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.

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South State Correspondent

JANUARY 10, 2024

This article will discuss how national, regional, and community banks may use loan hedging programs in 2024 to face earnings challenges. Notably, the two banks with zero or near zero swap notional at the end of 2022 are now defunct institutions (First Republic Bank and Silicon Valley Bank).

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FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. A Greatest Hits Compilation. Fun, Fun, Fun.

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Independent Banker

DECEMBER 31, 2022

CFPB issued Circular 2022-06 about two fee practices that it considers unfair and unlawful under existing law. Evolving risks. On May 5, 2022, the federal bank regulators jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations. Climate-related risk.

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PYMNTS

NOVEMBER 12, 2020

Payments Canada is collaborating with Mastercard’s Vocalink for settlement and clearing for the nation’s new RTR payments system. Mastercard’s Vocalink’s offering supports the requirements of Payments Canada, such as the Bank of Canada’s risk management criteria and ISO 20022. The RTR is forecasted to roll out in 2022.

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Payments Fintech Exercises Risk Management 142

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters.

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South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital. Develop a more innovative process.

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Jeff For Banks

NOVEMBER 3, 2023

Inflation is still elevated, even while it slowly declines from 2022’s peaks. The index began to decline in March, 2022 (no surprise that the Fed started tightening that month), and has been down for 18 months in a row; the LEI is down -11.1% since March, 2022 to 104.6. from its high in March, 2022. September was -3.6%

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FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

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Cyber Security Management Security Risk Management 70

Abrigo

NOVEMBER 17, 2023

billion to fraud in 2022, a 44% increase over the prior year and a trend that has continued into 2023. The Financial Crimes Enforcement Network (FinCEN) has listed fraud and cybercrime as two of their National AML/CFT Priorities. According to the Federal Trade Commission (FTC), consumers lost $8.8 That equates to $35 billion annually.

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Fraud Training Trends Compliance 195

FICO

JUNE 1, 2023

The National Association of Realtors reported that sales of previously owned homes declined 2.4% These figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. Visa is predicting negative GDP in Q2 and Q3 with a return to growth in Q4 2023.

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FICO

OCTOBER 28, 2022

FICO Score credit risk trends through the COVID-19 pandemic. Fri, 10/28/2022 - 15:00. National Average FICO® Score Has Increased In Canada Through the Pandemic; FICO Score® Distribution Shows Similar Trend Towards Higher Scores. FICO Score 10, Most Predictive Credit Score in Canadian Market. FICO Admin. Tue, 07/02/2019 - 02:45.

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Perficient

MAY 27, 2022

New York’s BitLicense requirement therefore applies to investment managers who issue digital coins or otherwise act as an exchange platform regardless of where the buyers are located. Maintaining a service provider oversight program to address risks to service provider relationships.

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cryptocurrency Regulation Management Bitcoin 332

FICO

MARCH 21, 2023

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. Just over 40% of respondents said that volatility in the securitization market in 2023 would be higher than 2022, and another 36% believe it will be about the same.

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Survey Marketing Las Vegas Analytics 52

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". Lending & Credit Risk.

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Abrigo

MARCH 17, 2022

The Stress Test Scenarios for Big Banks Are Useful for Smaller Institutions' Own Tests Banking regulators recently released the 2022 scenarios for upcoming stress tests by the biggest banks. Prudent stress testing as a risk management tool helps the enterprise see where the potential pitfalls are in their plans.

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Capital Regulation Risk Management Community 195

Gonzobanker

JULY 8, 2022

In Cornerstone’s What’s Going On In Banking report , 67% of surveyed bank executives listed the ability to attract qualified talent as their top concern in 2022—up from just 19% last year. A national unemployment rate of 3.6% and a shocking 1.3% unemployment rate for I.T.

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Jeff For Banks

MARCH 5, 2022

Interest rates have risen dramatically since the beginning of 2022, with the 2 year Treasury up.76% The end of 2022 could be very interesting from all angles, including the federal mid-term elections, and may still be full of winter squalls. The federal stimulus also drove our national debt levels to over $30 trillion, or 123.4%

Marketing 78

Marketing Policies Community Bank Community 78

Independent Banker

JUNE 30, 2022

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. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. The National Iron Bank.

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Community Bank Community National Philadelphia 172

FICO

OCTOBER 1, 2022

Fri, 09/30/2022 - 15:00. National Highway Traffic Safety Administration projects an estimated 42,915 fatalities in traffic collisions last year in the US alone, a 10.5% National Highway Traffic Safety Administration projects an estimated 42,915 fatalities in traffic collisions last year in the US alone, a 10.5% FICO Admin.

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Gonzobanker

DECEMBER 17, 2021

Then right back to the impossible in 2022. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Congrats on a brave move and national recognition Jim! Chuck Snyder, chief executive of National Cooperative Bank (NCB). Has it worked?

Fintech 147

Fintech Strategy Leadership Lending 147

Abrigo

APRIL 24, 2023

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Construction loan delinquencies Delinquency rates balanced out The end of 2022 saw $2.54

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Abrigo

MARCH 31, 2023

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. The National Credit Union Administration (NCUA) emphasized interest rate, liquidity, and credit risk as the main areas for concern in its 2023 letter.

Risk Management 195

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FICO

FEBRUARY 1, 2023

Prior to Barclays, he led the fraud team at EnterCard in the Nordics, worked in a second line role at ABSA and also worked at Santander where he played a critical role in transforming the fraud operating model following the acquisition of Abbey National.

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Management Fraud Strategy Analysis 52

Independent Banker

OCTOBER 1, 2022

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. According to a 2022 study by investment and intelligence company MAGNA, 74% of consumers say they highly value data privacy.

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Abrigo

NOVEMBER 29, 2021

You might also like this webinar: "Is inflation the big gift to your 2022 earnings?". To remain competitive, some of the nations’ largest banks have introduced new products. Drive growth with integrated risk management. Portfolio Risk & CECL. 4 Steps for Integrating CECL and Other Risk Management Models.

Community Bank 195

Community Bank Community FDIC Trends 195

Abrigo

JULY 28, 2021

Shortly after, COVID-19 was declared a national emergency, sparking stay-at-home orders and other mandates. For the SEC-filing institutions that have adopted CECL, the preparation that you can do is model as if you are in 2022 or 2023 and see those long-term release trends. Portfolio Risk & CECL. Portfolio Risk & CECL.

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Risk Management Operations Trends Data 195

Abrigo

JUNE 15, 2023

national security and the integrity of the U.S. DOWNLOAD Risk factors Red flags for money laundering through real estate In February 2022, FinCEN issued an Advance Notice of Proposed Rulemaking (ANPRM) for certain persons involved in real estate transactions to collect, report, and retain information. financial system.”

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Training Regulation Compliance System 195

Abrigo

JULY 7, 2022

Doing so has several benefits, CECL experts during Abrigo’s 2022 ThinkBIG Conference reminded financial institution staff. That falls right in line with that Fed bulletin on model risk management, so I think there is some regulatory expectation that those things are happening,” he said.

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Regulation Management Video Data 195

FICO

OCTOBER 7, 2022

Fri, 10/07/2022 - 14:10. The data available for purchase on the dark web can be very rich; personal information such as date of birth, email address, Social Security number / national ID and phone number are sold alongside account specific information such as usernames and passwords. by TJ Horan. expand_less Back To Top.

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Fraud South Carolina San Francisco Regulation 52

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors. Expect more deals to be announced in 2024.

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Fintech Community Regional Technology 195

FICO

JANUARY 5, 2023

Leading up to 2022, the industry saw meteoric growth with transaction volume increasing fourfold , from $33 billion to $120 billion, between the years of 2019 and 2022. Entering 2023, the United States continues to be without a comprehensive national privacy law. See all Posts. chevron_left Blog Home. expand_less Back To Top.

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