CFPB Monitor

MAY 16, 2022

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance.

Lending 148

Lending Report Memphis Tennessee 148

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. On the next pages, you’ll find our listings of the top-performing community banks of 2021 alongside interviews with some of the winners. Brazos National Bank. Douglas National Bank. Philadelphia.

Community Bank 172

Community Bank Community Montana Taxes 172

South State Correspondent

APRIL 24, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. Considerations For Choosing A Term Lending Index. The national and regional banks have been mainly adopting SOFR for loan pricing. Market Adoption.

Lending 195

Lending Community Bank Community Marketing 195

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. Covered institutions are required to use specific scenarios to conduct the stress tests.

Capital 294

Capital Regulation United States Exercises 294

Abrigo

APRIL 24, 2023

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. Construction lending has seen several stumbling blocks over the past few years. billion in the fourth quarter of 2021. million in the fourth quarter of 2021. increase to $320.45

Trends 195

Trends Lending Risk Management Arkansas 195

PYMNTS

JANUARY 25, 2021

Global FDI dropped by 42 percent last year, and COVID-19 will keep impacting it in 2021, according to a UNCTAD report, as China reaps more foreign funds than the United States. 55-Plus Group Lends Optimism To Travel Operators. FDI dropped to $859 billion in 2020 from $1.5 trillion in 2019.

United States 217

United States Regulation Payments Lending 217

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. Community National Bank & Trust of Texas.

Community Bank 164

Community Bank Community Texas Leadership 164

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021.

San Francisco 130

San Francisco Community Bank Video Capital 130

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . A tricky year for farmers, ag lending. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

Abrigo

OCTOBER 17, 2022

Shannon passed away in 2021 after her diagnosis in 2017. and in bank technology nationally. He was named an Ernst & Young LLP (EY US) Entrepreneur of the Year 2021 Central Texas Award Winner.

Texas 370

Texas Leadership Austin Raleigh 370

PYMNTS

DECEMBER 28, 2020

In Mercado’s home nation of Brazil, he describes the last eight months as a “fundamental transformation” in a conversation with PYMNTS’ Karen Webster. Has it been ten years of change packed into one, as some have speculated? Brazil at the beginning of last year was a different Brazil, for sure,” he said. Creating Credit Scores Out Of Data .

Lending 220

Lending Data Marketing Regional 220

CFPB Monitor

OCTOBER 4, 2022

The DOJ’s lawsuit against Lakeland, filed in a New Jersey federal district court, is part of the DOJ’s nationwide “ Combating Redlining Initiative ” launched in October 2021. In the majority-white neighborhoods in the Newark Lending Area, residential mortgage services were available at branches to walk-in customers.

New Jersey 147

New Jersey Lending Community National 147

CFPB Monitor

MARCH 7, 2023

Park National Bank (“Park National”), based in Ohio, has agreed to pay $9 million to settle allegations brought by the U.S. Continue Reading

National 78

National Columbus Ohio Lending 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

Gonzobanker

JULY 9, 2021

Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 As fintech startups, challengers, and even mature fintech providers laser in on evermore specific pain points, investors pour funds into the payments, lending, data, and other approaches to pain relief. Fintech is no different.

Fintech 196

Fintech Lending Community Payments 196

South State Correspondent

APRIL 12, 2022

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. The bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. Total 2021 bank revenue was $122B, and loans outstanding were just over $1T. Despite JPM enormous size ($3.7T

Community 195

Community Community Bank Leadership Lending 195

Abrigo

JUNE 12, 2023

WATCH NOW Takeaway 1 The number of money transmitters grew by 13% in 2021 in the U.S. According to the Conference of State Bank Supervisors , the number of money transmitters grew by 13% in 2021 in the U.S. A national framework would provide a level playing field, fostering innovation and competition in the money transmitter industry.

Compliance 195

Compliance Fraud Regulation Guidelines 195

SWBC's LenderHub

MAY 3, 2021

If you’re anything like me, now that we’re a solid quarter into 2021, the haze and fog of 2020 is finally starting to dissipate. Surprisingly, the lending market has not followed the same economic trend as some of the harder hit industries. In fact, we’ve seen the housing market boom since the onset of the pandemic.

Marketing 103

Marketing Lending National Trends 103

Abrigo

MARCH 17, 2022

The stress test scenarios present hypothetical levels on common national level economic factors. reactivity inflation and interest rates is very similar to October 2021 and January 2022 consensus projections that were utilized with the Blue Chip Economic Indicators report as well as the Blue Chip Financial Forecast.

Capital 195

Capital Regulation Risk Management Community 195

PYMNTS

OCTOBER 9, 2018

Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021. Community bank representatives at the recent AICPA National Conference on Banks and Savings Institutions noted that some have only one expert designated to implement the standards.

Community Bank 153

Community Bank Report Community Lending 153

Abrigo

JUNE 4, 2019

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. Non-PBE: December 15, 2021.

Policies 186

Policies Capital Report FDIC 186

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system and national security. Lending & Credit Risk.

Community 195

Community Regulation Training Policies 195

PYMNTS

AUGUST 27, 2019

The survey was conducted by the Swiss National Bank (SNB) and released on Tuesday (Aug. It was focused on digital payments technology, which in Switzerland is more advanced than digitization in mortgage lending. The bank said it would invest hundreds of millions of francs by the end of 2021.

Survey 129

Survey Online National Lending 129

PYMNTS

NOVEMBER 20, 2020

Yu said the timing of the IPO suspension — again, mere hours before launch — shows that regulators may have been hesitant, or perhaps even did not feel empowered, to take on a national hero like Ma and his behemoth of a corporate creation. Looking out into 2021, Yu predicted that Ant may indeed undergo a restructuring. .

Groups 236

Groups Regulation Policies Meeting 236

Independent Banker

JANUARY 31, 2022

“There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank. Amarillo National Bank (ANB) in Amarillo, Texas, plans to open its first full-service retail branch in the home of the Alamo this year, but the $7.6-billion

Texas 182

Texas San Antonio Community Bank Community 182

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. Each year, we provide insight into the national average FICO® Score to help ensure consumers have a baseline measure of credit health standing. by Ethan Dornhelm. expand_less Back To Top.

Payments 98

Payments National San Diego Analytics 98

PYMNTS

JANUARY 25, 2021

The FinTech, tabby , intends to use the funds to improve its lending and engineering capabilities and scale its product, which currently helps consumers in the UAE and Saudi Arabia pay off purchases made with domestic and global merchants’ operations in the countries. Deep Dive: How Consumers Across The Income Spectrum View Payments In 2021.

Payments 185

Payments Tools Retail Cards 185

South State Correspondent

JULY 10, 2023

In a National Bureau of Economic Research paper (working paper 31166), the authors (McPhail, Schnable, Tuckman) analyzed individual swap positions for the largest 250 US banks. Hedging tools on the lending side are indispensable in specific scenarios to help banks manage risk and meet client demand.

Community Bank 195

Community Bank Community Tools Management 195

CFPB Monitor

MARCH 30, 2020

Under Section 4021, if a furnisher (for example, a financial institution that lends money to consumers) makes an accommodation with respect to one or more payments on a credit obligation or consumer account, the furnisher should continue to report the account as current if the consumer fulfills the terms of the accommodation.

Report 135

Report Study Lending Payments 135

South State Correspondent

JANUARY 4, 2023

Lending Focus – Interest Rate Sensitivity and Credit Accuracy. If you look back over any recession, it is the two years prior when banks make 80% of their lending mistakes. Many banks, for example, are still hyper-competitive in multifamily lending. Remember all those five-year fixed-rate loans you booked at 4%?

Community Bank 195

Community Bank Capital Marketing Lending 195

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

Fraud 78

Fraud National Security social media 78

South State Correspondent

JANUARY 16, 2024

introduced a LIBOR alternative in March of 2021 (called BSBY). We believe that our program offers an advantage against the national banks. Some bankers will soon hear about another example of banks using derivatives that, unfortunately, will lead to losses. Risk of Derivatives – BSBY Discontinuation Bloomberg L.P.

Community Bank 195

Community Bank Community Compliance CA 195

CFPB Monitor

JULY 23, 2021

The DoD, in consultation with the Treasury Department, was required to provide the report by the National Defense Authorization Act for Fiscal Year 2021. However, the type of loan has changed dramatically.

Report 78

Report Lending Cards National 78

BankUnderground

APRIL 28, 2023

UK bank-level data comes from a confidential data set at the Bank of England and includes financial data on UK banks between 1990 and 2021. The data for US banks runs from 1979 to 2021 and was collected from multiple sources including Refinitiv® Eikon, Capital IQ®, and published financial statements. Cash 8762 1413.30 0 351969.60

Capital 104

Capital Lending US Data 104

CFPB Monitor

JULY 5, 2023

The FFIEC advises that the Snapshot National Loan-Level Dataset that it released contains the national HMDA datasets as of May 1, 2023, and that key observations from the Snapshot include the following: • The number of reporting institutions increased by about 2.63% from 4,338 in 2021 to 4,460 in 2022. Continue Reading

Data 78

Data National Report Lending 78

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Underwriting valuation and lending requirement strategies to shift.

National 52

National Industry Lending Strategy 52

Cisco

JUNE 7, 2022

In between these events, a different crisis began in the US sub-prime lending market. In the latter half of 2021, regulatory agencies responded to increasing cyber risks with updated guidance for institutions and auditors. Nation-states will influence the financial services supply chain.

Risk Management 118

Risk Management Management Cyber Security Handbook 118