Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. Currently, the accompanying regulations have not been written, so what should community financial institutions take away from these priorities now? Lending & Credit Risk. financial system. Learn more.

Community 195

Community Regulation Training Policies 195

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

Abrigo

JANUARY 17, 2024

Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. One issue that hurts people and communities everywhere is human trafficking, and January is Human Trafficking Awareness Month.

Training 259

Training Community Software Texas 259

Abrigo

FEBRUARY 2, 2015

For most consumers who have a checking account, savings account and maybe a mortgage, the regulations placed on their community bank isn’t given a second thought. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 221

Training Compliance Fraud Policies 221

Abrigo

AUGUST 3, 2015

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens. A recent Forbes commentary, Dodd-Frank, Community Bank Decline, And The Effect On U.S.

Compliance 150

Compliance Community Bank Community Survey 150

Abrigo

OCTOBER 16, 2023

Advice from a former credit union BSA Officer A former compliance officer offers considerations for creating a successful and compliant AML program at your credit union. Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions.

Training 195

Training Compliance Fraud Policies 195

Abrigo

OCTOBER 1, 2014

Today’s youth and others across all age groups are placing a significant importance on consuming local food, developing local relationships and improving local communities. This is great news for community banks. A recent American Banker article discussed why the local food movement is good for community banking.

Community Bank 170

Community Bank Community Capital Lending 170

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

JANUARY 13, 2021

As communities across the country continue to struggle with the effects of the COVID-19 pandemic, good news has surfaced as the Small Business Administration (SBA) announces the rollout of another round of Paycheck Protection Program (PPP) funding. Lending & Credit Risk. SBA Lending. Lessons Learned. Learn More. Learn More.

Fraud 195

Fraud Community Lending Analysis 195

Abrigo

JUNE 4, 2020

15 due to compliance with requirements or guidance from the U.S. Lending & Credit Risk. SBA Lending. CRE Lending. Lending & Credit Risk. 5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty. 5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty.

Lending 195

Lending Risk Management Management Community 195

Abrigo

DECEMBER 17, 2021

For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Download Guide. Asset/Liability. Loan Origination System. Learn More. Learn More.

Fintech 195

Fintech How To Innovation System 195

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In addition to discussing the symposium and Data Point report in the section on “Access to Credit,” the new fair lending report discusses conducting supervisory reviews of alternative credit scoring models.

Lending 60

Lending Report Policies Compliance 60

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

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. If you’re a small institution that only did PPP lending to your existing customers and decided not to do a lookback based on a risk-based approach, document that in your policies and procedures , ” said Luttrell. SBA Lending.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

FEBRUARY 5, 2021

Andy Snow, Senior Vice President of Customer Success for Abrigo, a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions to community financial institutions, said some lenders have been very frustrated. Lending & Credit Risk. SBA Lending. SBA Lending.

Fraud 195

Fraud Lending Taxes Regulation 195

PopularBank

JUNE 10, 2021

Receiving a superior rating by BauerFinancial is a testament to Popular Bank’s financial strength and commitment to our customers and the communities we serve. Find out more about Popular Bank’s commitment to community service at PopularBank.com/About-us/. The firm has been analyzing and reporting on the performance of U.S.

New Jersey 98

New Jersey New York Florida Community 98

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., with the latest evidence seen in developments related to the Community Reinvestment Act (CRA). My colleague has written a series of blog posts detailing our research and the promise that this new score holds.

Lending 74

Lending Data Community FDIC 74

Abrigo

OCTOBER 26, 2020

For this reason, I educate the elderly community as well as civic groups on scam activity and elder financial exploitation.” – Jacqueline Wells, The Farmers & Merchants State Bank. “I SBA Lending. Reporting this activity to the appropriate agency saved the customer from suffering a great financial loss. you need in one platform.

Fraud 195

Fraud System US Compliance 195

Abrigo

OCTOBER 23, 2014

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. The regulatory compliance aspect is critical, CEIS notes. Blog Bank Credit Union'

Risk Management 186

Risk Management Management Lending Resources 186

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog.

Risk Management 221

Risk Management Regulation Management Lending 221

ABA Community Banking

APRIL 18, 2016

Compliance Blogs Common Sense Compliance Fair Lending. Can you really prove discrimination using only data?

Lending 40

Lending Data Compliance 40

Jeff For Banks

DECEMBER 10, 2023

Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. Treasury as a Community Development Financial Institution (CDFI). Treasury to be used to help underserved communities bounce back from the Covid-19 pandemic. Coastal Financial Corporation (Nasdaq: CCB) #3. OFG Bancorp (NYSE: OFG) #4. The Bancorp, Inc.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. If you’re a small institution that only did PPP lending to your existing customers and decided not to do a lookback based on a risk-based approach, document that in your policies and procedures , ” said Luttrell. Card Fraud.

Fraud 195

Fraud Trends Compliance Technology 195

CFPB Monitor

FEBRUARY 23, 2022

Although SPCPs have been available under the ECOA and Regulation B for over 45 years, until the CFPB issued its Advisory Opinion in December 2020, financial institutions were historically reluctant to use SPCPs because of regulatory uncertainty concerning compliance and the potential for examination criticism.

Regulation 78

Regulation Lending FDIC Compliance 78

Abrigo

OCTOBER 4, 2016

As discussed in a previous blog post, Part 1, one such metric is the loan application conversion rate, which measures the efficiency of the lending funnel. Another great resource for getting the word out to the community is to check with local high schools about sponsoring sports teams or placing an ad in the yearbook.

Resources 236

Resources Marketing Strategies Strategy Community 236

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. The CBOT penalty is a solid reminder to all community financial institutions that a robust AML program is critical in guarding against money laundering and terrorist financing risks regardless of size and risk. Lending & Credit Risk. Fundamentals of BSA.

Resources 195

Resources Texas Analysis System 195

CFPB Monitor

JANUARY 19, 2022

federal district court has granted the motions filed by the CFPB and the Consumer Financial Services Association (CFSA) to dismiss the lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). (The The CFSA had intervened in the lawsuit.)

Resources 78

Resources Compliance Lending Industry 78

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. This is an extension of business services, powered by a local community bank. This certainly adds a lot of technological capacity to the community bank. Malauzai enables the community bank to build their own app, “local mobile wallets.”

Video 40

Video Mobile social media Analytics 40

Social Assurance

JULY 17, 2020

Community Spark provides your financial brand the tools to engage, track and share your community impact. To learn more about how Community Spark can help, visit our website. Compliance Deadlines for New CRA Regulations. Compliance deadline for small and intermediate banks. March 2020. October 2020. January 2023.

Compliance 15

Compliance Community Regulation Branding 15

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Report on fraud in African American and Latino communities. Interagency fair lending task force. Fintech forum. Changing demographics workshop.

Report 68

Report Big Data Lending Survey 68

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

Regulation 150

Regulation FDIC Survey Community Bank 150

CFPB Monitor

OCTOBER 18, 2018

On October 17, the Bureau released its Fall 2018 Rulemaking Agenda , but it included a surprise for those interested in fair lending. There is certainly support in the statutory language, and the reasoning of Inclusive Communities, for that result. We blogged about the HUD rulemaking most recently here.

Leadership 74

Leadership Lending Regulation Community 74

PopularBank

MARCH 11, 2020

“This recognition not only speaks to the strength of our organization across many areas, it also signals our long-standing financial performance and commitment to providing the highest level of service to our customers, communities, and partners.” ” BauerFinancial is the the nation’s premier bank and credit union rating firm.

New Jersey 59

New Jersey New York Florida Lending 59

Abrigo

OCTOBER 2, 2014

• Leverage ratio – Includes off-balance sheet exposures and will serve as a “backstop to the risk-based capital requirement,” but could lead to reduced lending. It is also important to note that disclosure starts January 1, 2015, which is also considered the compliance deadline for community banks.

How To 236

How To Capital Community Bank Maine 236