Abrigo

JANUARY 24, 2025

Understanding broad market trends and the specific forces affecting bank and credit union portfolios can guide institutions decisions while helping them prepare for examiner scrutiny of CRE risk , according to a recent Abrigo webinar, Being strategic with your CRE. Only 2% reported a significant deterioration in some CRE segments.

Credit Unions 88

Credit Unions Credit and Collections Credit Risk Small Businesses 88

Your Virtual Credit Manager

OCTOBER 15, 2024

Full Speed Ahead for Collections Effective collections management is key to maintaining healthy cash flow and minimizing overdue accounts, which will reduce your risk of bad debt losses. To continue reading and learn how to adapt your collection efforts to the current economic challenges, you must be a paid subscriber.

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Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR) 100

SAP Credit Management

FEBRUARY 10, 2023

In this blog post, you can find the latest collection of new capabilities in SAP S/4HANA Cloud, public edition, and SAP S/4HANA Cloud, private edition, in the area of Environment, Health, and Safety (EHS). Thanks for reading this blog post. Stay tuned!

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Abrigo

DECEMBER 2, 2024

Checks in the mail: A holiday gift for thieves As sure as Santa visits millions of homes on Christmas Eve, holiday check fraud will find its way into banks and credit unions during the festive season. Abrigo’s new fraud detection software for banks and credit unions finds more fraud faster. Marydith J.

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Credit Unions Credit and Collections Transactions 78

Abrigo

FEBRUARY 21, 2025

Making the most of data developed for CECL See how banks, credit unions, and other financial institutions can leverage data developed and used for the CECL model for stress testing and strategic insight. Learn more in this webinar , "Transforming CECL data into stress testing and strategic insight."

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CECL Credit and Collections Credit Unions Default 78

Abrigo

MARCH 21, 2025

The Community Reinvestment Act (CRA) ensures that banks provide fair access to credit and other financial services. To keep up with the CRAs requirements, many of which center on enhanced data collection, banks must take a more data-driven and strategic approach to compliance. LEARN MORE CRA compliance by bank size: W hats required ?

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CECL Credit and Collections Dashboards Credit Unions 78

Abrigo

JULY 28, 2017

In a recent webinar for credit union executives, Danny Sharman a risk management consultant with Sageworks addressed loan data for these institutions, especially as they look toward the currect expected credit loss model (CECL) that will be required for the allowance for loan and lease losses (ALLL).

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Waystar

MARCH 21, 2023

Point-of-service collections in healthcare grow more complex — and more critical — each day. Use these four tips to improve your collections at the time of care. Point-of-service collections in healthcare tip: 1. Share the costs Co-payment collections are a necessity. Can’t wait for a new blog each week?

Credit and Collections 98

Credit and Collections Deductions Transactions 98

SAP Credit Management

SEPTEMBER 1, 2023

As the heart of business processes and information, having the right ERP software is essential to collecting, measuring, and sharing sustainability data and KPIs. Banks are increasingly committed to net-zero lending practices and, as a result, they are factoring sustainability into credit risk assessments for all their lending.

Credit and Collections 167

Credit and Collections Credit Risk Transactions 167

RMAi Blog

SEPTEMBER 13, 2024

On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. The report stated that the CFPB received approximately 109,900 debt collection complaints in 2023. The number one complaint type was “attempts to collect debt not owed.”

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130

RMAi Blog

OCTOBER 14, 2024

In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).

Credit and Collections 130

Credit and Collections Law Firms Collector Credit Reporting Agencies 130

Abrigo

SEPTEMBER 23, 2024

Data for banks & credit unions Real-time pricing trends for loans Now that the Fed has lowerered interest rates , financial institutions will want to carefully monitor current loan interest rate trends in their markets to remain competitive as rates drop. Would you like other articles like this in your inbox?

Credit Unions 88

Credit Unions Credit Risk Credit and Collections Small Businesses 88

RMAi Blog

DECEMBER 13, 2024

CFPB expressed concern over social media influencers on platforms like TikTok and Instagram spreading misinformation about debt collections. The consumer didnt pay the providers bills, and eventually the provider retained a collection agency which reported the debts to credit reporting agencies. 1692, et seq.

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Credit and Collections Debt Collections Credit Reporting Agencies Collector 130

Abrigo

DECEMBER 29, 2023

Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Here are the top resources.

Credit Risk 88

Credit Risk Credit Unions Credit and Collections Small Businesses 88

Your Virtual Credit Manager

FEBRUARY 15, 2024

Thank you for being a free subscriber to Your Virtual Credit Manager (YVCM). We’d like to be your trusted advisor for credit, collections and receivables management. If you like this newsletter, get value out of it, and believe in paying people for their work, please consider a paid subscription.

Credit and Collections 130

Credit and Collections Credit Management Small Businesses 130

Abrigo

FEBRUARY 14, 2023

You might also like this checklist for preparing for the CFPB 1071 rule DOWNLOAD Takeaway 1 Bank and credit union executives are worried about complying with the CFPB's upcoming final rule on small business loan application data. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 78

RMAi Blog

AUGUST 14, 2024

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

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Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Abrigo

AUGUST 1, 2017

In order to prepare for FASB’s Current Expected Credit Loss (CECL) model, credit unions are currently relying on different methods to collect and store data. Limited Data Collection Method In this method, credit unions leverage core system(s) to capture data.

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Credit Unions CECL Credit and Collections 60

Your Virtual Credit Manager

JUNE 20, 2023

Special Offer: On June 26, 2023, at 1PM EDT, David Schmidt will be leading a live webinar covering “ Strategic Collections: Process Efficiency and Tactics to Drive Superior AR Performance.” In terms of extending credit, tightening credit controls to minimize the risk of bad debt loss is a natural result of this mindset.

Credit Risk 20

Credit Risk Bad Debt Credit and Collections AR Aging 20

Gaviti

SEPTEMBER 6, 2023

Contact your customer success manager or email us at info@gaviti.com Join our webinar on Sep 13th to learn more about the new Cash Application module >> Credit Application Management: Empowering Risk Management and Visibility Avoid high risk customers from the start and monitor ongoing risk as they build a relationship with you.

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Cash Applicator Credit Application Collector Bad Debt 98

Your Virtual Credit Manager

JULY 2, 2024

Moreover, if you are trying to collect from a small business, you may have to deal with the owner, who will have a lot on their plate in addition to their debt to your company. New to collections? You should attend Introduction to Business/Commercial Collections on Tuesday, July 16 at 1:30 PM EDT. annualy, forever.

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Collector Debt Collections Past Due Invoices Credit and Collections 130

Abrigo

MARCH 19, 2021

How credit unions can manage CECL data challenges As credit unions prepare for the Current Expected Credit Loss standard, they'll uncover several data issues they'll need to address. You might also like this webinar: CECL in 2023 - Steps to Take This Year. DOWNLOAD/WATCH. Related Subhead. maturity dates. loss history.

Credit Unions 78

Credit Unions CECL Credit and Collections Default 78

SAP Credit Management

DECEMBER 29, 2022

Using the SAP HANA Database Explorer, you can browse and work with SAP HANA database objects e.g., tables, stored procedures, importing and exporting data, executing SQL statements, working with multi-model data such as graph, spatial and JSON collections, viewing trace files, and troubleshooting. JSON Collection viewer.

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Default 187

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

Your Virtual Credit Manager

JUNE 13, 2023

Open Credit Terms dominate the Business-to-Business (B2B) marketplace. Photo by Jamie Street on Unsplash There are two types of credit risk that arise from selling on open credit terms: Customers paying beyond terms (past due) reduce your cash flow. Credit availability is shrinking. it just might help them pay you sooner!

Credit and Collections 26

Credit and Collections Bad Debt Default Credit Risk 26

RMAi Blog

DECEMBER 14, 2022

The Assurance of Discontinuance alleges the retailer was targeted in a cyberattack in 2018 resulting in customers’ credit card numbers and login credentials being made available for sale on the dark web. RMAI is collecting donations for the 2023 Annual Conference Silent Auction, sponsored by Kino Financial. Miss a Webinar?

Law Firms 130

Law Firms Credit and Collections Credit Unions Debt Collections 130

RMAi Blog

MARCH 14, 2023

This is a very expansive definition which would include medical debt charged on a credit card, including a bottle of Tylenol purchased from a grocery store. RMAI is strongly opposed to this bill and is working with our Colorado lobbyist and other industry trade associations to get an exemption for credit card debt.

Collector 100

Collector Law Firms Credit and Collections Debt Collections 100

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services.

Credit Unions 78

Credit Unions Credit and Collections Credit Risk Small Businesses 78

Credit Management Group UK

NOVEMBER 7, 2022

Collection Performance £99 per person Running w/c 16th January 2023 Our Improving Cash Flow courses are beneficial to those new to collections, with no formal training, or to those who view the course as a refresher in credit control, wishing to improve and develop their collection techniques. Struggling to get paid?

Credit Management 65

Credit Management Credit and Collections 65

RMAi Blog

JANUARY 13, 2023

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. Prof’l Bureau of Collections of Md., Midland Credit Mgmt., 4th 823 (10th Cir.

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Law Firms Collector Credit and Collections Debt Collections 100

Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. The replay of that webinar is available here.

Credit Unions 68

Credit Unions CECL Credit and Collections Accounting Firms 68

SAP Credit Management

SEPTEMBER 13, 2023

Ing-Marie Lönnerheden kicked off the webinar by raising an excellent question: Where do good product change ideas come from? They shared how cross-departmental collaboration can lead to an emergence of great collective intelligence for the enterprise , covering end-to-end use cases for both the Product Development and Formulation processes.

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Abrigo

MAY 27, 2016

A credit memorandum is meant to summarize the information collected during the loan application and credit analysis processes. A credit memorandum is used by the loan committee to decide whether or not to approve a loan and disburse funds to a borrower. Is manual data entry a problem for banks and credit unions?

Credit Unions 74

Credit Unions Credit and Collections 74

SAP Credit Management

JANUARY 25, 2023

Starter Content for Building Forms to Collect ESG Data Group Reporting Data Collections package of sample data entry forms for ESG (environmental, social, corporate governance) metrics based on requirements of GRI and WEF SCM standards allows for quick and easy data collection from entities.

Revenue Recognition 166

Revenue Recognition Credit and Collections Transactions 166

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Would you like other articles on loan review in your inbox?

Credit Risk 78

Credit Risk Credit Unions CECL Credit and Collections 78

Abrigo

MARCH 31, 2023

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.

Credit Unions 78

Credit Unions CECL Credit Risk Credit and Collections 78

RMAi Blog

MAY 12, 2023

Nat’l Credit Sys. , A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. 1692c(c) (failure to cease communications and cease collections) of the FDCPA.” 21-3131, 2023 U.S. LEXIS 10237 (7th Cir. EOS USA, Inc.

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Collector Law Firms Credit and Collections Debt Collections 100