Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

New York 221

New York Compliance Regulation Analysis 221

Chris Skinner

FEBRUARY 28, 2019

One of the things I say fairly often is that the FinTech start-up community is fairly naïve. Not all, but many, do not understand the nuances of finance and why it is regulated the way it is.

Fintech 415

Fintech Community Regulation 415

CFPB Monitor

DECEMBER 5, 2022

Supreme Court as it decides whether to grant the CFPB’s certiorari petition in Community Financial Services Association of America Ltd. In the blog post, Adam shares some of his observations about the CFSA Decision, a decision that he views as raising “the most important administrative-state issues of our time.” . Constitution.

America 78

America Community Regulation Groups 78

Abrigo

JANUARY 30, 2024

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. Network with bankers, auditors, and regulators Networking has always been table stakes to ThinkBIG conference attendees. Don’t take our word for it, though.

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Conference Arizona Phoenix Fraud 195

CFPB Monitor

NOVEMBER 27, 2023

This is our second blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

Community 78

Community Regulation System FDIC 78

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. These are all phrases that resonate with community bankers. Community bankers are not keeping these concerns to themselves. Last month, community bankers from all over the United States asked the Senate for regulatory relief.

Community Bank 191

Community Bank Community Strategy Risk Management 191

PopularBank

OCTOBER 17, 2023

A new Florida condo safety law passed in June 2023 makes some updates to a regulation passed in 2022 for condominium and cooperative buildings. Milestone inspection deadline The new Florida condo safety law extends the initial deadline for milestone inspections for community buildings reaching 30 years old. We’re here to help.

Florida 52

Florida Regulation Community Study 52

Abrigo

APRIL 23, 2015

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. Blog Bank Credit Union' The bill, spearheaded by Senator Joe Donnelly, D-Ind.,

Community Bank 150

Community Bank Community Survey FDIC 150

Abrigo

FEBRUARY 14, 2024

Source: FRED CRE stress testing: Avoid credit losses by examining vulnerabilities Stress testing is integral to managing risks in CRE lending for community financial institutions. Even if an institution doesn’t meet those thresholds for required stress testing, regulators increasingly expect lenders to manage CRE loan portfolios closely.

Risk Management 195

Risk Management Management Lending Capital 195

Abrigo

SEPTEMBER 1, 2021

Barr with the Department of Justice (DOJ) released a report in October of 2020 stating, “The addiction crisis has taken an enormous toll on America’s families and communities, eroding public health, threatening public safety and claiming tens of thousands of lives year after year.” . Read our blog series on the FinCEN's priorities.

Training 195

Training Regulation Community Austin 195

Abrigo

NOVEMBER 3, 2016

Some of the most pressing challenges facing community banks and credit unions in the current banking environment include narrow interest rate margins, increasing pressure from regulators, and competition with “too-big-to-fail” mega-banks.

Community Bank 150

Community Bank Community Lending Risk Management 150

Abrigo

DECEMBER 11, 2014

While the final guidance clearly applies to larger financial institutions, community banks should still take note. ” The section further details this would only occur under extraordinary circumstances, but community banks should be aware of the new framework and even consider applying the guidelines as a proactive, best practice.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 259

Lending Community San Antonio Survey 259

Abrigo

JULY 13, 2023

Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams. The goodwill your institution will gain in the community will be invaluable. Explain the types of fraud schemes circulating. Help them understand cryptocurrency so they don’t fall victim to these scams.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

MARCH 8, 2024

As a financial institution, you are responsible for educating your community and clients on financial patterns and bank wire fraud trends. Ensure all employees are familiar with the processes and protocols and that they follow them every time. Spread the word. Navigate your BSA exam with tips from this on-demand webinar.

Fraud 195

Fraud Technology Trends Training 195

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.

Community Bank 150

Community Bank Community How To Meeting 150

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. It also includes a provision for the GAO to study the regulations on an annual basis.

Community Bank 150

Community Bank Community Compliance Training 150

Chris Skinner

OCTOBER 8, 2018

Another lively discussion followed my meeting with the FinTech communities in Asia. What I mean … The post From sandbox to sandcastle appeared first on Chris Skinner's blog.

Community 401

Community Meeting Fintech Regulation 401

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows. Find out how BAM+ stops fraud scams.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 195

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job." Sound is a $500 million institution.

Community Bank 150

Community Bank Community FDIC Survey 150

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Now—what does RegTech mean? RegTech means… RegTech!

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

I wanted to follow on from my previous blog around the emergence of RegTech (technologies that address the challenge and cost of regulatory compliance.) I wanted to explore how investment trends in this area are impacting the industry and how the ecosystem can work with the regulator. Now—what does RegTech mean? RegTech means… RegTech!

Regulation 150

Regulation Industry Trends Compliance 150

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank. A lengthy report released recently by the U.S.

Regulation 150

Regulation FDIC Survey Community Bank 150

Abrigo

APRIL 10, 2017

Ancin commented that this is consistent with the trend he has seen with his clients either beginning to dip their toes into the MBL market, or other clients that are aggressively competing with community banks on commercial lending. Next, Ancin moved into a discussion of the current regulatory environment around MBL.

Regulation 150

Regulation United States Lending Community Bank 150

Abrigo

OCTOBER 16, 2023

De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities. A gap institution is a financial institution that does not have a federal functioning regulator, such as a state-chartered credit union. FinCEN assessed a $1.5

Training 221

Training Compliance Fraud Policies 221

Abrigo

SEPTEMBER 7, 2023

They can result in sub-optimal lending for community banks and credit unions as well as the communities they serve across the country. This blog post explores examples of five key reports to provide financial institutions with insight into their credit and lending processes and their portfolios. Learn more about Abrigo Connect.

Report 195

Report Lending Trends Data 195

Abrigo

JULY 10, 2023

Your financial institution can help build awareness and encourage best practices for protecting personal information by providing educational materials to your community. You can also proactively prevent fraud losses and protect your community with fraud detection software.

Fraud 150

Fraud How To social media Security 150

Finer Points

NOVEMBER 30, 2015

9 on American Banker’s BankThink blog. The proposal would force community banks, in particular, to completely overhaul their approach to lending. The following op-ed originally appeared Nov. Even some FASB members and more […].

Community Bank 100

Community Bank Community Lending Industry 100

PYMNTS

JANUARY 22, 2021

“Loon has been chasing the hardest problem of all in connectivity — the last billion users,” Loon CEO Alastair Westgarth said in a blog post on Medium. . The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology. Loon was originally part of Alphabet’s X division.

New York 181

New York Regional Community Software 181

Abrigo

OCTOBER 16, 2023

De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities. A gap institution is a financial institution that does not have a federal functioning regulator, such as a state-chartered credit union. FinCEN assessed a $1.5

Training 195

Training Compliance Fraud Policies 195

PopularBank

DECEMBER 7, 2022

Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. Building inspections are required for community buildings in all 67 counties in Florida that are three or more stories in height. Florida’s new condo safety laws at-a-glance. Mandatory building inspections. banks by assets.

Community 52

Community Florida Study ATM 52

Abrigo

OCTOBER 6, 2017

On September 27, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency released a Community Bank Summary entitled Proposed Simplification to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996.

Regulation 150

Regulation Risk Management Community Bank Community 150

Abrigo

JUNE 23, 2020

Learn from your peers and hear what problems they are dealing with in our Abrigo Community, exclusive to our customers. Community financial institutions are often tasked with doing more with less. The ADC is a highly resilient environment with risk monitoring levels not currently sustainable by typical community financial institutions.

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Software Community Fraud Resources 195