Abrigo

SEPTEMBER 1, 2021

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . Would you like others articles like this in your inbox? BSA Rules and Regulation. Going Forward. What can community financial institutions do? BSA Training.

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Training Regulation Community Austin 195

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

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Management Lending Risk Management Strategy 195

Abrigo

DECEMBER 22, 2023

Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list. Articles on creating a sound credit risk rating system and preparing for the possibility of new requirements such as the CFPB ruling were among the most-viewed throughout the year.

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Lending Risk Management Community Management 221

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

PYMNTS

DECEMBER 19, 2018

The bond market, on the other hand, isn’t the most likely of places for an entrepreneur to seek financing. Typically seen as a low-risk, low-rewards instrument reserved for middle-market and large enterprises, corporate bonds offer the opportunity for businesses to remain private while raising money and diversifying debt.

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Marketing Capital Security Trends 134

South State Correspondent

JANUARY 16, 2024

With the development of the term SOFR market, BSBY offers no perceived advantages over SOFR, Fed Funds, or Prime. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. We provide lenders with education and marketing support to sell the ARC program.

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Community Bank Community Compliance CA 195

Abrigo

MAY 20, 2022

Would you like other articles like this in your inbox? The CAMELS rating is a measure of a financial institution’s risk based on an evaluation and rating of six essential components of its financial condition and operations. Sensitivity to Market Risk: The bank’s position relative to inherent market risks. Learn More.

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Risk Management Management FDIC Meeting 195

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. In this article, we will look at deposit performance data related to high balances and show how banks can dramatically increase value by restructuring relationship-based products and better-allocating marketing/sales dollars more efficiently.

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How To Examples Resources Community Bank 195

Abrigo

DECEMBER 23, 2022

Our top ten blogs were created by Abrigo's team, which includes former bankers, regulators, and industry experts. Would you like other articles like this in your inbox? Takeaway 1 Changing economic landscapes, investment markets, interest rates, customer demand, mergers, and acquisitions affect ALM decisions.

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Resources Risk Management Study Strategy 195

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.

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Lending social media Compliance Regulation 130

PYMNTS

DECEMBER 1, 2019

EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. The preliminary investigation is ongoing,” the EU regulator told Reuters in an email. Google was also ordered to modify its operations. 30), citing the European Commission.

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Google Puerto Rico Data Alabama 151

Abrigo

MARCH 22, 2023

Would you like others articles like this in your inbox? A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Gain confidence in your BSA program.

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Training Fraud New Jersey Regulation 195

South State Correspondent

AUGUST 22, 2022

In 1983, Commodore International, with its Commodore 64 commuter, was the largest personal computer manufacturer in the market controlling over 50% of sales. If you already have a data warehouse or plan to sell the bank in the next 12 months – please skip this article. Banks are on the verge of the same dilemma.

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Data Analysis Marketing System 195

Abrigo

JULY 13, 2023

Would you like other articles like this in your inbox? Many victims are lonely or isolated and don’t understand cryptocurrency markets. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3

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Fraud cryptocurrency Training social media 195

PYMNTS

AUGUST 20, 2018

The case against them, and the decision it rendered, deviated sharply from the traditional Sherman Act cases that accused companies of using their market power to raise prices to the detriment of the consumer. Regulators didn’t destroy A&P in the end. There was one wholesaler for every 43 mom-and-pop operations.

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Regulation Online Innovation Google 105

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

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US Regulation Groups System 168

PYMNTS

JUNE 29, 2020

Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request. Markus Braun, Wirecard’s founder and CEO, was arrested last week on charges of manipulating the market and misrepresenting accounts.

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Taxes Report Financial Technology Digital Banking 223

PYMNTS

OCTOBER 9, 2019

Today’s payment news roundup includes a look at more fears and concerns around Libra, the spreading losses related to Uber and WeWork, fresh PYMNTS research on subscription commerce and churn and a new tool that enables small and medium-sized business (SMB) operators to access their funds instantly via digital and mobile channels.

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Payments cryptocurrency Regulation Operations 145

FICO

JULY 13, 2020

Two months ago, I posted about why it is important for collections operations to adopt a forward-looking approach to debt management – basically the importance of having a clear and compelling vision. New guidelines from the FCA that call for operational resilience in collections reinforce this point. The Expectation for Resilience.

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Meeting Operations Customer Experience Technology 52

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.

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Risk Management Management Regulation Analysis 195

PYMNTS

DECEMBER 5, 2018

The funding will be used to hire staff, “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” said ErisX Chief Executive Officer Thomas Chippas, according to Reuters. We found a proliferation of press releases, white papers and persuasively written articles.

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blockchain Bitcoin cryptocurrency Analysis 166

CFPB Monitor

AUGUST 5, 2021

The amendments include an anti-evasion provision under which a purported agent or service provider is deemed a “lender” subject to Title 9-A, Article 2 of Maine Revised Statutes. Article 2 contains a licensing requirement and rate and fee limits for consumer loans. SP 205/LD 522 added a new Part 7 to Article 2.

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Maine Illinois Operations Payments 78

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

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Risk Management Community Bank Regulation Boston 150

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). based tech firms operating there.

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Google social media Regulation Course 124

Abrigo

AUGUST 20, 2021

Would you like others articles like this in your inbox? The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.” Break the economic power of transnational criminal networks and protect strategic markets and the U.S.

Training 195

Training Strategy Fraud National 195

South State Correspondent

OCTOBER 26, 2023

In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endless vendor pitches. It’s a whirlwind of education, deal-making, eating, and hugging.

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Conference Las Vegas Fraud Case Study 221

South State Correspondent

MAY 2, 2022

Unfortunately, there are many problems with sales funnels, and in this article, we will show why banks should be thinking in terms of “Growth Loops” instead. Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort.

social media 195

social media Management Marketing Resources 195

PYMNTS

OCTOBER 14, 2018

Bitcoin was hit with an $18 billion market loss in just three days. Other cryptocurrencies had an even worse week: Ether, the second-largest cryptocurrency by market capitalization, dropped 12 percent, while the third largest, XRP, is down 18 percent in seven days. and Canadian securities regulators.

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Bitcoin North Dakota blockchain Data 156

Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

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Regulation FDIC National Capital 71

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

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Guidelines cryptocurrency blockchain National 213

Abrigo

JANUARY 11, 2022

Financial institution leaders and decision-makers constantly face choices for how to effectively manage their institutions in the wake of changing economic landscapes, investment markets, interest rates, customer demand, mergers, acquisitions, and more recently, pandemics.

Management 195

Management Meeting Capital Strategy 195

PYMNTS

JUNE 6, 2019

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. The gamble does not pay off for everyone, including hopeful amateurs who often see a quick path to riches, as a recent article in The Atlantic about the “ reverse supply chain ” described. But the opportunities are real.

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Retail New York Online Trends 146

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. Would you like other articles like this in your inbox? This is the fourth post in a series. .

Management 195

Management Meeting Risk Management Operations 195

Abrigo

JUNE 17, 2015

The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest. The challenge is that market conditions in this type of lending tend to be volatile. Production costs 3.

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How To Kansas City Lending Analysis 150

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.

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Report Risk Management Capital Data 195

PYMNTS

MARCH 29, 2019

Anyway, the reason for that rather low collection rate can be chalked up, it seems, to bureaucracy and the size of the robocall offenders, at least going by the WSJ article. “An Not only that, but it doesn’t always take much to soil the credibility of regulators.

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Regulation Examples Policies Compliance 129

Money and Payments

AUGUST 14, 2023

Simply put, the European legislator decided upon promulgating a regulation that obliges future virtual asset providers to broadcast personal data for all transactions along in the international value chain for reasons of preventing money laundering and terrorist finance. Where can I find the disputed requirement(s) in the EU regulation?

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Regulation Data Maine Operations 36