South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. The reason for the cessation of BSBY is simple – lack of use.

Community Bank 195

Community Bank Community Compliance CA 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. Milestone inspection deadline The new Florida condo safety law extends the initial deadline for milestone inspections for community buildings reaching 30 years old. We’re here to help.

Florida 52

Florida Regulation Community Study 52

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). 1, 2024, is the earliest compliance deadline. The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B.

Compliance 195

Compliance Lending Data Regulation 195

PopularBank

DECEMBER 7, 2022

Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. Building inspections are required for community buildings in all 67 counties in Florida that are three or more stories in height. What should property managers or associations do now regarding the new condo safety laws?

Community 52

Community Florida Study ATM 52

Jeff For Banks

APRIL 4, 2024

Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. But bankers should be preparing for a devaluation of the collateral used by their borrowers to determine how best to manage this emerging situation. Office buildings are emptying around the U.S.,

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. An NPR is due in 2024 or before. Data privacy.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. That timeline would put the compliance deadline around October 2024. The "what," "who" and "why" Common questions about the 1071 rule What is the 1071 rule?

Data 195

Data Lending Compliance Resources 195

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For A proactive approach to risk management involves continuous monitoring and adjustment.

Fraud 221

Fraud Training Risk Management Software 221

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

Resources 221

Resources Risk Management eBook Strategy 221

Abrigo

FEBRUARY 8, 2024

Check fraud alone, the most significant current fraud threat, is projected to create losses of $24 billion in 2024. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. The Federal Trade Commission (FTC) reports that U.S.

Fraud 195

Fraud Resources social media Software 195

South State Correspondent

JUNE 27, 2023

While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance. Regulatory Compliance: Many regulators and market infrastructures around the world are moving towards ISO 20022, making it a requirement for participating in those markets.

System 195

System Data Examples Payments 195

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. According to fraud strategists , check fraud is projected to soar to $24 billion in 2024. You might also like this on-demand webinar explaining how fraudsters use checks to their advantage.

Fraud 221

Fraud Training Trends Regional 221

Gonzobanker

MARCH 21, 2024

The problem is even worse in 2024. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital. When amending Regulation B of the Equal Credit Opportunity Act, the CFPB wrote: “There is limited data on small businesses’ access to credit. It’s a global problem.

Lending 78

Lending How To Capital Data 78

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Our Troublemaker clients reacted to all this mayhem by keeping their focus on customers, making good loans, sticking to their digital transformation strategies, developing employees and giving back to their communities.

Fintech 195

Fintech Community Regional Technology 195

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

Community Bank 209

Community Bank Community Texas Dallas 209

Abrigo

JANUARY 31, 2023

Recap and forecast The current state of AML/CFT regulations Terminology change Financial crime professionals have long referred to Bank Secrecy Act (BSA) compliance in conjunction with anti-money laundering efforts as “BSA/AML.” This is to be issued no later than one year after the effective date of the BOI Reporting Rule (January 1, 2024).

Fraud 195

Fraud Training Regulation Trends 195

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52