PYMNTS

DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question. Not All Bad.

Google 192

Google Security Washington Risk Management 192

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. However, he noted that the move could negatively impact morale at DHS.

US 227

US Cyber Security Security National 227

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Security Bank Midwest. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

JULY 19, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be critical in deterring AML/CFT concerns. See Part I: Implications for Community Financial Institutions.

Training 195

Training National Community Policies 195

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Background of ERC ERC exists to assist businesses that were put under severe financial strain due to the government-mandated lockdowns from the 2020 COVID-19 pandemic.

Taxes 195

Taxes Community Bank Community Operations 195

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. See Part I: Implications for Community Financial Institutions.

Training 195

Training National Strategy Regulation 195

PYMNTS

APRIL 3, 2020

ECB President Christine Lagarde said cooperation of the central bank community in Europe “works effectively.”. Our real-time settlement platform is a pivotal contribution to Europe’s endeavors to satisfy citizens’ increasing demand for faster, cheaper and convenient payment services without compromising on security.”.

Payments 187

Payments National Policies Community 187

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. Crisis Business Membership Strategy in 2020: Adapting Technology and Executing in the New Normal. C&I Loans. SBA Lending.

Fraud 195

Fraud Lending Software Analytics 195

PYMNTS

OCTOBER 13, 2020

DeFi, which is also known as “decentralized finance,” has been included in an increasing wave of business promotions in 2020, Bloomberg reported. An operating system that has been active for a minimum of three years, Tron , recently issued a DeFi token. 13) statement posted on the U.S.

Bitcoin 196

Bitcoin Cyber Security Groups Community 196

PYMNTS

MARCH 2, 2020

After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. The Desjardins Group incident sent a chill through the CU community.

California 130

California Fraud Pennsylvania Community 130

PYMNTS

NOVEMBER 26, 2019

“At this time, we have decided to discontinue the sampling program in 2020.”. Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

Delaware 140

Delaware Oregon Maryland Video 140

PYMNTS

NOVEMBER 26, 2019

“At this time, we have decided to discontinue the sampling program in 2020.”. Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

Delaware 130

Delaware Oregon Maryland Video 130

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

Perficient

JULY 10, 2020

It’s a sad truth that on July 9, 2020, COVID cases are on the rise in America. Three leading organizations – Salesforce , Perficient , and The Chartis Group – have come together to share bright spots within the healthcare community that can point the way to building the necessary capacity to adapt.

US 522

US Marketing Automation Marketing System 522

CFPB Monitor

FEBRUARY 3, 2021

Department of Housing and Urban Development (“HUD”) to “as soon as practicable, take all steps necessary to examine the effects of” the final rule issued by HUD in September 2020 (“2020 Rule”) revising its 2013 Fair Housing Act (“FHA”) disparate impact standards (“2013 Rule”).

Massachusetts 78

Massachusetts Leadership Analysis Community 78

Independent Banker

APRIL 30, 2022

Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. Community banks that have struggled to grow their commercial loan portfolios over the past two years are optimistic that there are brighter days ahead this year and next. billion asset community bank. Many of the $1.7

Lending 158

Lending Community St. Louis Community Bank 158

Abrigo

SEPTEMBER 3, 2021

Bad actors are staying one step ahead of detection creating serious concern for financial institutions. According to the Federal Bureau of Investigation (FBI) in their 2020 Internet Crime Report , reported losses related to cybercrime exceeded $4.2 billion in 2020, a 20% increase over the previous year. Monitoring Cybercrime.

Training 195

Training Software Fraud Security 195

Abrigo

NOVEMBER 18, 2019

This increase in cash escalates the threat of robberies, assault, and other aggressive crimes both at these businesses and in the surrounding communities. It also allows financial institutions to properly monitor for and report on suspicious activity, ensuring that the CRBs in their communities are legitimate. We can help. Learn More.

Regulation 150

Regulation Community National Operations 150

PYMNTS

NOVEMBER 11, 2020

This time around the argument has drawn the attention of the National Retail Federation ( NRF ), which is U.S.-based Furthermore, the state’s new measures burden rural communities by decreasing access to essential items if local businesses are ordered closed.”. based but global in scope. On Tuesday (Nov.

Retail 141

Retail New Mexico Community National 141

PYMNTS

JULY 12, 2019

The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare. Mobile devices enable fast and secure access to services, many of which are solely available online.

Mobile 108

Mobile National Samsung Case Study 108

PYMNTS

DECEMBER 27, 2019

These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community. billion) and mortgages find most credits unions on solid footing as 2020 begins. The National Credit Union Administration (NCUA) trade group reported that net income for credit unions fell by 1.1 Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Weapons of mass destruction (WMD) is defined by Homeland Security as a nuclear, radiological, chemical, biological, or other device that is intended to harm a large number of people.

National 195

National Training United States Regulation 195

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. If you withdraw your Ether, you get charged an interest rate determined by an open governance community. Other things like Compound are essentially a securities lending marketplace?—?you Happy holidays, good people! That is to say?—?governments

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

JANUARY 20, 2021

Even after the pandemic subsides, the digital acceleration we experienced in 2020 will not — it is here to stay." . For the last nine months, many of us have been learning how to work remotely, communicate remotely, learn remotely, socialize remotely and more.

Payments 178

Payments Innovation Tools Cards 178

PYMNTS

APRIL 13, 2020

consumers in February 2020 to discover how they are using banks in a time of upheaval, to gauge demand for products and services, and also to qualify shifting perceptions about the role of banks. percent characterize banks as institutions that store money securely, while 34.9 percent feel the same toward local and community banks.

Digital Banking 154

Digital Banking ATM Community Bank Survey 154

Abrigo

SEPTEMBER 10, 2021

See Part I: Implications for Community Financial Institutions. October 26 is now nationally recognized as BSA/AML Day.) Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. Stay up-to-date on the latest FinCEN Priorities. Criminalizing Terroism Financing. USA PATRIOT Act enacted.

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

JULY 17, 2020

When we were having this conversation in January or February, my sense was community banks and credit unions [were] feeling a sense of being left behind in the digital race,” VB said. Larger and national FIs are feeling the heat, but they do carry a narrow advantage in terms of keeping hold of their customers, VB said.

Regional 198

Regional Cards National Trends 198

Abrigo

DECEMBER 20, 2021

As of Jun 2020, CBOT's asset size was approximately $4 billion with 35 branches. Now is the time for community financial institutions to pay attention. Community financial institutions must take note and evaluate their AML program and correct any deficiencies. A strong AML program does not mean it looks good on paper.

Resources 195

Resources Texas Analysis System 195

Abrigo

FEBRUARY 24, 2020

It would be impossible to talk about cannabis banking in 2020 without mentioning the Secure and Fair Enforcement Banking Act of 2019 (SAFE Act). This resulted in the creation of Community Invest - Cannabis Banking Services, which aims to support financial institutions in providing basic banking services to CRBs in Illinois.

Illinois 195

Illinois Regulation United States California 195

Abrigo

APRIL 8, 2020

On March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance for those affected by the coronavirus pandemic. Consumers and small businesses have long relied on community banks and credit unions and now is no different.

Compliance 195

Compliance Lending Fraud Community 195

Abrigo

JUNE 16, 2016

Amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The Independent Community Bankers of America (ICBA) said it was pleased with the consideration given to community banks’ views in the review process. They all have finance operations.

Resources 150

Resources Exercises Lending Community 150

Abrigo

DECEMBER 10, 2019

According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. Fifty-six percent of all survey respondents host community outreach and education events for older customers. Starting 2020 on a High Note: Cannabis-Related Banking Explained.

Fraud 284

Fraud Study United States Training 284

PYMNTS

NOVEMBER 21, 2020

Perhaps against all odds, Thanksgiving is happening in 2020. All possible joking aside, going into the national day of giving thanks is going to be especially hard on some people this year, simply because of how very little the year has given them to be grateful for. About 12 million jobless workers around the U.S. That would cut 7.3

Retail 179

Retail Community National New York 179

Abrigo

JANUARY 31, 2023

From the Anti-money Laundering Act of 2020 (AMLA) to the SAFE Banking Act, here is a high-level look at what updates did occur and what hot topics banks will still be watching in 2023. billion, a 7% increase over 2020. China appears more interested in gathering private data on users rather than national security or corporate secrets.

Fraud 195

Fraud Training Regulation Trends 195

Abrigo

FEBRUARY 8, 2022

NBFIs are broadly defined as institutions other than banks or credit unions that offer financial services, such as money services businesses, casinos and card clubs, trust companies, securities and commodities, firms, and insurance companies. NBFIs & AML Act of 2020. NBFIs need written AML program.

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Compliance Training Regulation Fraud 195