CFPB Monitor
JUNE 26, 2023
Hsu, Acting Comptroller of the Currency delivered remarks to the American Bankers Association Risk and Compliance Conference in San Antonio, Texas. On June 16, 2023, Michael J. In his remarks, Hsu discussed both the benefits and risks of artificial intelligence (“AI”) and tokenization.
Abrigo
JUNE 27, 2023
The institutions are the ones shouldering the costs of compliance, examinations, and fines. Reporting Since the real estate industry was exempted from AML requirements in 2002, the onus has been on financial institutions to identify and report suspicious or fraudulent activity.
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PYMNTS
FEBRUARY 18, 2019
trillion a year, reported Mansion Global, citing data from Accuity, a global risk and compliance company. Money laundering through real estate is about $1.6 Patrick Hinchin, vice president of commercial strategy at Accuity, said in the report that money laundering through real estate is becoming more common in Australia, America and the U.K.
Abrigo
DECEMBER 2, 2021
It's "business as usual" as far as expectations for compliance staff to remain alert for illicit financial activity. Retaining and recruiting compliance staff has also been an issue for a few years, leaving professionals overworked and stressed. Consumer Lending Compliance: Hot-Button Issues to Monitor. Deposit Pricing Strategy.
Abrigo
OCTOBER 17, 2019
The fact that a bank or credit union employee can create a spreadsheet to track BSA/AML compliance or calculate the ALLL is wonderful – until that employee retires and hasn’t thoroughly trained their successor on the inner workings of the file. CECL-compliant calculations you don't have to second guess?
CFPB Monitor
DECEMBER 7, 2018
The CFPB asserts that between March 2017 and August 2018 Village employed loan officers in its San Antonio, Texas office who were responsible for making in-home sales presentations to veterans for VA Interest Rate Reduction Refinancing Loans to be made by Village.
Independent Banker
JANUARY 31, 2022
With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. increase, while the San Antonio metro, up 19.4%, ranked 12th. Those in south central Texas, which includes San Antonio, supported an estimated 211,000 jobs and contributed nearly $25.2 By Mindy Charski.
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