Remove CECL Remove Small Businesses Remove Transactions
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Structuring cash transactions: Example reviews and best practices for banks

Abrigo

How does your AML program detect structured cash transactions? Takeaway 2 Put yourself in the customer’s shoes to identify why they might be performing transactions in a manner that reflects potential structuring. Following the passage of BSA, bad actors began structuring cash transactions to avoid the required reporting.

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Optimizing small business lending: Best practices and strategies

Abrigo

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending.

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FAQs: CFPB small business data collection info for lenders

Abrigo

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

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Leveraging Automated Underwriting for Small Business Lending

Abrigo

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

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How to Win Small Business Loans This Year

Abrigo

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending.

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The CFPB section 1071 effective date

Abrigo

Timelines for small business loan data collection and reporting Deadlines for complying with the new CFPB section 1071 rule requirements for financial institutions to collect data on small business loan activities. You might also like this one-page summary of key dates and deadlines for complying with the 1071 rule.

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Navigating Year End for Banks and Lenders 

Biz2X

Credit Loss Accounting for Banks In addition to routine reporting that is required at the close of any period, banks and credit unions must also calculate their allowance for loan and lease losses (ALLL) or Current Expected Credit Losses (CECL). Banks must set aside, and report, a cash reserve depending on the total calculated losses.

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