RMAi Blog

APRIL 13, 2023

Credit cards allow you to use other people’s money while debit cards only let you spend your own money. How a Credit Card Works: Before you can get a credit card, you will have to complete a credit application. A credit limit is the total amount you can charge on the card at any given time.

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Abrigo

MAY 30, 2023

Despite the seemingly long runway to prepare, it's not too early to get a handle on the new requirements and how they will affect a bank or credit union. At Abrigo’s recent ThinkBIG conference, hundreds of bank and credit union staff members attended information sessions on the issue. Talk to a specialist to learn more.

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Biz2X

APRIL 13, 2023

Proper portfolio monitoring is important in banking because it reduces portfolio risk, promotes regulatory compliance, and minimizes losses. Credit monitoring works hand in hand with a bank’s underwriting process. However, banks, credit unions, and alternative lenders must balance their profit margins with industry standards.

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Abrigo

NOVEMBER 22, 2021

Consumer lending compliance — like other aspects of enterprise risk management at financial institutions — saw a huge impact from the COVID-19 pandemic. This applies not only to consumer loans but to mortgages — residential and commercial—every form of credit in America,” he said during a recent Abrigo webinar, “ Consumer Lending 101.”.

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Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Credit Risk Management.

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