Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. Here are the top resources. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Watch NOW Takeaway 1 Abrigo's experts produced pieces on asset/liability management (ALM) and portfolio risk that covered strategies and tools to help risk management and accounting pr

Resources 221

Resources Risk Management eBook Strategy 221

Perficient

DECEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) has narrowed its focus on what it terms “junk fees” targeting financial industry practices. Understanding the CFPB’s recurrent theme and deciphering its message from the recent press releases provides insights into potential enforcement actions over the next 12-24 months and how banks can reassess their current fee structures.

Compliance 221

Compliance Regional Industry Leadership 221

CFPB Monitor

DECEMBER 28, 2023

Several financial services trade associations wrote to CFPB Director Rohit Chopra voicing their concerns with the Advisory Opinion regarding Section 1034(c) of the Consumer Financial Protection Act. The trade associations include the American Financial Services Association, the Bank Policy Institute, the Consumer Bankers Association, and the U.S. Chamber of Commerce.

Policies 158

Policies 158

Jack Henry

DECEMBER 28, 2023

Best-Case, Worst-Case, Most Likely Case, or All of the Above If you’re in the midst of building or have recently finalized your 2024 budget, you likely have a few remaining questions, doubts, and concerns.

Operations 88

Operations Management 88

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Groups

American Banker

DECEMBER 28, 2023

Credit unions have announced 11 deals for banks so far in 2023, five short of 2022's total.

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American Banker

DECEMBER 28, 2023

Understanding how a new generation of employees learn and retain information is key to a successful talent development program.

Training 78

Training Technology 78

CFPB Monitor

DECEMBER 28, 2023

On October 24, 2023, the OCC, FDIC and Board of Governors of the Federal Reserve System jointly adopted final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA). In this episode, which repurposes a webinar, we are joined by guest speaker Kenneth H. Thomas, Ph.D., Founder/CEO of Community Development Fund Advisors. .

Community 78

Community FDIC Regulation System 78

American Banker

DECEMBER 28, 2023

The number of businesses shifting to an employee ownership model has ballooned in recent years, and experts say that trend is likely to accelerate. That could have important implications for banks aiding that transition and for the future of small business lending.

Lending 65

Lending Trends Compliance Regulation 65

Jeff For Banks

DECEMBER 28, 2023

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. Here is what The Kafafian Group does: Performance Measurement - We measure a financial institution's line of business and product profitability on an outsourced basis.

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Groups Capital US Community 64

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Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Analysis

American Banker

DECEMBER 28, 2023

2023 saw a recovery in ridership and signs of progress for contactless boarding. But there's still lots of work to do.

Payments 62

Payments Mobile 62

The Financial Brand

DECEMBER 28, 2023

This article Trends 2024: Banks Must Rethink Employee Comp and Benefits appeared first on The Financial Brand. In a tight labor market, bank employees who feel underpaid or undersupported can — and will vote — with their feet. This article Trends 2024: Banks Must Rethink Employee Comp and Benefits appeared first on The Financial Brand.

Trends 33

Trends Branding Marketing 33

American Banker

DECEMBER 28, 2023

Banking groups endorse the proposed Fair Audits and Inspections for Regulators (FAIR) Exams Act, which calls for enhanced regulator transparency.

Regulation 48

Regulation Groups Policies Compliance 48

The Financial Brand

DECEMBER 28, 2023

This article In 2024, Gen Z Will Get Its Money Advice from TikTok. Should Banks Jump into the Conversation? appeared first on The Financial Brand. More than two-thirds of Gen Z say they've made purchase decisions based on TikTok content – and financial products and services will be no exception in 2024. This article In 2024, Gen Z Will Get Its Money Advice from TikTok.

Branding 23

Branding social media Millennials Trends 23

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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.

Lending

American Banker

DECEMBER 28, 2023

Heading into the year, U.S. banks were facing pressure to pay higher rates to their depositors. But they could not have anticipated just how important deposits would soon become.

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BankInovation

DECEMBER 28, 2023

The Federal Reserve tightened monetary policy to rein in inflation, spurring banking mergers and acquisitions throughout the year. As the industry grappled with the rise of the Federal Funds Rate from 0.25% at the beginning of 2022 to 5.

Policies 77

Policies Industry Retail 77

American Banker

DECEMBER 28, 2023

At the end of last year, we identified 23 people we thought would be banking changemakers in 2023. Were they? Here's a look back at what happened to each CEO, regulator, official, fintech executive, and expert on the list.

Regulation 42

Regulation Fintech Industry Compliance 42

CFPB Monitor

DECEMBER 28, 2023

The scope of national bank preemption is currently before the U.S. Supreme Court in Cantero v. Bank of America, N.A. A New York statute requires the payment of interest on mortgage escrow accounts and the question before the Supreme Court is whether the National Bank Act (NBA) preempts application of the New York statute to national banks. .

New York 78

New York National America Payments 78

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Capital

American Banker

DECEMBER 28, 2023

While much of the attention in next year's election is on the top of the ticket, there are several other important races in 2024 that banks need to keep on their radar.

Policies 41

Policies Compliance Regulation 41

American Banker

DECEMBER 28, 2023

Though new bank formation slowed somewhat in 2023, with only five de novos opening, the stage appears set for a more active year in 2024 with a number of groups working toward a charter.

Groups 36

Groups FDIC Community Bank Industry 36