A white paper on the challenges facing commercial real estate published this spring by McKinsey & Company argues that the imperative to physically distance from our workplace colleagues due to the coronavirus has changed the demand for many types of space, creating an “unprecedented crisis for the real estate industry.” [Continue]
The increased use of digital banking tools spurred by the social distancing regulations and closing of branches during the coronavirus pandemic creates greater opportunity for hackers — and they are increasingly targeting online and mobile channels to carry out various forms of identity fraud. [Continue]
Keith Leggett, former ABA economist and author of the popular “Credit Union Watch” blog, weighs in on achieving tax parity, what banks can learn from credit unions about grassroots mobilization, and why he shut down his blog after more than a decade. [Continue]
On the surface it may seem like employees are making excuses to avoid tackling projects but more likely there are a few roadblocks in the way that need to be addressed. It is important to dig for root causes by bringing your team members into the discussion. [Continue]
Fraud trends are ever-growing and ever-changing. Just when we have a handle on a current trend, a new one emerges. It’s important to be as vigilant as possible in identifying new trends, while at the same time not impacting your cardholders’ valid purchases. [Continue]
Heightened regulatory expectations around cybersecurity, pandemic planning and business continuity are driving IT matters from banks’ back rooms to their board rooms. In our day-to-day business, we interact with a lot of bank examiners — both assisting client banks across the United States and on our own behalf as a regulated technology service provider to financial institutions. [Continue]
The FDIC has launched a competition to create a next-generation data gathering system for the banks it supervises. Some two dozen companies are participating in the effort to create tools that will make data collection more comprehensive, more timely and less burdensome. FDIC Chair Jelena McWilliams told the Wall Street Journal she’d like the system to be so robust that it eventually replaces the call report. [Continue]
The Paycheck Protection Program established as part of the CARES Act provides that the Small Business Administration pay processing fees of up to 5 percent to lenders based on the volume of the PPP loans disbursed. Until recently, however, the SBA has remained silent on further guidance, leaving many questions regarding the reporting requirements, fee recognition and timing of receipt of the processing fee unanswered. [Continue]
Cities and counties now budget for huge payouts to cover police misconduct. If you don’t think police brutality affects you, your time has come. [Continue]
Wisconsin’s TJ Minnehan, a 2020 Rising Stars in Banking honoree, contrasts his experience working at both a big bank and a community bank, describes the reservoir of mentor relationships he’s built and considers CRE demand amid economic uncertainty. [Continue]