Vendor Management: What the FDIC Really Wants
Find out what the FDIC wants banks to know about vendor management. We explore part VII of the Compliance Exam Manual and pull out the nuggets of vm gold.
OCC Vendor Management: What the OCC Really Wants
You just found out you're getting a visit from the OCC. Vendor management is suddenly top priority what do they want? This is the resource you need to read
Guarding Against Cyber Events: How Strong Are Your Vendor’s Protections?
If your third-party contracts are structured like those at many financial institutions, your response may fall short of expectations due to lack of clarity
How Do I Get CRA Community Development Credit?
Getting credit for your CRA Community Development activities can be tough! Here are 5 clear ways you can get Community Development credit.
Warning Ahead: Many Vendor Contracts Are Missing Essential Internal Controls
The phrase “internal controls” is closely associated with accounting, but these valuable tools are also an integral part of risk management.
Is Your Contract Protecting Your Institution?
Don’t ignore your contracts. If you’re not demanding detailed term definitions, controls and performance standards, you’re doing your FI a disservice.
Weak Vendor Management Trickles Down to Contracts
Third-party vendor management is all about managing risk. It’s an issue that regulators have been pressing for years, yet it seems that not every
Compliance 101: Independent Audits, Independent Reviews & Self-Testing
Here, we will define independent audits, independent reviews and self-tests for compliance, and help you understand the key differences between them.
The Life of a Strategic Risk Manager: Building Buy-In
No matter how bright and organized a chief risk officer is, an institution’s ERM program is only effective when employees follow it.
The Life of A Strategic Risk Manager: The problem of manual processes
What’s it like to be a chief risk officer? It’s a complex, time-consuming job—one that balances day-to-day management with big picture planning.
CFPB Just Issued their Largest-Ever HMDA Fine
The CFPB issued a $1.75M fine for HMDA reporting issues, their largest-ever for this kind of violation. Learn more about the fine and improve HMDA...
15 Tiny Productivity Tips Guaranteed to Make a Big Difference for Busy Bankers
You only have 1,440 minutes in every day. Are you making the most of yours? Here are 15 productivity tips that will improve how you manage your...
OCC: Marketplace Lenders Are Third-Party Vendors
The OCC says marketplace lenders are third-party vendors. How does that affect your risk exposure? We look at how you're affected in this blog post.
What Happens in New York Doesn't Stay in New York
How does this help your institution? If any of your vendors have clients in New York state, it should easily be able to provide your institution with
Does Vendor Size Matter?
Some institutions try to simplify vendor management by picking the biggest vendor in each category. Going big, however, is not always the safest option.
9 Fair Lending Compliance Training Essentials [Free Checklist]
Training is a critical part of any Fair Lending compliance management program. Here are 9 essentials of Fair Lending training, plus a free checklist!
Western Unions Pays $184 Million for Ignoring Vendor Due Diligence
After failing to conduct adequate due diligence on vendors, incl. background checks and on-site reviews, the $184MM fine may be its biggest transfer yet.
Lessons from the CFPB: Why It’s a Bad Idea for a Banker to Name His Boat Overdraft
A lawsuit against TCF National Bank alleges that it tricked consumers into signing up for costly overdraft services in order to preserve its bottom line.
Are You Connecting the Risk Management Dots?
The OCC’s Semiannual Risk Perspective for Fall 2016 reinforces the agency’s enterprise wide approach to risk management, particularly to vendor management.
Don’t Let Heartbleed Lead to Vendor Management Heartbreak
A new study has found that the Heartbleed Bug remains a serious problem for nearly 200,000 Internet-connected devices raising questions about vendor mgmt.
Documentation is Key: Takeaways from the OCC’s Third-Party Vendor Risk Management Procedures
Ever wish for a list of exactly what an examiner is looking for? When it comes to the OCC and vendor management, your wish has been granted.
After Six Years, Agencies Fine Mortgage Processor $65 Million
It’s bad enough to be hit with a regulatory consent order. Now imagine the expense and public relations nightmare when those proceedings drag on for years.
Are You Delegating These 3 Key Areas of Compliance Yet?
Explore how the most successful compliance officers are delegating and leveraging experts to reduce overwhelm and better manage risk.
Why Inertia Creates Risk
Inertia is one of the greatest forces in the universe. It applies to banking and business and there are costs if inertia goes unchecked.
The Risks of Apple Pay for Banks and Credit Unions
In the race to remain competitive more than1,600 banks and credit unions have joined Apple Pay, probably hoping that some of Apple’s cool will rub off.
Broker-Dealers Need Vendor Management Too
The Financial Industry Regulatory Authority (FINRA) is putting broker-dealers on notice that vendor management of cybersecurity will be a hot topic in 2017
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…