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How to avoid costly BSA enforcement actions: Proactive steps for bank compliance

Abrigo

These actions can result in costly civil penalties and reputational damage, so banks and credit unions should take proactive steps to ensure their BSA compliance programs are robust and effective. Although the above example is a large bank, similar enforcement actions are being handed down to community banks.

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CRA compliance: A data-driven strategy

Abrigo

This article covers these key topics: Updates to CRA compliance requirements CRA compliance by bank size: W hats required ? How data analytics can simplify CRA compliance Complying with enhanced CRA data requirements Most banks recognize that their enterprises can only thrive if their customers do , too.

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A Look at DevOps in 2020: Sonatype’s Community Survey

Perficient

DevOps teams routinely deal with the most sensitive needs of an organization: security, governance, and compliance. Governance and Compliance: Forty-four percent of mature DevOps practices have integrated automated OSS governance into their software development lifecycles (SDLC), reducing the need for manual intervention. 29 and Feb.

Survey 506
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OCC Releases Community Reinvestment Act (CRA) Evaluations

Perficient

The Office of the Comptroller of the Currency (OCC) has released 15 Community Reinvestment Act (CRA) performance evaluations. These evaluations are based on on-site examinations by OCC-trained staff. Community National Bank & Trust. On-site examinations are done every other year. eight were rated Satisfactory. Large Bank.

Community 294
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Cannabis lending for financial institutions: Opportunities, risks, and best practices

Abrigo

With the right approach, the rewards may outweigh the risks, creating opportunities for both financial institutions and the communities they serve. This staggering amount presents a lucrative opportunity for banks and credit unions to step in and meet the growing need for banking services while supporting businesses within their communities.

Lending 195
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Generative AI in credit risk management: A game changer for loan review

Abrigo

For new analysts, AI acts as a built-in training tool, providing real-time guidance and helping them get up to speed faster. Kirby said, Loan Review Assistant is a wonderful training tool for newer analysts, allowing us to reduce the time needed to onboard them while maintaining high-quality risk assessments.

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Fraud typologies all financial institutions should know

Abrigo

Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for community banks in 2025. People : FIs should have adequate, qualified, trained staff to investigate suspected fraud alerts before they become hard-dollar losses. Staying on top of fraud is a full-time job.

Fraud 221