3 ways to protect your bank’s customer data Feb 01st 2020 12:02am on Consumer, Focus, Fraud, Regulation & Compliance, Technology 3 ways to protect your bank’s customer data Feb 01st 2020 12:02am on Consumer, Focus, Fraud, Regulation & Compliance, Technology Community banks collect more customer data than ever before. A data security plan will ensure this valuable information is kept safe from hackers. By Mary Thorson Wright It’s a robbery that no security camera, armed guard or time-locked vault can prevent. The perpetrators are hiding behind the computer screen, and their weapons are sophisticated and […]
The regulatory reforms coming up this year Jan 01st 2020 12:01am on Advocacy & Policy, Focus, General, Regulation & Compliance, Regulation / Compliance The pace of regulatory and compliance change isn’t likely to slow down in 2020. Lawmakers, regulators and community bankers are weighing reforms to the CRA, banking marijuana-related businesses and more. By Mary Thorson Wright Ah, 2020. Arduous regulatory upheaval from recent years, like that under the Dodd-Frank Act, Truth in Lending Act (TILA)-Real Estate Settlement […]
Twin City Bank: A leader in banking cannabis Dec 02nd 2019 12:12am on Business, Commercial/Business, Connections, Lending, Regulation & Compliance 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 […]
Looking back at 2019’s compliance changes Dec 02nd 2019 12:12am on Focus, General, Regulation & Compliance This year, community banks saw the full implementation of S.2155, which provided regulatory relief. While a quiet regulatory year, many community banks were busy improving their own compliance programs. By Mary Thorson Wright The regulatory machine stayed relatively quiet in 2019, but community banks kept busy implementing compliance legislation and guidance issued in previous years. […]
WEBINAR: New Expectations for Q Factors with CECL Nov 07th 2019 03:11pm on Deposits, Experts, Regulation & Compliance, Sponsored SPONSORED WEBINAR | In this webinar, presented by PCBB’s Janet Leung, you will gain an understanding of Q Factors with CECL. Learn how they need to be applied; how they vary based on the complexity of a loan portfolio and your chosen model and how different statistical approaches justify qualitative adjustments. In addition, receive insights on the AICPAs recently released guidelines for auditing CECL.
How your bank should handle consumer complaints Nov 01st 2019 12:11am on Consumer, Focus, Regulation & Compliance It’s important for community banks to understand and respond to customer complaints. But what should a complaint program include, and how might complaint data be an opportunity to improve your bank’s level of service? By Mary Thorson Wright The ways that community banks process complaints invites the interest of examiners, and with good reason. Complaints […]
How your bank can stay compliant on social media Oct 01st 2019 12:10am on Focus, General, Regulation & Compliance It’s common for community banks to have a presence on one, two or up to half a dozen social media platforms to engage with customers. But what does being an active social media user mean for community banks from a compliance perspective? By Mary Thorson Wright Merriam-Webster singles out 2004 as a turning point for social […]
The simple genius behind fintechs and how community banks can compete Aug 30th 2019 08:08am on Commercial/Business, Experts, Mobile/Digital, Payments, Technology 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.
7 ways to keep your website ADA compliant Aug 01st 2019 12:08am on Consumer, Focus, Regulation & Compliance Is your community bank’s website accessible to people with disabilities? Here’s how to enhance the online banking experience for all of your customers.
How banks can get audit fundamentals right Aug 01st 2019 12:08am on Focus, General, Regulation & Compliance Sample sizes, audit frequency, scope—take some of the stress out of compliance audits by adhering to audit best practices.
