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RMAI Update August 2024

RMAi Blog

The bill would broadly define medical debt to mean “a debt related to, in whole or in part, a transaction, account, or balance arising from a medical service, product, or device.” The scam resulted in numerous unauthorized electronic transfers being made from the customers’ accounts at the financial institution.

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FinCEN Issues Advisory on COVID-19 Related Medical Scams Transactional Red Flags for your Suspicious Activity Monitoring Program

Abrigo

Remaining aware of COVID-19 related red flags and training staff on key indicators will enhance your transaction monitoring program and assist you in detecting fraud perpetrated upon victims struggling during this difficult time of pandemic. Your BSA software should be customized to fit your risk profile. Learn More. C&I Loans.

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Consumer Lending Compliance: Hot-Button Issues to Monitor

Abrigo

You might also like this webinar, "Consumer Lending 101.". Regulation E, implementing the Electronic Funds Transfer Act (EFTA). 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.”.