Abrigo
APRIL 12, 2023
Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results." DOWNLOAD Takeaway 1 Loan review, or credit review, must be timely, thorough, and accurate to meet regulatory requirements.
Payments Dive
APRIL 12, 2023
Payment processors and their merchant clients are bracing for Visa’s surcharge cap next week. “Don’t fight Visa right now – you’re not going to win,” advises one consultant.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Accenture
APRIL 12, 2023
There is no excerpt because this is a protected post. The post Protected: Becoming the UK’s best digital bank through customer centricity appeared first on Accenture Banking Blog.
Payments Dive
APRIL 12, 2023
The bureau's chief, Rohit Chopra, urged users who maintain balances on their digital wallets and money-transfer apps to move that uninsured money to a bank account.
Advertisement
Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
CFPB Monitor
APRIL 12, 2023
The CFPB has issued its “ Consumer Response Annual Report ,” which analyzes patterns and trends in the approximately 1,287,000 consumer complaints submitted to the Bureau in 2022. The annual report is required by the Consumer Financial Protection Act. The CFPB indicated that the largest increase in complaints, accounting for more than 75% of all consumer complaints, was related to dissatisfaction with credit reporting, including inaccurate information on credit reports and improper use of rep
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
APRIL 12, 2023
On April 5, 2023, the Consumer Financial Protection Bureau (CFPB) brought an action against James R. Carnes and Melissa C. Carnes, both individually and as co-trustees of the James R. Carnes Revocable Trust and the Melissa C. Carnes Revocable Trust, for allegedly hiding money through a series of fraudulent transfers in order to avoid paying more than $40 million in restitution and penalties for illegal payday lending activities. .
Payments Dive
APRIL 12, 2023
A new rule, which takes effect May 11, ends a 40-year moratorium on admitting new nonbank lenders to the agency’s 7(a) loan program.
CFPB Monitor
APRIL 12, 2023
On April 3, 2023, the Conference of State Bank Supervisors (CSBS) released an update on the status of its State Examination System (SES). The SES is an examination system that is intended, in part, to foster standardization and enable state-level coordination by providing a platform for state agencies, regulators, and companies to conduct company exams from start to finish.
TheGuardian
APRIL 12, 2023
World’s largest commercial printer of money issues profit warning after downturn causes ‘significant degree of uncertainty’ Demand for paper money has fallen to its lowest level in more than 20 years as consumers switch to card and contactless payments, the world’s largest commercial printer of banknotes has said. De La Rue , the 200-year-old British firm responsible for a third of all banknotes worldwide – including the new King Charles III design being produced for the Bank of England – said t
Advertisement
In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
CFPB Monitor
APRIL 12, 2023
In the March 2023 issue of Consumer Compliance Supervisory Highlights , the FDIC discusses consumer compliance issues identified by its examiners during supervisory activities conducted in 2022 involving referral arrangements, trigger leads, servicemember protections, and fair lending compliance. The issue also looks at complaint trends. Compliance Issues.
BankInovation
APRIL 12, 2023
United Bank of Michigan added electronic signatures to its Federal Deposit Insurance Corp. coverage solution through its digital signature provider IMM as more bank clients became concerned about insurance following the collapse of Silicon Valley Bank last month.
CFPB Monitor
APRIL 12, 2023
A California federal district court recently denied the motion filed by the California Department of Financial Protection and Innovation (DFPI) seeking to dismiss a lawsuit filed by an advocacy organization seeking to enjoin DFPI from enforcing its final regulations (Regulations) implementing California’s commercial financing disclosure law. SB 1235, which was signed into law in 2018, requires consumer-like disclosures to be made for certain commercial financing products, including small busine
BankInovation
APRIL 12, 2023
Visa is teaming up with PayPal and Venmo for its new Visa+ service to allow customers to move money between more person-to-person digital payment apps. The Visa+ pilot uses personalized payment addresses linked to PayPal and Venmo accounts to allow users to send payments without using a card, according to a Visa release.
Advertisement
Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
FICO
APRIL 12, 2023
Home Blog FICO The FICO® Score is Built to Last For more than 30 years, the FICO ® Score has been carefully developed to be robust and reliable assessments of credit risk throughout the credit cycle FICO Admin Thu, 12/19/2019 - 16:29 by Ethan Dornhelm expand_less Back To Top Wed, 04/12/2023 - 15:00 The current FICO® Score 10 Suite leverages the most comprehensive credit bureau data available and outperforms all previous FICO® Score models.
BankInovation
APRIL 12, 2023
USAA is using a combination of artificial intelligence-powered natural language processing and manual tagging to manage consumer complaints as more companies employ AI-based chat bots.
FICO
APRIL 12, 2023
Home Blog FICO Why Credit Scores are Crucial to Healthy Securities The value of asset-backed security is determined by the cash flows generated by the underlying assets and understanding the predictability of those cash flows FICO Admin Thu, 08/22/2019 - 12:37 by Joe Zeibert expand_less Back To Top Wed, 04/12/2023 - 15:00 What you will learn: What can increase the value and liquidity of securities How FICO Score 10 T can help you better model cash flows and analyze securities Today there is ap
BankInovation
APRIL 12, 2023
Deutsche Bank AG is reviving a push to cut reliance on its IT center in Russia as it seeks to further pull out of the country after Moscow’s invasion of Ukraine last year.
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
The Emmerich Group
APRIL 12, 2023
I believe progress begets progress and success begets success. In this episode, I’ll show you how you can create a series of successes that open the way for even more impactful successes later on. On the flipside, stumble once and all your hard work up until then could come tumbling down. I’ll show you Continue Reading The post How to Guarantee Your Employees Won’t “Back Slide” After Your Next Big Initiative [VIDEO] appeared first on Emmerich Financial.
The Financial Brand
APRIL 12, 2023
This article The Future of Banking Requires Composable Solutions appeared first on The Financial Brand. With a 'composable' solution, banks and credit unions get plug-and-play transformation that delivers in days and weeks, rather than years. This article The Future of Banking Requires Composable Solutions appeared first on The Financial Brand.
Advertisement
Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
The Financial Brand
APRIL 12, 2023
This article How Virtual Assistants Take Mobile Banking Apps to the Next Level appeared first on The Financial Brand. Why bother typing when artificial intelligence will help you navigate your mobile banking app? Just ask. This article How Virtual Assistants Take Mobile Banking Apps to the Next Level appeared first on The Financial Brand.
Advertisement
As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Expert insights. Personalized for you.
195 
Let's personalize your content