Independent Banker

AUGUST 31, 2021

“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. Here are seven factors community banks should consider as they enter budgeting season.

Community Bank 170

Community Bank Community Lending Leadership 170

Abrigo

DECEMBER 30, 2019

It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA. Their commitment should be visible within the organization, and if it is not, regulators will take notice. Some specific internal control common findings center around policies and procedures.

Training 195

Training Compliance Leadership Fraud 195

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. Enforcement.

Report 78

Report Regulation Policies Compliance 78

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

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports.

Marketing 108

Marketing Community Community Bank Industry 108

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

Independent Banker

MARCH 31, 2022

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

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

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. 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%). Addressing ESG is one thing,” she says. Ponce Bank in Bronx, N.Y.,

Community Bank 144

Community Bank Community Lending Louisiana 144

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. We salute a legend of lending and credit union leadership. The Bank That Gets Fintech.

Fintech 147

Fintech Strategy Leadership Lending 147

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? Re-examine compliance management processes.

Community Bank 105

Community Bank Compliance Community Resources 105

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. A total of 300 million acres are covered by crop insurance. It’s a crucial risk-management tool” for 1.7

Community Bank 70

Community Bank Kansas City Community Iowa 70

CFPB Monitor

FEBRUARY 23, 2015

He also indicated that the CFPB’s examination team will make a recommendation to senior leadership in the Division of Supervision, Enforcement, and Fair Lending whether supervisory or enforcement action is appropriate.

Policies 60

Policies Leadership Regulation Marketing 60

PYMNTS

MAY 9, 2016

Further, 80 percent said they’re concerned about the government and its ability to bring effective leadership across government branches. Thomson Reuters and PayNet released their latest Small Business Lending Index, which saw its sixth decline in the last nine months, reports said. The index recorded a 0.28

America 100

America National Capital Survey 100

CFPB Monitor

JUNE 29, 2020

The FDIC’s final rule amends Part 331 of Title 12 of the Code of Federal Regulations by providing the following language in 12 CFR §331.4(e) More importantly, it remains to be seen how state regulators react to the OCC and FDIC Madden -fix rules. Will they focus on the true lender doctrine to enforce their state usury caps?

FDIC 60

FDIC National Analysis Regulation 60

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

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. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70

Ohio Community Bank Community Lending 70

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

PYMNTS

SEPTEMBER 3, 2019

And regulators are taking a close look at payroll advance apps. While consumers are flocking to eCommerce, merchants working on expanding and selling online in more markets must comply with local sales tax regulations. Regulators Taking a Close Look at Payroll Advance Apps. Incoming EU Leaders Plan New AI, Data Use Laws.

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

Gonzobanker

MAY 8, 2020

They may be looking for a dance partner or hiding from a regulator. However, a lack of solid earnings trends leads to bad things when shareholders, board members and regulators begin to express their concerns and potentially disrupt the direction of the institution. Practice the art of surgical lending. Ready … break! “In

Lending 114

Lending Analytics Analysis Capital 114

PYMNTS

AUGUST 29, 2018

Deutsche Bank ’s Chief Executive Christian Sewing said on Wednesday (August 29) that the banking regulations in Europe remain fragmented, hurting the opportunity for international deals in Europe. 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

DECEMBER 15, 2020

It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. Other items listed in the agenda on which the CFPB expects to take action before the end of this year and next year include: Business Lending Data (Regulation B). Home Mortgage Disclosure Act (Regulation C).

Policies 78

Policies Regulation Data Lending 78

CFPB Monitor

FEBRUARY 1, 2021

Most notably, he stated that he plans to take steps to “revers[e] policies of the last administration that weakened enforcement and supervision.” Under the leadership of former Acting Director Mulvaney, the CFPB ended routine examinations for MLA compliance.

Policies 78

Policies Leadership Lending Compliance 78

CFPB Monitor

MAY 27, 2021

The CFPB has filed its fifth status report with the California federal district court as required by the Stipulated Settlement Agreement (Agreement) in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Regulation 78

CFPB Monitor

FEBRUARY 25, 2021

The CFPB has filed its fourth status report with the California federal district court as required by the Stipulated Settlement Agreement in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Policies 78

CFPB Monitor

MARCH 16, 2021

Under the leadership of Acting CFPB Director Dave Uejio, the Bureau issued an interpretive rule on March 9, 2021 clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (“ECOA”) and Regulation B includes sexual orientation and gender identity discrimination.

Regulation 78

Regulation District of Columbia Georgia 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

CFPB Monitor

JUNE 19, 2020

The decision is likely to be relied on by regulators and private plaintiffs alleging violations of the Equal Credit Opportunity Act or the Fair Housing Act based on sexual orientation discrimination.

Leadership 127

Leadership Georgia National Lending 127

CFPB Monitor

FEBRUARY 2, 2021

In a blog post published on January 28, 2021 sharing a statement sent to CFPB staff, Acting Director David Uejio announced several new priorities for the CFPB’s Supervision, Enforcement and Fair Lending Division under the Biden Administration.

Compliance 78

Compliance Leadership Lending Analysis 78

CFPB Monitor

MARCH 1, 2021

The OCC is currently under the leadership of Acting Comptroller of the Currency Blake Paulson. The Rule regulates the conduct of national banks when they transfer loans by clarifying a statutory ambiguity in the interest rate authority of national banks. A hearing on the motions is scheduled for March 19, 2021.

National 78

National Regulation Lending New York 78

CFPB Monitor

FEBRUARY 11, 2021

In perhaps the most direct confirmation that the Biden Administration plans to return the CFPB to the dominant and active role it had under the leadership of former Director Cordray, Acting Director Uejio has published a blog post announcing that the Bureau has launched “an effort to recruit attorneys at all experience levels to join our team.”.

Leadership 78

Leadership Policies Lending Regulation 78

CFPB Monitor

JUNE 16, 2021

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities.

Lending 78

Lending Report Data Policies 78

PYMNTS

APRIL 1, 2019

News of the leadership change came the day after a federal judge ruled against the small business health insurance plan favored by Trump, declaring the plans as “clearly an end-run” to avoid consumer protection rules under the Affordable Care Act.

Leadership 116

Leadership Policies Risk Management Analysis 116

CFPB Monitor

DECEMBER 16, 2020

Chairman Waters and members of her staff are expected to have a strong voice in shaping the Biden Administration’s approach to financial services regulatory policy. The CFPB, under new leadership, should be directed “to aggressively protect consumers by enforcing the law.”.

Policies 78

Policies Regulation Lending FDIC 78

Gonzobanker

DECEMBER 14, 2023

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. The Bank Regulator Working for Merchants Award!

Fintech 195

Fintech Community Regional Technology 195