FICO

MAY 24, 2021

year over year in 2021 to $327.5 As an example, almost half (43%) of respondents say they have no responsibilities beyond regulatory compliance to ethically manage AI systems that make decisions which may indirectly affect people's livelihoods. billion, companies’ reliance on AI technology is heading in only one direction: up.

Study 98

Study Leadership Regulation Analytics 98

CFPB Monitor

JUNE 28, 2021

On June 23, 2021, President Biden replaced the Federal Housing Finance Agency (FHFA) Director Mark Calabria with Acting Director Sandra L. As previously reported , the CFPB delayed the mandatory compliance date of the new general qualified mortgage (QM) rule under Regulation Z, which became effective on March 1, 2021, until October 1, 2022.

Compliance 78

Compliance Leadership Regulation Report 78

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.”

cryptocurrency 146

cryptocurrency Innovation DC National 146

PYMNTS

DECEMBER 28, 2020

The news agency said that while Pan stopped short of calling for Ant’s breakup, officials want the firm to set up a separate holding company to ensure its capital adequacy and regulatory compliance. Chinese officials last month also issued draft rules aimed at preventing monopolistic behavior by internet firms.

US 168

US Regulation Groups System 168

CFPB Monitor

DECEMBER 13, 2021

The CFPB has released the Fall 2021 edition of its Supervisory Highlights. The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021.

Lending 78

Lending Cards Regulation Payments 78

CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The report discussed the Office’s consumer outreach and educational efforts, servicemember complaint trends, and priorities for 2021.

Report 78

Report Compliance Leadership Analysis 78

The Financial Brand

OCTOBER 21, 2020

How banks and credit unions responded to the pandemic can help them solve thorny technology, data, leadership and culture challenges. The post COVID Lessons Community Financial Institutions Must Apply in 2021 appeared first on The Financial Brand.

Community 39

Community Leadership Branding Data 39

CFPB Monitor

APRIL 20, 2022

I am concerned that TransUnion’s leadership is either unwilling or incapable of operating its businesses lawfully.”. The individual defendant served as TUI’s President from 2004 to 2021 and as TUI’s Executive Vice President thereafter. In addition to requiring payment of $13.9

Compliance 78

Compliance Leadership Report Regulation 78

CFPB Monitor

FEBRUARY 10, 2021

On January 14, 2021, the NCUA and CFPB announced the agencies have entered into a memorandum of understanding relating to their joint supervision of federally insured credit unions over $10 billion in assets. Ballard Spahr’s consumer finance team is experienced with the CFPB’s expectations and supervisory process.

Training 78

Training Compliance Meeting Leadership 78

Bobsguide

APRIL 12, 2022

The company’s software system enables customers to automate treasury management processes, providing information on debt, derivatives, foreign exchange, banking, cash management and payments which deliver efficiencies that save costs, ensure full regulatory compliance and provide real-time business insights.

Software 147

Software System Management Groups 147

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Planning for increased compliance costs. Illustration By blindSALIDA.

Community Bank 144

Community Bank Community Lending Louisiana 144

CFPB Monitor

DECEMBER 9, 2021

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021. The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023. Change in index.

Regulation 78

Regulation Cards Compliance Groups 78

CFPB Monitor

NOVEMBER 8, 2021

The CFPB Education Loan Ombudsman has issued his annual report covering the period from September 1, 2020 through August 31, 2021. Most significantly, the Bureau’s discussion strongly suggests that the “new CFPB” is unlikely to provide flexibility or show leniency to servicers in meeting compliance requirements.

Report 78

Report Marketing Leadership Analysis 78

Independent Banker

JANUARY 31, 2022

Real estate loans make up the biggest portion of its portfolio by far, and that portfolio grew 12% to 15% in 2021, according to the community bank’s president, Ken Finley. Daspit, who is based in Baytown, Texas, has held leadership roles in his local Rotary Club and at the United Way. billion, the report notes.

Texas 182

Texas San Antonio Community Bank Community 182

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. In each new market opened in 2021, the community bank found an experienced ag lender who was seeking a new position. The Paycheck Protection Program (PPP) was important to New Haven Bank’s success in 2020 and 2021. By Ed Avis. Methodology.

Community Bank 172

Community Bank Community National Philadelphia 172

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary. This blog even as summary is quite long. Personally owned devices. File exchange.

Operations 118

Operations Software Risk Management Management 118

Independent Banker

JUNE 30, 2022

We had plenty of women in leadership roles; we had a couple of women on our board. To that end, she and her colleagues set up an internal focus group that met monthly, starting in January 2021. and Inclusion: The Millennial Influence,” Deloitte University Leadership Center for Inclusion, 2015. Quick Stat.

Community Bank 91

Community Bank Community Leadership Millennials 91

CFPB Monitor

FEBRUARY 26, 2020

The new lawsuit indicates that not only companies offering financial products structured as purchases should expect continued CFPB scrutiny under Director Kraninger’s leadership, particularly where the products are marketed to veterans, but also indicates that service providers to such companies should expect such scrutiny.

South Carolina 78

South Carolina Arkansas New York Company 78

Jeff For Banks

DECEMBER 10, 2023

Although the 2022 Top 5 are holding their own and two of them remain in today's Top 5, the 2021 edition included one bank that failed (SVB Financial Group) and one that is voluntarily liquidating (Silvergate). Holding was elected Chairman and President of First-Citizens Bank & Trust, a family legacy of leadership that lasts to this day.

Fresno 100

Fresno North Carolina Raleigh FDIC 100

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 subsidiary will break even in next 12-18 months.

Fintech 191

Fintech Community Regional Technology 191

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970.

Policies 52

Policies Las Vegas FDIC Washington 52

Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 133

Fintech Strategy Leadership Lending 133

FICO

NOVEMBER 7, 2022

You never know when you’ll get a text from your leadership about testifying in front of the Senate! Senator Warren recently issued a report claiming that there is “rampant fraud and theft on Zelle” and cited nearly 200,000 incidences of scam payments totaling almost $214 million through 2021 and into the first half of 2022.

Fraud 52

Fraud US Payments South Carolina 52

Fintech Labs Insights

MARCH 15, 2024

In the fintech space, only Fintech Meetup , launched in 2021, has reached critical mass this decade. The pandemic slowed the introduction of new events. Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks.

Conference 15

Conference Las Vegas Fintech Case Study 15

Social Assurance

JANUARY 11, 2021

As financial marketers finalize their 2021 marketing plans, the focus for the the new year will center on executing new organizational goals, addressing changing consumer demands and behaviors and learning and experimenting with new marketing channels and tactics in evolving their marketing strategy. LinkedIn Live Events.

social media 15

social media Branding Trends Tools 15

Social Assurance

JANUARY 11, 2021

As financial marketers finalize their 2021 marketing plans, the focus for the the new year will center on executing new organizational goals, addressing changing consumer demands and behaviors and learning and experimenting with new marketing channels and tactics in evolving their marketing strategy. LinkedIn Live Events.

social media 15

social media Branding Trends Tools 15

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., SoFI gets a commercial bank that brings deposits, compliance, AND business lending. It’s hard to understand how Clobes has time in the day to drive her unlimited amount of leadership activities. What an amazing leadership story.

Community 216

Community Fintech Industry Innovation 216

Social Assurance

DECEMBER 21, 2021

From the results of our 2021 Marketing and Compliance survey, which was distributed to a mix of banks and credit unions, we found that 89% of participants are represented on Facebook, followed by LinkedIn (65%), Twitter (51%), and Instagram (48%).

How To 15

How To Marketing social media Branding 15

CFPB Monitor

JUNE 17, 2021

In another action demonstrating that a “new CFPB” is in place under the Biden Administration, the CFPB has issued an interpretive rule setting forth the basis for its determination that it has authority to examine institutions that it supervises for Military Loan Act (MLA) compliance.

Compliance 78

Compliance Lending Leadership Analysis 78

Fintech Labs Insights

AUGUST 22, 2024

Themis: Raised $9M, compliance and governance tech gaining steady traction, particularly with larger corporate clients. Fall 2021 (New York): Array: Raised $67M, continues expansion in credit monitoring and management solutions, receiving positive industry reviews.

San Francisco 15

San Francisco New York San Jose Tools 15

Abrigo

SEPTEMBER 14, 2022

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. In February 2020, a settlement was reached, and by September 2021 the CFPB had issued the NPRM.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

FEBRUARY 8, 2021

On February 23, 2021, from 12:00 p.m. The final debt collection rule (Parts I and II) is effective on November 30, 2021 and the final QM rules are effective on March 1, 2021, with a mandatory compliance date of July 1, 2021 for the new general QM rule. to 1:30 p.m.

Policies 78

Policies Analysis Compliance Data 78

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. On Tuesday, February 2, 2021, from 12:30 p.m. to 1:30 p.m.

Report 78

Report Leadership Lending Regulation 78

Independent Banker

SEPTEMBER 30, 2021

In early 2021, a customer approached a teller at Kennebec Savings Bank in Augusta, Maine, and asked to withdraw $20,000. Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. based security and compliance automation platform. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

CFPB Monitor

FEBRUARY 1, 2021

Under the leadership of former Acting Director Mulvaney, the CFPB ended routine examinations for MLA compliance. Under former Director Kraninger’s leadership, the CFPB sent a proposal to Congress that would give it clear authority to conduct such examinations. Tomorrow, February 2, 2021, from 12:30 p.m. to 1:30 p.m.

Policies 78

Policies Leadership Lending Compliance 78

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 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