BankThink

There are millions of businesses deserving of loans that banks using traditional data resources might overlook due to their thin credit histories.

Campaign season is in full swing, and even those lawmakers not up for re-election will be spending more time in their home districts, giving CUs more opportunities to meet with their elected officials.

Compared to other countries with fewer banks, the faster payments initiative in the U.S. will require a far greater level of collaboration and participation.

Investors Worry About Bank 'Bail-In' Plans; Higher Capital Requirements?

The world of global payments is evolving rapidly – driven by an increasingly global economy, expanding consumer buying power in Asia and South America, rising adoption of digital payment methods, and increasing concerns over security and transparency.

Lawmakers' move to cap the Federal Reserve's capital surplus to help pay for highway improvements made the central bank one of the least capitalized financial institutions in the country.

Lawmakers opted for broadening the focus and makeup of the Financial Stability Oversight Council, but a more focused systemic risk regulator would have had a better chance of success.

Boomers' Booming Debt; IBM Jumps on Blockchain Bandwagon

In comparison to the countries that have already implemented faster payments, the U.S. market contains a far larger and more diverse array of financial institutions that would have to implement the system in order for ubiquity to be achieved.

Community bank executives need to focus on these three areas in order to embrace change and cater to younger, tech-savvy customers.