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CRE risk management: Navigating hazards and opportunities

Abrigo

Use portfolio risk management tools, which make it easier to continue supporting local and national economies prudently. Certainly, one asset class, the regional mall, is quite dead,” Kirby said. Deferred maintenance and missed tax payments are other red flags for financial institutions to monitor. The impact is not consistent.”

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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. October 26 is now nationally recognized as BSA/AML Day.) After a few years of court battles over specific privacy laws, the Currency Transaction Report (CTR) became mandated by the BSA in 1976.

Training 195
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CFPB looks at connection between financial assistance for medical care and medical collections

CFPB Monitor

I n a blog post published last week , the CFPB looked at the connection between eligibility for financial assistance under policies mandated by the Affordable Care Act (ACA) and medical collections. The ACA requires nonprofit hospitals to establish financial assistance policies for consumers who are unable to pay for their medical expenses.

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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. I'm not making this up.

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The link between mortgage debt servicing burdens and arrears: is there a critical threshold?

BankUnderground

This blog shows that households which spend a larger share of their income on mortgage payments are at a higher risk of being in arrears. It is calculated by taking a household’s mortgage payments (including interest and principal) and dividing them by their pre-tax income. The most common one is the gross debt-servicing ratio (DSR).

Survey 55
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Profits in a time of inflation: what do company accounts say in the UK and euro area?

BankUnderground

The profit measure we use is earnings before interest and taxes (EBIT), which is a standard accounting measure. This measure naturally avoids some of the issues that distort the national accounting data, such as the inclusion of non-market income, tax and self-employment or mixed income. Dotted line is a linear trend.

Company 108
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10 Twitter accounts every accountant should follow

Abrigo

8) @nysscpa – New York is the financial hub of the country, so it’s no surprise that the New York State Society of CPAs is one of the largest and most influential state accounting associations in the nation. Follow Kelly for all things tax-related. -with his Twitter followers (a number that now exceeds 11 thousand).