Abrigo

JULY 21, 2021

Key Priority: Foreign and Domestic Terrorist Financing Among FinCEN's first list of key priorities for AML/CFT policy is detecting, reporting, and preventing foreign and domestic terrorism. See Part I: Implications for Community Financial Institutions. Would you like others articles like this in your inbox? Continuing education.

Training 195

Training National Strategy Regulation 195

South State Correspondent

APRIL 10, 2023

This development should strongly motivate community banks to consider the benefits of loan-level hedging. The proportion of fixed-rate loans has increased for community banks over the past four years. We believe that prudent risk management is not predicated on trying to predict interest rates relative to the forward curve.

Community Bank 195

Community Bank Community Security Capital 195

Abrigo

JUNE 8, 2022

World Elder Abuse Awareness Day is an international United Nations observance day commemorated each June 15 by most countries around the globe. Elder abuse and elder financial exploitation (EFE) are growing concerns in our families and communities, especially as the baby boomer generation hits their senior years. Need to Know.

Training 195

Training Fraud National Resources 195

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Evolving risks. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. Cyber reporting.

Compliance 100

Compliance FDIC Community Bank Community 100

FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws.

Risk Management 40

Risk Management Management Security Guidelines 40

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

SEPTEMBER 10, 2021

financial system enhanced the criticality of detecting and reporting financial crime, including the financing of terrorist acts against our country. . The 9/11 Commission Report mandated by Congress after the attacks exposed this misconception, proving that the financing of the terrorists did flow through the U.S. Before 9/11.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. Measuring the cost of fraud losses.

Fraud 195

Fraud Training Trends Compliance 195

Abrigo

MARCH 17, 2022

However, community financial institutions can incorporate the new scenarios for their own stress tests to help determine how their capital levels will fare in severe economic situations. Prudent stress testing as a risk management tool helps the enterprise see where the potential pitfalls are in their plans.

Capital 195

Capital Regulation Risk Management Community 195

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? Nationally, the picture is a fine one. A recent data report culled from Sageworks Bank Information , a web-based data platform that includes financial and regulatory information on every U.S.

Lending 188

Lending South Carolina Miami Community Bank 188

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. The reports were positive: all 31 stressed banks “passed,” showing that they are stronger than they have been at any time since the tests began in 2009, the Fed reported. Stress testing is a critical risk management technique that deserves bolstering.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Abrigo

JUNE 5, 2015

Sorrentino says, “As the backbone of the US economy, our nation’s growth depends on community banks figuring out how to operate in this ever-increasing regulatory environment. It will require transparent communication and consideration of examiners on all levels of the bank’s functions. Click here to take the survey.

Risk Management 150

Risk Management Community Bank Regulation Survey 150

Abrigo

FEBRUARY 15, 2023

Existing obligations require financial institutions to monitor, identify, and report terrorist financing activity. intelligence community clarify who is considered a domestic or foreign terrorist and provide activity patterns to add to banks’ monitoring systems and manual reviews of transactions. from the U.S. or internationally.

Fraud 195

Fraud United States Training Policies 195

Abrigo

MAY 22, 2015

Indeed, a number of recent reports have raised concerns that renters will increasingly find it difficult to afford rental units. The newsletter includes interviews with community bankers that are active small-loan lenders in the small multifamily rental space. Stiel in a section describing underwriting challenges.

Marketing 150

Marketing Community United States Guidelines 150

PYMNTS

DECEMBER 14, 2020

Smart technologies have enormous potential to improve both human life and the health of the planet,” stated the World Economic Forum’s 2020 Wild Wide Web report. In fact, the latest WEF survey ranks cyberattacks as the seventh most likely risk, and the eighth-most impactful. Not All Bad.

Google 192

Google Security Washington Risk Management 192

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 194

Fintech Community Regional Technology 194

Abrigo

AUGUST 5, 2020

is officially in a recession, according to the National Bureau of Economic Research. Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. The national effects remain opaque and will continue to change – do not get complacent.

Management 195

Management Risk Management Trends Industry 195

PYMNTS

FEBRUARY 8, 2019

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year. ANNA Money.

Fintech 188

Fintech Capital New York City Analysis 188

Jeff For Banks

DECEMBER 9, 2020

Start integrating the financial risks from climate change into governance frameworks, risk management processes, and business strategies. I visited the Task Force for Climate-related Financial disclosures website and downloaded their report to see what Superintendent Lacewell was talking about (see picture).

Lending 78

Lending Regulation Community National 78

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. Start Now’. Start now.” “At

Resources 195

Resources San Antonio Data Regulation 195

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. Be aware of existing or emerging risk concerns. increased operational risks. By Karen Hoffman.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters. 2% to 3.9%.

Marketing 145

Marketing Policies Report Atlanta 145

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 170

Idaho Community Industry Strategy 170

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

Abrigo

OCTOBER 9, 2019

In a recent survey by the National Association for Business Economics, 74% of economists who responded expect a recession by the end of 2021. Charge offs were close to zero for most banks since 2013, according to call report data from S&P Market Intelligence.

Data 150

Data Exercises Software Tools 150

FICO

FEBRUARY 21, 2023

Expectations from Visa are that the GDP will turn negative once again in Q1 and Q2 of 2023 leading The National Bureau of Economic Research to declare a recession. 19 report on Consumer Credit). These figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution.

Trends 52

Trends Industry US Cards 52

PYMNTS

NOVEMBER 21, 2016

“The communities and local economies that they serve rely on this capital to succeed and thrive.” ” This concept considers the role that small businesses play in their local and national economies overall. Still, banks can’t heighten their small business lending volume for the good of the national economy.

Lending 100

Lending Meeting National Community 100

Jeff For Banks

MAY 20, 2017

and New York Community Bancorp called off their planned merger. Both institutions were over the CRE concentration guidelines, so putting them together would exasperate this risk, so the regulatory thinking must have been. They need a marketing person to title their reports. We perform this service for dozens of community banks.

Lending 60

Lending Regulation Community Community Bank 60

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Curry offers a brief update about a few current regulatory issues on his mind, including his agency’s concerns about signs of growing credit risk throughout the banking industry. Curry, U.S. Comptroller of the currency. An interview with U.S.

Community Bank 70

Community Bank Community Regulation Compliance 70

PopularBank

JUNE 18, 2020

In the National Federation of Independent Businesses (NFIB) Research Center’s survey of small businesses, which took an early snapshot of the economic fallout from the coronavirus through the month of March: . 92% of businesses reported being negatively impacted . 31% reported supply chain disruptions .

New York 52

New York New York City Retail Survey 52

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Risk levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Risk levels have a five-point range.

Tools 70

Tools Community Community Bank Security 70

FICO

JUNE 7, 2022

Previously, these were published on the FICO Community, but going forward they will be published on the FICO.com blog. FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers. FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers.

Trends 52

Trends Industry Cards Analytics 52

CFPB Monitor

DECEMBER 30, 2020

The temporary appraisal flexibilities provided by Fannie Mae and Freddie Mac in response to the COVID-19 national emergency provide for alternatives to a traditional appraisal that is based on an inspection of a home’s interior. The FHFA states “[s]tudies.

Policies 78

Policies Tools Training Data 78

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. billion of assets under management. It was always clear how much Jones loves his credit union, his team and his community.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 22, 2014

It’s been a busy year integrating recent acquisitions, purchasing $1 billion+ in Banco Popular deposits, hiring former Los Angeles Mayor Antonio Villaraigosa to advise on community relations, and having former President Bill Clinton speak at a major financial literacy event. Nice community bank culture fit between the two as well.

Los Angeles 101

Los Angeles Apple Risk Management California 101