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AFC Writes to OCC: Partnerships and Regulatory Clarity Key For Community Banks to Take the Next Step

The Fintech Times

In early May, the OCC issued an RFI on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions. Moloney, SVP and head of policy and regulatory affairs at AFC “The future of community banking depends on access to responsible innovation,” said Ian P.

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Which Fintech Sub-sectors Will Have the Biggest Impact on People’s Financial Well-being in 2025?

The Fintech Times

. “For instance, in Mexico, were working with local fintechs and other organisations including The Peoples Clearinghouse and The Mexican Association of Credit Unions of the Social Sector (AMUCSS) on an initiative that will introduce an interoperable, real-time payment pathway between the US and 140 rural community banks.

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The CRA Wake-Up Call: Why Technology Is Now a Compliance Imperative for Banks

Lending Front

For decades, the Community Reinvestment Act (CRA) has served as a guiding framework to ensure banks meet the credit needs of all segments of their communities particularly low- and moderate-income (LMI) individuals and small businesses. But regulators and the communities banks serve are rapidly raising the bar.

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The Quarterly Review: How Zelle’s GM Denise Leonhard plans on leading the firm to $1 trillion dollars in total transactions

Tearsheet

We aim to be the largest and most secure platform for Americans to send money to people they know and love, and small businesses they trust. Expanding the number of banks on the Zelle network: One specific angle of growth we are prioritizing in 2025 is increasing the number of banks on the Zelle network.

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How Lenders Can Better Support Small Business Growth in their Communities

FICO

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. However, untapped opportunities for growth remain for startups and minority owned businesses as suggested in SBA research.

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The Economy is Rebounding—But Small Businesses Are Still Recovering. Here’s What Community Banks Can Do

Lending Front

But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of course, many firms opted to apply for fully forgivable PPP loans instead of traditional loans, seeing as the second round of PPP had funds earmarked for underserved small businesses. Enter community banks.

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How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?

The Fintech Times

Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks. BaaS means these businesses can focus on what makes them unique and inclusive.”