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Navigating Compliance Challenges: Lessons from Credit Union Enforcement Actions

Navigating Compliance Challenges: Lessons from Credit Union Enforcement Actions

Learn from the mistakes of credit unions and explore how your financial institution can mitigate risk and elevate your compliance program. 

Dec 11, 2024 6 min read
What is Enterprise Change Management and How Does It Work?

What is Enterprise Change Management and How Does It Work?

Learn how enterprise change management works, what changes fall under ECM, and how your financial institution can create an ECM plan.

Dec 3, 2024 7 min read
What TD Bank’s Money Laundering Debacle Teaches Us About Underfunding Compliance

What TD Bank’s Money Laundering Debacle Teaches Us About Underfunding Compliance

What happens when compliance budgets don’t keep up with growing risk? Learn from TD Bank’s money laundering (AML) scandal and how to improve compliance ris…

Nov 26, 2024 6 min read
Business Continuity Planning and Disaster Recovery: The Differences

Business Continuity Planning and Disaster Recovery: The Differences

Learn more about the differences between a business continuity plan (BCP) and a disaster recovery plan (DR plan) and how to implement each at your institut…

Nov 26, 2024 8 min read
What is AI Washing, and What Are the Risks?

What is AI Washing, and What Are the Risks?

Understand the concept of AI washing and other AI risks financial institutions face, along with the controls you can implement to mitigate these risks.

Nov 21, 2024 6 min read
The Redlining Wake-Up Call: Lessons for Mortgage Lenders

The Redlining Wake-Up Call: Lessons for Mortgage Lenders

Mortgage lenders must take action to address redlining risks and ensure fair lending practices to avoid severe penalties. Learn more.

Nov 19, 2024 6 min read
Compliance for Mortgage Companies: How to Avoid Top Violations

Compliance for Mortgage Companies: How to Avoid Top Violations

Mortgage companies can avoid compliance violations with a strong compliance management system. Here’s how to do it.

Nov 12, 2024 5 min read
OCC Emphasizes Risk Management Lifecycles in 2025 Supervisory Priorities

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 .

Nov 5, 2024 6 min read
Reducing Risk with Consumer Complaint Management

Reducing Risk with Consumer Complaint Management

The only thing worse than a consumer complaint is a consumer complaint that’s ignored and never addressed.

Oct 31, 2024 4 min read
Critical Components of an Effective Incident Response Plan

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.

Oct 29, 2024 5 min read
5 Mistakes That Will Sink Your Compliance Training Program

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 …

Oct 22, 2024 4 min read
What is Dynamic Risk Management and How Does It Work?

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.

Oct 17, 2024 4 min read
6 Findings Management Practices Examiners are Looking for at Financial Institutions

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

Oct 3, 2024 3 min read
Advice for Compliance Officers: How to Foster Productive Business Relationships

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.

Oct 1, 2024 3 min read
Top 10 Reasons Why Compliance Officers Deserve to Be Celebrated

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.

Sep 26, 2024 3 min read
8 Red Flags Indicating Potential Fair Lending Risk

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.

Sep 24, 2024 4 min read
The High Costs of Repeat Findings – and How to Avoid Them

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.

Aug 20, 2024 4 min read
Key Compliance Indicators for Financial Institutions

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?

Feb 8, 2024 6 min read
What Past Banking Failures Tell You About Protecting Your Institution Today

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.

Jan 25, 2024 2 min read
ERM 101: What’s COSO, and Why Should I Care?

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.

Jan 24, 2024 6 min read
Will the CFPB Examine Fintechs Soon?

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?

Jan 24, 2024 4 min read
Poor HMDA Data Collection Costs Bank $12 Million

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.

Dec 5, 2023 4 min read
Best Practices for Out-of-State Mortgage Lending

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.

Nov 30, 2023 4 min read
Ask the Examiner: Your Exam Questions Answered by a Former OCC Examiner

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.

Nov 16, 2023 12 min read
November 2023 Regulatory Update: CRA, the CFPB and the Latest on Climate Risk

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.

Nov 14, 2023 3 min read
Community Reinvestment Act (CRA)  Final Rule: Preparing Your Bank for CRA Modernization

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?

Nov 9, 2023 7 min read
2023 Regulatory Enforcement Actions

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

Nov 2, 2023 8 min read
Court Requires CFPB Update of UDAAP Exam Manual

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.

Oct 31, 2023 5 min read
Morgan Stanley's $100+ Million Vendor Management Mistake

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.

Oct 22, 2023 4 min read
Banking-as-a-Service (BaaS) Explained

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?

Oct 11, 2023 5 min read