Remove Innovation Remove Lending Remove Maryland Remove Operations
article thumbnail

Clear Mountain Bank reaches new heights

Independent Banker

Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia. Consider, for example, its commercial lending approach. of Clear Mountain Bank’s loan portfolio comprises commercial lending, primarily to small businesses. Assets: $850 million.

article thumbnail

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” The DOB indicated that such loans have interest rates greater than 90 percent.

Utah 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Elizabeth Judd is a writer in Maryland.

Fraud 160
article thumbnail

The Internet of Things

Independent Banker

O’Connell wonkily defines the tech concept as how “data flows off of machines to their owners and operators and also third parties.” But the main point for future innovation, he says, is how that data flow might provide information about a community bank’s real time funding, revenues, profits, risks and opportunities in all sorts of new ways.

article thumbnail

Efficiency now: 8 smart strategy tips

Independent Banker

Often, these bankers rose to the occasion by employing tech solutions or other innovative approaches. Community banks need to take advantage of the digitalization of banking operations.”. ? You don’t go to school to learn how to become head of deposit operations. This isn’t the time to operate under pressure on head counts.”.

Strategy 135
article thumbnail

The top-performing community banks of 2021

Independent Banker

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. The community bank uses the Entrepreneurial Operating System, commonly known as EOS Traction, to keep departmental efforts aligned. Overland Park, Kan. Assets: $1.04

article thumbnail

The Fastest Path To Faster Payments In The US

PYMNTS

doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster. The path to faster payments in the U.S.

US 100