Abrigo

DECEMBER 16, 2014

Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. This type of easing is similar to that experienced between 2004 and 2006, the time period leading up to the financial crisis, which many attribute to inadequate lending standards. Blog Bank Credit Union'

Lending 223

Lending Survey Training Retail 223

Abrigo

NOVEMBER 12, 2016

In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

Abrigo

NOVEMBER 2, 2022

DOWNLOAD . But not all technology is made equal, especially when it comes to lending software. Modern Text notifications, digital workflows, and e-sign capabilities are all modern construction loan automation features that help institutions take a predictive and proactive approach to lending. Construction Lending.

Software 195

Software Lending Training Mobile 195

Abrigo

FEBRUARY 14, 2023

You might also like this checklist for preparing for the CFPB 1071 rule DOWNLOAD Takeaway 1 Bank and credit union executives are worried about complying with the CFPB's upcoming final rule on small business loan application data. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

Data 195

Data Lending Compliance Resources 195

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. Get to know regulator expectations and priorities. Regulators’ risk management perspective is evolving, and financial institutions should expect to be held accountable for consistent stress testing.

Risk Management 195

Risk Management Management Policies Lending 195

PYMNTS

JUNE 27, 2017

I often think about all the new regulations payments companies will need to comply with and how we can leverage artificial intelligence and machine learning to help them better protect themselves and their customers, achieve compliance and avoid fines. However, these requirements can also make operations more challenging for businesses.

Innovation 145

Innovation System Mobile Trends 145

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

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The apps has been popular with consumers, with 10 million downloads thus far in the six years it has been on the market. About half of those were in the last year.

Regulation 100

Regulation New York Lending Capital 100

Abrigo

MAY 2, 2022

Takeaway 3 Minor inconsistencies between policy and loan portfolio can be a red flag to regulators, so careful review is key. . Your policy should include what type of loans you are actively seeking and what loans you don’t have an appetite for so regulators understand your institution’s direction. Download whitepaper.

Policies 195

Policies Lending Regulation Examples 195

Abrigo

MARCH 2, 2023

You might also like this whitepaper, "Best practices for purchasing bank or credit union software" DOWNLOAD Takeaway 1 As Southwest Airlines learned, technology shortcomings create enormous costs in the short-term and in the future. A buyer’s guide for lending software for smaller financial institutions can be helpful.

Technology 195

Technology Lending Community Software 195

Abrigo

APRIL 7, 2023

DOWNLOAD Takeaway 1 Loan review automation can help reduce or eliminate common efficiency problems that financial institutions face. Making a case for greater efficiency Loan review automation eliminates manual processes, saving time and reducing human error. Here's what to say when presenting a case for software at your institution.

Software 195

Software Lending System Risk Management 195

Abrigo

FEBRUARY 8, 2022

You might also like this downloadable Customer Due Diligence Checklist. DOWNLOAD . Takeaway 2 NBFIs should ensure their AML programs are sound and pass the scrutiny of FinCEN and their primary regulators. Stay up to date on regulations affecting NBFIs and other BSA trends. Regulations & Guidance Forthcoming.

Compliance 195

Compliance Training Regulation Fraud 195

Abrigo

DECEMBER 2, 2021

In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. Learn how to satisfy regulators and yield more useful information in this whitepaper, "Effective Loan Review". Lending & Credit Risk. Consumer Lending. Lending & Credit Risk.

Conference 195

Conference San Antonio Lending Fraud 195

PYMNTS

DECEMBER 23, 2019

In the December Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new regulations in Ireland, charitable CU donations for the holiday season, and how emotional marketing is leveling the playing field between CUs and their competitors. For more on these and other CU news items, download this month’s Tracker.

Data 131

Data Lending Michigan Regulation 131

PYMNTS

JULY 29, 2019

Glint Pay has upwards of 50,000 downloads of its mobile app and around $50 million in transactions. Glint Pay is an agent of Sutton Bank , and all of the accounts are regulated by the Federal Deposit Insurance Corporation. They lend out more than they have.”. We want to give a reliable currency to the world.”.

Cards 191

Cards Colorado Denver Fintech 191

Abrigo

DECEMBER 29, 2023

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.

Resources 221

Resources Lending Risk Management Policies 221

Abrigo

DECEMBER 17, 2021

DOWNLOAD WHITEPAPER . For banks and credit unions, this often means a deep understanding of regulations and compliance and adhering to the institution's risk management standards. Download Guide. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Asset/Liability. Learn More.

Fintech 195

Fintech How To Innovation System 195

Abrigo

NOVEMBER 3, 2016

Some of the most pressing challenges facing community banks and credit unions in the current banking environment include narrow interest rate margins, increasing pressure from regulators, and competition with “too-big-to-fail” mega-banks. However, community banks and credit unions can still win with a community and relationship first focus.

Community Bank 150

Community Bank Community Lending Risk Management 150

Abrigo

MAY 24, 2023

The SAFE Banking Act could bridge the state and federal cannabis banking gap Read more for the legislation's history and how it benefits financial institutions looking to profitably bank CRBs. You might also like this whitepaper, "Cannabis and financial institutions: Providing services to cannabis-related businesses."

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

SEPTEMBER 13, 2017

Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations. Traditional banks are seeing new FinTech players become more competitive on several fronts, including lending. To read the story, download the latest Tracker. .

Strategy 190

Strategy Report Lending Fintech 190

Abrigo

JUNE 17, 2015

Like other types of lending, banks must remain cautious to avoid too heavy of an agricultural concentration or too much lending within a certain ag segment. The challenge is that market conditions in this type of lending tend to be volatile. Without diversification, risks will be expounded.

How To 150

How To Kansas City Lending Analysis 150

Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis. Blog Bank Credit Union'

Guidelines 223

Guidelines Payments Lending Capital 223

Abrigo

NOVEMBER 1, 2021

DOWNLOAD. . Takeaway 3 Cyberattacks are also on the rise, lending even more importance to communication and collaboration among the BSA, fraud, and IT functions. BSA Rules and Regulation. You might also like this whitepaper, "The 2021 BSA/AML and Fraud Staff Survey: Top Issues for FinCrime Fighters". keep me informed.

Fraud 195

Fraud Video Training Compliance 195

Abrigo

JUNE 28, 2023

DOWNLOAD Takeaway 1 Board members have a responsibility to maintain a safe and sound financial institution, and they rely on the BSA Officer's reports to help. Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation.

Compliance 195

Compliance Fraud Report Trends 195

Abrigo

DECEMBER 27, 2022

DOWNLOAD . Download whitepaper. Clicking on this illicit source can lead you to download malicious software, send money, or disclose personal, financial, or other sensitive information. Lending & Credit Risk. Be on the lookout in 2023 for the following trends identified by the FBI. Keep me informed. Fraud Prevention.

Fraud 195

Fraud Trends cryptocurrency Software 195

Abrigo

SEPTEMBER 20, 2023

Regulators will be expecting this as they examine institutions for FinCEN priority preparedness. Moreover, an AML program that is robust and comprehensive becomes a vital component in this fight, with fraud detection software being essential. Staying on top of fraud is a full-time job. Considering combining your AML & fraud teams?

Fraud 195

Fraud Trends Cards Software 195

Abrigo

NOVEMBER 9, 2022

You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Use a software tool [and] ensure your auditors and regulators are in the loop on progress.” Banks regulated by the Federal Reserve, the OCC, or the FDIC made up the bulk of institutions represented by survey-takers (73%). Learn More.

Survey 195

Survey Software Resources Meeting 195

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. Download this three-step AML checklist for mergers and acquisitions. BSA Rules and Regulation. BSA Rules and Regulation.

Compliance 195

Compliance Policies Fraud Analysis 195

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. In her letter , Linda Lacewell, the DFS superintendent, said she expected regulated depositories under DFS supervision to: 1.

Lending 78

Lending Regulation Community National 78

CB Insights

JUNE 29, 2020

Free Download: State of Fintech q1’20. Which proposed regulations or legislative changes will shape the future of fintech? Which proposed regulations or legislative changes will shape the future of fintech? Secondly, we’re watching global digital currency and stable cryptocurrency regulations to see how crypto plays out.

Fintech 101

Fintech Regulation cryptocurrency Policies 101

Abrigo

APRIL 19, 2016

In a recent whitepaper (download), the regulator outlined the general approach it will take as it evaluates innovative products, services and processes that OCC-regulated banks may offer or perform. The product complies with laws and regulations, particularly those aimed at protecting consumers.

Innovation 150

Innovation Fintech Risk Management Community Bank 150

PYMNTS

MAY 28, 2018

Yes, the General Data Protection Regulation took the spotlight, debuting in Europe, as had been long anticipated, on May 25. As previously reported, regulators have said they are not ready to enforce GDPR. It wasn’t all about GDPR. Well, a lot of it was.

Regulation 101

Regulation Data Survey Online 101

Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Strategies for adopting AI at your financial institution Abrigo CTO Ravi Nemalikanti offers insights on how banks and credit unions can begin to utilize generative AI.

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

AUGUST 19, 2015

Earlier this summer, the NCUA unanimously approved a series of proposed changes to their regulations on member business lending (MBL). These amendments, if adopted, would lessen current restrictions to make it easier for credit unions to lend to businesses. CUSOs hire professionals who are well-versed in commercial lending.

Lending 150

Lending Training Resources Analysis 150

PYMNTS

NOVEMBER 25, 2019

In the November Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new Congressional regulations, partnerships between CUSOs and technology providers, and the new generation of cybersecurity threats. Another CU issue currently awaiting federal regulation is legalized marijuana.

Alaska 154

Alaska Hawaii California Analytics 154

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Here’s a hint: We’ll tell you now … and you can thank us later.

Case Study 135

Case Study Retail Millennials Branding 135

Abrigo

JUNE 12, 2015

The increased ag lending was driven by higher borrowing for current operating expenses and livestock purchases. Federal regulators have noted that changes in commodity prices and production levels come with the territory for agricultural lenders.

Survey 150

Survey Kansas Kansas City Lending 150