Starting in 2024, banks will be required to collect beneficial ownership information on accounts they maintain. Here’s what’s changing and what it means for community banks.
2022 regulatory compliance review
While the creation of new compliance regulations was slow this year compared with years past, some regulations were implemented as expected, and some continue to evolve.
Tips for a successful PPP audit
Many community banks embraced the Paycheck Protection Program, building new relationships and deepening existing ones. While the onus of forgiveness is on the borrowers, PPP lenders need to be prepared for the program’s unique auditing challenges.
What commercial lenders can learn from consumer loans
Making sure your community bank’s commercial loans are compliant may mean borrowing strategies from the world of consumer loans.
3 ways to improve your customers’ overdraft experience
SPONSORED | Make sure your customers have a 5 star overdraft experience.
Customers shouldn’t have to worry about whether their transaction will be covered. A reliable overdraft service should be easy to understand and easy to access. Here are 3 ways to ensure successful outcomes and improve overall growth for your bank.
Twin City Bank: A leader in banking cannabis
Twin City Bank in Longview, Wash., has been serving marijuana-related businesses for more than five years, making it a veteran in such a new—and quickly growing—industry. By Katie Kuehner-Hebert Name: Twin City Bank Assets: $58 million Location: Longview, Wash. Twin City Bank in Longview, Wash., has been banking marijuana-related businesses (MRBs), also referred to as cannabis-related […]
The simple genius behind fintechs and how community banks can compete
SPONSORED | As fintechs continue to expand their influence and increase market share, innovation is not just a path to success – it’s a survival mechanism.
The sixth C of credit: compliance
To boost their community bank’s compliance efforts and build trust with their regulator, loan officers may find it helpful to think about their next loan like an examiner would.
Dodd-Frank changes are easing mortgage lender headaches
For eight years, provisions of the Dodd-Frank Act have made offering home mortgages more difficult and time-consuming. But those rules are changing, creating more opportunity and competition for community banks in the mortgage market.
How blockchain could help keep you compliant
Nascent blockchain technology could have a profound impact on how your community bank manages growing regulatory compliance demands.