Abrigo

APRIL 21, 2020

Key Takeaways Beneficial State Bank, a Community Development Financial Institution (CDFI) was able to award SBA approval for 333 Paycheck Protection Program loans worth $94.5 The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans.

Security 195

Security Lending Community Oakland 195

Abrigo

MAY 15, 2020

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. This is welcomed news for community financial institutions. Lending & Credit Risk. Member Business Lending. SBA Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. If a business secured a PPP loan, it is still eligible to apply for an MSLP loan; however, MSLP loans are not forgivable. While this is a promising sign, 13.3%

Maine 195

Maine Lending Regulation Resources 195

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

Community Bank Kansas City Community Lending 195

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. A CFPB 1071 resource page for lenders , content, and educational webinars will walk lenders through requirements and preparations.

Data 195

Data Lending Compliance 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. Lending & Credit Risk. Member Business Lending. SBA Lending. Ag Lending. CRE Lending. SBA Lending.

Fraud 195

Fraud Lending Software Analytics 195

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.

Training 259

Training Community Software Texas 259

Abrigo

SEPTEMBER 11, 2023

You might also like this webinar, "Banking as a service: Objectives, opportunities, and obstacles." Automation also helped financial institutions better serve their communities by, for example, reducing the time it takes to process a loan application. Fintechs have developed a strong competency around these advances.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

OCTOBER 16, 2023

Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions. De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities.

Training 221

Training Compliance Fraud Policies 221

Abrigo

OCTOBER 16, 2023

Watch webinar Takeaway 1 Recent FinCEN consent orders show that weak compliance programs are coming under more scrutiny, especially at gap institutions. De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities.

Training 195

Training Compliance Fraud Policies 195

Abrigo

MAY 11, 2020

One of the key values community financial institutions have always leaned into is their relationships with their customers, but these relationships have been put to the test amid the coronavirus pandemic. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

US 195

US Lending Community Technology 195

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. We have webinars , whitepapers , and other resources to make your job easier. Main Street Banking: A Podcast for Community Bankers 8. or largely focused on the domestic banking market.

Community 195

Community Lending Maine Resources 195

Abrigo

JULY 5, 2020

Secure online portals allowed PPP loan applicants to upload required documents, and many credit unions finalized borrower applications with electronic signatures. But historically, SBA lending and member business lending isn’t a major focus among credit unions. The SBA didn’t break out larger credit union PPP lending activity.)

Technology 195

Technology Lending Capital Meeting 195

Abrigo

SEPTEMBER 5, 2023

You might also like these on-demand webinars on tackling common credit risk questions. unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). The following is an example of how I would address the structural exception of non-recourse lending.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

JULY 27, 2023

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 in banking and finance. For example, launching a new lending program is a great opportunity to explore a new know-your-customer platform. What is regtech?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

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. For example, launching a new lending program is a great opportunity to explore a new know-your-customer platform.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

MAY 21, 2020

Key Takeaways The PPP forgiveness process is a major concern among community financial institutions, and many worry about having the resources to handle it. The PPP forgiveness process is a major concern among community financial institutions. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

Lending 195

Lending Community Report Resources 195

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

MAY 13, 2020

In other words, some financial institutions will finally have the proof of concept that using technology to transform their usual business-lending processes is the way to go. ‘A small- and midsize-business (SMB) lending ecosystem acquired new capabilities via their participation in PPP,” the report said. Lending & Credit Risk.

Lending 195

Lending Report Technology System 195

Abrigo

APRIL 10, 2017

In a recent Sageworks webinar , Ancin Cooley of Synergy Credit Union Consulting took a deep dive into five areas that credit unions interested in growing their MBL portfolios need to be aware of in order to effectively manage risk in the MBL portfolio. Next, Ancin moved into a discussion of the current regulatory environment around MBL.

Regulation 150

Regulation United States Lending Community Bank 150

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

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

Lending Fraud Operations Ohio 195

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243

Lending St. Louis Community Marketing 243

Abrigo

MAY 30, 2023

Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities. Would you like to stay up to date on CFPB 1071 implementation?

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

AUGUST 23, 2017

“When considering member business lending and the consumer portfolio where many credit unions focus, change management to prepare for CECL can be even more difficult with a credit union,” says Danny Sharman, risk management consultant at Sageworks during a recent CECL webinar – Data Quality for Credit Unions.

Data 150

Data Lending Meeting System 150

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

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. CECL Accounting. Portfolio Risk & CECL.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

APRIL 14, 2020

What we have now is not a series of less secure banks being hit with losses, but rather strong banks and borrowers having to adapt to a sudden change in overall economic activity. This flow of repayments is the major source of “liquidity” in the community banking system. Lending & Credit Risk. SBA Lending. learn more.

Community 195

Community Lending Meeting Marketing 195

FICO

NOVEMBER 29, 2018

Other programs are available to businesses to find investors, conduct R&D or to secure bonding. 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. Or visit our website.

Community 67

Community Community Bank Policies Leadership 67

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

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

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

Gonzobanker

APRIL 8, 2020

Pages should have calls to action in shareable content like blogs, videos and webinars that encourage consumer and business engagement, and they should be used across digital marketing mediums like blogs, alerts, calling/texting the contact center and auto-scheduling appointments.

Leadership 170

Leadership Analytics System Digital Banking 170

Abrigo

FEBRUARY 8, 2022

NBFIs are broadly defined as institutions other than banks or credit unions that offer financial services, such as money services businesses, casinos and card clubs, trust companies, securities and commodities, firms, and insurance companies. Watch Webinar. Consent Orders More Common. NBFIs need written AML program. keep me informed.

Compliance 195

Compliance Training Regulation Fraud 195

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

Community Bank 196

Community Bank Community National Fresno 196

Abrigo

MARCH 13, 2023

Much attention has been placed on the sale of the securities portfolio at a loss and if that move itself was causal. Banks in rural America are not going to have the same kind of lending activities, or depositor relationships as this bank seemingly had. Lending to startup companies with a plan to go public is not itself a problem.

Strategy 195

Strategy Lending Security Analysis 195