Abrigo

MAY 20, 2020

FinCEN issued an advisory on May 18, 2020 to alert financial institutions to medical scams related to the COVID-19 pandemic as well as new SAR key terms for reporting these scams. Your BSA software should be customized to fit your risk profile. Lending & Credit Risk. Lending & Credit Risk.

Transactions 78

Transactions Electronic Funds Transfer Credit Risk 78

Abrigo

SEPTEMBER 18, 2020

The advisories were issued May 18, July 7, and July 30, 2020, showing the fluidity of the scams in this unprecedented time. When filing a COVID-19 related SAR, FinCEN requests that SAR field 34(z) (Fraud Other) be selected and the key term “COVID19 MM FIN-2020-A003” in SAR field 2 (Filing Instruction Note to FinCEN) and in the narrative.

Electronic Funds Transfer 78

Electronic Funds Transfer Cybersecurity Transactions Credit Risk 78

Abrigo

NOVEMBER 22, 2021

Regulation B, implementing the Equal Credit Opportunity Act (ECOA) for fair lending. Regulation E, implementing the Electronic Funds Transfer Act (EFTA). Regulation V, implementing the Fair Credit Reporting Act (FCRA) related to consumer reporting. Credit Risk Management. Lending & Credit Risk.

Credit and Collections 78

Credit and Collections Debt Collections Credit Unions Electronic Funds Transfer 78