Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Abrigo will add functionality to our commercial loan origination system to support upcoming compliance requirements once the final decisions have been made on the CFPB side.

Data 195

Data Lending Compliance Resources 195

Abrigo

MAY 24, 2024

The FedNow Service enables community financial institutions to stay competitive by meeting instant payment demands. Resources like this webinar, "Embracing FedNow," offer valuable insights on FedNow's AML and fraud implications, as well as best practices for employee training, customer education, and infrastructure reviews.

How To 243

How To Fraud Resources Georgia 243

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

SEPTEMBER 7, 2023

Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. You might also like this on-demand webinar, "Identifying emerging CRE risks." help financial institutions adapt quickly to trends.

Report 195

Report Lending Trends Data 195

Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Perhaps executives think delaying or cutting spending on technology to make lending more efficient will affect only their staff.

Technology 195

Technology Lending Community Software 195

Abrigo

DECEMBER 22, 2023

You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Effective CECL model validation: A framework During a 2023 Abrigo webinar, about two-thirds of participants said their financial institutions had a model risk management process in place, as well as an inventory of models.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

JULY 5, 2022

In response to a request from three Democratic House members, the GAO recently issued a report on its review of fair lending oversight conducted by the Office of the Comptroller of the Currency. These changes contributed to fewer annual fair lending examinations and deficiency findings leading to matters requiring attention at smaller banks.

Lending 78

Lending Report Policies Handbook 78

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. How banks and credit unions use genAI today Short supporting copy.

Examples 221

Examples Fraud Resources Risk Management 221

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

Abrigo

JANUARY 17, 2024

You might like this upcoming webinar, " Unveiling human trafficking: Perspectives, realities, and strategies." Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. Know the red flags to watch for. and worldwide.

Training 259

Training Community Software Texas 259

Abrigo

NOVEMBER 15, 2019

Key Takeaways Effective credit risk review promotes lending agility. Effective credit risk review promotes lending agility. A strong loan review function is especially important for helping financial institutions be nimble, he explained during the recent webinar “ Best Practices for Credit Analysts.”

System 150

System Lending Compliance Risk Management 150

Abrigo

APRIL 7, 2022

Experts answer CECL questions from 2023 adopters Participants in Abrigo's CECL Kickstart webinars asked consultants their questions leading up to the 2023 CECL implementation date. Takeaway 1 Financial institutions brought practical questions to Abrigo consultants during the CECL Kickstart webinar. . Models for Success.

Policies 195

Policies Data Examples Lending 195

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress.

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

APRIL 7, 2022

You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings. Proactive Planning. Get organized.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

JUNE 18, 2020

15 due to compliance with specific health and safety requirements as outlined in the PPP Flexibility Act. CRE Lending. Lending & Credit Risk. SBA Lending. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies. CRE Lending. Lending & Credit Risk. CRE Lending.

Lending 293

Lending Strategy Risk Management Compliance 293

CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. Mortgage Target Pricing.

Compliance 68

Compliance Risk Management Lending Training 68

Abrigo

DECEMBER 16, 2019

During a recent webinar hosted by the American Bankers Association, an executive with an SEC filer under a 2020 CECL implementation deadline provided first-hand advice on the challenges and progress related to CECL adoption. During the webinar, Felicity Ours, CPA, CRC, of Summit Financial Group (NASDAQ: SMMF), a $2.2 Get started.

West Virginia 195

West Virginia Virginia Data Community 195

CFPB Monitor

MAY 7, 2020

The CFPB’s annual fair lending report covering its 2019 activities is scheduled to be published in tomorrow’s Federal Register. The Bureau states that an area of innovation that it is monitoring for fair lending and credit access issues is “artificial intelligence (AI), and more specifically, machine learning (ML), a subset of AI.”

Lending 78

Lending Report FDIC Policies 78

Abrigo

APRIL 8, 2020

Provide a BSA refresher course to your lending staff. BSA compliance remains crucial to protecting financial system. Key Takeaways BSA requirements still apply to Paycheck Protection Program loans. While these loans are 100% guaranteed by the SBA, fraud is still a concern.

Compliance 195

Compliance Lending Fraud Community 195

Abrigo

JUNE 5, 2023

You might also like this webinar: "Identifying emerging CRE credit risk red flags" WATCH Takeaway 1 Financial institutions face increased scrutiny over their risk management following recent bank failures. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

Report 195

Report Risk Management Capital Data 195

Abrigo

JUNE 4, 2020

15 due to compliance with requirements or guidance from the U.S. Lending & Credit Risk. SBA Lending. CRE Lending. Lending & Credit Risk. 5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty. CRE Lending. Lending & Credit Risk. Credit Risk Management.

Lending 195

Lending Risk Management Management Community 195

CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). ET, Ballard Spahr will hold a webinar, “The FDIC’s and OCC’s Proposed CRA Reform: What You Need to Know.” On January 29, 2020, from 12 p.m. ” Click here to register.

FDIC 78

FDIC Regulation Community Retail 78

CFPB Monitor

FEBRUARY 23, 2022

Although SPCPs have been available under the ECOA and Regulation B for over 45 years, until the CFPB issued its Advisory Opinion in December 2020, financial institutions were historically reluctant to use SPCPs because of regulatory uncertainty concerning compliance and the potential for examination criticism.

Regulation 78

Regulation Lending FDIC Compliance 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.

Regulation 150

Regulation FDIC Survey Community Bank 150

Abrigo

OCTOBER 2, 2014

To help banks understand the requirements and associated impacts, Sageworks partnered with Crowe Horwath to lead an informative webinar later this month on preparing for Basel III. It is also important to note that disclosure starts January 1, 2015, which is also considered the compliance deadline for community banks.

How To 236

How To Capital Community Bank Maine 236

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. If you’re a small institution that only did PPP lending to your existing customers and decided not to do a lookback based on a risk-based approach, document that in your policies and procedures , ” said Luttrell. SBA Lending.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

FEBRUARY 5, 2021

You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". Andy Snow, Senior Vice President of Customer Success for Abrigo, a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions to community financial institutions, said some lenders have been very frustrated.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. If you’re a small institution that only did PPP lending to your existing customers and decided not to do a lookback based on a risk-based approach, document that in your policies and procedures , ” said Luttrell. Card Fraud.

Fraud 195

Fraud Trends Compliance Technology 195

FICO

NOVEMBER 29, 2018

The programs and NAGGL event attract mostly community banks and credit unions across the US because the SBA is known for connecting businesses with their local providers. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth. Or visit our website.

Community 67

Community Community Bank Policies Leadership 67

Abrigo

APRIL 14, 2020

This flow of repayments is the major source of “liquidity” in the community banking system. Be sure to keep a close eye on any internal concentration or liquidity policy limits that restrict usage to a specified level and report how the execution of the plan will manage compliance and ultimately the repayment of these funds.

Community 195

Community Lending Meeting Marketing 195

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. keep me informed.

Survey 195

Survey Software Resources Meeting 195

CFPB Monitor

JULY 27, 2016

Department of Justice of charges that the bank’s mortgage lending practices violated the Equal Credit Opportunity Act and Fair Housing Act by redlining majority-minority neighborhoods in the Memphis MSA and illegally discriminating against African Americans in the underwriting and pricing of certain mortgage loans. ”

Memphis 60

Memphis Policies Lending Compliance 60

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70