Independent Banker

AUGUST 31, 2021

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. A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. “You

Community Bank 170

Community Bank Community Lending Leadership 170

Abrigo

MARCH 21, 2023

4.75% over the course of 2022 and 2023. With signs continuing to point toward additional rate hikes, albeit smaller, many financial institutions are uncertain how they can and should manage their balance sheets to effectively combat interest rate risk both in the present moment and to come in 2023 and beyond. billion – a 39.7%

Risk Management 195

Risk Management Management Strategy Lending 195

ABA Community Banking

OCTOBER 10, 2023

Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation. The post Banking at the intersection of mission and opportunity appeared first on ABA Banking Journal.

Innovation 122

Innovation Leadership Community Bank Policies 122

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups. billion in capital into fintech startups in 2023.

Community Bank 98

Community Bank Community Fintech Leadership 98

American Banker

SEPTEMBER 27, 2023

In the past year, the bank's executive leadership team began an asset-based lending division, a treasury management department and a rotational development program designed to recruit talented college graduates.

Leadership 78

Leadership Lending Management 78

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

Jeff For Banks

DECEMBER 10, 2024

Before we begin and for comparison purposes, here are last year's top five , as measured in December 2023: #1. It offers personal and business services to the Maine market, and sports a national lending platform which purchases and originates commercial loans, mostly secured by real estate, and SBA loans, on a nationwide basis.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

PopularBank

DECEMBER 11, 2023

Molly Hime, a long-time Division Manager for Popular Association Banking (PAB), a division of Popular Bank , has announced her retirement, effective December 31, 2023. Under her leadership, the team has quadrupled in size and has originated more than $5 Billion in association loans as well as more than $1.6 Billion in deposits. “It

Management 52

Management Florida Community Leadership 52

Independent Banker

MAY 24, 2016

million farms and the community banks that lend to them each growing season, Scanlan points out. In a surprise move, congressional leadership sought to reduce the crop insurance program by $3 billion at the end of 2015 to offset other spending initiatives. A total of 300 million acres are covered by crop insurance.

Community Bank 70

Community Bank Kansas City Community Iowa 70

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

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. What an amazing leadership story. The Generational War Award.

Community 216

Community Fintech Industry Innovation 216

Fintech Labs Insights

AUGUST 22, 2024

seed round in Oct 2023 from 8 investors including YC and a16z (scout fund). Remynt : Won a $100k grant from Visa in Oct 2023. Fall 2023 (New York): Chimney: Niche digital media firm, growing steadily with increased client engagement and successful marketing campaigns. QuickFi : Reported a 45% increase in loan volume.

San Francisco 15

San Francisco New York San Jose Tools 15

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. The proposed rule , unveiled Sept.

Lending 195

Lending Data Regulation Community 195

South State Correspondent

APRIL 15, 2024

Last week, JPM released its 84-page 2023 shareholder letter and 364-page annual report. Lesson 2: Leadership Matters Jamie Dimon cites military decision making referring to the term OODA loop (observe, orient, decide, act) that we have written about HERE. Jamie states that the secret sauce to leadership is to “have a heart.”

Community 195

Community Community Bank Leadership America 195

PYMNTS

JANUARY 19, 2021

As reported, President-elect Joe Biden nominated Rohit Chopra , a commissioner at the Federal Trade Commission (FTC), to lead the Consumer Financial Protection Bureau (CFPB), replacing Kathy Kraninger as director (who remains in her post in a term that technically runs through 2023, but is likely to be replaced by Biden).

Lending 143

Lending Massachusetts Regulation Leadership 143

FICO

JANUARY 5, 2023

Four 2023 U.S. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. Thu, 01/05/2023 - 15:45. For those in the financial services industry, 2023 will be the year when U.S. FICO Admin. Tue, 07/02/2019 - 02:45.

Policies 52

Policies Company Regulation Risk Management 52