Fair Lending is still a top regulatory priority in 2022 As a financial institution, Fair Lending compliance risk management is essential, and it's important to understand your risk in order to effectively manage it. In this post, you'll learn more about key risks and get access to a free Fair Lending quiz!
Nationwide worker shortages have led to big challenges for financial institutions. Not only have they been hard-pressed to find talent but keeping engagement levels high remains a top issue. Just 50% of banking and credit union employees are highly engaged and job satisfaction levels in the U.S. continue to decline.
Compliance professionals are coached to develop, maintain and monitor their financial institution’s compliance policies. This includes monitoring regulatory change, keeping an eye out for new and evolving laws and regulations, and adjusting compliance policies to comply with them.
Your board of directors is responsible for safety and soundness, growth, and increasing the profitability of your bank — all while serving the needs of your customers, employees, and community. Meeting these goals requires that the board of directors makes wise investments in capital projects, including adding or upgrading technology. In a world of finite resources, they want to see a return on investment (ROI).