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Posts in category "Performance Management"

03/16/2017

Bankers Respond with Optimism to Trump-fueled Uncertainty

Review and possibly repeal Dodd-Frank. Reinstate Glass-Steagall. Defang the Consumer Financial Protection Bureau. Review, revise and possibly abandon global trade agreements with an eye to retrenching U.S. interests. Since the inauguration, headline after headline has provided clues, hints, insights and speculation as to the Trump Administration’s next move regarding the banking industry. Whatever your political…

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03/09/2017

Why the CFPB Thinks Your Data Stinks, and What You Must Do About It

How good is the data your financial institution shares with consumer reporting agencies — the same data other FIs may rely on when deciding whether to approve or decline consumers’ applications for second-chance checking accounts? Not good enough, according to the Consumer Financial Protection Bureau. Earlier in 2016, the CFPB sent out a compliance bulletin…

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02/22/2017

Efficiency, Cost Savings and Technology Are Top Priorities for Community FIs in 2017

We’re well into the first quarter of 2017, and there’s no question big changes are in store for the banking industry. With the new administration looking to ease the regulatory burden on the industry, community financial institutions are realigning their priorities — and shifting their focus inward. Our upcoming webinar with Ron Shevlin of Cornerstone…

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02/01/2017

Customer Focus is the Key to a Successful, Ethical Sales Culture

Two million bogus accounts, 5,300 fired employees, over half a million faked credit card applications, $185 million in fines from the Consumer Financial Protection Bureau, a $5 million restitution tab, a CEO resignation and projected business losses that total in the hundreds of billions of dollars for years to come — a scandal the scope…

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01/25/2017

How Community Banks Can Up Their Lending Game Against Marketplace Lenders

While finding a niche market can be a revenue boon for a small bank, consumer lending has long been the bread and butter of most community banks. Selling mortgages, auto loans, credit cards and other consumer products is a natural fit for smaller financial institutions that emphasize the importance of personalized bank-customer relationships in a…

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01/18/2017

3 tips for Competing With Mega-Banks for Millennial Business

Millennials are the most educated generation ever, the largest segment of the American workforce, and many are starting to attain important financial milestones in their personal and professional lives. There’s no question, Generation Y represents the single most important demographic for the future of the banking industry. But how bright will that future be? Will…

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12/14/2016

Growth for Small Bank All Stars Driven By Acquisitions and Niches

Community banks are critical players in the country’s overall financial well-being. They fund more than half of all small business loans, make 90 percent of all agricultural loans and bring much-needed financial services to even the most rural and remote areas of the country, according to Independent Community Bankers of America. The success of community banks…

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