A Quick-and-Dirty Guide to CRA Compliance Exams
CRA compliance is familiar for many institutions. In this post, we'll cover a few things you may not know, and provide some tips for how to prep for a...
RiskTech vs RegTech
Don’t let the label of RegTech trick you into thinking that checking off to-dos on a list of tasks is compliance. Here's more on RiskTech in our article.
Cloudy with a Chance of Data Loss
Perhaps there’s no buzz word more confusing to bankers and credit union executives than the “cloud.” It evokes an ethereal image of data floating safely
10 Most Popular Smart Compliance Blog Posts of 2016
In case you missed any of the most popular blogs of 2016, here they are, rounded up just for you! We've also linked to some of the most popular free resour…
When Natural Disasters Become Customer Relationship Disasters
Customers don’t want to hear that a data center across the country flooded, a cyberattack overwhelmed systems or a piece of equipment failed. In their eyes
Why You Need to Focus on Cybersecurity Risk Now
Rather than lump cyber risk in with other categories, it’s important for banks and credit unions to directly address this risk with their critical vendor
3 Fair Lending Focal Points for the CFPB in 2017
The CFPB recently released their top Fair Lending compliance priorities for 2017. Here they are - and why it matters to you, even if they aren't your regul…
What is Concentration Risk - And What Does My Regulator Have to Say About It?
When most bankers and credit union executives think of concentration risk, they think of lending—but concentration risk has a different meaning whentalking
Compliance Risk - Avoid Vendor Compliance Failures by Properly Assessing Risk
Compliance risk is one of the 10 biggest vendor risks facing FIs—and the reason why FIs need to know the whats, hows and whens of its vendors’
Country Risk - Why It Pays to Choose Domestic Service Providers
Think it’s tricky to keep track of the rules and regulations U.S. regulatory agencies? Imagine following operational requirements of foreign countries.
Planning to Fail or Failing to Plan - Strategic Risk
Strategic risk is the possibility that a company doesn’t make decisions that support its long-term goals. Learn how to avoid these costly decisions.
Are These Top 3 Compliance Priorities for 2017 on Your List?
2016 is coming to a close, and 2017 preparations are in full swing. Read this blog to learn 3 top compliance priorities for next year. Are they on your lis…
Assess Vendor Reputation Risk - Before You Have to Rebuild Yours
Ben Franklin once wrote that “Glass, china and reputation are easily cracked, and never well mended.” Reputation risk can be mitigated through these steps
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Operational Risk - Foreseeing the Unforeseen Costs of Outsourcing
Operational risk is the risk of financial loss when processes, people or systems fail. It can hurt a financial institution in many ways, including these...
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Credit Risk - You’ll Take the Blame If Your Vendor Doesn’t Have the Credit
See the definition of credit risk.
5 Redlining Risks Your Compliance Team Can't Afford to Ignore in 2017
The regulators have sent a clear signal in 2016: Redlining is a focal point. Here are 5 Redlining risks your compliance team can't afford to ignore in 2017…
5 Fatal Flaws That Will Destroy Your Fair Lending Compliance Program
Over the years, we've noticed these 5 fatal flaws that can jeopardize your Fair Lending risk management and catch the regulators' attention. Learn more tod…
The Human Side of Vendor Management - What Vendor Management Can Learn From HR
Many financial institutions view vendors as a necessary evil, but extending a little trust to vendors goes a long way towards building a bridge to success.
One Size Doesn't Fit All - Updated Guidance from CFPB on Third-party Service Providers
The CFPB clarifies guidance on how to treat vendors of different sizes and impacts after many have been treated with equal scrutiny regarding due diligence
Compliance 101: Defining REMAs, Assessment Areas & More
Learn the definition of key terms like REMA, Assessment Area & Performance Context, which are essential for Fair Lending, CRA and Redlining compliance...
Surrogate Regulators: The Vendor Management / Fintech Connection
Should Fintech companies be regulated? With banks responsible for third-party services and the CFPB addressing regulatory concerns, is it necessary?
Losing Control: Poor Compliance Controls Lead to $28.5 Million in Fines and Redress for Navy FCU
Empty threats are rarely a good idea—and sometimes they are straight-up illegal. That’s the lesson $73 billion-asset Navy Federal Credit Union is learning.
Community Action Groups Pressure Banks with Fair Lending Data Analysis
Community action groups are taking the lead of regulators and using Fair Lending data analysis to put pressure on local lenders. Here's how to defend yours…
5 Redlining Compliance Facts Identified in the Fair Lending Hot Topics Webinar
All year, Redlining risk has been a regulatory focal point, including at this year's annual Interagency Fair Lending Hot Topics Webinar. Learn the key...
This Year's HMDA Data is Now Public! Here's What to Do About it.
The annual release of public HMDA data always sparks discussion and delivers insight. This year is no different. Here's are five steps to take now!
Your Vendor Shortlist is Not a State Secret
Keeping your vendor shortlist a secret may seem like a good idea, but protecting it only serves to limit your options as the buyer.
How Not to Manage Risk–A Lesson Courtesy of Wells Fargo
Either Wells Fargo didn’t have strong enough account opening and management policies and procedures in place or there wasn’t a strong enough system ensure
Are Your Third-Party Vendors Protecting the Rights of Servicemembers?
America’s armed forces protect our country—and the financial services industry is supposed to do the same for servicemembers.
Preventing the Top 3 Vendor SLA Mistakes
one of the most effective tools in a financial institution’s vendor management arsenal, but too many institutions make major mistakes when crafting SLAs.
Compliance Emergency Room - Tracking Exam and Audit Findings
Your latest audit just revealed findings. What now? It's time to triage them in your compliance emergency room. What's that? Read more to find out.