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FATF Releases New Guidance on Key AML/CTF Concerns

Abrigo

The report shines a light on corruption, tax fraud, drug trafficking, and labor trafficking as being linked to environmental crime. The message sent by FATF has been well received in Washington, and the hard work mandated by the AML Act of 2020 and FATF recommendations has begun. Lending & Credit Risk. Learn more.

Training 195
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Banks are Flush With Cash, For Now

TrustBank

In its most basic form, a bank takes in money from savers (depositors), agrees to pay them a certain interest rate and then uses those funds to lend to borrowers at a higher interest rate, thus earning the difference as their income. Sometimes, banks do not lend out all that they can. Why such an increase?

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What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

But the data indicates that for an increasing number of users, debt is not being managed correctly. Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Student Lending.

Lending 105
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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

Most of the drama this week was in Washington. We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. Codel, head of consumer lending at Wells Fargo, said in an interview. “We North Korea’s For-Profit Hacking.

Taxes 100
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Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

PYMNTS

Taxes, minimum wage, global trade tariffs — there are a lot of regulatory changes weighing heavily on the minds of U.S. Mordis pointed to CVS’s acquisition of pharmacy benefits manager Caremark in 2006, while just last month CVS received approval from the U.S. small business owners.

Capital 130
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52
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Happy Returns

Independent Banker

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Mikella Newsom (middle) successfully manages a $325 million institutional investment portfolio for City Bank in Lubbock, Texas. Investment principles of top bank portfolio managers.