Abrigo

NOVEMBER 8, 2019

Stress Testing | 7 minute read Key Takeaways Stress testing is an important component of sound risk management. Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process. Stress testing and risk management. Now that's big.

Lending 150

Lending Risk Management Analysis Capital 150

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In addition to discussing the symposium and Data Point report in the section on “Access to Credit,” the new fair lending report discusses conducting supervisory reviews of alternative credit scoring models.

Lending 60

Lending Report Policies Compliance 60

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance. ALM seen as checking the box.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. regulators, a move that would put the firms into conflict with secrecy laws in China. Securities and Exchange Commission (SEC) on Monday (Aug.

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US United States Lending Regulation 147

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

American Banker

MARCH 4, 2024

Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law. Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions.

New York City 74

New York City New York Regulation Community 74

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Decision Management Innovation. AI, Machine Learning and Optimization.

Analytics 52

Analytics Fraud Management Innovation 52

CFPB Monitor

DECEMBER 4, 2019

The Department of Defense announced in its Fall 2019 rulemaking agenda that it is engaged in proposed rulemaking to amend its Military Lending Act (MLA) regulations, apparently in order to allow non-bank creditors to provide secured auto financing for purchase transactions. (The How did we get here?

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Regulation Security Lending Course 88

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 195

Lending Community San Antonio Survey 195

Abrigo

DECEMBER 2, 2021

31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. Using information from the core deposit study, bank or credit union management better understands depositor behavior and has critical information to develop pricing strategies and manage funding costs. Lending & Credit Risk.

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Conference San Antonio Lending Fraud 195

PYMNTS

JULY 1, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. alternative lending space this week, too.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. It has also been unfriendly toward other forms of digital finance, including the peer-to-peer lending industry.

Fintech 193

Fintech Bitcoin cryptocurrency Lending 193

Abrigo

NOVEMBER 15, 2019

Key Takeaways Effective credit risk review promotes lending agility. Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards. Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards.

System 150

System Lending Compliance Risk Management 150

FICO

JANUARY 25, 2019

The additional costs and complexity for lenders when managing regulations governing mortgages. Meanwhile, the competition for established mortgage lending has intensified as mortgage system growth slowed over the last few years. Regulation has traditionally focussed on capital adequacy, liquidity and credit standards.

Analytics 74

Analytics Lending Strategy Regulation 74

CFPB Monitor

FEBRUARY 18, 2020

The report discusses the Bureau’s examinations findings in the areas of debt collection, mortgage servicing, payday lending, and student loan servicing that were completed between April 2019 and August 2019. The Bureau considered these phone conversations to be loss mitigation applications under Regulation X.

Lending 78

Lending Regulation System Compliance 78

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

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. In 2019, the major credit card companies charged over $14 billion each year in late fees with an average charge of around $35.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Abrigo

AUGUST 12, 2019

Abrigo is bringing together the nation’s leading conferences on the new current expected credit loss (CECL) standard, MainStreet Technologies’ National CECL Conference, and the leading conference on lending, credit and portfolio risk best practices, Sageworks’ Lending & Risk Summit. Attendees can earn up to 14 CEP credit hours.

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Conference Lending National Risk Management 150

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. billion kronor (approximately $171 million) infusion in 2019.

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Security Groups Payments Regulation 134

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. SMB Lending Risks. percent of SMB loan applications during April 2019, for example, while 27.5

Fintech 177

Fintech Fraud Lending Regulation 177

Abrigo

APRIL 30, 2020

Key Takeaways Federal and state banking regulators have eased coronavirus workout pressures. There has been an influx of calls from consumers who can no longer pay their loans, and this will quickly follow suit on the commercial lending side. 31, 2019; and It must be executed between Mar. 31, 2019, were already “near the edge.”

Strategy 195

Strategy Meeting Software National 195

PYMNTS

FEBRUARY 5, 2019

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. Instead of potentially paying higher fees over a longer period of time, consumers just have bills they can’t pay. ”

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PYMNTS

NOVEMBER 1, 2019

The third quarter of 2019 saw decreased revenue for meal kit subscription service Blue Apron , which is aiming to gain new ground. Management pointed to at least some softening in fleet customer trucking volumes, which was, in part, tied to a softening macro environment. UK Regulators Want First-Time Payments Delay to Avert Fraudsters.

Payments 100

Payments Lending Fraud Capital 100

PYMNTS

MARCH 2, 2020

In Kenya, competition regulators recently warned French grocery and retail giant Carrefour that it faces fines of up to $140 million after the Competition Authority of Kenya discovered that the company, via its franchise holder Majid Al Futtaim (MAF), has been treating suppliers unfairly. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

FICO

JANUARY 19, 2023

At the same time, regulators are doubling down on their expectations of financial organisations and lenders to ensure they provide continued support to those who are deemed to be vulnerable or in financial difficulty. Here are my three predictions for risk management and customer treatment in 2023.

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Lending Strategy Analytics Data 52

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. trillion yuan (nearly $180.4

Payments 134

Payments Lending Retail Course 134

PYMNTS

OCTOBER 11, 2019

It typically takes a few days to sell loan parts, but the duration has stretched into about four months since the beginning of 2019. Funding Circle UK Managing Director Lisa Jacobs said the company was “the largest and best-capitalized lending platform in the U.K.” regulators.” and that returns on investment were good.

Capital 122

Capital Lending Regulation Retail 122

Abrigo

NOVEMBER 7, 2019

Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference in September. A key area of digitization in increasing business lending is a customer relationship management (CRM) system.

Community Bank 150

Community Bank Community Lending Analysis 150

Abrigo

DECEMBER 30, 2019

Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. The decade is quickly coming to an end, so as we put 2019 in our rear-view mirror, it’s time for a fresh start with the new year and new decade approaching. This is a must-have risk management concept. Creating a Culture of Compliance.

Training 195

Training Compliance Leadership Fraud 195

CFPB Monitor

APRIL 1, 2021

Augmenting risk management and control practices. The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). Fair lending. Uses of AI. Use of AI developed or provided by third parties.

Risk Management 78

Risk Management Training Lending FDIC 78

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. Lukies said the balance of regulatory trust has altered, ushering in a wave of regulations like open banking , PSD2 and GDPR. Banks Let Themselves Get Left Behind.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. That help is forthcoming, as in the case of the Central Bank of Ireland , which is changing regulations to favor more CU lending with higher limits. Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

SEPTEMBER 4, 2018

wants its access to the EU’s financial market to be based on a broader version of the “equivalence” regime, which gives countries with regulations that are aligned with the EU access. Reuters noted the system doesn’t cover banking activities such as lending and asset management. It’s a system that banks in the U.S.,

Marketing 100

Marketing Regulation Policies US 100

Abrigo

NOVEMBER 25, 2019

“You can’t stop earning because you’re afraid about the credit environment,” Parliment told hundreds of bankers at Abrigo’s 2019 ThinkBIG Conference earlier this year. Technology certainly plays a role in lowering unit costs and managing risk for many lenders. You have to earn. You have do it faster.”

Analysis 195

Analysis Training Management Industry 195

Independent Banker

NOVEMBER 30, 2022

Lexicon Bank in Las Vegas opened its doors in August 2019, not long before COVID-19 shut down the city’s entertainment businesses. But the fundamental risk management in the bank’s professional poker program is old-fashioned Know Your Customer, done by people. We have found a way to service that and get the regulators comfortable.

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Las Vegas Community Bank Community Wisconsin 129

PYMNTS

APRIL 15, 2019

At least part of that miss came as investment management revenues were lower than forecast, at $1.5 Additionally, within the investment and lending segment, revenues were $1.8 As reported in a statement that accompanied the earnings release, CEO David Solomon said the quarter showed a “muted start” to 2019. Revenues were $8.8

Apple 115

Apple Operations Management Online 115