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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

Real estate lending BSA training should include GTO guidance , specifically on how to identify red flags at loan origination. Real estate lending BSA training should include the GTOs guidance. FinCEN reissued Geographic Targeting Orders to include two new metropolitan areas. to ensure the detection of these transactions.

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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

BAMFi , a software provider for the secured lending space, will still own its proprietary solution FactorCloud. He added that TAB Bank is embracing the chance to expand in the Dallas-Fort Worth market and are “pleased to welcome BAM’s staff in Dallas to our team.” . The company was recently ranked 121 on the 2019 Inc.

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FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

Real estate lending BSA training should include GTO guidance. The newest order include s : Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . What does this GTO mean for your institution?

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Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation

PYMNTS

In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically devastating. Beijing is looking at personal lending as a way out of the economic crisis brought on by the coronavirus.

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FinCEN Reissues Real Estate Geographic Targeting Orders: What Does this Mean for Your FI?

Abrigo

The newest order includes: Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle. Real estate lending BSA training should include GTO guidance. What does this GTO mean to your financial institution?

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Elevate Credit introduces a subprime credit card

Payments Source

The Fort Worth, Texas, company will be competing in a segment of the U.S. card market that has grown more competitive in the last few years.

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FinCEN Reissues Real Estate Geographic Targeting Orders

Abrigo

including: Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . Real estate lending BSA training should include GTO guidance. New York City and Miami were the original targets under the first order in 2016, but it has expanded periodically since then.