Abrigo

MAY 19, 2023

Introduction A few good men and women In previous articles, we have explored the objectives of a loan review and credit risk review system in general. They should be knowledgeable of both sound lending practices and their own institution’s specific lending guidelines.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review in your inbox? This article is substantially updated from a 2013 blog post. Identifying Credit Weaknesses.

System 195

System Lending Policies Regulation 195

CFPB Monitor

FEBRUARY 23, 2022

Yesterday, eight federal agencies joined together to issue an “ Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B ” (Interagency Statement). The agencies consist of the CFPB, FDIC, OCC, Federal Reserve Board, NCUA, HUD, DOJ, and FHFA.

Regulation 78

Regulation Lending FDIC Compliance 78

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. Because the article represents one of the few regulatory perspectives on this issue, we highly recommend that financial institutions read it.

Lending 130

Lending social media Compliance Regulation 130

South State Correspondent

JANUARY 16, 2024

BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). No additional reporting or regulatory compliance for the lender or the borrower.

Community Bank 195

Community Bank Community Compliance CA 195

Abrigo

JUNE 5, 2023

In addition, even before the recent banking troubles, regulators have emphasized the financial institution’s responsibility to provide leaders with information on key areas of planning, operations, and risk management. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. Would you like others articles like this in your inbox? In the meantime, regulators are reinforcing the importance of lenders knowing their customers as they work with borrowers applying for PPP loans.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Abrigo

JULY 16, 2021

Would you like others articles like this in your inbox? Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. While these are general today, the AMLA requires that regulations be written around each Priority, as appropriate. financial system. How to prepare.

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Community Regulation Training Policies 195

Abrigo

OCTOBER 23, 2014

CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations. But shareholders also expect profitability and growth, while keeping costs, especially those related to regulatory compliance, down.

Risk Management 186

Risk Management Management Lending Resources 186

Abrigo

JANUARY 14, 2021

Would you like others articles like this in your inbox? Operational Risks - Due diligence may have been lax during the rush of applications Compliance Risks - Compliance gaps could occur due to rushed processing Reputational Risks - What if fraud is found in your portfolio and headlines abound? SBA Lending. Fraud Trends.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

AUGUST 1, 2022

Would you like other articles like this in your inbox? Takeaway 2 Even small banks or credit unions not regulated by the Federal Reserve are required to address control risks from models. MRM and model validation regulations. Effective challenge is a requirement for banks regulated by the Federal Reserve or OCC.

Risk Management 195

Risk Management Management Regulation Analysis 195

Abrigo

JULY 7, 2021

Key points in this article include: Risks exist in states where canabis is illegal > LEARN MORE Ensuring compliance when not servicing CRBs > LEARN MORE Determine your tier of acceptance > LEARN MORE Banking hemp vs. marijuana vs. CBD > LEARN MORE The gray area of banking CBD > LEARN MORE.

Compliance 195

Compliance Operations Regulation United States 195

Abrigo

JULY 14, 2023

Would you like other articles like this in your inbox? For example, your top goal for next year might be to expand your lending geographic footprint. Obviously, these two goals are interrelated – without excess liquidity, the institution will need to provide additional funding to meet the target to expand the lending footprint.

Strategy 195

Strategy Data Analytics Analysis 195

Abrigo

DECEMBER 10, 2021

This article is substantially updated from a 2015 blog post. Particularly for internal loan review departments, personnel must have the skills to understand the loan portfolio and the overall credit culture of the institution, skills on par with their counterparts on the lending side.

Training 195

Training Policies Data Guidelines 195

PYMNTS

APRIL 20, 2017

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. s Big Four banks — Barclays, HSBC, Lloyds and RBS — as FinTechs that lend and provide accounting and other financial services similarly populate the U.S., Take, for instance, SME lending. s main street banks.

Compliance 110

Compliance Innovation social media Lending 110

Abrigo

JULY 12, 2021

Would you like others articles like this in your inbox? One important step toward further global compliance for the U.S. BSA Rules and Regulation. Lending & Credit Risk. The agency recently completed their three-day June plenary. While the U.S. AML Professionals and executives alike, hold on tight. Learn more.

Training 195

Training Policies United States Report 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Abrigo

DECEMBER 20, 2021

Would you like other articles like this in your inbox? If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. and CDD will be top of regulators' minds for some time. A strong culture of compliance was clearly lacking at CBOT, as evidenced by this consent order. Learn More.

Resources 195

Resources Texas Analysis System 195

Abrigo

FEBRUARY 24, 2022

Would you like other articles like this in your inbox? Regulators expect a well-managed financial institution to look at interest rate risk through two different lenses: Earnings at risk (EAR)/income at risk (IAR) – Measures short-term risk; changes to the income statement. Sources of interest rate risk.

Management 195

Management Analysis Strategy Policies 195

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. Nationwide lending! He set the tone for antagonizing regulators. But sold most.

National 78

National West Virginia Virginia Pennsylvania 78

Insights on Business

MARCH 22, 2018

On the other, you need to observe ever-changing regulations, manage voluminous amounts of structured and unstructured data, and perform often repetitive and mundane tasks, opening the door for human error and mistakes. KYC shortcomings and solutions. Where is KYC going?

Regulation 79

Regulation Analytics Analysis System 79

CFPB Monitor

MARCH 17, 2022

Consistent with expectations that the CFPB under Director Chopra’s leadership would take an expansive view of its statutory authorities, the CFPB has announced its intention to use its authority to prohibit unfair, deceptive, or abusive acts or practices (UDAAPs) to target discriminatory conduct, even where fair lending laws may not apply.

Policies 78

Policies Analysis Marketing Leadership 78

PYMNTS

JULY 23, 2019

It’s also the most highly regulated part of any financial transaction. It’s a process that doesn’t leave much room for interpretation — either you are compliant or you’re not — and one in which companies tend to bring in a partner who can make the process of achieving and maintaining compliance less painful.

Data 101

Data Mobile Compliance Security 101

Abrigo

DECEMBER 29, 2023

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.

Resources 221

Resources Lending Risk Management Policies 221

PYMNTS

OCTOBER 9, 2018

.” “There is no doubt that the lease accounting standards will add new complexities to a broad range of business functions, including sales, lending, contracting and financial reporting,” wrote Whitney Schiffer, CPA, in an article last week for accounting and advisory firm Berkowitz Pollack Brant.

Community Bank 153

Community Bank Community Report Lending 153

Jeff For Banks

DECEMBER 16, 2022

and Puerto Rico banking laws and regulations. They provide white label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. Well done! #3 Virgin Islands.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

South State Correspondent

APRIL 1, 2023

In this article, we recap the latest data on deposits and banking in order to give you an updated picture. Lending Although we only have quarterly lagged data on credit conditions, it is worth noting that more timely H.8 The move will increase the cost of compliance and the cost of capital. Deposit Balances The Fed’s H.8

Regulation 221

Regulation Community Bank Community Capital 221

Abrigo

SEPTEMBER 22, 2021

See below for key takeaways of this article. Abrigo’s ALLL and CECL Software can help you streamline the allowance calculation while bridging your incurred loss model to CECL compliance. CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Stay updated on all things CECL.

Security 195

Security Examples National Report 195

PYMNTS

APRIL 26, 2016

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. So why all the fuss?

Lending 100

Lending Regulation Industry Illinois 100

Abrigo

DECEMBER 22, 2023

Abrigo's top risk management articles The risk management blogs banks and credit unions are reading Probability of default, CECL model validation, and CRE risk are hot topics that risk management and accounting professionals will be tracking in the coming months. Key tentative decisions and timelines are shown in this blog.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. GenAI is seeing varied use cases in banking.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

APRIL 7, 2022

Would you like other articles like this in your inbox? Instead, remember that if your institution’s process is reasonable, defensible, and based on accurate and available data , compliance will not be an issue. What if our lending footprint is very small and not affected by macroeconomic factors such as unemployment?

Policies 195

Policies Data Examples Lending 195

CFPB Monitor

OCTOBER 29, 2018

Both lawsuits were dismissed for failing to establish an injury in fact necessary for Article III standing and for lacking ripeness for judicial review. The new lawsuits were filed in response to the OCC’s July 2018 announcement that it would begin accepting applications for SPNB charters from fintech companies. Section 5.20(e)(1),

Fintech 60

Fintech Regulation New York National 60

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. The Real “Lending” Stock Award – Goes to longtime player LendingTree. Oh, by the way, that Fintech darling of two years ago Lending Club? The Lending Mo’ Repeat Award – Goes to both nCino in commercial and Encompass in mortgage for maintaining strong market momentum in 2017. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

Abrigo

JUNE 15, 2023

Protect the financial institution from money laundering through real estate FinCrime professionals should be able to detect when real estate is being used for money laundering, especially given heightened Russian sanctions Would you like other articles like this in your inbox? You might also like this Russian sanctions compliance checklist.

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Training Regulation Compliance System 195