Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech for banks to enhance their processes. What is regtech?

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Abrigo

FEBRUARY 11, 2022

You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption. 15, 2022 (effectively, by January 1, 2023, for most institutions). Where to Begin. keep me informed.

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Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The GAO report, released on December 30th, examined nine Dodd-Frank rules that became effective as of October 2015 for impact on community banks and credit unions.

Community Bank 150

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Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 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.

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Abrigo

JANUARY 17, 2024

You might like this upcoming webinar, " Unveiling human trafficking: Perspectives, realities, and strategies." Takeaway 2 AML staff should recognize human trafficking red flags and know their customers well to help detect suspicious activity in their communities. Know the red flags to watch for. and worldwide.

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Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

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Abrigo

JUNE 19, 2022

You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined." And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance. keep me informed. Related Subhead.

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Abrigo

APRIL 7, 2022

You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings. Proactive Planning. Get organized.

Compliance 195

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Abrigo

FEBRUARY 14, 2023

Data collection requirements The CFPB 1071 rule is a top compliance concern According to a recent survey , financial institution executives’ top regulatory compliance concern is the final rule from the Consumer Financial Protection Bureau (CFPB) on data collection for small business loan applications.

Data 195

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Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams.

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Abrigo

DECEMBER 11, 2014

While the final guidance clearly applies to larger financial institutions, community banks should still take note. ” The section further details this would only occur under extraordinary circumstances, but community banks should be aware of the new framework and even consider applying the guidelines as a proactive, best practice.

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Abrigo

MARCH 2, 2023

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. But a community financial institution often has different needs related to origination than those of a giant lender. Experts say that would be a mistake.

Technology 195

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Abrigo

NOVEMBER 15, 2019

A strong loan review function is especially important for helping financial institutions be nimble, he explained during the recent webinar “ Best Practices for Credit Analysts.” However, many community financial institutions derive a significant portion of income from lending. Being able to move quickly is a business advantage.

System 150

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Abrigo

DECEMBER 16, 2019

During a recent webinar hosted by the American Bankers Association, an executive with an SEC filer under a 2020 CECL implementation deadline provided first-hand advice on the challenges and progress related to CECL adoption. During the webinar, Felicity Ours, CPA, CRC, of Summit Financial Group (NASDAQ: SMMF), a $2.2 Get started.

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Abrigo

MAY 30, 2023

But compliance deadlines are tiered. However, compliance deadlines for affected financial institutions are tiered so that small business lenders originating the most transactions begin reporting data earlier than less active small business lenders. 1, 2024, is the earliest compliance deadline.

Compliance 195

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Abrigo

JULY 10, 2023

Get more tips for managing the AML program from this webinar: "Conquering BSA challenges: Best practices for managing a successful AML program" DOWNLOAD Takeaway 1 AI can enhance our efficiency, but financial institutions must be on guard against AI fraud. Here are several suggestions for tightening security.

Fraud 150

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CFPB Monitor

AUGUST 6, 2018

On July 26, 2018, the Federal Reserve Board (“ FRB “) announced the launch of the “Consumer Compliance Supervision Bulletin” (the “ Bulletin “) and simultaneously published its first issue. Maternity Leave Discrimination.

Compliance 68

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Abrigo

DECEMBER 8, 2021

Set board expectations The board plays an integral role in creating a culture of compliance. Discuss how the community benefits from being instrumental in stopping illicit activity. Watch Webinar. Provide a copy of the FinCEN Advisory during the training. That is the type of front-page news you want for your institution.

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CFPB Monitor

DECEMBER 19, 2019

The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). ET, Ballard Spahr will hold a webinar, “The FDIC’s and OCC’s Proposed CRA Reform: What You Need to Know.” On January 29, 2020, from 12 p.m. ” Click here to register.

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Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress.

Lending 195

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Abrigo

JANUARY 8, 2020

BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Artificial intelligence is one of the biggest buzzwords in the anti-money laundering (AML) community. Sign up for our upcoming webinar AI, Machine Learning, and Your BSA/AML Program. BSA Software.

Software 195

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Abrigo

APRIL 26, 2022

You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." In 2004, the infamous Riggs Bank (Riggs) case brought political corruption to the top of compliance officers’ lists of reasons not to sleep at night. Even at the community level, U.S. Watch Webinar. Identifying Kleptocrats.

Training 195

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Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Win more small business deals: Watch this webinar on SMB Lending Best Practices. Would you like other articles like this in your inbox?

Lending 195

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PYMNTS

JUNE 9, 2020

FreshBooks Accounting Professionals Program members will get access to a community, customized training and education, innovative technology and tools, and dedicated support. The program will begin with a three-part webinar series that Verhelst will host called “The Future Is Collaborative.” It sets the stage for success.”.

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Abrigo

SEPTEMBER 7, 2023

You might also like this on-demand webinar, "Identifying emerging CRE risks." They can result in sub-optimal lending for community banks and credit unions as well as the communities they serve across the country. help financial institutions adapt quickly to trends.

Report 195

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Abrigo

FEBRUARY 27, 2020

Emerging technologies and financial innovation have been at the forefront of the anti-money laundering and anti-financial crimes community for several years. So, what exactly is machine learning in the context of AML compliance? We heard the innovation call and we’re excited to offer transparent machine learning scenarios within BAM+.

Innovation 195

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Abrigo

OCTOBER 2, 2014

To help banks understand the requirements and associated impacts, Sageworks partnered with Crowe Horwath to lead an informative webinar later this month on preparing for Basel III. It is also important to note that disclosure starts January 1, 2015, which is also considered the compliance deadline for community banks.

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Abrigo

JANUARY 11, 2017

In a recent Sageworks webinar, The Rise of the Accounting Entrepreneur , Jason Blumer compared the accounting industry today to that of the past, and explained how accountants today can lead their firms to greater financial success while finding greater personal fulfillment by becoming entrepreneurs. It isn’t what most people think.

Taxes 150

Taxes Compliance How To Innovation 150

FICO

NOVEMBER 29, 2018

The programs and NAGGL event attract mostly community banks and credit unions across the US because the SBA is known for connecting businesses with their local providers. FICO similarly works to help community banks and credit unions understand how they can increase loans given to those underserved businesses and do so profitably.

Community 67

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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

Abrigo

JUNE 13, 2022

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. Banking Cannabis – Finding More ROI in Your Compliance Department. FinCEN guidance on recognizing elder fraud. Customer Due Diligence.

Fraud 195

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Social Assurance

DECEMBER 4, 2020

Our Annual Marketing and Compliance Survey and Report sought to better understand how some of these changes affected the financial services industry and how community financial institutions responded to the challenges. For more in-depth insights, be sure to download our marketing and compliance report by clicking the link below.

Compliance 15

Compliance Marketing Report social media 15

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

PYMNTS

APRIL 8, 2020

With a focus on compliance, Wolters Kluwer revealed its new solution to enable financial institutions issue PPP loans to small businesses. also known as CSI, is targeting community banks’ PPP lending needs, also configuring its existing lending solution to enable smaller FIs to comply with regulatory requirements.

Lending 245

Lending Fintech America Technology 245

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. Consider a risk-based lookback for your Paycheck Protection Program (PPP) portfolio. Despite the speed and urgency of the loans, financial institutions were not exempt from normal BSA requirements. BSA Rules and Regulation. Card Fraud.

Fraud 195

Fraud Trends Compliance Technology 195

Abrigo

JUNE 5, 2023

You might also like this webinar: "Identifying emerging CRE credit risk red flags" WATCH Takeaway 1 Financial institutions face increased scrutiny over their risk management following recent bank failures. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

Report 195

Report Risk Management Capital Data 195

Abrigo

OCTOBER 27, 2016

In a recent Sageworks webinar , Adam Blitz, principal and consultant with GetBlitzed Solutions , explained how CPAs can position their firms as a place where their clients come to grow their businesses. Perception internally matters as much as how you are perceived externally by clients and in the community,” he noted.

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Taxes social media Examples Community 150