Abrigo

JANUARY 30, 2024

The ThinkBIG 2024 conference is June 3-6 in Phoenix, Arizona, and with 99% of last year’s attendees saying they would recommend the conference to others, Abrigo expects another large crowd. The 2024 ThinkBIG conference offers two conference tracks along with larger general sessions that will set financial institutions up for success.

CECL 78

CECL Credit Unions Credit Risk Cybersecurity 78

Abrigo

SEPTEMBER 17, 2024

Strategies for 2024 Key components of managing interest rate risk These five areas of focus can help financial institutions improve their standing and prepare for the future. Dave Koch , Director of Abrigo Advisory Services, shared valuable insights on this topic during a recent episode of Ahead of the Curve: A Banker’s Podcast.

CECL 88

CECL Credit Unions Credit Risk 88

Abrigo

APRIL 24, 2025

The Feds June 2024 Community Banking Connections newsletter noted that concentration risk, particularly commercial real estate (CRE) risk , has remained a central supervisory focus since the Great Recessionand recent history has added a new layer of urgency. Louis Federal Reserve. Louis Fed shows.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Dashboards 78

Abrigo

FEBRUARY 14, 2024

In AGC’s 2024 outlook report , 64% of contractors named rising interest rates and financing costs as one of their biggest concerns. Stay up to date with CRE advice. Given the importance of cash flow management in construction, these pressures may point to underlying construction lending risks that may outweigh returns.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

OCTOBER 10, 2023

Read "Commercial risk rating considerations." Read "Commercial risk rating considerations."

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Abrigo

JUNE 27, 2024

Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution. Show your board of directors and leadership an outline of what it will take to prepare for FedNow at your institution.

Transactions 88

Transactions CECL Credit Unions Credit Risk 88

Abrigo

OCTOBER 17, 2023

According to the OCC, examiners should "determine the suitability of governance processes, including acquisition or retention of qualified staff, when the board or management undertakes significant changes" related to: M&A System conversions Regulatory requirements The implementation of new, modified, or expanded products and services (such as (..)

Credit Unions 78

Credit Unions CECL Credit Risk Dashboards 78

Abrigo

FEBRUARY 16, 2024

Staying up to date on accounting changes: Analysts should be aware of accounting changes, such as the treatment of troubled debt restructurings (TDRs) under CECL, and ensure that their policies and procedures are updated accordingly.

CECL 78

CECL Credit Risk Credit Unions 78

Abrigo

NOVEMBER 17, 2023

Read lenders' reviews of commercial loan origination software in this report by Datos Insights Keep me informed Download Report Whitepaper Asset/Liability Credit Risk Management Lending & Credit Risk Portfolio Risk & CECL Stress Testing Ahead of the curve: A banker’s podcast episode 8 – OCC’s 2024 priorities Learn More Webinar (..)

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

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. Portfolio Risk & CECL. Learn More. Asset/Liability. Fraud Prevention. Learn More.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Abrigo

NOVEMBER 13, 2023

Tackling common credit risk questions during challenging times Keep me informed watch webinar Whitepaper Loan Review and Due Diligence Portfolio Risk & CECL Loan Review Benchmark Survey Results – 2023 Edition Learn More Webinar Asset Liability Modeling Asset/Liability Portfolio Risk & CECL Redefining ALCO: 5 Strategies to deploy (Or you’re (..)

CECL 78

CECL Credit Risk Transactions 78

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. 1, 2024, is the earliest compliance deadline. Earliest deadline is 2024 Three deadlines for CFPB 1071 rule compliance The earliest reporters are those that have originated at least 2,500 small business loans covered by the rule in 2022 and at least 2,500 in 2023.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Biz2X

NOVEMBER 5, 2024

Reading Time: 4 minutes In the final quarter of the calendar year, key players at financial institutions are closing the books on 2024 and beginning to look ahead to the new year. Both ALLL and CECL are accepted methodologies for calculating expected credit losses, however on June 16, 2016, CECL became the standard for credit loss accounting.

CECL 52

CECL Credit Unions Small Businesses Transactions 52

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.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

APRIL 25, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Indeed, most small businesses require external financing to survive and grow. 1 appeared first on Abrigo.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Abrigo

FEBRUARY 14, 2023

The regulation, expected to be finalized in weeks, outranked BSA/AML rules, beneficial ownership requirements, and current expected credit loss (CECL) obligations. That timeline would put the compliance deadline around October 2024. Compliance would be required 18 months after the final rule is published.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 78

Abrigo

APRIL 22, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Between 1994 and 2020, nearly a third of new employer establishments didn’t last more than two years, and the 15-year survival rate was 26%.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Abrigo

MAY 22, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Between 1994 and 2020, nearly a third of new employer establishments didn’t last more than two years, and the 15-year survival rate was 26%.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

APRIL 16, 2025

CECL-related proposal from FASB Equipment-financing firms, accounts receivable lenders, and other private firms managing contract-based receivables could benefit under a CECL-related proposal from the Financial Accounting Standards Board (FASB). Need help simplifying CECL? We can help.

CECL 78

CECL Credit Unions Credit and Collections Transactions 78

Abrigo

FEBRUARY 3, 2025

However, these discounts began to ease in early 2024 as market rates stabilized and portfolio yields adjusted upward. Later in 2024, the Fed reduced rates in September and December, further aiding in reducing loan discounts. You might also like this report : "Fair value disclosure review: 3Q 2024."

CECL 88

CECL Credit Risk Transactions Default 88

Abrigo

FEBRUARY 6, 2025

CECL transition One of the biggest shifts in M&A accounting under CECL (current expected credit loss) rules is the need to integrate two institutions loss estimation models into a single framework. Key steps in this process include: Determining whether the acquiring banks CECL model can accurately reflect the combined portfolio.

CECL 78

CECL Transactions 78

Abrigo

OCTOBER 15, 2024

How is your loan review function performing?

Credit Unions 97

Credit Unions CECL 97