South State Correspondent
DECEMBER 23, 2014
'The latest Consumer Financial Protection Bureau’s report HERE sends a message to banks and highlights the current status of credit marketing in partnership with educational organizations. In this space FIA (the old MBNA), Capital One and UMB are the three largest.
Abrigo
DECEMBER 24, 2014
'The holiday season and the close of a year tend to bring out a more pensive person in many of us. The last few weeks on the calendar become a time to think about where you’ve been and where you’re going. Professionally, this is a valuable time to evaluate the strategies that were less than successful for you and your accounting practice (probably even more important than looking at those that were successful).
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CFPB Monitor
DECEMBER 23, 2014
'Barbara S. Mishkin With the publication of the CFPB’s proposed prepaid card rule in today’s Federal Register , the clock is now running on filing comments. Comments must be filed on or before March 23, 2015. The CFPB had issued the proposal on November 13. As published in the Federal Register, the proposal is reduced from its original length of 870 pages to a “mere” 234 pages.
Banking 4 Tomorrow
DECEMBER 24, 2014
'2014 was the biggest year in FinTech by far with billions being invested globally, which is to be expected in a global growth sector. But how much was invested globally in FinTech this year? It depends on how you classify FinTech. StrategyEye estimated that there was $2.8Bn raised in 2014 via venture capital investments in […].
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
South State Correspondent
DECEMBER 22, 2014
'Congress just gave banks a lump of coal for Christmas and it is not being received well. Last week the Senate failed to extend the Terrorism Risk Insurance Act (TRIA) which means that this December 31 st will be the last day of coverage.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
DECEMBER 23, 2014
'Richard J. Andreano, Jr. The CFPB, Fed, and OCC have adjusted the threshold for smaller loans that are exempt from the appraisal requirement for “higher priced mortgage loans.” The appraisal requirement became effective January 18, 2014, and the exemption , which is subject to annual adjustment for inflation, currently applies to credit extensions of $25,000 or less.
Banking 2020
DECEMBER 22, 2014
'Back in the ’50s and ’60s, when advertising professionals and their agencies got heavily involved in Presidential campaigns, traditionalists saw it as the coming of the apocalypse. Sell the future leader of the free world the way you would sell a bar of soap? The same response accompanied ads for doctors and lawyers, and there are still industry guidelines in place for what’s acceptable promotions in place for these honorable professions.
Jack Henry
DECEMBER 23, 2014
'Author: Barbara Kempf, BKempf@jackhenry.com. A wise and very successful banker in Alaska once said about the bank’s sales and service culture, “If I leave it alone for one day we stop making progress. If I ignore it for even two days we begin to slide backward.”. That’s how culture change works. It’s something that requires consistent, everyday focus.
Abrigo
DECEMBER 23, 2014
'Now that 2014 has come and (almost) gone, it’s appropriate to take a step back and review the year’s trends and hot topics. Banks and credit unions continued loan growth after the lows of the economic downtown, as recently highlighted by the FDIC and OCC. The merger and acquisition market continued its upward trend, and the number of failed institutions decreased.
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CFPB Monitor
DECEMBER 23, 2014
'Barbara S. Mishkin A settlement has been announced in the lawsuit filed by Benjamin Lawsky, the Superintendent of the New York Department of Financial Services, using his Dodd-Frank Section 1042 authority. Section 1042 allows state attorneys general and regulators to bring civil actions for violations of Dodd-Frank’s prohibition of unfair, deceptive, or abusive acts or practices.
Banking 2020
DECEMBER 22, 2014
'According to new numbers released by Moody’s Analytics , most adults under the age of 35 have a savings rage of negative 2 percent. Looking at this and other data from the study, the of sought-after millennial generation seems to be saving very little. To find out how to combat this behavior, we spoke with Nicole Mayer, AIF, CDFA of RPG-Life Transition Specialist s.
ABA Community Banking
DECEMBER 21, 2014
'Predictably, mobile, big data, and security stand out Technology Payments Blogs Making Sense of it All CSuite.
Abrigo
DECEMBER 20, 2014
'It’s like the buzzword that doesn’t go away: stress testing may have seemed like an unnecessary step for many institutions in the past, a buzzword that applied only to the big banks. But with the support of the regulatory agencies, the buzzword is becoming more of a minimum standard. Given the task is often assigned to the Chief Credit Officer or other leaders within the credit department, developing a stress testing methodology may come at the risk of losing steam on other areas, e
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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
CFPB Monitor
DECEMBER 22, 2014
'Barbara S. Mishkin The American Bankers Association, Consumers Bankers Association, Independent Community Bankers of America, National Association of Federal Credit Unions, and Association of Military Banks of America have submitted a 59-page letter commenting on the Department of Defense’s proposed revisions to its Military Loan Act regulations.
Tomorrow's Transactions
DECEMBER 21, 2014
'I am as subject to peer pressure as anybody else, so having been bombarded with the top three of this, the key five of that and the must-have ten of the other for 2015, here’s my three roubles* worth on what we at Consult Hyperion see happening next year. Last year, we caved to the marketing pressures of modern business and put out a “ hot five ” technology blog post for 2014.
ABA Community Banking
DECEMBER 26, 2014
'Rising ecommerce trend and developments like Apple Pay complicate the decision Payments Risk Management Viewpoints Cards Cyberfraud/ID Theft.
Long Lasting Ideas
DECEMBER 22, 2014
'A Christmas Story , the 1983 film based on the late writer Jean Shepherd’s story of Ralphie and his quest for a Red Ryder BB Gun from Santa Claus, is a holiday classic. The story takes place in small-town Indiana before World War II. – The heartwarming film, A Christmas Story reminds us of the simple joys of Christmases past. We’re reminded too, of those snafus that befall every family –from flat tires to temperamental household appliances.
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Your Full Potential
DECEMBER 23, 2014
'Originally posted on CU Insight 12/23/14. Sounds strange, doesn’t it? Usually (and especially during this time of year) we’re talking about the joy of giving and we find ourselves on a constant quest to find stuff to give to others. Please don’t think that giving isn’t important. Of course it is. But organizations should also experience the joy of taking.
Tomorrow's Transactions
DECEMBER 24, 2014
'I’ve been thinking outside the box to see if I can help with the big problem of small change, as they call it. I may get a medal for this. There’s a thing that economists call “the big problem of small change”. If you’re interested, there’s a very good book about this, which is called “ The Big Problem of Small Change ”. In essence, there’s a problem because it’s hard to make a living out of producing small change, so no-one does it.
ABA Community Banking
DECEMBER 22, 2014
'Forecast: Home loan lateness down, card delinquency steady, auto growth strong with small rise in delinquency Management Financial Trends Risk Management Performance Credit Risk.
Celent Banking
DECEMBER 22, 2014
'How much savings in back-end processing costs do real-time core banking systems really offer? A 2011 Celent report entitled Why Change Cores? was written in the wake of the news that BBVA Compass had decided to convert to Accenture’s Alnova real-time core platform. At the time, the analyst community seemed to agree that we were approaching a tipping point for widespread core system renewal.
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Gonzobanker
DECEMBER 22, 2014
'GonzoBankers, the moment we know you have all been waiting for has arrived. It’s time for the 2014 GonzoBanker Awards! We could hand you a load of bull about skewering the guilty and praising the exalted, etc., etc., but let’s just dive into it! THE BANKING AWARDS. GonzoBanker of the Year – We have to give this to Banc of California CEO Steven A.
Abrigo
DECEMBER 25, 2014
'Sageworks has worked all year to bring accountants information that helps you serve clients and run your practice better, and many of our blog posts have been especially popular. Below is a list of the five most popular posts for accountants from the Sageworks blog this year. If you’re planning to take a few days off around the holidays, or if you’re among the few people left in the office and find some time to catch up on professional development reading, these posts each take only
ABA Community Banking
DECEMBER 23, 2014
'IT leaders prudently embracing in-memory tech Management Technology Core Systems.
Banking 2020
DECEMBER 23, 2014
'Introducing new technologies can often be a challenge when looking at customer adoption. We recently touched base with Shane Howell, Chief Product Officer, Westpac New Zealand , to discuss how Westpac’s mobile payment sticker roll-out was a strategic risk worth taking. In a few sentences, can you tell us about Westpac Bank? . Westpac has been operating in New Zealand since 1861 and is one of the country’s largest full service banks with over 1.3 million customers.
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