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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. trillion between 2019 and 2022. The market surged to as high as $2.4

Lending 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. trillion between 2019 and 2022. The market surged to as high as $2.4

Lending 244
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How Are PPP Loans Forgiven? What We Know Now

Abrigo

It says forgiveness will be reduced if full-time employee headcount is reduced and if salaries and wages are reduced by more than 25% for any employee that made less than $100,000 annualized in 2019. 15 through June 30, 2019, or b) Jan. 15 through June 30, 2019, or b) Jan. 15-April 26, 2020. 1 through Feb. 1 through Feb.

Taxes 195
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Elder Abuse Awareness Day 2022: Red Flags for BSA/AML Staff

Abrigo

Elder abuse and elder financial exploitation (EFE) are growing concerns in our families and communities, especially as the baby boomer generation hits their senior years. billion in 2019. Prize/Lottery Scammers coerce their victims to send an "import tax" or "fee" to receive the money they supposedly won in a lottery. .

Training 195
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Trade Disputes, Fraud Aren’t Treasurers Biggest Concerns

PYMNTS

Unfortunately, the report found, recent tax reform in the U.S. has only had a minimal impact on the corporate community. tax reform to provide a significant benefit, nearly half said in 2019 that there has been no significant impact on their companies at all.

Fraud 115
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Formula for Business Lending Success: Minimize Delays

Abrigo

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. 21, 2019 – Jan.

Lending 243
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FinCEN’s AML/CFT Priorities: A risk assessment perspective

Abrigo

intelligence community clarify who is considered a domestic or foreign terrorist and provide activity patterns to add to banks’ monitoring systems and manual reviews of transactions. The most common types of fraud include bank fraud, consumer, health care, securities, and tax fraud. from the U.S. Be ready for AMLA-related changes.

Fraud 195