Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. Loan documentation will be critical in upcoming exams.

Risk Management 221

Risk Management Management Lending Capital 221

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence. Another reason for reluctance about generative AI is the highly regulated nature of banking.

Examples 221

Examples Fraud Resources Risk Management 221

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. Which lenders are counted as “covered financial institutions”?

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). 3 categories of credit exceptions I would divide exceptions into three categories: structural credit exceptions, account management exceptions, and documentation exceptions. and property tax payments.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . The change reflects regulators’ expectations that financial institutions will develop loan review or credit review systems tailored to their specific risks and circumstances.

System 195

System Lending Policies Regulation 195

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. Unfortunately, the server wasn’t password protected, giving anyone access to the documents. It’s those documents that were exposed, Diachenko said.

Taxes 155

Taxes New York Security Data 155

PYMNTS

DECEMBER 19, 2016

Other charges stemming from the case include smuggling precious metals, illegal possession of weapons and border crossing without the proper documentation. The report noted Ezubao , which is one of the larger peer-to-peer lending platforms in China, has allegedly created fake investment projects in an effort to collect 59.8

Lending 100

Lending Fraud Regulation Online 100

Abrigo

OCTOBER 21, 2019

The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased. We are seeing banks moving to the cloud for a number of services ranging from core processing to lending. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Lending Fraud 150

Abrigo

OCTOBER 23, 2019

The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased. We are seeing banks moving to the cloud for a number of services ranging from core processing to lending. The banking industry is no stranger to this.

Risk Management 150

Risk Management Management Security Lending 150

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. The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number.

Video 175

Video Capital Lending Security 175

PYMNTS

DECEMBER 8, 2020

. Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. Capital Float On Using Video-Based KYC To Boost Onboarding, Satisfy Regulators. KYC requirements are nothing new. About The Tracker .

Video 211

Video Report Meeting United States 211

Abrigo

MARCH 31, 2023

Risk focus Three main areas of risk from the NCUA letter The NCUA supervisory priorities emphasized the following regarding increased risk: Interest rate risk (IRR): Examiners will focus on key interest rate risk management and control activities, including reasonable and well-documented assumptions and data sets.

Risk Management 195

Risk Management Policies Capital Maine 195

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

Abrigo

AUGUST 10, 2020

T he first is targeting remote platforms and processes, including undermining online identity verification through fraudulent identity documents, and leveraging weak authentication processes for account takeovers. A customer’s physical description on identity documentation does not match other images of the customer. SBA Lending.

Fraud 195

Fraud Regulation Lending Resources 195

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. While these are general today, the AMLA requires that regulations be written around each Priority, as appropriate. Until regulations have been released and go into effect, regulatory expectations remain unclear.

Community 195

Community Regulation Training Policies 195

Abrigo

DECEMBER 20, 2021

The CBOT investigation determined that this was not an adequate number of analysts and that they were not thoroughly reviewing the documentation of each unusual activity alert. While templates are not inappropriate and can improve efficiencies, they should not be used without verification and supporting documentation.

Resources 195

Resources Texas Analysis System 195

Abrigo

JANUARY 17, 2024

Perhaps a couple comes in to open a bank account or a line of credit in a woman’s name, but her partner controls and hands over all her personal documents. The Texas Advocacy Project provides legal services and financial literacy courses for victims who need help achieving financial security.

Training 259

Training Community Software Texas 259

Abrigo

SEPTEMBER 11, 2023

The utilization of generative AI has sparked legitimate concerns about data security. In the simplest sense, generative AI refers to artificial intelligence models that generate new data similar to the data that “trained” the model.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

FEBRUARY 23, 2023

At the same time, asset-based liquidity options at some community banks have been constrained by large unrealized losses in available-for-sale securities. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses.

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

JULY 26, 2020

“Our charter application incorporates truly novel ideas that have received detailed scrutiny from multiple regulators,” Caitlin Long , CEO and founder of Avanti, said in the release. ” Avanti intends to use Avit, an equivalent to cash that is nicknamed a “stablecoin disruptor,” according to the release.

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

Abrigo

APRIL 23, 2020

Key Takeaways Regulators and industry officials provided insight for lenders entering the second round of funding for the Paycheck Protection Program (PPP). The first round of funding left many lenders scrambling for guidance and the most up-to-date documents. Lending & Credit Risk. SBA Lending. SBA Lending.

Lending 221

Lending Los Angeles North Carolina Community 221

Abrigo

AUGUST 18, 2020

“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. If you carefully document all of this, you will be proactive and prepared for your exam.” . SBA Lending.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

MAY 20, 2020

FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.” Lending & Credit Risk. Member Business Lending. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending.

Lending 195

Lending Fraud Training Report 195

PYMNTS

MARCH 4, 2020

Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according to a report by The Australian. Some investigations couldn’t be completed because some SMBs feared “commercial repercussions” from talking to the ACCC.

Payments 140

Payments Lending Security Company 140

PYMNTS

JULY 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. Regulators have taken note. In May, the Federal Trade Commission launched an investigation into the MCA industry and allegations of its unfair lending practices.

Lending 162

Lending Washington Technology Security 162

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . Takeaway 2 Auditors and regulators don't have preconceived expectations about how CECL reserves might change for an institution.

Regulation 195

Regulation Management Video Data 195

PYMNTS

JANUARY 9, 2018

Shortly after Mulvaney was appointed acting director by President Donald Trump, Mulvaney instituted a freeze on the collection of any personal data by the CFPB staff, due to security issues that were highlighted in reports from the Federal Reserve and the CFPB inspector general.

Data 115

Data Security Policies Regulation 115

CFPB Monitor

NOVEMBER 22, 2022

In particular, the report’s recommendations deserve attention because they are likely to influence future actions by the federal banking regulators and the CFPB. (The The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

CFPB Monitor

NOVEMBER 21, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022. Credit card account management.

Report 78

Report Cards Lending Management 78

Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. Instead, they suggested focusing on “telling the story” (in their documentation and disclosures) of how they have developed their CECL estimates. “I Learn more. Learn more. Learn more.

Security 195

Security Examples National Report 195

PYMNTS

APRIL 2, 2020

Mostly, they noted, what is happening is using the infrastructure of underwriting to create a reasonably secure pathway for SMBs with anti-money laundering/know your customer (AML/KYC) protection pre-built in. “If has ever seen or offered. What Comes Next. And that, he noted, will cause some delays. Not yet,” Edwards noted.

Regulation 248

Regulation Lending Fraud US 248

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning a civil suit against 10 former company executives for their roles in its retail banking scandals. Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud. DocuSign processes nearly 800,000 signed documents every day, making it a prime phishing target. Fair Isaac Corp.,

Fraud 131

Fraud Community Bank Analytics Study 131

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. The scam here is an inside job, making it inherently more elusive.

Fraud 195

Fraud Trends Cards Software 195

Abrigo

APRIL 8, 2020

Provide a BSA refresher course to your lending staff. On March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance for those affected by the coronavirus pandemic. Provide lending staff with a BSA refresher course.

Compliance 195

Compliance Lending Fraud Community 195

CFPB Monitor

OCTOBER 27, 2022

Require prescribed information about the GAP waiver to appear on a document separate from the conditional sale contract, to be separately signed by a buyer or potential buyer. 10 USC § 987(i)(6). Unfortunately, the Department of Defense (“DOD”) seems to have made another U-turn when it comes to the treatment of GAP waivers under the MLA.

California 148

California Security Regulation United States 148

Abrigo

APRIL 30, 2020

Key Takeaways Federal and state banking regulators have eased coronavirus workout pressures. There has been an influx of calls from consumers who can no longer pay their loans, and this will quickly follow suit on the commercial lending side. Lenders should develop a comprehensive workout strategy.

Strategy 195

Strategy Meeting Software National 195

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. As the October Digital Identity Tracker explores, the small business (SMB) lending and financial services industries have begun to dip their toes into more sophisticated identity validation tools.

Strategy 124

Strategy Lending Knowledge Base Tools 124