Independent Banker

AUGUST 31, 2021

A profitability strategy has a lot to factor in given today’s uncertain market. Sound profitability strategies will be essential over the next year as community banks cope with stagnant interest rates and rising prices,” says Noah Yosif, assistant vice president, policy research and economist at ICBA. Build a lending niche.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

APRIL 13, 2018

The software company this week announced more than $40 million in funding from PeakEquity Partners, which will go toward a continued focus on growth, expanding its product offering, strengthening sales and marketing and developing the overall Xeeva brand. Tienda Pago. The company said it aims to use the funds to focus on accelerating growth.

Lending 129

Lending blockchain Capital Software 129

CFPB Monitor

NOVEMBER 21, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022. Key findings by CFPB examiners are described below.

Report 78

Report Cards Lending Management 78

PYMNTS

JANUARY 17, 2017

It all stems back to 2010 or so, when CAN Capital launched ambitious growth plans to enter into new markets. While CAN Capital’s decision to bring on DeMeo initially proved a positive one, leading to hundreds of millions in debt financing, its decision to position itself against newer alternative lenders meant a change in its lending process.

Capital 100

Capital Lending Leadership Policies 100

Gonzobanker

OCTOBER 26, 2021

We see bank leadership earnestly working through the spirit of ESG in dozens and dozens of boardrooms across the country, and we are bullish that corporate and workplace leadership will be a catalyst for positive change. No one wants anything to be misinterpreted as a lack of sincerity. Earning the Trust of the Stakeholders.

Leadership 97

Leadership Compliance Strategy Branding 97

CFPB Monitor

MARCH 17, 2022

Consistent with expectations that the CFPB under Director Chopra’s leadership would take an expansive view of its statutory authorities, the CFPB has announced its intention to use its authority to prohibit unfair, deceptive, or abusive acts or practices (UDAAPs) to target discriminatory conduct, even where fair lending laws may not apply.

Policies 78

Policies Analysis Marketing Leadership 78

Abrigo

MARCH 21, 2023

The blue line shows the effective funds rate, or the average rate at which institutions are actually lending and borrowing funds from one another. Reacting to the market without a strategy can be one of the most common mistakes financial institutions can make during a rapidly changing environment. billion, while Q4 averaged $100.97

Risk Management 195

Risk Management Management Strategy Lending 195

PYMNTS

SEPTEMBER 27, 2019

Colombian alternative small business lending platform Sempli announced $8 million in funding this week from Oikocredit and Incofin CVSO, according to a press release. Teampay offers companies spend management software designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement.

Payments 149

Payments Capital Taxes Lending 149

Independent Banker

NOVEMBER 30, 2022

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Our leadership consistently articulates and demonstrates a commitment to being a great place to work.”.

Community Bank 169

Community Bank Community Montana Leadership 169

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Lifetime Leadership Achievement Awards. SoFi’s March acquisition of Golden Pacific Bancorp for $22.3 Congrats to Randy and a great management team.

Fintech 147

Fintech Strategy Leadership Lending 147

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Bureau reorganization. enforcement, rulemaking and supervision).

Report 78

Report Regulation Policies Compliance 78

Social Assurance

MARCH 26, 2020

As marketers, our world has been turned upside down and the things we are used to messaging about are gone. From new policies, procedures – even workplaces – we have had to adapt to a lot of rapid change. Don’t talk about your buildings, your convenient locations, or a lot of the fluff you once added to your marketing.

Marketing 15

Marketing Community Leadership social media 15

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). In 2022, existing staff—Dehnert included—will continue to wear multiple hats until labor market conditions ease. Ponce Bank, a $1.5

Community Bank 144

Community Bank Community Lending Louisiana 144

Independent Banker

DECEMBER 31, 2022

One of the biggest challenges is simply navigating market uncertainty related to Federal Reserve policy and the direction of the economy. Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. So we’re careful when we lend out commercial real estate loans.

Community Bank 91

Community Bank Community Tampa North Carolina 91

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

Independent Banker

APRIL 28, 2016

Leadership Team—Citizens Bank of Las Cruces’ executive management team, from left: Jed Fanning, Tim Hargrove, Ruth Christopher and George Ruth. After analyzing our existing policies, procedures and organization, we restructured from eight departments to three major departments. Citizens Bank of Las Cruces. Las Cruces, N.M.

Leadership 70

Leadership Community Community Bank US 70

Jeff For Banks

MARCH 14, 2020

Genworth Dear Valued Policyholder: As COVID 19 (the coronavirus) dominates the news and the stock markets have large movements from day to day, we at Genworth want to reassure you that our associates are well positioned to continue our long tradition of being there for our policyholders regardless of social and economic conditions.

ATM 78

ATM Policies US Management 78

Jeff For Banks

JULY 28, 2012

Often, senior management would like business bankers to build total relationships with businesses within the FI''s market area. Develop relationships with business''s within the position''s assigned market area. The objective is to establish the business banker as the subject matter expert of bank products within the bank''s market(s).

Community 66

Community social media Strategy Lending 66

CFPB Monitor

FEBRUARY 23, 2015

He then stated that the CFPB evaluates each product line “based on potential for consumer harm related to a particular market; the size of the product market; the supervised entity’s market share; and risks inherent to the supervised entity’s operations and offering of financial consumer products within that market.”

Policies 60

Policies Leadership Regulation Marketing 60

Independent Banker

MAY 24, 2016

Crop insurance “has a target on its back,” says Mark Scanlan, ICBA’s senior vice president for agriculture and rural policy. million farms and the community banks that lend to them each growing season, Scanlan points out. Falling crop prices—exaggerated by weak currencies in many foreign markets—are expected to pressure U.S.

Community Bank 70

Community Bank Kansas City Community Iowa 70

PYMNTS

MAY 9, 2016

The majority reported feeling optimistic about their local economies, but less than half (43 percent) said the same about the national market. Further, 80 percent said they’re concerned about the government and its ability to bring effective leadership across government branches.

America 100

America National Capital Survey 100

Independent Banker

SEPTEMBER 25, 2014

Specifically, they seek short-term tactics that will free up funds for margin-increasing activities—like hiring new lending officers, pursuing new marketing programs or purchasing new technology. How does your bank define policies and procedures when a new regulation is announced?

Community Bank 105

Community Bank Compliance Community Resources 105

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Jack Hartings and Mindy Kremer, marketing director for Mercer Health Hospital in Coldwater, talk in a patient care unit.

Ohio 70

Ohio Community Bank Community Lending 70

Independent Banker

AUGUST 26, 2015

My personal opinion is that insurance is a service that a community bank should offer their wealth management and commercial lending clients—if we could do it in a way that was meaningful and made sense,” he continues. “We They also got us into additional markets that we were not in. We needed scale so we could create efficiencies.”.

Operations 70

Operations Community Bank Community Management 70

ABA Community Banking

OCTOBER 10, 2023

Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation. The post Banking at the intersection of mission and opportunity appeared first on ABA Banking Journal.

Innovation 122

Innovation Leadership Community Bank Policies 122

CFPB Monitor

DECEMBER 13, 2018

The CFPB has issued a new annual report covering its fair lending activities during 2017. Since Mick Mulvaney did not become Acting Director until the end of November 2017, the fair lending activities described in the report largely took place under former Director Cordray’s leadership.

Lending 92

Lending Report Regulation Leadership 92

CFPB Monitor

SEPTEMBER 11, 2018

The CFPB’s newly-released Summer 2018 edition of Supervisory Highlights represents the CFPB’s first Supervisory Highlights report covering supervisory activities conducted under Acting Director Mick Mulvaney’s leadership. Payday/title lending. On October 10, 2018, from 12 p.m. to 1 p.m. (The

Lending 68

Lending Policies Compliance Cards 68

Gonzobanker

MAY 8, 2020

Practice the art of surgical lending. As the large banks announce freezing lending in some sectors, community and mid-size banks should bring more data and common sense to the table. For instance, Wells and Chase just shut down all home equity lending. Build transparency around I.T. Benchmark every function and drive excellence.

Lending 114

Lending Analytics Analysis Capital 114

PYMNTS

SEPTEMBER 3, 2019

While consumers are flocking to eCommerce, merchants working on expanding and selling online in more markets must comply with local sales tax regulations. The People’s Bank of China (PBoC) is looking toward new technologies to more closely supervise the nation’s FinTech, blockchain and digital lending markets.

Innovation 101

Innovation Data Taxes Payments 101

CFPB Monitor

JANUARY 28, 2021

With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred three ECOA matters to the DOJ.

Report 78

Report Leadership Lending Regulation 78

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. Garlich, vice president and director of marketing.

Community Bank 164

Community Bank Community Texas Leadership 164

PYMNTS

AUGUST 29, 2018

Speaking during a bank conference covered by The Financial Times , Sewing was quoted as saying: “The emergence of true European champions hinges on a unified regulation in Europe, a single financial market.”. Under my leadership, this aspiration won’t be questioned,” he said. With tensions increasing with the U.S.,

Conference 100

Conference Leadership Regulation National 100

CFPB Monitor

MAY 27, 2021

In the new status report, the Bureau states: The Bureau is continuing to work on the significant legal and policy issues that must be resolved to implement the Section 1071 regulations. As a result, the plaintiffs can be expected to take a cooperative approach with new CFPB leadership regarding the timing of a Section 1071 NPRM.

Report 78

Report Leadership Conference Regulation 78

CFPB Monitor

FEBRUARY 25, 2021

As a result, the plaintiffs can be expected to take a cooperative approach with new CFPB leadership and be more flexible regarding a deadline for issuing a Section 1071 NPRM.

Report 78

Report Leadership Conference Policies 78

CFPB Monitor

FEBRUARY 8, 2021

Uejio’s direction to RMR to “explore options for preserving the status quo with respect to QM and debt collection rules” is intended to be a way “to preserve, where possible, maximum policy flexibility for the President’s nominee once confirmed.” Explicitly include the racial equity impact in policy proposals.

Policies 78

Policies Analysis Compliance Data 78

PYMNTS

MAY 16, 2016

We feel we owe the team at Lending Club special thanks for getting the week started off with a bang. The hits just kept on coming from there, and Lending Club’s stock price has taken a rather expected beating in subsequent days (as did most other marketplace lenders, who were apparently ruled guilty by association). credit cards).”.

Google 101

Google Data Policies Lending 101

CFPB Monitor

MARCH 1, 2021

The OCC is currently under the leadership of Acting Comptroller of the Currency Blake Paulson. The OCC’s concerns about Madden’s negative impact on credit markets provided a reasoned explanation for the Rule. However, in balancing the policy considerations, the OCC concluded it was reasonable to issue the Rule.

National 78

National Regulation Lending New York 78