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SAFE Banking Act returns to Congress: Is safe harbor for cannabis banking on the horizon?

Abrigo

The letter further states that the SAFE Banking Act is an urgently needed and widely supported bipartisan legislative solution to allow banks to handle the proceeds from state-licensed cannabis businesses and the accountants, skilled trades, landlords, law firms, and other service providers they rely upon for legal operations.

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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes. Lending & Credit Risk. Portfolio Risk & CECL. Lending & Credit Risk. keep me informed. Watch Webinar. Learn More.

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Managing A "Pay When Paid" Policy

JSP Credit Management

Some companies extend different payment terms to different companies depending on several different factors, such as the service(s)/product(s) being purchased, their purchasing history, their credit risk and other reasons. This has its benefits and its disadvantages, like everything else.

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Your Financial Institution Issued a PPP Loan – Now What?

Abrigo

As a result, some lenders are using solutions that include a standard SBA Form 147 that lenders can autopopulate and save for easy use for the PPP, while others are consulting with lawyers like Joann Needleman, a member of Philadelphia law firm Clark Hill PLC , to draw up their own promissory notes. Lending & Credit Risk.

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Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. Along with credit account information, credit reports typically include public records — records of incidents or actions recorded with a government agency.

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Using BSA Hot Topics to Strengthen Your BSA Program in 2020

Abrigo

In a recent Abrigo webinar presentation by John Geiringer, partner at the law firm Barrack Ferrazzano , John recapped exam findings and consent orders from 2019. Lending & Credit Risk. Portfolio Risk & CECL. Cyber Complications for Vendor Risk Management. Fraud Prevention. Learn More. Learn More.

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The Implications Of Company Structure On Debt Collection

JSP Credit Management

This model is the dominant model in the legal sector for example where law firms will nearly always adopt an LLP company structure. Regardless of the company type, when it comes to credit risk, it pays to take steps to try and mitigate the potential risks before becoming exposed to them rather than after.