TOPIC: Policy

Underwriting Guidelines for Unsecured Loans

VP at a bank ($648MUSA)
We are tightening down our unsecured lending guidelines. I am curious what others are doing? Are you only allowing existing customers to obtain unsecured credit? How are you determining the amount of unsecured credit that will be extended (% of net worth or % Gross Income)? Are all unsecured credits made as installment loans or are you allowing single pays? Do you have different term limits depending on installment vs. term? Any feedback related to underwriting an unsecured loan would be appreciated.


    Employee at a bank ($264MUSA)
    Just wondering if anyone has the following types of policies they would be willing to share:
    • Condolence & Congratulations Policy – sending of flowers or gifts for employees, board members, special customers. (Death, hospitalization/illness, birth or adoption of child, marriage)
    • Birthdays and Anniversaries
    Thanks in advance.

      [White Paper] History of BSA by Former Top Banking Executive

      WHITE PAPER    

      50 Years of the Bank Secrecy Act

      It’s Time to Renew the Purpose of Providing Actionable Intelligence to Law Enforcement
      Authored by Jim Richards
      Senior Strategic Advisor, Verafin
      Principal, RegTech Consulting LLC
      Former Global Head of Financial Crimes Risk Management, Wells Fargo & Co.

          Read Now

      To recognize almost 50 years of the Bank Secrecy Act (BSA), thought leader and industry expert, Jim Richards, has produced this thoughtful and insightful whitepaper. In charting the Act’s story through the years, Richards posits that “It’s time to renew the purpose of providing actionable intelligence to law enforcement”.

      Get a 'big-picture' view of how the BSA has evolved in reaction to the changing social and economic landscape, and hear Richards’ modern take on compliance and regulation and how today’s BSA might lead the industry forward into what he calls “an exciting and dynamic time”.     Read Now

        Payday Lenders Policy

        CCO at a bank ($258MUSA)
        Does anyone have a policy specific to Payday Lending?  We have a customer that is a Payday Lender, and I'd like a specific policy for this customer.