Toomey demands answers from Kansas City Fed on fintech’s account

American Banker

Senate Banking Committee Fintech Politics and policy Federal Reserve Bank of Kansas City

Kansas City Fed President Esther George to retire, creating second 2023 opening

American Banker

Monetary policy Federal Reserve Regulation and compliance Federal Reserve Bank of Kansas City

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Southern Missouri Bancorp buying bank to expand in Kansas City

American Banker

Community banking M&A

Kansas City Fed CEO warns of rate rise “oversteering”

Banking Exchange

Esther George has warned these could create strains and undermine the Fed’s ability to deliver on the higher path of rates communicated Risk Management The Economy Bank Performance Feature Feature3. 1Risk Management

Small Kansas City credit union to merge into CommunityAmerica

American Banker

Credit unions M&A Growth strategies Kansas Missouri

Kansas City Fed issues research briefing on buy now, pay later

CFPB Monitor

The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”.

Loan growth sprouts at small ag banks as crop prices rally

American Banker

Ag lending Community banks Federal Reserve Bank of Kansas City

Central Payments snags $30M

Payments Dive

The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City

Kansas City Based Academy Bank Makes Strategic Acquisition

Banking Exchange

The Merger adds 5 Locations Management Feature M&A Feature3 Financial Trends Community Banking. 1Community Banking

World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S. Cryptocurrency cryptocurrency dollar federal reserve Kansas City News symposium virtual reserve currency What's Hot

This week’s podcast episode: A close look at open banking and the role of data aggregators, with special guests Julian Alcazar, Payments Specialist, Federal Reserve Bank of Kansas City, and Adam Maarec, Senior Director and Associate General Counsel, Capital One

CFPB Monitor

To read an article published by the Federal Reserve Bank of Kansas City and co-authored by Mr. Alcazar, “ Data Aggregators: The Connective Tissue for Open Banking ,” click here.

Fed official hits back at criticism of central bank’s payments role

Payments Source

Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George. Faster payments ACH Public-private partnership Esther George Randal Quarles Federal Reserve Federal Reserve Bank of Kansas City

Fintech firm founder rejects GOP charges on Raskin, Kansas City Fed

American Banker

Federal Reserve Politics and policy

Ten Questions for Kansas City Fed President Esther George

American Banker

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

Kansas City Bank to Pay $2.8M in Redlining Case with HUD

American Banker

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods. community-banking occ enforcement branch-deals mortgage law-regulation

Are CUSOs Friend or Foe?

New York's State of Mind

Regulatory technology Bills CUSOs Kansas City ChiefsPart of the deluge of regulations proposed by NCUA in recent weeks is, depending on your perspective, either a wolf in sheep’s clothing or a lamb in sheep’s clothing. Either way, it gets to a policy issue that all credit unions should have an opinion on. What I am talking about is NCUA’s proposed rule […].

Agencies cancel community reinvestment conference due to coronavirus

American Banker

FDIC Federal Reserve OCC CRA Coronavirus Federal Reserve Bank of San Francisco Federal Reserve Bank of Kansas City Joseph Otting Esther George

Fed dodges key decision on faster payments

Payments Source

Faster payments Payments Real-time payments Cybersecurity TBTF Community banks Credit unions Policymaking Janet Yellen Esther George Federal Reserve Federal Reserve Bank of Kansas City The Clearing House AssociationThe central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

Tech roundup: Truist buys data and AI platform

Banking Exchange

Plus: First Federal Bank of Kansas City overhauls banking app; Seymour Bank partners with Teslar for commercial lending Technology Tech Management Big Data Artificial Intelligence Feature3 Feature.

Market Commentary: Week of April 11, 2022

SWBC's LenderHub

Last week was highlighted by carnage in the long end of the Treasury yield curve as both Federal Reserve Vice-Chairwoman Lael Brainard and Kansas City Federal Reserve Bank President Esther George took to the airwaves to say that the Fed would be reducing its $8+ trillion balance sheet very soon.

Court Denies Pot Credit Union Access To Banking System

New York's State of Mind

a federal judge on Tuesday dismissed a credit union’s attempt to force the federal Reserve Bank of Kansas to allow it to […]. FEDERAL RESERVE BANK OF KANSAS CITYConcluding that existing federal guidance does nothing more than encourage financial institutions to “look the other way” when it comes to complying with federal laws that make the possession and sale of marijuana illegal.

5 questions with … UMB Bank Chief Information and Product Officer Uma Wilson

BankInovation

UMB Bank Chief Information and Product Officer Uma Wilson has focused on bringing together the technology and product development teams since assuming her role at the Kansas City, Mo.-based

How Academy Bank is using video to improve service efficiency

Bank Innovation

When customers walk into one of Academy Bank’s new branches, a banker will guide them to a screen where they can video chat with a specialist at Academy’s headquarters in Kansas City. Through the use of video terminals, the bank can serve more customers in less time and, according to CEO Paul Holewinski, video banking […]. Carousel Customer Experience Retail Banking Academy Bank Celent video banking

Video 163

nbkc bank Taps Finastra to Build Conversational Banking App

Bank Innovation

Kansas City-based nbkc bank is building a conversational banking app with Finastra on the vendor’s growing FusionFabric.cloud open platform. The digital-savvy community bank, which uses Finastra's Phoenix core banking solution, wants to be at the forefront of new and evolving communication channels to ensure it can meet customers wherever and however they want to do […].

This Is How Our Regulators Are Viewing Bank Risk, Capital And Org Structure

South State Correspondent

The Kansas City Fed released an interesting research paper titled The Effect of Risk and Organization Structures on Bank Capital Ratios. The research looks at how risk and a bank’s organizational structure impacts its capital levels. In times of stress, does a bank holding company (BHC) structure help protect a bank or hurt it?

Lead Bank EVP and CTO Michael Beattie joins Bank Automation Summit Fall 2022 speaker faculty

BankInovation

The Bank Automation News team is pleased to announce that Michael Beattie, executive vice president and chief technology officer at Kansas City, Mo.-based

Lead Bank and GoldBean Will Talk Bank-Startup Success at Bank Innovation 2018

Bank Innovation

At Lead Bank, a Kansas City, Mo.-based EXCLUSIVE – Josh Rowland, Chief Executive Officer and Vice Chairman of Lead Bank, will join Jane Barratt, CEO of GoldBean, to discuss banking innovation and bank-startup partnerships. Bank Innovation 2018 will take place March 5-6 in San Francisco. based community bank, Lead, Rowland serves in multiple management roles, including.Read More. Exclusive Innovations Startups Bank Innovation 2018 GoldBean Lead Bank

M&A braces for big moves in the New Year

Daily Fintech

From AT&T’s media businesses merger with Discovery, Kansas City Southern railroad’s takeover and Square acquiring BNPL company Afterpay, global deals are on a roll. 2021 has been momentous for deals.

Robo adviser Betterment launches checking account

American Banker

Betterment has debuted a bank account, in conjunction with partner nbkc bank in Kansas City, Mo., that is targeted at millennials and marketed as a complement to its long-term savings products. Digital banking Robo advisors

Charles Potts: Opportunities in the fintech landscape

Independent Banker

In response, community banks, like $779 million-asset Lead Bank in Kansas City, Mo., Illustration by Alex/Adobe. A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year.

Small banks turn to German fintech for deposit-gathering help

American Banker

SaveBetter.com from Deposit Solutions lets consumers shop for different savings products through one portal and provides national exposure for participating banks, which include Ponce Bank in New York and Central Bank of Kansas City.

UMB Adjusts Sales Incentives for Branch Employees

American Banker

UMB Financial in Kansas City, Mo., has made changes to incentive compensation for its branch employees. breaking_news consumer-finance dealmaking-strategy performance retail-branch-strategies national-regional

Bowman Concerned About Community Banks’ Exit from Mortgage Markets

ABA Community Banking

Speaking to attendees at a mortgage industry event in Kansas City, Missouri, today, Federal Reserve Governor Michelle Bowman expressed optimism about the trajectory of the housing market but raised concerns about the declining number of community banks remaining in the consumer real estate mortgage market.

A Few Quick Thoughts to Start Your Credit Union Day

New York's State of Mind

CitiBank Settles CARD Act Violation My takeaway from the Tampa Bay Buccaneers destruction of the Kansas City Chiefs is that, for all of life’s complexities, we should never lose sight of the basics. With that as my big thought of the day, I want to bring your attention to a recent settlement reached between CitiBank […]. Legal Watch New York State Political Regulatory Card Act CFPB Citibank NYS Tampa Bay Buccaneers

CFPB Set to Release Payday Lending Proposal on June 2

American Banker

The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and the public. to discuss small dollar lending.