American Banker

In November's roundup of banking news, we explore critical issues affecting the industry, such as the challenges facing USAA's reputation and the ongoing actions of the Consumer Financial Protection Bureau amid its uncertainties. Additionally, we delve into predictions about President-elect Donald Trump's potential impact on banking. Discover these insights and more in our detailed analysis of the month's top banking stories. #bankingindustry

“Too big to fail” banking giants like to masquerade as community banks when it suits their purposes, but they will never be able to replace real, local bankers with deep ties to their customers, writes Independent Community Bankers of American Chairman Lucas White, in American Banker’s BankThink.https://bit.ly/4fCR9yV

The top five community banks have an average return on average assets of 6.27% through June 30. Read the rankings for more about the performance and growth of the top 20. https://bit.ly/4eTUh8A #banking

Why JPMorgan and Mastercard are targeting small businesses; 'human crimes is a blind spot': How banks can nab felons; community banks are struggling to expand loan portfolios; and more in today's newsletter.

"As fraud investigators, our biggest challenge is dealing with authorized activity from scam victims who have been targeted, lied to and manipulated by scammers," said Jen Lamont, BSA and fraud manager at America's Credit Union. https://bit.ly/4fNwc4y

The National Credit Union Administration lacks the authority to regulate third-party vendors that supply vital services to the industry. This creates a major risk to credit union customers and the broader U.S. economy, writes NCUA Chairman Todd M. Harper in American Banker’s BankThink.https://bit.ly/3CEjMNt

How Citi, BNP Paribas and Schwab migrated to T+1 securities settlement; what banks need to know as QR code payments gain steam in the U.S.; cyberattacks likely to increase during holidays; and more in today's newsletter.

Just released – American Banker’s 2024 Small Business Banking research which identifies the four key pillars that drive trust for small business clients and offers banks guidance on how to build a trust action plan. Additional topics within the report include: - Areas where banks appear to be overestimating their effectiveness - The types of partners small businesses rely on to meet their business needs - How small business owners view the importance of integrated, value-added services Download the full report for additional insights. https://bit.ly/4icU5UK

Natural disasters are becoming more frequent and more severe, and victims will always require support from their banks. A plan for delivering that support needs to be in place before disaster strikes, writes Rochelle Gorey, of SpringFour, in American Banker’s BankThink.https://bit.ly/418Hmwh

Luminate Bank, Friend Bank, TransPecos Banks, First Credit Bank and Feliciana Bank & Trust Company are among the community banks with the highest returns on average assets at the end of June. Check out the rankings to see how the leaders fared. https://bit.ly/4eTUh8A #banking