Independent Banker

AUGUST 25, 2016

Audit to check and balance the compliance management process. While the saying irritated the Russians to distraction, the phrase can be a useful reminder for the essential role that effective auditing plays in the compliance process. A bank’s CMS may look impressive and may appear comprehensive on the surface, but is it effective?

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

AUGUST 25, 2016

The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. Designate a compliance officer. Mary Thorson Wright , a former Federal Reserve manager, is a financial writer in Virginia.

Compliance 70

Compliance Community Bank Training Virginia 70

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. of Regulation E specifies the timing and steps banks must take to investigate and resolve EFT errors consumers allege.

Community Bank 91

Community Bank Regulation Community Training 91

American Banker

NOVEMBER 5, 2021

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Virginia 58

Virginia Community Bank Community Compliance 58

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

Independent Banker

DECEMBER 13, 2015

1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. Your community bank should review how the rule’s requirements will affect its products and services to prepare for the rule’s Oct. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

American Banker

OCTOBER 10, 2023

Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.

Virginia 45

Virginia Fintech Community Bank Community 45

American Banker

NOVEMBER 17, 2016

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

Virginia 28

Virginia Community Bank Compliance Community 28

American Banker

MARCH 21, 2016

A dozen banks from Arkansas to Virginia are nearing $10 billion in assets, where they will face higher compliance costs and caps on interchange fees. Mergers among those institutions could create a new class of regional bank.

Arkansas 28

Arkansas Virginia Regional Compliance 28

American Banker

OCTOBER 16, 2023

Billy Beale joined the small Virginia bank in May, several months after its fintech partnership strategy landed it in hot water with regulators. There's still a lot of just blocking and tackling that we've got to do to get the bank to work the way it's supposed to," he says.

Virginia 41

Virginia Regulation Strategy Fintech 41

Independent Banker

JANUARY 31, 2023

Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks. Learn what this means for the industry and how community banks can stay in compliance. How the circular will affect community banks is not entirely clear.

Community Bank 91

Community Bank Community Compliance Regulation 91

Gonzobanker

DECEMBER 17, 2021

GonzoBanker of the Year – Bank. There are lots of entrepreneurial leaders in the banking space today, but this year the nod goes to Randy Chesler at Glacier Bancorp. The Bank That Gets Fintech. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Congrats on a brave move and national recognition Jim!

Fintech 136

Fintech Strategy Leadership Lending 136