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.
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
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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.
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.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
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 Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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.
American Banker
DECEMBER 28, 2023
Understanding how a new generation of employees learn and retain information is key to a successful talent development program.
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.
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.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
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.
American Banker
DECEMBER 28, 2023
Credit unions have announced 11 deals for banks so far in 2023, five short of 2022's total.
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.
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.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
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. .
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.
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.
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.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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.
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.
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