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DOJ settles another redlining case

CFPB Monitor

The Department of Justice (DOJ) announced that it has entered into a settlement with American Bank of Oklahoma (ABOK) to resolve allegations that ABOK engaged in unlawful redlining in Tulsa, Oklahoma. The DOJ opened its investigation of ABOK after receiving a referral from the FDIC.

Tulsa 88
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Top Banking Challenges: Finding Growth in 2021 and Beyond

Abrigo

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Chairman and Co-CEO of First Oklahoma Bank, in a recent interview with TulsaWorld.com. β€œOr Optimize Technology.

Lending 221
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For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

farmers is even more unpredictable than in recent years, so financial institutions will want to keep a close eye on the agricultural sector -- both to protect ag lending portfolios and tap into ag loan growth opportunities. Stay up to date on the farm outlook and ag lending best practices. The economic and financial outlook for U.S.

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How Financial Institutions Focus on Customers Is Key

Abrigo

The session is among several panel discussions and speaker sessions that are part of the Lending + Credit Risk track at the conference, hosted by Abrigo Sept. Stay Up-to-Date On Lending Best Practices. Some financial institutions, such as Vision Bank, have taken steps to speed lending decisions by automating steps of the process.

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FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

The market will be watching closely whether financial institutions (FIs) are able to address some of the biggest headaches from the first round of PPP loans, namely an influx of applications that can overwhelm lenders’ systems. Citizens Bank Of Edmond. Fresno First Bank. Funding Xchange, Experian. In the U.K.,

Fresno 142
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What Is Powering The Emerging Pawnaissance?

PYMNTS

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

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.