South State Correspondent
MAY 3, 2023
Last week, we published an article [ here ] discussing how fair value accounting for assets and liabilities may have prevented the failure of Silicon Valley Bank, even if sound risk mitigation practices were not resolutely embraced by management. We argued that valuing assets at historical value or measuring net interest margin (NIM) is not only a static view of cash flow but also backward-looking.
American Banker
MAY 2, 2023
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TheGuardian
MAY 2, 2023
Jamie Dimon says this phase of bank collapses is over, but ‘other cracks in the system’ could still be revealed Fresh from the rescue of First Republic, the latest US regional bank to go under, JP Morgan’s chief executive, Jamie Dimon, has been talking down the threat of contagion. He claims the domino effect that started with Silicon Valley Bank’s collapse and was quickly followed by Signature Bank, Credit Suisse, and now First Republic, is coming to an end.
Payments Dive
MAY 4, 2023
The acquisition gives Shift4 ownership of a business with ties to 10,000 restaurant merchants.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
South State Correspondent
MAY 2, 2023
Last week, we published an article [ here ] discussing how fair value accounting for assets and liabilities may have prevented the failure of Silicon Valley Bank, even if sound risk mitigation practices were not resolutely embraced by management. We argued that valuing assets at historical value or measuring net interest margin (NIM) is not only a static view of cash flow but also backward-looking.
Payments Dive
MAY 1, 2023
The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.
Abrigo
MAY 1, 2023
The importance of mental health in the AML/CFT field The AML/CFT profession can take a toll on mental health due to the responsibilities given to analysts and officers. Here are signs to look for and ways to destress. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." register now Takeaway 1 The AML/CFT field can be stressful, and it's easy for staff to ignore signs that their mental health is suffering.
CFPB Monitor
MAY 4, 2023
On April 12, North Dakota Governor Doug Burgum signed into law House Bill 1068 , which creates a new statutory licensing scheme in North Dakota covering residential mortgage loan servicing activities. This follows on the heels of the enactment last month of North Dakota Senate Bill 2090 , which overhauled North Dakota’s licensing requirements related to residential mortgage lending. .
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
South State Correspondent
MAY 2, 2023
Last week, we published an article [ here ] discussing how fair value accounting for assets and liabilities may have prevented the failure of Silicon Valley Bank, even if sound risk mitigation practices were not resolutely embraced by management. We argued that valuing assets at historical value or measuring net interest margin (NIM) is not only a static view of cash flow but also backward-looking.
Payments Dive
MAY 2, 2023
The company that provides community banks with payments, fintech and other services is gunning for growth with new private equity capital.
BankInovation
MAY 4, 2023
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.
CFPB Monitor
MAY 2, 2023
Last week, the CFPB, together with the Federal Reserve Board (Board), FDIC, OCC, and NCUA, issued a “ Joint Statement on Completing the LIBOR Transition.” The agencies issued the statement to remind supervised institutions that LIBOR will be discontinued on June 30, 2023 and to reiterate their expectations that institutions with LIBOR exposure should complete their transition of remaining LIBOR contracts as soon as possible. .
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
TheGuardian
APRIL 29, 2023
Microchips are an issue, of course, but China also makes the alloy wheels our cars mostly roll on. And what about TikTok? We look at ways a conflict might inflict yet more harm on our struggling businesses As the world struggles with the economic fallout from the Ukraine war, fears are mounting about a conflict that would be even more consequential: a Chinese invasion of Taiwan.
Payments Dive
MAY 5, 2023
The e-commerce platform’s cuts announced Thursday affect about 2,300 jobs, based on the company’s most recent headcount.
ATM Marketplace
MAY 5, 2023
Is self-service technology killing cash? Or is cash still relevant? Read more to find out.
CFPB Monitor
MAY 5, 2023
The U.S. Supreme Court has agreed to hear a case in which the petitioners are challenging the continued viability of the Chevro n framework that courts typically invoke when reviewing a federal agency’s interpretation of a statute. While Loper Bright Enterprises, et al. v. Raimondo involves a regulation of the National Marine Fisheries Service (NMFS), the Supreme Court’s decision could have significant potential implications for when courts should give deference to regulations issued by all fed
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Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
TheGuardian
MAY 3, 2023
Rolling coverage of the latest economic and financial news, as FCA proposes shake-up that could expose investors to more risk Stock market reforms would ‘pass greater risk to investors’, FCA says FCA’s plan for stock market reform is both depressing and pragmatic Fed to raise interest rate again amid core inflation pressure Scott McCubbin, EY UKI IPO Leader, is urging the FCA to be careful about removing safeguards for shareholders, as it tries to make London a more attractive place to invest: M
Payments Dive
MAY 3, 2023
Gaming, cannabis and telehealth are some of “high-risk” niches that would benefit from more vertical-specific payments software, two partners for the firm contend.
ATM Marketplace
MAY 2, 2023
Do bitcoin ATMs helped the unbanked and underbanked? And what role do regulations and cash usage play?
CFPB Monitor
MAY 4, 2023
The FDIC recently announced that it has entered into a Consent Order with Cross River Bank (CRB or Bank) to resolve FDIC charges that the Bank engaged in unsafe or unsound practices related to its fair lending compliance. (The Consent Order was issued in March 2023 but not made public until the end of last month.) .
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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
BankBazaar
MAY 4, 2023
Choosing the right Credit Card can be overwhelming with the sheer number of options currently available. But don’t worry, we’ve got you covered. In this blog post, we’ll walk you through the steps to choose the right Credit Card for you, with a little inspiration from Wednesday Addams. So, let’s get started! Credit Cards can be a useful financial tool when used in a responsible way.
Payments Dive
MAY 3, 2023
The financial technology provider is encouraging clients to be prepared to receive payments through FedNow.
ATM Marketplace
MAY 3, 2023
When you’re responsible for ensuring your organization’s day-to-day operations run smoothly, securely, and reliably, it can be difficult to find time to look ahead at the technology that will define your business tomorrow. That’s why the Burroughs team has compiled a list of the top digital transformation technologies for 2023 & beyond.
CFPB Monitor
MAY 4, 2023
The U.S. Supreme Court has agreed to review the Fifth Circuit decision in CFSA v. CFPB that held the CFPB’s funding violates the Appropriations Clause of the U.S. Constitution. After reviewing the history of the case from its initial filing to the Supreme Court’s grant of certiorari, we discuss the Fifth Circuit’s interpretation of the Appropriations Clause and the Second Circuit’s conflicting interpretation in its recent decision holding that the CFPB’s funding is constitutional and assess the
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Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
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