protection Bureau’s new proposals to reform its qualified mortgage rules follow years of ICBA advocacy. The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted.

Washington 88

Washington Community Bank Community Survey 88

CFPB Monitor

MARCH 18, 2015

'Brian D. Pedrow and Ashley L. Wilson. Last week, the Office of Inspector General published its findings following an audit assessing the CFPB’s human resources-related operations and other efforts for equal employment. The audit, which was conducted in response to a congressional request for information on the CFPB’s activities related to diversity and inclusion (D&I), analyzed the CFPB’s efforts to ensure equal opportunities for minorities and women to obtain senior mana

Training 73

Training Resources Management Groups 73

Banking 2020

MARCH 19, 2015

'It’s hard to think of two industries more regulated than healthcare and banking. Launching a business in either arena means ploughing through a plethora of compliance mandates, all designed specifically to protect the customers of each. That’s of course appropriate, but there are odd disconnects at the core of it all. In both industries, and in most others, technologies are developed, adopted and discarded at lightning speed, and each has a serious impact on routine operations.

Regulation 60

Regulation America Compliance Industry 60

ABA Community Banking

MARCH 20, 2015

'AML community needs to work together, but how? Compliance Blogs AML & Fraud BSA/AML.

Fraud 77

Fraud Compliance Community 77

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

Independent Banker

MARCH 15, 2015

'Illustration: Randall Nelson. With a little time and attention, every community banker can make a difference in our industry’s grassroots advocacy. By Michael Blankenheim. Being a member of Congress these days means one has a high risk of job turnover. For that reason, today’s lawmakers on Capitol Hill are highly attuned to their bosses—their constituents, which includes community bankers.

Community 85

Community Washington Community Bank Meeting 85

CFPB Monitor

MARCH 19, 2015

'Barbara S. Mishkin. The CFPB has issued another request for information about the credit card market. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. In October 2013, the CFPB issued its first report to Congress on the results of its first review. In that report, the CFPB identified six “areas of concern,” such as add-on products and rewards programs, that might warrant further scrutiny.

Cards 69

Cards Marketing Report Innovation 69

Banking 2020

MARCH 20, 2015

'Below are interesting stories the Banking.com staff has been reading over the past week. Articles via American Banker, Bankrate, Financial Brand and Bank Innovation. Rush to serve the underbanked spurs innovation: With the race between financial institutions to become the most innovative heating up, consumers and financial institutions alike are becoming more aware of the effects innovation is having on the industry.

Community Bank 55

Community Bank Community ATM Innovation 55

ABA Community Banking

MARCH 19, 2015

'Hold the phone … literally! Is there a worm in Apple Pay for banks? Payments Blogs Beyond the Bank Viewpoints Mobile Feature Feature3.

Apple 64

Apple Mobile Payments 64

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

Independent Banker

MARCH 15, 2015

'Winning connections with Gen Y customers come with a few unspoken protocols of marketing and communication etiquette. By Kathryn Jackson Fallon. Four Rules of Engagement. 1. Seek permission. Texting millennials enters their private zone. Ask permission before texting or emailing them, and don’t abuse the privilege of your direct access with over-communication. 2.

Millennials 81

Millennials Community Bank Community social media 81

CFPB Monitor

MARCH 19, 2015

'Barbara S. Mishkin. An Indiana federal court recently granted in part and denied in part the motion of ITT Educational Services, Inc. to dismiss the CFPB’s complaint. As we previously reported, the CFPB’s complaint alleged that ITT engaged in misrepresentations and other unlawful conduct to lead ITT students to obtain financing with onerous terms to pay tuition.

Indiana 65

Indiana Company Report 65

Your Full Potential

MARCH 17, 2015

'If you’re involved with social media, you’ve probably seen the acronym “SMH” attached to posts or tweets. It means “shaking my head” and is used to express disgust, confusion, disbelief, etc. about a particular situation, story, or circumstance. In all likelihood, you’ve had SMH days at your workplace. It’s inevitable. People do things that downright baffle or even anger you.

Leadership 46

Leadership Policies Meeting social media 46

ABA Community Banking

MARCH 20, 2015

'Tip #1: It’s not all about your bank—even when it’s about your bank Retail Banking Blogs Social Media Channels.

Colorado 63

Colorado social media Retail 63

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