South State Correspondent
NOVEMBER 4, 2014
'Once upon a time there was a bank that was close to failure. It used to be a great bank with branches filled with vibrant customers and earnings as thick as Kansas soil. However, over time customers moved on and the staff started to feel that they had little to offer compared to the largest of banks. This was a bank that was dying a slow death.
Abrigo
NOVEMBER 5, 2014
'During a recent webinar, more than 200 banks and credit unions weighed in through various polls on how they have been managing their allowance for loan and lease losses. In particular, feedback was given on how they release reserves, use an unallocated reserve and use external Q factor(s) most heavily. The first topic of discussion was whether or not banks have released reserves in the past four quarters.
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Celent Banking
NOVEMBER 7, 2014
'I’m on my flight back from Las Vegas and thinking about how to encapsulate the highlights of Money 20/20. Its third year was the biggest yet, capped at 7,500 people (not counting the Fire Marshals patrolling the hallways). At many conferences I’m able to distill several distinct themes; this time, the overwhelming impression was the emphasis on …. PARTNERSHIP.
CFPB Monitor
NOVEMBER 3, 2014
'Reid F. Herlihy Six leading industry trade groups have submitted a letter commenting on the CFPB’s proposed rule amending Regulation C to expand Home Mortgage Disclosure Act data reporting requirements. The trade groups consist of the Consumer Bankers Association, Mortgage Bankers Association, American Bankers Association, Consumer Mortgage Coalition, Financial Services Roundtable and Housing Policy Council.
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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
South State Correspondent
NOVEMBER 3, 2014
'The latest industry data was released over the weekend and a complete presentation is attached at the bottom of this blog post. Third quarter bank industry data shows return on equity performance was down at 8.1% for the industry and 8.2% for community banks below $25B in total assets. Like past quarters, most of the positive improvement in earnings came from asset growth and increases in asset quality.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Celent Banking
NOVEMBER 5, 2014
'I just arrived home from Washington, D.C., where the Association For Financial Professionals – a leading society for treasury and finance professionals in the US - held its annual conference. It was interesting that the AFP decided to hold its conference in Washington – the first time it has been held in AFP’s hometown – during the run-up to the 2014 mid-term elections, and it was clear that the town was abuzz in activity as Election Day came near.
CFPB Monitor
NOVEMBER 6, 2014
'Alan S. Kaplinsky The CFPB’s constitutionality is again before the D.C. Circuit, with the D.C Circuit now being asked to consider the impact of the U.S. Supreme Court’s decision in NLRB v. Canning on actions taken by the CFPB while Director Cordray was serving as a recess appointee. In that decision, the Supreme Court ruled that President Obama exceeded his constitutional recess appointment authority when he filled three vacancies on the National Labor Relations Board in January 20
Jack Henry
NOVEMBER 5, 2014
'Author: Tammy Wilson, TaWilson@jackhenry.com. Pull up any payments related trade publication and try to wrap your head around all that is going on in the industry today, and it will quickly overwhelm. While it is an exciting time to be in the payments arena, it is a challenge every day to identify initiatives with staying power from those that quickly become passé Those of us that have been around a while know that money movement has not historically been a terribly exciting or innovativ
Abrigo
NOVEMBER 4, 2014
'If your accounting firm doesn''t have a formal marketing plan in place, you''re not alone. Six out of seven accounting firms represented at a recent webinar hosted by Sageworks said their firms lack such a plan to guide their efforts to attract new business and bolster their reputation or brand. Of course, if your firm has, or is cultivating, an industry niche , you''re already ahead of many other firms.
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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
SWBC's LenderHub
NOVEMBER 5, 2014
'In our last post , we discussed the benefits of utilizing participation loans. A loan participation is an instrument that allows multiple lenders to participate or share in the funding of a loan.
CFPB Monitor
NOVEMBER 3, 2014
'Heather S. Klein The Federal Reserve Board indicated it is scrutinizing mortgage loan pricing models that comply with Regulation Z but nonetheless, in the view of the Board, significantly increase fair lending risk. The models set a loan revenue target—based on a higher interest rate, discretionary fees, or both—that varies by mortgage loan originator (MLO).
Banking 2020
NOVEMBER 4, 2014
'Elliott Welton, Sageworks. Just as a bank teller speaks differently to a client than to a colleague, tone and content of communication will be different for a management report and those prepared specifically for the Board of Directors. There are certain characteristics that can either add to or detract from the “Board-friendliness” of a presentation, which should be considered when preparing for Board meeting presentations.
Abrigo
NOVEMBER 3, 2014
'Every bank has a board of directors , with each member providing his or her experience and expertise to develop strategic plans and enhance the institution as a whole. According to the FDIC , the Board’s role includes: • Selection, monitoring and evaluation of management • Establishment of business strategies and policies • Monitoring and assessment of business operation progress • Establishment and monitoring of adherence to policies and procedures required • Mak
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ABA Community Banking
NOVEMBER 7, 2014
'Recent Fed speeches cast “tone” as 360 degree affair Management Duties Blogs Reporters Notebook.
CFPB Monitor
NOVEMBER 7, 2014
'Alan S. Kaplinsky On October 30, Barbara Mishkin reported that the CFPB scheduled a field hearing in Wilmington, Delaware on November 13. Barbara speculated at that time that the field hearing would be the occasion for the CFPB to unveil its long-awaited proposed regulation pertaining to prepaid cards. The CFPB has updated its announcement to state that the hearing will deal with “prepaid accounts.
Tomorrow's Transactions
NOVEMBER 7, 2014
'Cybercrime, cyberterrorism, cybersubversion and so forth are all serious issues. Defending critical infrastructure from attackers ranging from Eastern European gangsters to agents of foreign powers and from management consultants to the HR department is obviously crucial to organisations that want to prosper in the digital economy. But we need new tools to help.
Your Full Potential
NOVEMBER 5, 2014
'Hello everyone! First, allow me to apologize for the lack of new posts recently. For those that also receive YFP’s monthly newsletter, the next issue will be sent to you in December. I am happy to announce that Your Full Potential, LLC has relocated from New Jersey to Kingwood, TX (a suburb of Houston.) The new mailing address is 4630 Magnolia Cove Drive, #1222; Kingwood, TX 77345.
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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.
ABA Community Banking
NOVEMBER 7, 2014
'SNL Report: Regulators required convincing before letting State Bank bid on Chi failure Management Financial Trends CSuite.
CFPB Monitor
NOVEMBER 6, 2014
'Barbara S. Mishkin The Congressional Budget Office has issued an estimate of the costs associated with the Inspector General Reform Act of 2013 ( H.R. 3770 ). The bill would direct the President to appoint an Inspector General (IG) for the CFPB within 60 days of enactment who would be subject to Senate confirmation. It would also require the CFPB to set aside 2% of its annual funding to operate the IG’s office.
Tomorrow's Transactions
NOVEMBER 5, 2014
'I’m hoping somebody can send me a plausible and documented cost-benefit analysis for anti-money laundering legislation but it’s proving difficult to find one. I’m not saying it’s a waste of money, I’m just saying that I don’t know whether it’s a waste of money or not. Minty Clinch is a well-respected British travel writer.
The Emmerich Group
NOVEMBER 6, 2014
'T he coming bank consolidation isn’t a surprise. It’s been predicted for years. In fact, the next 18 months are destined to be a major “shake out” period when weak banks will be acquired or closed—and banks that are in a position to capture the best customers in town will become stronger and more profitable. If an opportunity like this landed unexpectedly in your lap…would you be ready?
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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.
ABA Community Banking
NOVEMBER 3, 2014
'Former sci-fi technology should be on banks’ radar Retail Banking Technology Blogs Making Sense of it All Feature.
CFPB Monitor
NOVEMBER 6, 2014
'Alan S. Kaplinsky The CFPB’s Office of Older Americans has issued a report titled “a snapshot of debt collection complaints submitted by older consumers,” which provides information drawn from complaints submitted to the CFPB from July 2013 to September 2014. For purposes of the report, a complaint submitted by an “older consumer” is one that was submitted by or on behalf of someone who voluntarily reported their age as 62 or older.
Tomorrow's Transactions
NOVEMBER 7, 2014
'Undercover at Money2020, our man in Las Vegas ls lost in booths, babes and benjamins. But can agent 0111 stop a killer new technology from falling into the wrong hands? It’s Main Street vs Infinite Loop in the major new blogbuster from CHYP End… welcome to… Pay Another Day. Part 1: From Guildford With Love. Miss Jessica Moneysatoshi looked up.
The Financial Brand
NOVEMBER 2, 2014
'Banking must move social media strategy from simply listening to improving customer acquisition, engagement, cross-sell and retention.
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