Perficient

DECEMBER 27, 2023

This blog post was co-authored by: Connor Opalka Bank Compliance Executives can rest easier at night knowing they receive insights from Perficient’s Financial Services Risk and Regulatory Center of Excellence (CoE). In this article, we highlight the key emerging industry compliance risks as they were outlined by the Office of the Comptroller of the Currency’s (OCC) National Risk Committee in their recently released Semiannual Risk Perspective.

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CFPB Monitor

DECEMBER 27, 2023

The CFPB and Justice Department filed a joint complaint last week in a Texas federal district court against Colony Ridge Development, LLC and three related entities (collectively, “Colony Ridge”) in which the agencies allege that Colony Ridge engaged in discriminatory targeting of Hispanic consumers with predatory financing and other unlawful conduct. .

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TheGuardian

DECEMBER 27, 2023

We celebrate the companies that went the extra mile … to inflate their balance sheets and let down loyal customers These are troubling times for big business. Traders, fighting for survival, need to focus on money. They absolutely do not have the time and resources to hand-hold unreasonable customers who insist on receiving goods and services in return for their outlay.

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Realwired Appraisal Management Blog

DECEMBER 27, 2023

Commercial appraisals in your bank have some AI content. Some Chief Appraisers have changed their engagement letters to mandate reports to disclose AI-generated content. That makes sense since AI hallucinations are hard to spot. Especially since AI confidently states things that are otherwise fantasy.

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American Banker

DECEMBER 27, 2023

Banks cannot shrug off the impact of sudden account closures as inevitable collateral damage involved in fighting money laundering.

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American Banker

DECEMBER 27, 2023

Readers clicked most on stories about what companies like Ally Bank and JPMorgan Chase are doing with artificial intelligence.

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The Financial Brand

DECEMBER 27, 2023

This article Trends 2024: Bank Spending on RegTech Will Reach New Heights in 2024 appeared first on The Financial Brand. While overall bank tech spending remains flat, intensifying focus on security and fraud means that regtech will demand an ever bigger piece of the pie. This article Trends 2024: Bank Spending on RegTech Will Reach New Heights in 2024 appeared first on The Financial Brand.

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American Banker

DECEMBER 27, 2023

India softens stance on payment regs; a Dutch neobank turns to gen AI; and more.

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The Financial Brand

DECEMBER 27, 2023

This article Trends 2024: Four Banking Growth Strategies for a Challenging Year appeared first on The Financial Brand. Beset by threats on all sides, banks and credit unions need to focus their efforts in 2024 on a short list of priorities. This article Trends 2024: Four Banking Growth Strategies for a Challenging Year appeared first on The Financial Brand.

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American Banker

DECEMBER 27, 2023

The Consumer Financial Protection Bureau will take a bite out of bank profits in 2024 by issuing final rules on overdraft and credit card late fees, among other major rulemakings.

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The Emmerich Group

DECEMBER 27, 2023

There was a day, back when I started as a commercial and agricultural lender, that we did everything. We did the channel checks, we did the credit analyst work, we did the business development, and we did the account management. We did it all, and we collected the loans. Those days are over, and now Continue Reading The post How Most Banks Get Team Selling All Wrong [VIDEO] appeared first on Emmerich Financial.

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American Banker

DECEMBER 27, 2023

Overall merger-and-acquisition activity proved modest across the banking sector, but several prominent deals were reached. Read on for details of the year's biggest transactions.

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The Financial Brand

DECEMBER 27, 2023

This article Five of the Best: BNPL Exploded in 2023, With More to Come in 2024 appeared first on The Financial Brand. Buy now, pay later hit banking hard in 2023, and its influence will only grow in 2024. Check out our top five stories on BNPL this year. This article Five of the Best: BNPL Exploded in 2023, With More to Come in 2024 appeared first on The Financial Brand.

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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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American Banker

DECEMBER 27, 2023

Executives at America's largest banks are making rosier predictions about the financial health of U.S. households than they were a year ago, when their forecasts proved to be overly pessimistic.

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American Banker

DECEMBER 27, 2023

EWA programs are not loans, no matter how loudly critics insist that they are. They provide a vital source of liquidity to hardworking families.

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American Banker

DECEMBER 27, 2023

After a year marred by the biggest US bank failures since the 2008 financial crisis, the nation's largest lender is on familiar footing — scooping up a rival, reeling in its clients and minting record profits along the way.

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American Banker

DECEMBER 27, 2023

Citizens Bank's SVP and director of secondary and capital markets reflects on what her experience with past cycles suggests about where this one may be headed.

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