Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

Abrigo

AUGUST 19, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

Abrigo

AUGUST 19, 2020

Key Takeaways COVID-19-related fraud are not new typologies; they just have a new spin. Adjusting your velocity scenarios can help detect money mule scams and check fraud. . COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

Fraud 195

Fraud System Trends Software 195

PYMNTS

NOVEMBER 9, 2018

Carlson Wagonlit Travel has debuted a study that shows that as many as 46 percent of American and European business travelers have said they used company cards to make personal transactions. Six in 10 corporate road warriors around the globe have corporate cards, said the data. Faster Payments/Faster Fraud in the UK?

Cards 150

Cards Fraud Policies Ohio 150

Abrigo

MARCH 7, 2022

Experts weigh in on regulatory hot topics for 2022 Review these 10 insights into what regulators are looking for in 2022 to help your financial institution pass exams with flying colors. Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. The next expected rulemaking will revise FinCEN’s customer due diligence (CDD) rule to bring current regulations in line with the first two rules. billion to fraud in 2021, a 70% increase over the prior year.

Fraud 195

Fraud Training Regulation Trends 195

Abrigo

FEBRUARY 15, 2023

When considering each of the eight AML/CFT priorities FinCEN identified in 2021, banks and credit unions must evaluate the risks and incorporate them into their policies and procedures to meet regulatory expectations. Fraud - Fraud is believed to be the largest generator of proceeds for criminals in the U.S. or internationally.

Fraud 195

Fraud United States Training Policies 195

PYMNTS

JANUARY 10, 2018

Oversight Systems has updated its Insights On Demand software-as-a-service (SaaS) solutions to provide managers with quicker ways to identify expense report fraud. businesses lose $1 billion every year due to employee expense fraud. The solutions help companies remain compliant with regulations like the U.S.

Fraud 100

Fraud Tools Policies Risk Management 100

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Rapid Growth.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Trends Compliance Technology 195

Abrigo

NOVEMBER 22, 2021

Major consumer loan compliance regulations. Major consumer loan compliance regulations cover everything from taking applications and approving or rejecting the credit to collecting payments and reporting to the government on various aspects of the loans. Regulation Z, which implements the Truth in Lending Act (TILA).

Compliance 195

Compliance Lending Risk Management Regulation 195

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

PYMNTS

MAY 16, 2018

As GDPR takes effect late in the month, firms must be compliant with new rules and regulations. Also noted by the site, Ernst & Young’s Global Fraud Survey has set its sights on compliance efforts. Local news stories show that fraud – across payroll schemes and otherwise – remains alive and well across the globe.

Fraud 100

Fraud Compliance Cleveland Ohio 100

Abrigo

MARCH 22, 2023

Understanding trade-based money laundering Addressing the FinCEN priorities in your AML/CFT policy means knowing what steps to take to prevent trade-based money laundering and terrorism funding. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

CFPB Monitor

MAY 4, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittance transfers, and student loan servicing that were completed between July 2021 and December 2021.

Cards 78

Cards Report Management Policies 78

Abrigo

SEPTEMBER 3, 2021

Takeaway 2 Fraud prevention, AML, and IT must communicate regularly and cross-monitor for cybercrime threats. Takeaway 3 Fraud monitoring software and other preventative measures can help financial institutions protect themselves against cyber attacks. . BSA Rules and Regulation. BSA Rules and Regulation. BSA Training.

Training 195

Training Software Fraud Security 195

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. It also limited the restrictions that issuers and payment card networks can place on the processing of an electronic debit card transaction. . Proposed Amendment to Regulation II. New Lawsuit. In 2014, in NACS v.

North Dakota 78

North Dakota Cards Regulation Fraud 78

PYMNTS

MARCH 20, 2020

In today’s top news, Bank of America will offer mortgage, credit card and other loan deferments to customers impacted by the coronavirus, and India is moving to tighten controls on Big Tech companies by requiring them to turn over data. The drafted policy also calls for a new regulator to provide oversight and enforce compliance.

Data 140

Data Payments America Fraud 140

PYMNTS

NOVEMBER 22, 2019

Goldman CEO Denies Claims Of Apple Card Credit Biases. Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference that the Federal Reserve is mulling an audit of the governance structures and compliance policies of tech firms. There’s no gender bias in our process for extending credit.”

South Dakota 101

South Dakota Apple Taxes Cards 101

CFPB Monitor

SEPTEMBER 23, 2019

The report discusses the Bureau’s examination findings in the areas of automobile loan originations, credit card account management, debt collection, furnishing, and mortgage originations. Credit card account management. The CFPB has released the Summer 2019 edition of its Supervisory Highlights.

Cards 60

Cards Report Policies Regulation 60

FICO

APRIL 18, 2018

FICO today unveiled several solution upgrades that will help banks, lenders, fintechs and other institutions fight fraud and financial crime. These solutions bring unparalleled efficiency and machine learning capabilities to fraud, risk and compliance professionals. FICO ® Card Compromise Manager 2.0

Fraud 53

Fraud Analytics Miami Florida 53

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. Mistakes, system glitches and fraud happen. Regulation CC. By Mary Thorson Wright. The road to resolution.

Community Bank 91

Community Bank Regulation Community Training 91

PYMNTS

DECEMBER 16, 2020

Part of this is because these agencies are not used to managing multiple payment types, said Linda Jun , senior policy counsel for consumer financial advocacy group Americans for Financial Reform. One tool that could potentially be used to meld digital and paper-based offerings is the use of prepaid cards, she explained.

Mobile 234

Mobile Tools System Regulation 234

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Illustration by Cnythzl/iStock. By William Atkinson. Cybercrime could cost $10.5

Community Bank 134

Community Bank Community Fraud Texas 134

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Debit card interchange fees and routing. The Federal Reserve Board finalized updates to the board’s rule for debit card transactions. Peer-to-peer fraud. Illustration by Monster Ztudio/Adobe.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

AUGUST 31, 2023

Forbes reports that not only do LGBTQ+ members have to work harder to achieve equal levels of financial stability, but standard policies may not accommodate them. When customers have no legally issued ID, alternative know-your-customer policies are indispensable. However, 16% of Americans do not drive.

Compliance 195

Compliance Community Training System 195

PYMNTS

JULY 12, 2019

As a result, banks, credit unions and payment card networks are hesitant to participate. Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. State and federal regulation can ensure that those consumers are using safe products.

Retail 154

Retail Colorado Regulation Compliance 154

FICO

SEPTEMBER 18, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity-based application fraud.

Fraud 51

Fraud How To Policies Strategy 51

American Banker

AUGUST 9, 2023

The Seafarers International Union sued Bank of America's senior managers and board alleging breach of their fiduciary duty in managing a prepaid debit card program that distributed unemployment benefits during the pandemic.

Fraud 69

Fraud America Cards Management 69

FICO

SEPTEMBER 20, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity fraud, specifically for application fraud.

Fraud 45

Fraud How To Policies Strategy 45

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. They say gift cards are the gift that always fits. As an addict, I just feel like I go to any length.”. Kristin Booth, 23, agreed with her.

Retail 105

Retail Fraud Cards Florida 105

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 In the December Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new regulations in Ireland, charitable CU donations for the holiday season, and how emotional marketing is leveling the playing field between CUs and their competitors. billion in car loans, a 6.9

Data 131

Data Lending Michigan Regulation 131

PYMNTS

SEPTEMBER 26, 2016

s Payment Systems Regulator (PSR) is gearing up to look into complaints from consumer group Which? wants banks to create better ways to prevent the fraud from happening to begin with. The consumer group raised the issue as a super complaint with regulators in the U.K., According to the report , Which? What’s more, Which?

Groups 100

Groups Fraud Regulation Policies 100

Banking 2020

NOVEMBER 18, 2015

Australia is toying with the idea of creating an opt-in function for contactless cards, in a move that highlights the problems around coping with new payment technology and how fraud risks are handled. Lawmakers accepted police recommendations that tap-and-go cards were behind a rise in deception offences. Legal constraints.

Cards 40

Cards Fraud Policies Technology 40

PYMNTS

MAY 8, 2018

Walmart is changing its opioid policy following recommendations from the Centers for Disease Control and Prevention (CDC), limiting the length of the opioid prescriptions it will fill and only accepting e-prescriptions starting in 2020, according to CNN Money reports.

Tennessee 101

Tennessee Policies Retail Fraud 101

PYMNTS

AUGUST 6, 2018

Facebook Talks To Banks About Checking, Card Data. Facebook has been talking with banks about sharing customer data, such as checking account balances and card transactions, according to a new report. Walmart Enters Partnership On Meal Kits. The coffee chain said today (Aug.

social media 100

social media Bitcoin cryptocurrency Regulation 100