PYMNTS

JUNE 10, 2019

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space. Some regulators aimed to mitigate that impact.

Lending 100

Lending Capital Regulation Survey 100

Abrigo

JANUARY 30, 2024

REGISTER Takeaway 1 Banking and compliance professionals rely on ThinkBIG to elevate their understanding of industry shifts and regulatory pressures. Banking and compliance professionals rely on the annual conference to elevate their understanding of industry shifts and regulatory pressures that hammer them daily.

Conference 195

Conference Arizona Phoenix Fraud 195

CFPB Monitor

JUNE 14, 2021

Two leaders of the CFPB’s Fair Lending Office – Patrick Ficklin, Fair Lending Director, and Charles Nier, Senior Fair Lending Counsel – recently published an article advocating for broader use of special purpose credit programs (“SPCPs”) by creditors.

Lending 78

Lending Regulation Study Washington 78

CFPB Monitor

MAY 6, 2021

A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders.

Maryland 78

Maryland Lending Missouri FDIC 78

CFPB Monitor

AUGUST 1, 2022

The FHFA also issued a request for information (“RFI”) seeking public input on how to facilitate responsible innovation, identify barriers or challenges to implementing fintech into housing finance, support equity for homeowners and renters, and increase efficiency and effectiveness in the compliance and regulatory processes.

Financial Technology 78

Financial Technology Technology Fintech Compliance 78

PYMNTS

APRIL 10, 2017

The lead regulator for U.S. We want to ensure that each customer impacted by our sales practices issue has every opportunity for remediation, and this agreement presents an additional option,” Wells Fargo Chief Executive Officer Timothy Sloan said in a statement. “We Maxine Waters, U.S.

Regulation 100

Regulation California Community Bank Cards 100

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

JANUARY 17, 2024

Look into wires to and from foreign countries more skeptically,” said Terri Luttrell, Director of Compliance and Engagement at Abrigo. “A “Notice patterns such as movement from one place to another in different large cities or a larger than usual number of smaller CashApp or Only Fans transactions.

Training 259

Training Community Software Texas 259

PYMNTS

AUGUST 19, 2019

A draft executive order from the White House might lay out how Big Tech firms curate and present their data. The regulator may be granted the ability to penalize those companies for not complying with age verification checks and parental controls that would shield children from violent or harmful content. CFPB and Payday Lending.

social media 128

social media Regulation Lending Compliance 128

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. The challenges and areas of focus in the implementation of these requirements differ from business to business and I was presented with a selection during the roundtables.

Compliance 52

Compliance How To Tools Strategy 52

CFPB Monitor

JULY 6, 2021

Financial institutions were found to have violated Regulation E by: Failing to comply with provisional credit requirements for disputed transactions. Fair lending. In several examinations that identified such errors, the root causes were deficiencies in the institutions’ compliance management systems. Mortgage origination.

Lending 78

Lending Report Regulation Analysis 78

Jeff For Banks

APRIL 4, 2024

You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Such entities in India were granted relief on Jan. Reliance on such solutions will be a win-win for both the customer and the business,” he said.

Video 175

Video Capital Lending Security 175

Abrigo

DECEMBER 17, 2021

Components of an effective fintech partnership If leveraging new technology is a priority for your FI, ensure these three elements are present for an effective fintech partnership. . For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards.

Fintech 195

Fintech How To Innovation System 195

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. In a recent Abrigo webinar presentation by John Geiringer, partner at the law firm Barrack Ferrazzano , John recapped exam findings and consent orders from 2019. Creating a Culture of Compliance. Avoid Conflicts of Interest Between Profits and Compliance.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

JULY 14, 2023

For example, your top goal for next year might be to expand your lending geographic footprint. Obviously, these two goals are interrelated – without excess liquidity, the institution will need to provide additional funding to meet the target to expand the lending footprint. Learn more about Abrigo Connect.

Strategy 195

Strategy Data Analytics Analysis 195

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. The fraudster typically attempts to siphon the funds before the check is presented for payment. Staying on top of fraud is a full-time job.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

FEBRUARY 11, 2019

Beehive first launched in 2015 in the United Arab Emirates (UAE) to link SMBs to its marketplace lending solution. At the time, the Middle East and North Africa (MENA) region experienced a small business financing gap of $260 billion, presenting a significant opportunity for FinTech firms like Beehive.

Fintech 109

Fintech Tools Customer Experience Regional 109

Abrigo

JANUARY 22, 2016

.” – Albert Einstein Banks generate most of their revenue by lending money, and lending money, by definition, involves a certain amount of risk. Safe lending starts at the origination of the loan, because the most effective way to avoid a troubled loan is to never make the loan in the first place.

Resources 150

Resources Lending Risk Management Compliance 150

PYMNTS

MARCH 30, 2020

He pointed to features that lend themselves well to banking on mobile devices. As more fraud shifts from card-present to card-not-present commerce, it’s been imperative to thwart attempts to impersonate consumers and assume control of their accounts.

Tools 143

Tools Fraud Data Security 143

CFPB Monitor

MARCH 27, 2017

The Office of Inspector General for the Fed and CFPB has issued a report on the results of an evaluation it conducted to determine whether the CFPB effectively mitigates the risk of potential conflicts of interest associated with using vendors to support fair lending supervision and enforcement.

Report 60

Report Lending Analysis Regulation 60

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. Use a software tool [and] ensure your auditors and regulators are in the loop on progress.”

Survey 195

Survey Software Resources Meeting 195

BankUnderground

APRIL 28, 2023

The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress. Additionally, regulators in various jurisdictions have been trying to create simpler (but not weaker) regulatory frameworks for small banks.

Capital 78

Capital Lending US Data 78

PYMNTS

JULY 2, 2018

Reports in The Australian Financial Review on Friday (June 29) said that six alternative lending players have committed to sign a “code of lending practice,” a move that garnered praise from the nation’s small business ombudsman.

Lending 100

Lending Comparison Fintech Compliance 100

Bank Innovation

MARCH 19, 2020

For insights into these questions, Bank Innovation and INV Fintech, its sister banking innovation services platform, will present a special Zoom meeting on […]. What is the role of innovation in response to these rapidly unfolding events? How will banks and startups work together?

Meeting 293

Meeting Fintech Innovation Customer Experience 293

CFPB Monitor

OCTOBER 1, 2018

corporations, partnerships, sole proprietorships, and trusts) to facilitate the purchases of property and casualty insurance policies, otherwise known as premium finance loans or premium finance lending. loan volume is quoted and recorded electronically.” loan volume is quoted and recorded electronically.”

Regulation 60

Regulation FDIC Policies Compliance 60

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities. By Vanessa Drucker.

Community Bank 70

Community Bank Compliance Risk Management Community 70

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

PYMNTS

FEBRUARY 20, 2018

As with other forms of financing, alternative lenders have stepped into this space to fill that gap left by traditional banks – and yet, the gap remains, highlighting the limitations of alternative lending’s proliferation in recent years. Alt-Fin’s Limited Impact. FinTech Steps In.

blockchain 100

blockchain Lending Regulation Technology 100

CFPB Monitor

OCTOBER 27, 2022

In that regard, a significant requirement under AB 2311 is a new notice, which must be presented with a heading at least 12-point bold type and with text in at least 10-point bold type, reading as follows: STOP AND READ: YOU CANNOT BE REQUIRED TO BUY A GAP WAIVER OR ANY OTHER OPTIONAL ADD-ON PRODUCTS OR SERVICES. 10 USC § 987(i)(6).

California 148

California Security Regulation United States 148

PYMNTS

SEPTEMBER 12, 2017

Laven pointed out that the challenges are technical in nature, and that much of the data in business payments is never presented in consumer or peer transactions. Compliance and data integration are valuable services for those firms, he said. And for firms like CurrencyCloud – currently regulated in the U.K.

Regulation 101

Regulation Data Innovation Payments 101

PYMNTS

JULY 5, 2018

Banks and regulators joined together to begin testing a new KYC-compliance solution developed on R3 ‘s Corda blockchain platform. ” The idea, R3 added, is to enable banks to maintain KYC compliance without having to individually maintain and update KYC records. Testing Continues.

blockchain 117

blockchain Compliance Technology Regulation 117

Abrigo

FEBRUARY 24, 2022

Regulators expect a well-managed financial institution to look at interest rate risk through two different lenses: Earnings at risk (EAR)/income at risk (IAR) – Measures short-term risk; changes to the income statement. Sources of interest rate risk. Dynamic modeling can evaluate risk/return trade-offs in the institution’s strategy.

Management 195

Management Analysis Strategy Policies 195

FICO

NOVEMBER 29, 2021

At the same time, regulators across the globe continue to heap greater scrutiny on lenders to ensure customers are treated fairly, assessments and decisions are consistently applied, while commitments are appropriate and sustainable for the duration of the agreement. Affordability as a Service. Finding the Right Keys to Unlock Innovation.

Meeting 52

Meeting Lending Innovation Analytics 52

PYMNTS

AUGUST 23, 2018

He noted that resellers are now sending emails that may have several application forms required for businesses, spanning merchant accounts, payroll, lending and ACH services. Then again, the one-click approach has a lot of moving parts, especially as acronyms such as AML, KYC and General Data Protection Regulation ( GDPR ) come to bear.

Compliance 100

Compliance Security Regulation Software 100

FICO

JANUARY 31, 2019

Is there hope that artificial intelligence and machine learning approaches might soon “square the circle” of delivering superior pattern recognition and prediction, while also adhering to regulatory compliance? We presented this at the Data Analytics 2018 event organized by IARIA/Think Mind, where it won the Best Paper Award.

Philadelphia 40

Philadelphia Case Study Compliance Lending 40