Chris Skinner

MAY 1, 2017

I’m regularly blogging and talking about the legacy economy known as America. Back in December, I picked up on this new Office of the Comptroller of the Currency (OCC) Ruling to issue national FinTech bank charters. FinTech community on edge As it turned out, the proposal caused a firestorm among numerous FinTech industry stakeholders.

America 211

America Fintech National Regulation 211

Abrigo

AUGUST 20, 2021

When the Financial Crimes Enforcement Network (FinCEN)’s released its inaugural national priorities list for policy related to anti-money laundering and countering the financing of terrorism (AML/CFT), one of the eight priorities included on the list was transnational organized crime (TOC). Read our blog series on the FinCEN's priorities.

Training 195

Training Strategy Fraud National 195

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. As overseers tighten the leash with stringent regulations aimed at protecting consumers, the cost of compliance grows.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job."

Community Bank 150

Community Bank Community FDIC Survey 150

Abrigo

NOVEMBER 18, 2019

This increase in cash escalates the threat of robberies, assault, and other aggressive crimes both at these businesses and in the surrounding communities. It also allows financial institutions to properly monitor for and report on suspicious activity, ensuring that the CRBs in their communities are legitimate. What about hemp?

Regulation 150

Regulation Community National Operations 150

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. Popular Bank and its affiliates are not affiliated with ATM National, LLC.

Community 52

Community Florida Study ATM 52

Abrigo

FEBRUARY 8, 2022

Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Below are 10 things NBFIs should do to ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

Risk Management 222

Risk Management Management Lending Capital 222

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. See Part I: Implications for Community Financial Institutions.

Compliance 195

Compliance Regulation Resources Policies 195

Abrigo

NOVEMBER 21, 2019

The US is at a disadvantage without a national beneficial ownership registry. . Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community. Is a national beneficial ownership database in the works? BSA Rules and Regulation. BSA Rules and Regulation.

United States 195

United States Regulation National Taxes 195

Abrigo

JUNE 13, 2022

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. The latest survey indicates that COVID-19 has impacted bank community engagement. However, banks continue their outreach to older customers, with 47% of respondents hosting community events.

Fraud 195

Fraud Training United States Survey 195

PopularBank

MAY 24, 2024

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care. Stay informed.

Operations 52

Operations Training Community Meeting 52

Abrigo

DECEMBER 10, 2019

According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. Fifty-six percent of all survey respondents host community outreach and education events for older customers. BSA Rules and Regulation. BSA Rules and Regulation.

Fraud 284

Fraud Study United States Training 284

Abrigo

SEPTEMBER 10, 2021

See Part I: Implications for Community Financial Institutions. October 26 is now nationally recognized as BSA/AML Day.) However, the importance of this risk management function is not only essential to the financial institution, but also critical to our country, our communities, and our loved ones. BSA Rules and Regulation.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. According to the new advisory , t wo fraud typologies are trending: imposter scams and money mule schemes. Member Business Lending.

Fraud 195

Fraud Lending Software Analytics 195

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. and CDD will be top of regulators' minds for some time.

Resources 195

Resources Texas Analysis System 195

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

CFPB Monitor

JULY 15, 2020

When the OCC issued its final Community Reinvestment Act (“CRA”) rule on May 20, 2020, the agency acted alone without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued its proposed rule. This is the fourth in a series of five blog posts about the OCC’s CRA final rule.

FDIC 78

FDIC Community Bank Community Regulation 78

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. Yesterday the Federal Reserve announced how “the big banks” fared on their annual stress tests (The Wall Street Journal’s Briefly blog offers what to know and what is relevant about the exams). ” Blog Bank'

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Abrigo

FEBRUARY 27, 2020

Our Transparent AI is easy to explain to regulators. . Mosier will oversee FinCEN’s work to protect the financial integrity and national security of the United States by advancing the agency’s engagement with new technologies within the financial industry. Artificial Intelligence. BSA Software. Learn More. Artificial Intelligence.

Innovation 195

Innovation Software United States Compliance 195

Abrigo

SEPTEMBER 26, 2014

Within the financial industry, the word “regulation” often receives a mixed reaction. What’s been mostly out of the mainstream news cycle, though, is the effects of regulation following the financial crisis on the community banks– specifically, credit unions. ” Blog Credit Union'

Capital 192

Capital National Regulation Risk Management 192

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. We perform this service for dozens of community banks.

Lending 60

Lending Regulation Community Community Bank 60

Abrigo

DECEMBER 4, 2015

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

North Carolina 150

North Carolina Ohio DC Regional 150

Abrigo

JUNE 5, 2015

In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations. Stress testing is one such area where many smaller banks are feeling the weight of regulation.

Risk Management 150

Risk Management Community Bank Regulation Survey 150

Abrigo

AUGUST 5, 2020

is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent. Credit risk management has been a cornerstone of community banking, and it will continue to be a top priority in this unique credit environment. Learn More.

Management 195

Management Risk Management Trends Industry 195

Abrigo

NOVEMBER 11, 2021

The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. This may include community financial institutions and credit unions. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. This may include community financial institutions and credit unions. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. This is the first in a series of five blog posts about the final rule and related topics that we will publish in the next few weeks. of Community Development Fund Advisors. to 1:00 p.m.

Community 60

Community FDIC Lending Examples 60

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. In the case of most open-source and commercial components, the NIST National Vulnerability Database provides a continuously updated list of known or suspected vulnerabilities.

Compliance 332

Compliance Security Software System 332

FICO

JUNE 19, 2018

Last week, the National Board for Customer Disputes in Sweden, after reviewing cases referred to them, have ruled that banks should be liable for so-called "push payment" fraud losses over a certain amount. Authorised push payment fraud , or APP fraud, is gaining in popularity in the criminal community.

Fraud 67

Fraud Payments ATM Regulation 67

Abrigo

AUGUST 26, 2015

This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. There’s been much back and forth over the last week on this subject and the NCUA’s desire to stick to a 12-month examination cycle for the financial institutions it regulates.

Survey 150

Survey Community National Community Bank 150

Money and Payments

AUGUST 14, 2023

Well, it's a long story with quite some history (see this blog here , here and here ) but I will try to summarize the situation as of mid August 2023. Blog may be adapted over time by the way. Where can I find the disputed requirement(s) in the EU regulation? What is this annulment procedure all about? So this begs the question.

Regulation 36

Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

Well, it's a long story with quite some history (see this blog here , here and here ) but I will try to summarize the situation as of mid August 2023. Blog may be adapted over time by the way. Where can I find this requirement in the EU regulation? What is this anullment procedure all about? Why is the requirement challenged?

Regulation 36

Regulation Data Maine Operations 36

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule applies to national banks and federal savings associations. We will share our reactions to the final rule in subsequent blog posts.

FDIC 78

FDIC Lending Retail Compliance 78

CFPB Monitor

JULY 8, 2019

Supreme Court’s Inclusive Communities decision and confirms its plans to hold a symposium on disparate impact and the ECOA. In conjunction with the symposium, the Bureau released its third “Data Point” report focused on “credit invisibles.”

Lending 60

Lending Report Policies Compliance 60

BankUnderground

OCTOBER 26, 2021

Royal monetary policy was conducted by practitioners recruited from the moneychangers and nascent banking community. Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. Monetary theory and policy in Medieval France. or leave a comment below.

Policies 114

Policies Taxes Maine National 114