Abrigo

FEBRUARY 8, 2024

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. As financial transactions become increasingly digital, consumers and businesses must be equipped with the knowledge to navigate day-to-day business securely.

Fraud 195

Fraud Resources social media Software 195

CFPB Monitor

NOVEMBER 10, 2020

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). The agencies stress that banks should include fallback language that provides for the use of a “robust fallback rate” if the initial reference rate is discontinued.

Regulation 78

Regulation FDIC New York Lending 78

PYMNTS

JULY 16, 2018

This week, the lucky winner is Macy’s , which disclosed to the world that hackers had obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates as well. As Queen famously sang, another one bites the dust — or as modified for the modern era, another one bites the breach.

Cards 100

Cards Data Retail Digital Banking 100

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Independent Banker

NOVEMBER 25, 2015

Unlike highly regulated, FDIC-insured banks, which are subject to strict, expensive security standards designed to protect consumers’ sensitive information, FinTech companies are barely regulated and seldom examined. Although they have bank accounts, they often prefer to use prepaid cards and mobile options to manage their finances.

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. By Ed Avis. Methodology.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

CB Insights

JUNE 5, 2018

More importantly, users don’t need a credit card, bank account, credit history, or minimum balance to open an M-Pesa account. Consumers like perks offered by card companies, merchants have bought in, and banks and payments players are happy to provide the infrastructure in exchange for a piece of the pie. First Name. The road ahead.

Payments 68

Payments Cards US Mobile 68

Independent Banker

FEBRUARY 24, 2016

So we want our checking accounts to be FDIC insured. We want to have easy access to our online accounts, we want our credit cards to be beautiful, et cetera. IB: Community bankers are the world’s best risk managers. How should they balance innovation with their need to manage risk? But what happens next?

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. Numerous regulatory resources go into detail, including fair lending videos from the FDIC and examination procedures published on the Consumer Financial Protection Bureau’s website.

Compliance 195

Compliance Lending Risk Management Regulation 195

CFPB Monitor

NOVEMBER 22, 2022

Incumbent non-banks are short-term credit providers such as pawn shops and title lenders, specialized installment lenders, such as captive finance companies, non-bank mortgage lenders, money transmitters, and card networks. This includes IDIs acting as lenders in bank/fintech partnerships.

Fintech 78

Fintech Report Data Lending 78

Gonzobanker

DECEMBER 19, 2024

The FDIC’s Rule Proposal would end a common banking-as-a-service practice that allows banks to count deposits originated by financial technology partners as core and require them to classify the funds as brokered. And here we thought that Check21 was going to kill kiting in 2002.

Fraud 88

Fraud Fintech Marketing Industry 88