Brent Beardall

TransUnion just released data showing that fintech unsecured personal loan originations continue to surge. In May, originations were up more than 25% YoY for all credit risk tiers. Subprime originations grew even faster, nearing 80% YoY growth. At Cross River, we partner with leading fintech lenders—including Affirm, Best Egg, Upgrade, Inc., and Upstart—playing a key role in driving this growth by providing capital markets capabilities from origination through securitization. https://lnkd.in/evdP6TrA

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***Grossly Underdiscussed CECL Challenges**** Now that most community banks have eight to ten quarters of CECL experience under their belts, many are still grappling with foundational issues such as overreliance on qualitative factors, lack of responsiveness to risk rating changes, and opaque “black box” models that defy intuitive understanding. But beyond these basics lie deeper, more nuanced challenges that are rarely discussed. Unfortunately, many commonly used software-as-a-service (SaaS) solutions especially those built on “one-size-fits-all” frameworks struggle to address these complexities. Here are several underappreciated issues that deserve greater attention: https://lnkd.in/esbHZ2kW

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Philanthropy isn’t just about funding programs—it’s about investing in bold thinking, supporting risk-takers, and creating space for new voices.   As a member of the Forbes Nonprofit Council, I had the opportunity to share my perspective on how philanthropy can and should power the marketplace of ideas. Here are five impactful ways I’ve seen philanthropy drive innovation and meaningful change:   1-Funding early-stage ideas  2-Supporting long-term solutions  3-Amplifying voices and perspectives from grassroots organizations 4-Building trust with partners through transparent communications 5-Investing in bold forward-thinking actions   Check out the full article here: https://lnkd.in/eNiNd_aD  

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Big 3 Observation #2: Why the Future of Banking Depends on Who We’re Willing to Trust In conversations with bank CEOs and through two decades in this industry, a recurring concern continues to surface: The concern is that the next leader may disrupt value, lacks readiness, or simply won’t lead with the same conviction as those before them. At the heart of this truth: Too often, leaders see succession as failure, not success. That mindset carries real consequences: 🔹 It stalls talent development 🔹 It weakens organizational continuity 🔹 It accelerates M&A, as boards and CEOs decide the safest path to maximize shareholder value is to sell, rather than risk a handoff they don’t fully trust Succession planning, or the absence of it, isn’t a fully systemic issue, but it’s getting close. Its impact is becoming more visible across the industry. To the banks that have planned well, developed future leaders, and effectuated successful transitions, you deserve to be applauded. Your intentionality reflects the kind of leadership this industry needs. Strong organizations aren’t built on hesitation. They’re built on development. Leadership isn’t a trait, it’s a muscle. And when you invest in it early, people rise. Because succession isn’t just about titles. It’s about trust. It’s about readiness. And it’s about the long-term health of the mission. The future doesn’t arrive ready-made. You build it, by investing in the people who will lead it. Let’s build Future leaders. #LeadershipDevelopment #SuccessionPlanning #CommunityBanking

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