Abrigo

FEBRUARY 25, 2022

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. Eight topics that could see change in 2022. While FinCEN has provided no specific, written regulations yet, more clarification is expected soon.? What to Watch.

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Regulation Policies Compliance Washington 195

Abrigo

DECEMBER 17, 2021

Prepare for Future Staffing Needs Now As we transition to 2022, now is the perfect time to analyze current staffing levels at your financial institution. . Moving into 2022 may be a n excellent time to analyze current staffing levels and the associated risks of losing valuable members of your team. Be Prepared.

Compliance 195

Compliance Training Fraud Resources 195

Perficient

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

cryptocurrency 309

cryptocurrency Regulation Policies Compliance 309

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Takeaway 1 Aside from meeting examiner expectations, proper model risk management can protect your institution from unnecessary risk. . FDIC Update.

Risk Management 195

Risk Management Management FDIC Meeting 195

Abrigo

MAY 19, 2023

Introduction How regulators define successful loan reviews Mark Twain observed, “A thing long expected takes the form of the unexpected when at last it comes.” So, let’s get a sense of what regulators specifically expect loan review to do, and let’s start with loan review systems.

System 195

System Regulation How To Lending 195

PopularBank

OCTOBER 17, 2023

A new Florida condo safety law passed in June 2023 makes some updates to a regulation passed in 2022 for condominium and cooperative buildings. SB 4-D, which passed in May 2022, centered around inspection requirements, mandatory reserves, and more transparency for unit owners regarding the condition of the buildings.

Florida 52

Florida Regulation Community Study 52

Cisco

MAY 10, 2022

We’re ALL IN at Cisco Live 2022. We’re excited for the in-person creative experiences, impactful speakers, and thought-provoking sessions June 12-16, 2022 in Las Vegas. However, the modern communication archiving, eDiscovery, legal-hold, surveillance, and security requirements and needs for regulated industries have remained the same.

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Las Vegas Industry Leadership Technology 129

Bobsguide

MARCH 21, 2022

Devoted to continuous advanced technology research and product innovation, CompatibL is proud to be recognized as one of the world’s best providers of risk management solutions, advanced analytics, and model validation services that help capital markets organizations better understand and reduce financial risks.”.

Innovation 147

Innovation Technology Risk Management Analytics 147

Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR).

Capital 275

Capital Regulation FDIC Regional 275

Bobsguide

MAY 30, 2022

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions has launched a new Environmental, Social and Governance (ESG) reporting solution.

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Management Report Regulation Data 147

Independent Banker

DECEMBER 31, 2021

What changes will 2022 bring? And as local economies continue to stabilize and many challenged industries bounce back, 2022 may be the year community bankers put the rubber to the road by revisiting goals and turning them into action items. Regulators haven’t yet broached the subject with them. What will drive profit in 2022?

Community Bank 144

Community Bank Community Lending Louisiana 144

Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

Perficient

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure. basis points over eight quarterly assessment periods.

FDIC 221

FDIC Risk Management Regulation Leadership 221

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

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California Regulation CA Utah 78

Perficient

NOVEMBER 10, 2023

However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. Transaction Accounts Regulators classify transaction accounts under the Monetary Control Act of 1980 and the Federal Reserve Regulation D for federal reserve requirements on deposit liabilities.

Risk Management 221

Risk Management United States FDIC Compliance 221

Bobsguide

JULY 3, 2022

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year.

System 78

System Fintech Financial Technology Regulation 78

Bobsguide

MARCH 24, 2022

Finastra and CloudMargin Collateral Management as a Service offering accelerates compliance with UMR regulation. It’s estimated that the new Phase 6 of UMR, due to come into effect in September 2022, will affect 1,000 additional entities for the first time. Corporate headquarters. 4 Kingdom Street. Paddington. London W2 6BD.

Compliance 60

Compliance Management Regulation Software 60

FICO

AUGUST 8, 2022

2022 Data Science and AI Predictions Revisited. Thu, 05/12/2022 - 07:46. Mon, 08/08/2022 - 15:30. In the past couple of weeks, vacationing off the grid in Alaska , I’ve had a chance to think about how prescient my 2022 predictions for AI and data science may or may not be. Where Are We Now? Saxon Shirley. by Scott Zoldi.

Data 96

Data Analytics San Diego Alaska 96

Independent Banker

NOVEMBER 30, 2022

Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together. A part-time teller who aspires to manage a branch, for example, can work their way up through various tiers and receive bank-provided ICBA Community Banker University courses and self-paced learning throughout the process.

Community Bank 169

Community Bank Community Montana Leadership 169

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings. They’ve also focused on managing interest rate risk in a rising rate environment.

Lending 221

Lending Risk Management Community Management 221

Cisco

JUNE 7, 2022

It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. The FS-ISAC’s predictions for 2022 and beyond reflect the challenging cyber risk environment for financial institutions: Nation-state cyber campaigns will mirror geopolitical tensions. Regulators will tighten the reins.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Perficient

MAY 5, 2022

IDC recently included Perficient in the “Loan Collections-Recovery” category of its “ Market Glance: Worldwide Consumer & Small Businesses Lending Digital Transformation Strategies, Q2 2022 (Doc # US49009422, April 2022).” The IDC Market Glance offers an overview of the landscape for consumer and small business digital lending.

Lending 354

Lending Strategy Marketing Big Data 354

Abrigo

FEBRUARY 10, 2023

Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive. One critical aspect of the AMLA did make progress toward the end of 2022: the Corporate Transparency Act (CTA).

Fraud 195

Fraud Training Regulation Compliance 195

CFPB Monitor

NOVEMBER 21, 2022

The CFPB has released the Fall 2022 edition of its Supervisory Highlights. Credit card account management. Lenders were found to have violated the Regulation Z prohibition on compensating a mortgage loan originator in an amount based on the terms of the transaction or a proxy for such terms. Mortgage origination.

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Report Cards Lending Management 78

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Abrigo, a leading technology provider of software solutions for financial institutions, published more than 85 unique articles on its industry-focused blog in 2022.

Fraud 195

Fraud Training Compliance Regulation 195

Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). But compliance deadlines are tiered. 1, 2024, and report for the first time by June 1, 2025.

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

MAY 9, 2022

A recent and notable consent order shows the dangers of turning to an unqualified or inept third-party institution to perform some or all BSA/AML duties to meet regulations. Once a staffing assessment is complete, the results should be shared with senior management, documenting the process and the need for additional staff if identified.

Compliance 195

Compliance Fraud Regulation Resources 195

FICO

DECEMBER 14, 2021

As we move forward into 2022, we are seeing the first signs of some interesting trends that will pick up pace across borders. As such, we’ve seen a slow emergence of a black market for the sale of fake vaccine passports and it is on its way to becoming a lucrative industry in 2022. Related scams have also been on the rise.

Fraud 52

Fraud Management Data Trends 52

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

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Management Security Risk Management social media 195

CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

Perficient

SEPTEMBER 16, 2022

The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. Additionally, the Federal Reserve’s Supervisory Letter also encourages financial institution executives to notify their state regulators prior to engaging in any crypto-asset-related activities. The Home Owners’ Loan Act.

Compliance 275

Compliance Risk Management System Regulation 275

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. Without action, this temporary relief would have expired on June 30, 2024, and would have significantly impacted the industry due to an estimated 75% increase in residential non-branch locations between December 2019 and December 2022.

Compliance 221

Compliance Risk Management Regulation Industry 221

Jeff For Banks

DECEMBER 16, 2022

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 9, 2022 was -1.21%. Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. As of or for the year-to-date September 30, 2022, the Company had $3.1 and Puerto Rico banking laws and regulations.

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Puerto Rico Virgin Islands Community Community Bank 78

CFPB Monitor

AUGUST 9, 2021

a company that acts as a program manager of Income Share Agreements (ISAs) used to finance postsecondary education and training. The agreement further provides that the DFPI will issue Meratas a regular, unconditional SLSA license following Meratas’s submission of audited financial statements in 2022.

California 78

California Management CA Regulation 78

Abrigo

DECEMBER 2, 2021

Takeaway 1 Some financial institutions have a budget surplus this time of year, and these funds can be spent now to help growth in 2022. Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Streamline and systematize loan review for 2022.

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Conference San Antonio Lending Fraud 195

FICO

DECEMBER 20, 2021

However, 2022 should signal a change. After more than a decade of waiting, the Consumer Financial Protection Bureau will issue long-awaited regulations, in accordance with section 1033 of the Dodd-Frank Act , that provide consumers with a right of access to their financial information. Preferred Collection and Management Services, Inc.

Policies 52

Policies DC Regulation Industry 52

CFPB Monitor

JUNE 29, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued proposed regulations implementing certain provisions of the state’s Consumer Financial Protection Law (CFPL). Comments must be submitted by August 8, 2022.

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California Regulation Innovation Management 78