South State Correspondent

JANUARY 22, 2025

The gen AI consultant can talk intelligently about leadership, bank performance, financial structuring, marketing, lending, legal, compliance, and deposits. The consultant can be effusive, producing a never-ending stream of ideas spanning multiple domains and functions.

How To 195

How To Data Training Tools 195

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Looking back to strengthen your BSA program.

Training 195

Training Compliance Leadership Fraud 195

CFPB Monitor

OCTOBER 11, 2018

In this week’s podcast, Ballard Spahr partners Alan Kaplinsky and Chris Willis examine how the CFPB has changed under the leadership of Acting Director Mick Mulvaney and their expectations for future developments. In the area of enforcement, Alan and Chris discuss the volume and nature of the Bureau’s current enforcement activity.

Leadership 68

Leadership Lending Compliance Operations 68

Jeff For Banks

MARCH 3, 2025

Streamlining Operations Automation: Copilot can draft compliance reports in Word or summarize loan applications in Excel, saving hours weekly. Compliance: It drafts regulatory reports in Word, cutting costs that consume 6-10% of bank revenue (Latinia, 2024). Example: Picture a farmer in McLeod County asking about equipment financing.

Community Bank 74

Community Bank Community Minnesota Security 74

Abrigo

MAY 24, 2024

Compliance measures: Ensuring adherence to Reg CC and FedNow operating procedures. Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution. Transaction management: Procedures for accepting, rejecting, or accepting without posting transactions.

How To 243

How To Fraud Resources Georgia 243

CFPB Monitor

FEBRUARY 8, 2021

The webinar looked at the changes that the CFPB is likely to undergo under the leadership of Messrs. Mr. Cordray expects Mr. Uejio to put the CFPB on a path that is more in line with the agency’s vision for carrying out its mission that prevailed under Mr. Cordray’s leadership.

Leadership 78

Leadership Lending Groups Policies 78

Abrigo

OCTOBER 4, 2016

As the leadership teams at many banks and credit unions perfect plans to grow their loan portfolios, management can depend on several key metrics to measure the effectiveness of their plans and execution. Prior to finalizing marketing strategy, consider which resources are available and the desired timeframe.

Resources 236

Resources Marketing Strategies Strategy Community 236

CFPB Monitor

AUGUST 20, 2019

Brown’s letter came a week after that Court entered an Order continuing the stay of the compliance date, which, as we previously discussed , was entered after the Bureau joined in a status report filed August 2, 2019, stating that the parties “are not requesting that the Court … lift the stay of the compliance date….”.

Compliance 87

Compliance Groups Ohio Texas 87

Insights on Business

OCTOBER 3, 2018

These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information. Regulatory compliance today is a costly and labor-intensive business. Today the process of ensuring compliance is highly manual.

Industry 155

Industry Innovation blockchain Compliance 155

PYMNTS

APRIL 6, 2020

Today, the company continues to operate in compliance with an asset cap imposed by its regulator due to actions of past leadership. While we are actively working to create balance sheet capacity to lend, we are limited in our ongoing ability to use our strong capital and liquidity position to extend additional credit.

Resources 162

Resources Leadership Regulation Compliance 162

PYMNTS

AUGUST 23, 2017

Carnell added, “There are now very positive signs that the Big Four banks are demonstrating industry leadership in embracing best practice.”. It came into effect last November, and it has taken my office and ASIC until now to take them to where they are pretty close to complying with a law that has been in effect for eight months.”.

Compliance 108

Compliance Leadership Fraud Report 108

Gonzobanker

APRIL 8, 2020

If it’s full of industry acronyms, wonky terms or compliance-ese, or if it comes across as a cheesy sales pitch, it needs to be rewritten. The brutal truth is that while banks cannot outsource the leadership of content, they can (and many probably should) outsource aspects of content. Evaluate and improve the messaging.

Leadership 166

Leadership Analytics System Digital Banking 166

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. What a journey in the last year – leadership teams and operations in Ireland, the U.S., Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

Jeff For Banks

DECEMBER 10, 2024

They provide white-label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. It has not been all sunshine and rainbows for TBBK. NasdaqGS: FCNC.A) In 1935, R.P.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

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. The CFPB has previously acknowledged the potential consumer benefits of AI and other technologies.

Compliance 143

Compliance Regulation Leadership Technology 143

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. Don’t get complacent.

Compliance 109

Compliance FDIC Strategy Fintech 109

Bank Innovation

FEBRUARY 8, 2017

Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Yabuki joined Fiserv in 2005. Fiserv also supports this site’s Read More.

San Jose 150

San Jose Innovation Leadership Company 150

Abrigo

JUNE 27, 2024

As part of an anti-money laundering (AML) compliance program, financial institutions must perform transaction monitoring to identify structured cash transactions and other indicators of illegal activity. Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Examples 221

Examples Fraud Report Training 221

Independent Banker

SEPTEMBER 25, 2014

A community bank’s practical guide to compliance cost control. When it comes to reducing compliance costs, recommendations typically fall into complicated territory. Few community banks have the luxury of ripping and replacing their entire compliance management strategy, leaving many executives on the hunt for practical tips.

Community Bank 105

Community Bank Compliance Community Resources 105

CFPB Monitor

DECEMBER 13, 2021

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. Fair lending. Payday lending. Prepaid accounts.

Lending 78

Lending Cards Regulation Payments 78

Abrigo

MARCH 21, 2023

The blue line shows the effective funds rate, or the average rate at which institutions are actually lending and borrowing funds from one another. There are typically two schools of thought around regulatory compliance among financial institutions and their leaders. Specifically, Q1 2022 volume averaged $72.27 billion – a 39.7%

Risk Management 195

Risk Management Management Strategy Lending 195

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

Gonzobanker

OCTOBER 26, 2021

Whatever the good intentions of these new mandates, any new compliance orders require resources, change management, and an understanding of the unintended risks that could arise. It must be what pours out from the culture, the leadership, the brand, and the operations of a modern banking institution.

Leadership 97

Leadership Compliance Strategy Branding 97

Insights on Business

OCTOBER 10, 2017

Here is a preview of our focus at this year’s Sibos: Enterprise blockchain – IBM is leading the advancement of blockchain with many projects under way in financial services including foreign exchange payments netting , private equity administration , securities lending and trade finance.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

CFPB Monitor

AUGUST 7, 2019

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

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. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

OCTOBER 18, 2018

On October 17, the Bureau released its Fall 2018 Rulemaking Agenda , but it included a surprise for those interested in fair lending. prevent the Bureau from applying any different standard for disparate impact retroactively upon a change in leadership at the agency.

Leadership 74

Leadership Lending Regulation Community 74

Independent Banker

JULY 29, 2016

The Compliance Institute, which is six days of classroom instruction, leads to the Certified Community Bank Compliance Officer certification. It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations. Consumer Lending Institute.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

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. Keeping up communication. Pascagoula, Miss.

Community Bank 164

Community Bank Community Texas Leadership 164

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says.

Community Bank 144

Community Bank Community Lending Louisiana 144

CFPB Monitor

SEPTEMBER 11, 2018

The CFPB’s newly-released Summer 2018 edition of Supervisory Highlights represents the CFPB’s first Supervisory Highlights report covering supervisory activities conducted under Acting Director Mick Mulvaney’s leadership. Payday/title lending. Small business lending. On October 10, 2018, from 12 p.m. to 1 p.m. (The

Lending 68

Lending Policies Compliance Cards 68

Independent Banker

JULY 28, 2016

We both believe that empowering the next generation of bank leadership is critical for the future of community banking. Also check out ICBA’s Community Banker University, which offers state-of-the-art courses and certification programs in auditing, compliance, credit and lending, operations, security, technology and more.

Community Bank 70

Community Bank Community Denver Leadership 70

Independent Banker

JANUARY 28, 2016

IB: Describe your compliance officer role at CSB Bank. So to answer the question about my role and duties, I have had the opportunity over the past couple years to be involved in compliance regulations, Bank Secrecy Act, security committee, information technology and many other areas. IB: What’s CSB Bank’s approach to compliance?

Community 70

Community Compliance Community Bank Leadership 70

Gonzobanker

AUGUST 17, 2016

For banking, top business drivers have included customer engagement and innovation, but also just plain old know-your-customer regulatory and compliance expectations. Now, the top challenge organizations face in turning data into an asset is leadership. BI = Leadership Tool. But, let’s face it. Not the case. Lesson learned.

Leadership 60

Leadership Tools Big Data Risk Management 60

CFPB Monitor

OCTOBER 26, 2018

Earlier today, the Bureau of Consumer Financial Protection released a Public Statement Regarding Payday Rule Reconsideration and Delay of Compliance Date. This treatment of card payments can only be ascribed to the hostility to high-rate lending characteristic of the former leadership of the Bureau.

Compliance 60

Compliance Texas Leadership Industry 60

FICO

SEPTEMBER 28, 2020

In 2017, he was named the Head of Enterprise Fraud Management, expanding his responsibilities to include consumer lending fraud, fraud strategies and fraud prevention. A more than 20 years veteran of the industry, Jason previously held various leadership roles across consumer operations, finance and compliance at Bank of America and MBNA.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59