CFPB Monitor

APRIL 13, 2022

The CFPB has issued its Fall 2021 Semi-Annual Report to Congress covering the period April 1, 2021 through September 30, 2021. Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio.

Report 78

Report Leadership Analysis Lending 78

MerhantsBanks

MAY 24, 2021

Charles.

Leadership 68

Leadership Meeting Lending Apple 68

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

Independent Banker

JANUARY 31, 2022

approached him about a leadership position in 2013. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. 2021, Southern Bancorp partnered with $23.2 Over the longer term, Southern Bancorp’s leadership plans to score its loan portfolio for carbon emissions.

Community Bank 172

Community Bank Community Leadership Arkansas 172

Independent Banker

AUGUST 31, 2021

Source: 2021 Provident Bank survey. Reiling adds that bank leadership needs to be bold enough to try things out and possibly fail, which is why Sunrise Banks implemented the 90-day check-in. Build a lending niche. Here’s what community bankers need to know when planning their budgets for the next year. By Cheryl Winokur Munk.

Community Bank 170

Community Bank Community Lending Leadership 170

CFPB Monitor

JUNE 16, 2021

During May 2021, the federal Government Accountability Office (“GAO”) issued a report (GAO-21-393) containing findings from its review of issues related to the CFPB’s oversight and enforcement of the Equal Credit Opportunity Act (“ECOA”) and the Home Mortgage Disclosure Act (“HMDA”).

Lending 78

Lending Report Data Policies 78

Jeff For Banks

DECEMBER 29, 2021

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 27, 2021 was 60.4%. billion at September 30, 2021. What is unique is, after reviewing the management team and board, there are people of Korean, Malaysian, Indian, and Chinese descent in leadership positions.

Capital 78

Capital Texas Metro North Carolina 78

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Ag lending in the South: Relationships matter. It also indirectly benefits our lending business.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

MAY 26, 2022

Under Director Chopra’s leadership, the CFPB has regularly been sounding alarms about the potential for discrimination arising from the use of so-called “black box” credit models that use algorithms or other artificial intelligence (AI) tools.

Compliance 143

Compliance Regulation Leadership Technology 143

Independent Banker

JANUARY 31, 2022

ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending. Consumer mortgage and installment lending are in the mix as well.

Texas 182

Texas San Antonio Community Bank Community 182

CFPB Monitor

JULY 27, 2020

In the report, Bureau states that in Fall 2020, the Taskforce intends to participate in a publicly available listening session with the Bureau’s four advisory committees and to engage with federal and state regulatory partners before delivering its final report in early 2021.

Report 78

Report Lending Leadership National 78

Gonzobanker

FEBRUARY 8, 2023

billion in Q4 2022, down 79% from Q4 2021. The total number of deals funded dropped from 423 in Q4 2021 to 342 in Q4 2022, representing a 73% decline in the average funding amount per raise from $43 million down to $11.4 billion in 2021. According to CB Insights, fintech funding in the U.S. totaled $3.9 BankTech Ventures.

Community Bank 99

Community Bank Community Fintech Leadership 99

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. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Jeff For Banks

MAY 9, 2024

During the prior break, I struck up a conversation with a person from Lendio , a small business lending platform, that was there to promote their white-label platform to bankers. But they will only lend what fits in their credit box. Getting much needed capital into the hands of small businesses that can lead their economies forward.

Conference 110

Conference Community Bank Community Tools 110

The Financial Brand

DECEMBER 13, 2020

The post What Financial Institutions Must Do to Survive 2021’s COVID Crunch appeared first on The Financial Brand. McKinsey lays out key strategies to help not only with upcoming credit problems but fundamental transformations now urgently required.

Strategy 40

Strategy Branding Leadership Lending 40

PopularBank

JUNE 1, 2021

Popular Bank Senior Vice President and Head of Commercial Banking Ken Mitchell joined fellow industry leaders to discuss commercial real estate insights during the virtual Mortgage Bankers Association of New York ( MBA of NY ) Lender Roundtable on May 11, 2021. Identifying Commercial Real Estate Lending Bright Spots.

New York 52

New York New York City Lending Industry 52

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 101

Fresno North Carolina Raleigh FDIC 101

CFPB Monitor

JULY 6, 2020

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z). Other items listed in the agenda on which the CFPB expects to take action this year include: Business Lending Data (Regulation B).

Regulation 78

Regulation Policies FDIC Lending 78

Independent Banker

AUGUST 31, 2022

When two executives at Woodforest National Bank noticed a dearth of affordable housing options in southeast Texas, they decided to do something about it, partnering with several housing and community groups to launch an innovative mortgage lending product aimed at underserved clients. By Aileen McDonough. Name: Woodforest National Bank.

Austin 91

Austin Texas Community National 91

CFPB Monitor

OCTOBER 3, 2022

The court noted the plaintiffs asserted “that HMDA data have been invaluable in ‘uncovering and addressing redlining, fair lending violations, and other inequitable lending practices’ over the decades.” Additionally, a number of the new data reporting items are complex.

DC 78

DC Report District of Columbia Data 78

ABA Community Banking

JANUARY 14, 2021

On the latest episode of the ABA Banking Journal Podcast, ABA Government Relations Council Chair Jim Rieniets outlines policy areas where ABA will focus in 2021. The post Podcast: The Year Ahead in Banker Advocacy appeared first on ABA Banking Journal.

Policies 59

Policies Leadership Community Bank Lending 59

PopularBank

MAY 25, 2021

The panel was hosted on April 29, 2021 and brought together senior housing lending, legal and environmental experts to discuss unique challenges they faced amid COVID-19 disruption and shaping the industry’s future. Underwriting valuation and lending requirement strategies to shift.

National 52

National Industry Lending Strategy 52

Independent Banker

DECEMBER 31, 2022

So we’re careful when we lend out commercial real estate loans. Sills: We are currently an SBA 7(a) lender, and we participated in the PPP program in 2020 and 2021. Drentlaw: We signed with Teslar Software in late December 2021 and have been working with them to implement workflows and exception tracking.

Community Bank 91

Community Bank Community Tampa North Carolina 91

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. Now that’s what you call a change of momentum.

Community 216

Community Fintech Industry Innovation 216

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We

Community Bank 196

Community Bank Community National Fresno 196

Social Assurance

NOVEMBER 6, 2020

By having CFOs and CEOs in attendance, content would lend itself to position bank marketers as a critical function within any organization. ” Investing in developing your marketing team’s skills will be essential in 2021.

Marketing 12

Marketing Conference Minneapolis Analytics 12

Fintech Labs Insights

AUGUST 22, 2024

Fall 2021 (New York): Array: Raised $67M, continues expansion in credit monitoring and management solutions, receiving positive industry reviews. PwC: Maintains leadership in consulting, expanding services in digital transformation and cybersecurity. Quid (acquired by Netbase Quid): Raised $108M for its market intelligence software.

San Francisco 15

San Francisco New York San Jose Tools 15

CFPB Monitor

NOVEMBER 2, 2021

Last week, in advance of Director Chopra’s appearances before the House Financial Services Committee and the Senate Banking Committee , the CFPB issued its Spring 2021 Semi-Annual Report to Congress covering the period October 1, 2020 through March 31, 2021.

Report 78

Report Leadership Lending Tools 78

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. Points of Note. Controversial Provisions.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

DECEMBER 22, 2020

Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Expect more cost-driven MOEs in 2021! BCU has worked tenaciously to create a near-lights-out lending process with its consumer originations. Lucky 2021?

Idaho 179

Idaho Community Industry Strategy 179

CFPB Monitor

JUNE 17, 2021

In 2018, under the leadership of former Acting Director Mulvaney, the CFPB stopped examining its supervised institutions for MLA compliance on the ground that it did not have the requisite statutory authority. Mr. Uejio’s views are reflected in the CFPB’s press release announcing the change in position on the CFPB’s MLA authority.

Compliance 78

Compliance Lending Leadership Analysis 78

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). The agenda estimates pre-rule activity in March 2021.

Policies 78

Policies Regulation Data Lending 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. 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

CFPB Monitor

MARCH 1, 2021

A hearing on the motions is scheduled for March 19, 2021. The OCC is currently under the leadership of Acting Comptroller of the Currency Blake Paulson. Mr. Paulson, the OCC’s Chief Operating Officer, became Acting Comptroller on January 14, 2021 upon the resignation of Acting Comptroller Brian Brooks. ”

National 78

National Regulation Lending New York 78

CFPB Monitor

FEBRUARY 1, 2021

He also announced an immediate change in supervision, stating that it is now “the official policy of the CFPB to supervise lenders with regard to the Military Lending Act.” Under the leadership of former Acting Director Mulvaney, the CFPB ended routine examinations for MLA compliance. Tomorrow, February 2, 2021, from 12:30 p.m.

Policies 78

Policies Leadership Lending Compliance 78

Gonzobanker

FEBRUARY 20, 2021

GonzoBanker mothership Cornerstone Advisors’ recent What’s Going On In Banking 2021 research points to digital account opening being the top bank tech replacement priority in mid-size banks for the third year in a row. The account origination and lending POS solutions are made available through the digital, branch and contact center channels.

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

CFPB Monitor

FEBRUARY 8, 2021

Uejio publicly shared his statement to the staff of the Bureau’s Division of Supervision, Enforcement, and Fair Lending, the new blog post reinforces Mr. Uejio’s intention to make significant changes at the Bureau even before Rohit Chopra, President Biden’s nominee for CFPB Director, is confirmed by the Senate and sworn in. to 1:30 p.m.

Policies 78

Policies Analysis Compliance Data 78