Finovate

MAY 6, 2024

BaaS-enabled banks have been operating in a regulatory minefield recently. FDIC and CFPB have issued multiple consent orders to banks, citing their BaaS relationships as the cause. Rather, it is intended to be a resource for community banks to consider when managing the risk of third-party relationships.

Regulations 52

Regulations Community Banks FDIC Due Diligence 52

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 months in the first half of 2018, from 5.6

Fed 43

Fed Office of the Comptroller of the Currency Federal Reserve OCC 43

PYMNTS

FEBRUARY 8, 2019

The news comes as five federal agencies spoke in October on how credit unions, as well as community banks, can share resources to make BSA compliance streamlined and bolster AML efforts. FinCEN, NCUA, the Federal Reserve Board, the Federal Deposit Insurance Corp.

BSA 53

BSA Phishing NCUA Credit Union 53