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Punjab National Bank’s Mega-Fraud Leads Sector Away From SMB Finance

PYMNTS

The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. The same timeframe last year saw SMB lending grow 5.8

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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. ” This article explores the recency trap and discusses how to prevent it.

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Changes to the Military Lending Act: What your institution needs to know

ZootBlog

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The MLA’s overall goal is to prevent predatory lending against U.S. The indirect check would be through one of the three national consumer reporting agencies (CRAs).This

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How To Take A Home Loan Under PMAY (Pradhan Mantri Awas Yojana)

BankBazaar

the rate at which the RBI lends to commercial banks) by 25 basis points, banks will pass on this benefit to borrowers by slashing their lending as well as deposit rates. You can check if you’re eligible by submitting your BPL certificates to the lending institution and they will notify you if you are eligible to apply for PMAY.

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7 ways to handle the rising cost of living

Qudos Bank

If you’re trying to work out how to handle the rising cost of living in Australia, then you’re not alone. If you’re struggling and need to speak with a financial counsellor, you can call the National Debt Helpline on 1800 007 007. Normal lending criteria, terms and conditions and fees and charges apply.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

How long is your to-do list? Like most other community bankers, you spent many long nights processing Paycheck Protection Program (PPP) loans, planning how to do business in a pandemic and much more throughout 2020 and 2021. By Katie Kuehner-Hebert. Another community bank structured a new entity in a similar way, Silveria says.

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FinCEN announces $8 Million BSA Enforcement Action: The Resurrection of AML Penalties

Abrigo

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . Lending & Credit Risk. How to Establish Quality Fintech Partnerships. Fundamentals of BSA. Learn More.

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