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The 2023 NCUA supervisory priorities: Takeaways for credit unions implementing CECL

Abrigo

NCUA expectations for credit unions post-CECL adoption The NCUA's focus on risk, especially credit risk, has implications for credit unions instituting CECL this quarter. Takeaway 2 Credit unions may still have questions about regulatory expectations for CECL after adopting the new standard.

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How to detect counterfeit checks

Abrigo

You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention" register Takeaway 1 Financial fraud is becoming more sophisticated in today's world, and counterfeit checks and duplicate check deposits are significant threats.

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2020 Goals for Credit Unions Based on NCUA Supervisory Priorities

Abrigo

Be proactive in cybersecurity controls and implement best practices. . From the Bank Secrecy Act and anti-money laundering (BSA/AML) compliance, cybersecurity, credit risk, the implementation of the new standard for current expected credit losses (CECL), consider these goals for your credit union in 2020. . financial system.

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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." The war in Ukraine has financial institutions on high alert for cybersecurity threats. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents.

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2023 Fraud trends: What banks and credit unions can expect

Abrigo

Watch the webinar. Financial Cybersecurity. Banking cybersecurity & cybercrime: Protecting banking customers starts with you. Portfolio Risk & CECL. Stay on top of trending cyber threats. Keep me informed. Whitepaper. Financial Crime. Fraud Prevention. Learn More. Asset/Liability. Fraud Prevention.

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Check It Out: How Can You Better Protect Against Check Fraud at Your Institution?

Abrigo

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." Financial Cybersecurity. Portfolio Risk & CECL. Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Fraud Prevention. Fraud Trends. Learn More.

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What is a Loan Origination System (LOS)?

Abrigo

Regulatory demands Demands related to the allowance for loan and lease losses (ALLL) or the current expected credit loss (CECL), as well as for Dodd-Frank stress testing and other regulatory regimes are requiring lenders to justify and document their risks and decisions in detail. Credit Risk Regulation. Global Cash Flow. Risk Ratings.