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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

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Mastercard General Counsel Tapped To Chair National Urban League

PYMNTS

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. I’m honored to be a part of that mission,” Murphy said as part of the National Urban League’s announcement.

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New York City amends debt collection regulations to include language proficiency requirements

CFPB Monitor

New debt collection rules creating requirements relating to consumers’ language proficiency are set to take effect in New York City on June 27, 2020. The new rules amend NYC’s existing debt collection regulations applicable to creditors collecting their own debts as well as third-party collection agencies.

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Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

-based digital payments firm, has increased its valuation to $15 billion following the closing of a Tiger Global Management-led $450 million Series C funding round. Checkout.com, which was started in 2012, recently brought an office to New York City. Pakistan Launches Payment System To Boost Financial Inclusion.

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Mastercard To Host SMB Summit For Women Entrepreneurs

PYMNTS

Mastercard is celebrating National Women’s Small Business Month by gathering it’s Women’s Business Advisory Council for a retreat and launching its first ever Small Business Summit in New York City. Small Businesses are the heart of the nation.

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Uber Eats Lets Diners Help Eateries Via Contribute Button Amid COVID-19

PYMNTS

Eateries in New York City that work with the platform received notice from the firm on Monday regarding the contribution program. The Restaurant Employee Relief Fund is managed by the National Restaurant Association’s educational fund.

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Delta, Airbnb CEOs Say Travel Is Rebounding, But Change Is Inevitable

PYMNTS

For example, instead of trips to marquee destinations, such as Times Square in New York City, Chesky said Airbnb is seeing a lot more demand to visit small, rural places. Farm stays are huge now,” he said, “And national parks. There are 400 national parks in the United States, and most Americans have never visited one.”.