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Spotlight on lending: Commercial loan growth geographically

Abrigo

banks is up $157 billion from the same period in 2013. bank and credit union, named the “ Top 15 community banks by commercial loan growth.” banks, the list was determined by reviewing a bank’s Q3 2013 C&I loan total alongside its Q3 2014 figure and calculating the percentage increase.

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What is the FASB’s process for issuing standards?

Abrigo

Thomas Curry, comptroller of the currency, commented on the changes at the 2013 AICPA Banking Conference, stating, “There is no question that implementation of the FASB proposal will require most banks to boost their allowance; perhaps in the neighborhood of 30-50% system-wide if applied today. Blog Bank Credit Union'

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Synthetic Identity Fraud: Prevention & Detection Tips for Financial Institutions

Abrigo

Once the synthetic identities accumulated positive credit reports, participants in the scheme used the identities to fraudulently obtain loans and credit card accounts, then used the accounts to the maximum amount without paying the balances. The largest ever bust out case to date?

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World Elder Abuse Awareness Day: What Can Financial Institutions Do to Become More Aware?

Abrigo

According to the Consumer Financial Protection Bureau in their February 2019 publication Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends , SAR filings on EFE quadrupled from 2013 to 2017, totaling 63,500 in 2017 for a total of $1.7 billion reported by financial institutions.