Perficient

NOVEMBER 1, 2024

In March 2024, the Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection issued a report in response to requirements from the 2023 executive order on AI, entitled “Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector.”

Regulation 221

Regulation US Community National 221

Abrigo

NOVEMBER 13, 2024

Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. As rates stay high, concerns about credit risk and borrower health are top of mind for bank and credit union leaders, especially as it relates to lending to small businesses. Interest coverage ratios have stayed strong.

Lending 195

Lending Meeting Data Risk Management 195

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. 1, 2024, and report for the first time by June 1, 2025. 1, 2024, and report for the first time by June 1, 2025. 1, 2024, is the earliest compliance deadline. Below are details on important dates for 1071 compliance and what the changes involve.

Compliance 195

Compliance Lending Data Regulation 195

Perficient

OCTOBER 28, 2024

Mortgage lenders use this collateral valuation to determine how much they will lend on a property. The Comment stresses that the use of fraud screening tools, such as those offered by third-party vendors that generate fraud risk services, must be offered in compliance with ECOA and the CFPA. Fraud screening.

Regulation 221

Regulation Fraud Tools Compliance 221

Abrigo

SEPTEMBER 17, 2024

You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 As financial institutions anticipate rate cuts, many are questioning how to structure their lending and ALM strategies accordingly.

Strategy 221

Strategy Risk Management Lending Management 221

CFPB Monitor

FEBRUARY 28, 2024

The CFPB has revised its internal supervisory appeals process for institutions seeking to appeal a compliance rating or an adverse material finding. The revisions became effective immediately upon publication in the Federal Register on February 22, 2024. Continue Reading

Compliance 78

Compliance Lending 78

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Abrigo will add functionality to our commercial loan origination system to support upcoming compliance requirements once the final decisions have been made on the CFPB side.

Data 195

Data Lending Compliance Resources 195

South State Correspondent

JULY 19, 2023

Specific Market Dynamics of Derivatives Usage For the remainder of this year and into 2024, we believe that increasingly rate-conscious depositors will continue to drive the cost of funds (COF) higher, and as the Federal Reserve approaches the end of its tightening cycle, net interest margin at community banks will be under pressure.

Community Bank 195

Community Bank Community Compliance Marketing 195

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. The documentation was lengthy and complex, the regulatory compliance and reporting was cumbersome, the accounting was tricky, and the overhead cost of launching a hedging program was challenging. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

Perficient

APRIL 18, 2024

Without open banking, consumers struggle to switch between bank deposit and lending offerings. For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card.

Cards 221

Cards Data Regulation Apple 221

CFPB Monitor

OCTOBER 26, 2023

Although the final rule is effective April 1, 2024, the compliance date for the majority of the rule’s provisions is January 1, 2026. . Continue Reading

Community 78

Community FDIC Compliance Regulation 78

Fintech Labs Insights

AUGUST 23, 2024

The 39 Largest Corporate Client/User Events in Financial Services Technology Top 25 Online Digital Accounting Services for Small Business (SMB): Aug 2024 Related Stories How Have the Finovate Best of Show Winners Fared? Top 10 Digital Challenger Banks for Youth/Teens (July 2024) SMB Cards & Spend Management Profile: Divvy (Bill.com)

Conference 15

Conference Las Vegas San Diego San Antonio 15

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Credit administration staff are responsible for managing the entire credit process, including the approval of credit to borrowers, assessment of the creditworthiness of potential customers, and credit review of existing borrowers.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

AUGUST 5, 2024

Modern check fraud detection software enhances check verification processes with several sophisticated tools Introduction Why counterfeit check detection matters in 2024 Financial fraud is becoming more sophisticated in today's world, and counterfeit checks and duplicate check deposits are significant threats.

How To 195

How To Fraud Training Software 195

Abrigo

OCTOBER 14, 2022

With government stimulus money to help get customers through the pandemic dwindling, Paula King, Senior Advisor for Abrigo, anticipates lenders will be dealing with more loan workouts toward the beginning of 2024 and continuing to increase from there. Lending & Credit Risk. Lending & Credit Risk. Construction Lending.

Risk Management 195

Risk Management Management Policies Lending 195

Abrigo

JUNE 27, 2024

As part of an anti-money laundering (AML) compliance program, financial institutions must perform transaction monitoring to identify structured cash transactions and other indicators of illegal activity. It is common for most of the triggered alerts in transaction monitoring software to reflect potential structured financial transactions.

Examples 221

Examples Fraud Report Training 221

CFPB Monitor

MAY 22, 2020

Accordingly, Fed-member state banks supervised by the Fed and non-member state banks and savings associations supervised by the FDIC will be subject to different CRA compliance frameworks than national banks and federal savings associations supervised by the OCC. Data collection, recordkeeping, and reporting.

FDIC 78

FDIC Lending Retail Compliance 78

Social Assurance

JULY 17, 2020

Compliance Deadlines for New CRA Regulations. The final rule will increase qualifying CRA-related activities in an effort to help better meet the need for access to credit, more responsible lending, and greater access to banking services. January 2024. Compliance deadline for small and intermediate banks. March 2020.

Compliance 15

Compliance Community Regulation Branding 15

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands.

Banking Trends 110

Banking Trends Trends Millennials Oregon 110

Fintech Labs Insights

AUGUST 9, 2024

Small Businesses (SMB) in July 2024 The 37 Biggest Fintech Conferences & Events in 2024 The 13 Biggest Fintech Awards Shows in 2024 Event details are up-to-date at the time of original publication, but always check with the event for the latest information. And please contact us if you would like to have your event listed.

Las Vegas 15

Las Vegas Technology Industry Conference 15

Fintech Labs Insights

SEPTEMBER 4, 2024

And please contact us if you would like to have your event listed. And please contact us if you would like to have your event listed. And please contact us if you would like to have your event listed. And please contact us if you would like to have your event listed. And please contact us if you would like to have your event listed.

Las Vegas 15

Las Vegas Technology San Diego Conference 15

Gonzobanker

DECEMBER 14, 2023

Expect more deals to be announced in 2024. The It’s Still No Fun to Work Here Award – goes to the “stagecoach” Wells Fargo , which now is dealing with unionization efforts from employees at certain branches and has set aside $1 billion+ for additional employee severance costs in 2024. and Summit Financial Group, Inc.

Fintech 190

Fintech Community Regional Technology 190

South State Correspondent

JUNE 27, 2023

This leads to enhanced transparency and improved accuracy and facilitates compliance with regulatory reporting requirements. Regulatory Compliance: Many regulators and market infrastructures around the world are moving towards ISO 20022, making it a requirement for participating in those markets.

System 195

System Data Examples Payments 195

PYMNTS

JUNE 27, 2018

Some of the largest FIs in the space have even begun to experiment , and experts predict that more than 90 percent of global FIs will have adopted the technology in some capacity by 2024. That’s for good reason, too, according to Chris Ward, executive vice president and head of product management for PNC Treasury Management.

Digital Banking 148

Digital Banking Technology Management Risk Management 148

CFPB Monitor

JUNE 25, 2020

The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. Small and intermediate banks must comply with the rule by January 1, 2024. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule.

Community 97

Community Lending Meeting Retail 97

CFPB Monitor

JUNE 15, 2020

According to the agency’s press release , the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services.

Community 60

Community FDIC Lending Examples 60

PYMNTS

OCTOBER 11, 2019

Max Levchin On The Future-Present Of Everywhere POS Lending. Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). The Upgrade Card is tied to a line of credit that can be used everywhere that Visa cards are accepted. While Strong Customer Authentication (SCA) is only weeks old, it is mired in controversy.

Cards 116

Cards Online Houston Digital Banking 116

Fintech Labs Insights

AUGUST 22, 2024

Europe 2024 (London): Corsound AI: AI company advancing in sound recognition technologies, expanding market reach, receiving favorable industry reviews and increasing investment interest. Themis: Raised $9M, compliance and governance tech gaining steady traction, particularly with larger corporate clients. SAVVI AI : Raised $5.6M

San Francisco 15

San Francisco New York San Jose Tools 15

CFPB Monitor

JANUARY 28, 2021

Although the OCC’s CRA final rule technically became effective on October 1, 2020, it provides transition periods for compliance based on a bank’s asset size, type of charter, and business model. the CRA evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums).

Community 131

Community FDIC Lending Survey 131

FICO

JANUARY 5, 2023

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. Some BNPL firms already are providing disclosures mandated by the Truth-in-Lending Act.

Policies 52

Policies Company Regulation Risk Management 52