Abrigo

NOVEMBER 9, 2020

Loan administration is a basic and yet far-reaching process of lending. A smooth, effective loan administration process is like the defensive line against unnecessary loan losses, given that it impacts operations from the time a loan is approved until it is off the bank or credit union’s books. Lending & Credit Risk.

System 195

System Lending Software Risk Management 195

FICO

MAY 2, 2023

I sat down with UK lenders in two roundtable discussions in March to explore the different approaches being taken to Consumer Duty compliance. Get the Best out of Data To get past this challenge, firms should be seeking to ensure that their decision making is at a customer level and does not operate in departmental or product siloes.

Compliance 52

Compliance How To Tools Strategy 52

Abrigo

APRIL 6, 2022

In this guest column by Jeffrey Taft and Matthew Bisanz of Mayer Brown 's Financial Services Regulatory & Enforcement practice, learn more about how to be ready for compliance. The new requirements become effective on April 1, 2022, but compliance is not required until May 1, 2022. Expand and Clarify. Be Prepared.

Security 195

Security Regulation District of Columbia United States 195

Abrigo

JUNE 4, 2020

Another, more vague exemption involves the borrower documenting an inability to return to the same level of business activity that the business was operating at before Feb. 15 due to compliance with requirements or guidance from the U.S. Lending & Credit Risk. SBA Lending. CRE Lending. CRE Lending.

Lending 195

Lending Risk Management Management Community 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

FEBRUARY 5, 2021

3 asked the Small Business Administration (SBA) to address quickly “significant operational, system and communication challenges,” including applications being erroneously denied due to validation checks in place this round. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Learn More.

Fraud 195

Fraud Lending Taxes Regulation 195

Abrigo

JANUARY 14, 2021

There are other risk factors to consider with PPP loans In addition to possible hard dollar losses, financial institutions should consider other risk factors when allocating compliance resources to their PPP onboarding and portfolio due diligence: Bad Debt Risks - Loan amounts not forgivable may have a higher level of default. SBA Lending.

Fraud 195

Fraud Compliance Community Trends 195

Abrigo

OCTOBER 14, 2022

They are having to outsource a lot and increase their operating expenses without any offsetting revenue and while dealing with supply chain issues.” Financial institutions should have an LOS system in place or other means to cover this new reporting task before the compliance date arrives. Lending & Credit Risk. CRE Lending.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

APRIL 19, 2019

The B2B FinTech space saw its fair share of venture capital, too, with investors targeting spend management, alternative small business lending, workforce management and enterprise crypto services — plus, some news of a few more investment rounds likely on the horizon. Chainalysis.

Capital 174

Capital Lending Cards cryptocurrency 174

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

Abrigo

JANUARY 24, 2021

15 due to compliance with specific health and safety requirements as outlined in the PPP Flexibility Act. CRE Lending. Lending & Credit Risk. CRE Lending. Lending & Credit Risk. CRE Lending. Lending & Credit Risk. Member Business Lending. Credit Risk Management. Learn More.

Lending 195

Lending Risk Management Management Payments 195

Abrigo

OCTOBER 26, 2020

It is often a thankless job that operates behind the scenes and under strict regulatory scrutiny. I am proud to be a BSA compliance professional because it makes me feel as though I am an integral part of the detection and prevention of money laundering, terrorist financing, and other financial crimes. SBA Lending. learn more.

Fraud 195

Fraud System US Compliance 195

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., When federal banking agencies recently revised their Q&As for CRA compliance , their focus on the use of alternative data caught my eye.

Lending 74

Lending Data Community FDIC 74

Abrigo

FEBRUARY 2, 2015

The cost of compliance in these areas are also high for community bankers. More than three-quarters of the bankers surveyed offered that anywhere between five and 20 percent of their total operating costs are driven by regulations. One reason is that loan officers are under tighter restrictions in all areas of lending.

Community Bank 150

Community Bank Community Regulation Survey 150

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Stress Testing By automating business loan operations with the products listed, banks and credit unions are able to make good loans faster and minimize risk. Electronic Tax Return Reader (ETRR). Loan Pricing. Client Portal.

Software 150

Software Report United States Compliance 150

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management 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

PopularBank

JUNE 10, 2021

We greatly appreciate BauerFinancial’s five-star rating,” said Manuel Chinea, Chief Operating Officer, Popular Bank. The post BauerFinancial Recognizes Popular Bank appeared first on Blog Popular Bank. BauerFinancial is the nation’s leading depositor-focused independent bank rating firm. banks and credit unions since 1983.

New Jersey 98

New Jersey New York Florida Community 98

Abrigo

DECEMBER 1, 2014

As many credit unions are just beginning to develop or expand member business lending (MBL) programs, it is important develop or tighten a sound MBL strategy to ensure long-term success in managing risks. Finally, it is necessary to analyze different approaches based on personnel, operational and financial resources. billion to $43.16

Strategy 186

Strategy How To Resources Lending 186

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Peer lending meets machine learning, with LendingRobot. Maria Gurina (Bus.

Video 40

Video Lending social media Analytics 40

Abrigo

FEBRUARY 9, 2016

As the market has shifted from 2009, almost every bank wants to grow, and they are receiving pressure to do that,” says Peter Brown, director of strategy and operations for the financial institutions division at Sageworks. “At Compliance staff may require certain operational processes that delay credit approval and impede competitiveness.

Compliance 150

Compliance Lending System Data 150

PYMNTS

OCTOBER 9, 2019

Because threat actors often get recipients’ emails from password breach lists, they sometimes include passwords to lend authenticity,” Hunter Johnson, Cofense Professional Services at Cofense, wrote in a blog post. Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

CFPB Monitor

OCTOBER 4, 2022

In this blog post, we highlight a stealth expansion of supervisory jurisdiction and focus on the CFPB’s findings in two key areas: Transcript withholding policies at institutional lenders (e.g. Last week, the CFPB issued a “ Student Loan Servicing Special Edition ” of Supervisory Highlights.

Policies 146

Policies Compliance Payments Training 146

CFPB Monitor

JANUARY 19, 2022

To have organizational standing, the NALCAB was required to show that the rescission of the ATR provisions “perceptibly impair[ed] its ordinary operations.” The district court stayed the compliance date for the payment provisions until 286 days after August 31, 2021 (which would have been until June 13, 2022).

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. Diana Chin (HR & Operations). Helps with mobile onboarding and anti-money laundering compliance. ^SR. We are the global leaders in identity solutions while protecting FI’s and providers from compliance and fraud.” Virtual reality?

Video 40

Video Mobile social media Analytics 40

Abrigo

JUNE 30, 2020

It has also required some operational changes that have been less than ideal. For example, at financial institutions that continue to rely on paper-based BSA/AML systems, the need to send BSA staff home likely meant staffers had to drag files home with them, said Terri Luttrell, Compliance & Engagement Director at Abrigo.

Meeting 195

Meeting Training Conference Software 195

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 11, 2019

Targeting the middle market and large corporates, the company provides data analytics automation for fleet managers to obtain a holistic overview of operations, including mileage, damage, compliance, lease costs and more. XTransfer already operates in China, Hong Kong, the U.K., Canada, the U.S.,

Capital 169

Capital California Analytics Management 169

FICO

JANUARY 29, 2021

Submissions included complex optimization problems, the automation of previously manual business processes and using the power of AI and machine learning to stop fraud and improve lending. Regulatory Compliance – Alfa Bank & Eurobank (tie). You can read more about our judges in this blog post. Financial Inclusion – Grupo Monge.

Meeting 98

Meeting Analytics Florida Fraud 98

Abrigo

AUGUST 12, 2020

Streamline the allowance calculation while bridging your incurred loss model to CECL compliance. Ideally, prior to the close date, the acquiring institution should have a notional valuation, a notional CECL calculation, and both should be operable models going forward. Talk to a specialist. Asset/Liability. Portfolio Risk & CECL.

Capital 195

Capital System Comparison Strategy 195

Abrigo

AUGUST 12, 2020

Streamline the allowance calculation while bridging your incurred loss model to CECL compliance. Ideally, prior to the close date, the acquiring institution should have a notional valuation, a notional CECL calculation, and both should be operable models going forward. Talk to a specialist. Asset/Liability. Portfolio Risk & CECL.

Capital 195

Capital System Comparison Strategy 195

Abrigo

AUGUST 12, 2020

Streamline the allowance calculation while bridging your incurred loss model to CECL compliance. Ideally, prior to the close date, the acquiring institution should have a notional valuation, a notional CECL calculation, and both should be operable models going forward. Talk to a specialist. Asset/Liability. Portfolio Risk & CECL.

Capital 195

Capital System Comparison Strategy 195

FICO

JANUARY 28, 2022

Regulatory Compliance – Not Awarded. You can read more about our judges in this blog post. Armando Junior , general manager, risk and compliance at Dock (previous winner). Sibulelo Ncamani , head of operational risk and governance at Absa Bank (previous winner). Graham Rand , operational researcher and editor of Impact.

Meeting 52

Meeting Fraud Florida Compliance 52

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind. International lending platform – Create opportunities for Investors.

social media 40

social media ATM Mobile Customer Experience 40

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. Interagency fair lending task force. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction. Fintech forum.

Report 68

Report Big Data Lending Survey 68

CFPB Monitor

APRIL 1, 2021

The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). Fair lending. Uses of AI. Enhancing an institution’s ability to provide customized products and services. Potential risks of AI.

Risk Management 78

Risk Management Training Lending FDIC 78

FICO

AUGUST 25, 2021

In my previous blog post , we explored how using pooled models can help you say “yes” to more good credit applicants. MYTH #3: We will always struggle to balance compliance and customer experience. This “enriched documentation” improves CEX, provides transparency, and supports compliance. Can those results be measured?

Compliance 52

Compliance Customer Experience Analytics Lending 52