OCC Emphasizes Risk Management Lifecycles in 2025 Supervisory Priorities
The risk management life cycle is front and center for operational and compliance risk in the OCC’s 2025 supervisory priories for banks .
Reducing Risk with Consumer Complaint Management
The only thing worse than a consumer complaint is a consumer complaint that’s ignored and never addressed.
Critical Components of an Effective Incident Response Plan
Learn about the critical components of an incident response plan and ensure you’re taking the necessary steps to protect your financial institution.
5 Mistakes That Will Sink Your Compliance Training Program
Effective compliance training is essential for your financial institution. Avoid these five common mistakes that can undermine your program and reduce its …
What is Dynamic Risk Management and How Does It Work?
Learn how dynamic risk management (DRM) can help financial institutions update risk assessments and address evolving compliance risks.
6 Findings Management Practices Examiners are Looking for at Financial Institutions
Banks and credit unions – and the fintechs that work with them – need to adopt these findings management best practices to show a commitment to compliance
Advice for Compliance Officers: How to Foster Productive Business Relationships
How can compliance professionals build productive relationships with the board, management, and business units? You can find out in our new article.
Top 10 Reasons Why Compliance Officers Deserve to Be Celebrated
What does a compliance officer do at a bank? In this blog, we explain what they do along with 10 reasons why they deserve to be celebrated.
8 Red Flags Indicating Potential Fair Lending Risk
When assessing Fair Lending risk, it’s not just what your FI is doing, but what it’s not doing. These 8 red flags may indicate potential Fair Lending risk.
The High Costs of Repeat Findings – and How to Avoid Them
Repeat findings are expensive, but preventable issues for FIs. See how other institutions paid the price and learn how to avoid the same mistakes.
Key Compliance Indicators for Financial Institutions
Measuring key compliance risk indicators empowers your FI to mitigate risk. What compliance metrics should you pay attention to?
What Past Banking Failures Tell You About Protecting Your Institution Today
Bank failures have happened to financial institutions of different sizes over the past 40 years, but the reasons are the same. Our risk management helps.
ERM 101: What’s COSO, and Why Should I Care?
When it comes to enterprise risk management, the leading voice is COSO. Read on for COSO FAQs to learn what COSO is and why you should care about it.
Will the CFPB Examine Fintechs Soon?
The CFPB's fintech rule proposes to examine them like other financial institutions. Is your fintech company prepared to undergo an exam?
Poor HMDA Data Collection Costs Bank $12 Million
You know you need to collect HMDA data. But how many Code 2s and Code 3s can you report in a LAR? Read more to find out.
Best Practices for Out-of-State Mortgage Lending
State regulations for mortgage lenders are constantly evolving. Discover what you need to do as you expand your lending.
Ask the Examiner: Your Exam Questions Answered by a Former OCC Examiner
Two former OCC examiners answered banker questions about how to prepare for exams, stay on the good side of examiners and overcome common exam challenges.
November 2023 Regulatory Update: CRA, the CFPB and the Latest on Climate Risk
Here are the latest compliance news, insights, and enforcement actions of November from the regulatory compliance expert team of Ncontracts.
Community Reinvestment Act (CRA) Final Rule: Preparing Your Bank for CRA Modernization
The Agencies have issued their final rule for CRA modernization. What does your bank need to do to prepare for these changes?
2023 Regulatory Enforcement Actions
A recap of enforcement actions in 2023 including deceptive banking practices, third-party oversight, redlining, BSA/AML, credit concerns and other issues
Court Requires CFPB Update of UDAAP Exam Manual
What is the current legal status of the CFPB’s UDAAP discrimination language? How you can prepare for more compliance guidance and laws.
Morgan Stanley's $100+ Million Vendor Management Mistake
Take a look at how deficient vendor management has come back to haunt Morgan Stanley to the tune of a $60 million fine from the OCC.
Banking-as-a-Service (BaaS) Explained
Many community financial institutions embrace BaaS and fintech partnerships to remain competitive. What are the risks and rewards of these relationships?
October 2023 Regulatory Update: CFPB news, cannabis banking, more fair lending litigation, and a few final rules
Get the latest regulatory compliance news, updates, and insights from Ncontracts. News about the CFPB, fair lending litigation, and final rules you can’t a…
3 Things Compliance Officers Should Do to Prepare for an Exam
We'll share 3 actions the best compliance officers take, and 6 steps for Fair Lending exam prep. If you have an upcoming exam, you need to read this.
What Banks Crossing $1 Billion in Assets Need to Know
Banks crossing the $1 billion threshold need to think about a lot more than FDICIA requirements. Risk management and internal controls should be on your ra…
What Is Regulatory Change Management at Financial Institutions?
The six steps to an efficient, repeatable change management process at banks, credit unions, mortgage lenders, and fintechs
What Is Compliance Risk Management?
Compliance risk management, especially when implemented with software, protects financial institutions from financial penalties and reputational risk
Are You an Aggressive Risk Taker? The Answer Might Surprise You
Ignoring risk management is aggressively risky. If you don't engage in risk management, you don't know your financial institution's risk exposure.
Can ChatGPT Help Your Compliance Department? Not Yet.
From inaccuracies to straight-up misinformation, ChatGPT can lead your compliance department astray.