article thumbnail

Another Maryland threat to bank partner model lending

CFPB Monitor

Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts. The OCFR claims that the Bank’s failure to hold the required lending licenses makes the loans unenforceable and prohibits Atlanticus/Fortiva from collecting any amounts on the loans.

article thumbnail

Small banks: Big challenges and big opportunities

Abrigo

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories.

Fintech 474
article thumbnail

At home with HOA banking

Independent Banker

is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. We were looking at ways to increase our deposit base and impact the communities we serve,” says Tom Kientz, chief operating officer. Assets: $2.3 Location: Kansas City, Mo. Academy Bank in Kansas City, Mo.,

article thumbnail

Aiming for Earnings

Independent Banker

Missouri Bank sharpens focus on trimming expenses. Higher-volume lending has become more important to profitability. Calculated Lending. Budgeting for expanded lending starts with a strategic plan. Minnesota bank makes high-volume SBA lending a profitable specialty. Vigilant Eyeshades. Outsized Outsourcing.

article thumbnail

Contemporary Roots

Independent Banker

The Bank of Old Monroe is a locally owned and operated community bank with three branches; the main bank and operations center are still located in the town of Old Monroe. Every customer will recommend the Bank of Old Monroe,” is a creed we operate by. Meanwhile, our lending policies are conservative but fair.

article thumbnail

BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

The number of businesses that reported an increase in BEC attacks targeting their operations increased by 36 percent. 115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported.

Fraud 148