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]
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]
Specific to lending, numerous reports show that small, Black-owned businesses were largely shut out of the Paycheck Protection Program. The unfortunate fallout over PPP lending provides a recent example of the economic inequity too often experienced by African-Americans. Now legislators and organizations are pushing for set-asides in potential future funding rounds to ensure minority entrepreneurs gain access to PPP funds that were intended for all entrepreneurs in the first place. [Continue]
In the mad rush to make workplaces remote, not to mention daily life, most of us fumbled our way through learning how to Zoom. Or, we quickly learned Google Meet or GoToMeeting. All of these platforms offer essentially the same service. But are they secure enough for bankers to discuss sensitive topics like home mortgages and wealth management with their customers? [Continue]
Chris Lee, a 2020 Rising Stars in Banking honoree, shares the life lessons he learned from a serious health scare, what he learned from starting in accounting, and how to build a strong career in banking. [Continue]
Heather Malcolm, a 2020 Rising Stars in Banking honoree, describes her work promoting the ag industry with the American Bankers Association, how technology has or hasn’t changed how rural banking, what it’s like being a young, female ag loan officer in a field where the default is old and male, and the current state of the ag industry. [Continue]
Curtis Carpenter, a veteran investment banker, has joined Hovde Group, a full service investment bank and broker dealer. On July 1, Carpenter became senior managing director of Hovde Group’s depository practice. Previously, Carpenter worked at Sheshunoff & Co. Carpenter will be based in Hovde’s Austin, Texas, office and will be responsible for providing investment banking … Read more