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Bank Compliance Must Adjust Their Sails

Bank Compliance Must Adjust Their Sails

Posted by Justin Smith on Sep 14, 2011 1:55:00 PM
Justin Smith
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Blog by Andy Barksdale

Jimmy Dean was a reniassance man with a Midas Touch. As you may know, Jimmy Dean was successful on many fronts including a Hall of Fame country music singer, television host, actor and businessman. If you were around back in 1961, who can remember the crossover hit "Big Bad John"? It was an instant classic.

Jimmy Dean succeeded in so many different areas in life, based in-part to how he viewed the world. I saw a wonderful quote that gave perspective on Jimmy's outlook: "I can't change the direction of the wind, but I can adjust my sails to always reach my destination."

Banks, and especially Compliance Officers, have had to maintain a similar mindset in order to survive the last few years. I am confident that this same mindset will be required to master the future. It appears that the winds of change are blowing again and these winds are more than the remnants of Hurricane Irene.

The press headlines signaling change are hard to ignore. How will the foreign banking crisis impact our national regulation? Is it true that Bank of America may be preparing to lay off as many as 30,000 in order to prepare for what the future holds? What about Mobile Banking and Online Services?

One thing is certain, change is omnipresent. Regardless if you are managing your team's Community Reinvestment Act, HMDA, Lending Compliance, Bank Auditing, Compliance or leading the entire enterprise...we have to be prepared to adjust the sails and catch the wind.

TruPoint Partners is busy adjusting our corporate sails to capture the winds of change for the sole purpose of serving you better. New reports, new consulting services, new ways for collaborating to help you get what you need faster, smarter. As we working on making our industry leading approach, better. We would love to hear from you. Help us adjust the sails and provide you what you need! Please send me a note (abarksdale@trupointpartners.com) and let me know how we can help you navigate the winds of change. We are here to help!

Andy Barksdale

 

Topics: CRA, HMDA, Fair Lending, Lending Compliance, Nfairlending, Ncommunity, Product Insight

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