Bitcoin Daily: Bitcoin Back Up Above $53,000; Kansas City Chiefs' Sean Culkin Opts For Salary In Bitcoin

PYMNTS

In other news, Kansas City Chiefs player Sean Culkin plans to take the full amount of his 2021 base salary, totaling $920,000, in bitcoin, CoinDesk reported. Bitcoin cryptocurrency disbursements funding Investments Kansas City Chiefs News Securrency What's Hot

Small Kansas City credit union to merge into CommunityAmerica

American Banker

Credit unions M&A Growth strategies Kansas Missouri

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Bitcoin Daily: Kansas City Quarterback Patrick Mahomes Launches NFT Art Gallery; Australia’s Dept Of Industry Gets $5.3 Million For Blockchain Pilots

PYMNTS

Patrick Mahomes , one of the biggest NFL players, has launched his own NFT art gallery, CNBC writes. The gallery will be called "The Museum of Mahomes," the 25-year-old athlete said on a recent CNBC interview, and will launch March 17, through the digital arts marketplace MakersPlace.

Loan growth sprouts at small ag banks as crop prices rally

American Banker

Ag lending Community banks Federal Reserve 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

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

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.

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 […].

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

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.

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.

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

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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 […].

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

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

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

Banker to Banker

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?

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.

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

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.

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

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.

Fee Income, Loans Boost Profits at Commerce Bancshares

American Banker

Fees and loans drove up third-quarter profits at Commerce Bancshares in Kansas City, Mo. breaking_news performance earnings-national-regional-banks mo national-regional

Dickinson Financial to Buy Merit Bank in Kansas

American Banker

Dickinson Financial in Kansas City, Mo., has agreed to buy Community Bancshares of Kansas in Overland Park. breaking_news community-banking m-a mo ks dealmaking-strategy

Regional Fed Presidents to Testify Before House Panel Next Week

American Banker

Kansas City Federal Reserve Board President Esther George and Richmond Fed President Jeffrey Lacker will testify before a House panel on Wednesday. breaking_news fed law-regulation

Hawk. Dissident. Advocate. Why Esther George Stands Out at the Fed

American Banker

The president of the Kansas City Federal Reserve Bank is best known for her dissenting votes on monetary policy, but that's not the only way she stands out. Her background as a farmer and former bank examiner gives her a unique perspective among Fed officials. womenin-banking magazine people fed mo co ks ne ok wy nm dc law-regulation

UMB Profit Rises as Turnaround Continues

American Banker

UMB Financial in Kansas City, Mo., reported higher quarterly profit as it continues to makes progress on a multi-year effort to slash expenses. breaking_news national-regional performance earnings-national-regional-banks community-banking

Commerce 1Q Profit Rises on Higher Commercial Lending

American Banker

First-quarter profit improved at Commerce Bancshares in Kansas City, Mo., as commercial-and-industrial loans increased. breaking_news performance mo national-regional

Verizon Expands 5G For Business Internet To 21 More Cities

PYMNTS

Verizon 5G Business Internet is now available in 24 cities across the U.S., Verizon Business announced in a press release Thursday (April 15), after adding 21 new cities to the service. And the telecom company will keep adding new cities to the 5G service on a rolling basis. “We’ll

UMB Profits from M&A, Names CFO

American Banker

UMB Financial in Kansas City, Mo., on Tuesday reported higher than expected quarterly profits due to loan growth from a recent acquisition. breaking_news dealmaking-strategy earnings-national-regional-banks m-a commercial-lending national-regional

PayPal And Coinbase Move Toward Bridging The Great Crypto ‘Divide’ 

PYMNTS

In the bid to make digital currencies more widely available and embraced by consumers, perhaps … make them easier to buy. To that end, PayPal users can link their wallets to Coinbase , the newly-publicly traded exchange, so that they can buy cryptocurrencies, including bitcoin (among others).

Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

19 in five cities: Kansas City, Phoenix, Denver, Indianapolis and Charlotte, North Carolina. Starting on Oct. 6, Target reportedly plans to bring its revamped loyalty offering nationwide. The Target Circle program offers birthday rewards as well as other personalized coupons, CNBC reported. The company noted that over two million people enrolled in the program over an 18-month period and have made over 14 million transactions.

Movie Chain AMC Says It Could Go Broke By Year’s End

PYMNTS

The August reopening of one of those theaters – the location in Kansas City -- included some extra flair. The parent of AMC Theatres says it's on track to run out of cash by early 2021 at the latest. AMC Entertainment Holdings Inc. wrote in a "current report" filed on Tuesday (Oct.

A Tonic for the Advisory Blues at UMB

American Banker

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business. breaking_news dealmaking-strategy performance m-a community-banking

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co.