CFPB Monitor

JUNE 2, 2022

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

Regulation 78

Regulation California Exercises Compliance 78

American Banker

DECEMBER 22, 2023

Bank investor Kenneth Lehman and investment firm Castle Creek are providing the funds to the Virginia-based bank, whose fintech friendly strategy has gotten it in trouble with regulators. The bank's stock has sunk 70% this year.

Virginia 74

Virginia Capital Strategy Regulation 74

PYMNTS

JUNE 19, 2019

It is particularly difficult when it includes asking central bankers and regulators to give up control of their domestic currencies to a global currency conceived by Facebook — the same Facebook that has made headlines and regulators roil over the last several years for its breaches of consumer trust and data privacy. So what is?

cryptocurrency 149

cryptocurrency Bitcoin blockchain Regulation 149

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. Mary Thorson Wright is a writer in Virginia.

Compliance 100

Compliance FDIC Community Bank Community 100

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. The primary resource for deposit account error resolution is Regulation E—the Electronic Funds Transfer Act (EFTA).

Community Bank 91

Community Bank Regulation Community Training 91

Independent Banker

MARCH 27, 2016

I learned about it firsthand as a cadet at the Virginia Military Institute. That’s why community banking resonates so strongly with me. Community bankers aren’t just there for their customers during work hours on weekdays. That’s true of community bankers everywhere. It’s what makes you community bankers.

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Community Bank Community Washington Virginia 70

CFPB Monitor

MARCH 30, 2015

On March 26, the CFPB held a public hearing on payday and auto title lending, the same day that it released proposed regulations for short-term small-dollar loans. The Commissioner of Virginia’s Bureau of Financial Institutions, E. ” Cordray explained and defended the CFPB’s proposed new regulations.

Virginia 60

Virginia Lending Regulation America 60

American Banker

NOVEMBER 5, 2021

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Virginia 58

Virginia Community Bank Community Compliance 58

Independent Banker

FEBRUARY 24, 2016

Yet community banks, as relationship builders, don’t like to hear customer complaints. The general expectation of the regulators is reflected in the FDIC’s Compliance Examination Manual, in Section II–3.4: “An institution should be prepared to handle consumer complaints promptly. By Mary Wright Thorson. Nobody’s perfect. management.

Compliance 70

Compliance Regulation Community Bank Virginia 70

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

Community Bank 70

Community Bank Community Analytics Lending 70

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. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

CFPB Monitor

JANUARY 23, 2020

The one exception is John Harrison of University of Virginia School of Law who takes no position on the merits but recommends that the Supreme Court avoid the constitutionality question on the grounds of ripeness by first addressing severance. John Harrison of University of Virginia Law School. Financial Regulation Scholars: Adam J.

Virginia 78

Virginia Montana DC Groups 78

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. The rule defines a “creditor” as a business that is engaged in extending consumer credit and meets the criteria under Regulation Z with respect to extensions of consumer credit to covered borrowers. By Mary Thorson Wright. Beginning Oct. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 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. Mary Thorson Wright , a former Federal Reserve manager, is a financial writer in Virginia. CFPB Updates. Servicing Rules.

Compliance 70

Compliance Community Bank Training Community 70

Independent Banker

OCTOBER 29, 2014

Community bank compliance professionals know three things about effective compliance management: It starts at the top. The evolution has challenged regulators and law enforcement to find ways to quash new modes of criminal activity and to get ahead of the criminals. Compliance Corner General Regulation & Compliance'

Compliance 80

Compliance Leadership Resources Virginia 80

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 Course 45

PYMNTS

JUNE 19, 2019

That is particularly when it includes asking central bankers and regulators to give up control of their domestic currencies to a global currency conceived by Facebook. The same Facebook that has made headlines and regulators roil over the last several years for its breaches of consumer trust and data privacy. Regulators Weigh In.

cryptocurrency 100

cryptocurrency Bitcoin blockchain Regulation 100

Independent Banker

JULY 1, 2015

When another lender left the $103 million-asset community bank, Harms picked up her client load for months without complaint and then trained the new replacement staffer. And even as new regulations make the mortgage environment increasingly challenging, he just smiles, adapts quickly and gets back to business.

Cleveland 70

Cleveland Wisconsin Arizona Virginia 70

Independent Banker

AUGUST 25, 2016

Community bank compliance officers spend the lion’s share of their time executing compliance management programs by learning about and analyzing regulatory requirements, providing training on them and helping business units implement them. Regulations, rules and laws direct what must happen. Trust, but verify! The CMS Framework Series.

Compliance 70

Compliance Training Community Bank Management 70

Independent Banker

JULY 28, 2016

Through guidance, each of the federal bank regulators prescribes a Compliance Management System (CMS) as the framework for an effective compliance solution. To make the CMS framework effective, every community bank needs to customize it in the context of its profile and performance. What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

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

MARCH 15, 2015

in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. What concerned me most wasn’t that the customer was upset with me,” recalls Hartings of the homebuyers who ignored his community bank’s cautiously pragmatic approach. “I Jack got us through that just fine.

Ohio 70

Ohio Community Bank Community Lending 70

PYMNTS

JUNE 24, 2016

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A pretty clear-cut sizzle. Costco Card.

Online 101

Online Lending South Dakota North Dakota 101

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

FEBRUARY 13, 2025

An order permitting CSBH LLC in Powhattan, Virginia, to acquire a controlling stake in Industry Bancshares promises to give the Texas company a fresh start in one of the country's most attractive banking markets.

Texas 36

Texas Virginia Company Industry 36

Jeff For Banks

DECEMBER 12, 2017

That got regulator's attention in the form of a May 2011 Consent Order (CO). billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Fintech Labs Insights

MARCH 22, 2016

The funding news comes just days after StreetShares announced that it had earned Regulation A+ approval from the Securities and Exchange Commission (SEC), which enables the company to use public investments to back loans to small businesses. million into the company. StreetShares’ total funding stands at more than $8 million.

Virginia 12

Virginia Lending Community Online 12

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

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Supreme Court’s decision on June 30, 2022 in West Virginia v. Chamber of Commerce.

Groups 145

Groups West Virginia Policies Virginia 145

CFPB Monitor

SEPTEMBER 13, 2018

Referencing the language in Regulation B and Regulation B Commentary regarding the “effects test,” the AGs argue in their letter that the regulations implementing the ECOA have continuously interpreted the statute as providing for disparate impact liability. to discriminate against any person. to discriminate against any person.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Gonzobanker

DECEMBER 17, 2021

Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Through all this, First Farmers has remained disciplined in performance and squarely focused on customers and community. Like how does that play into our communities? The Bank That Gets Fintech.

Fintech 146

Fintech Strategy Leadership Lending 146

CB Insights

NOVEMBER 9, 2017

The company also found itself confronted by conflicting energy program mandates and regulations. Select VC Investors: Community Investment Management, Brevet Capital Management, Trinity Ventures, Giles Raymond. Select VC Investors: Community Investment Management, Brevet Capital Management, Trinity Ventures, Giles Raymond.

Capital 78

Capital Company San Francisco Operations 78

CFPB Monitor

MARCH 20, 2017

Professor Saikrishna Prakash, James Monroe Distinguished Professor, University of Virginia School of Law. In his testimony, he mentioned that he and his then law firm colleagues were co-counsel to a small community bank in State National Bank of Big Spring v. Adam White, Research Fellow, Hoover Institution.

Virginia 74

Virginia Community Bank America Policies 74