Vendor Mistake Costs Bank $10 Million
Think your bank is compliant and following the law? You can’t be sure unless you’re closely monitoring your vendors.
BSA Meets Vendor Management
How necessary is it to document your vendor selection process? If a new law in New York state is any indication, it’s becoming more and more important.
Regulators Use Mystery Shoppers for $10.6M Fair Lending & Redlining Settlement
The CFPB is now using mystery shoppers to identify Fair Lending and Redlining risk, resulting in a recent $10.6M settlement. Learn about this new...
The Real Cost of Compliance for Lenders [Infographic]
The cost of compliance for banks and lenders in 2016 is high. Learn key facts and figures about the real cost of compliance with this free infographic!
Compete with the CFPB for Complaints...It's Good Business!
The CFPB is actively seeking consumer complaints - are you competing for access to those complaints from your consumers? You should be. Learn why.
Beware Fair Lending Risks Associated with Second Reviews & Exceptions
A recent HUD settlement highlights potential Fair Lending risks related to second reviews & exceptions. Learn about the agreement and our observations.
Can Your Third-party Vendor Fend off Cyber Attacks?
What do the Bangladesh central bank and your third-party vendors have in common? They need to be taking steps to protect from cyber attacks.
When Third-Party Vendors Mean Quadruple the Risk
Financial institutions outsource to be efficient. Whether it’s offering competitive products and services or making good use of staff resources,
5 Reasons to Smile About Regulatory Compliance
If you are headed to San Diego for the ABA Regulatory Compliance Conference, please visit TRUPOINT in booth 415. Here are 5 things we're looking forward to…
Four Ways to Ensure Your Vendors Are Prepared for Disaster
If you’re dependent on a third-party vendor that can’t quickly recover from a disaster, there’s a major gap in your own business continuity plan.
The $30 Million Spreadsheet: The hidden costs of spreadsheets–and their mistakes
As regulatory guidance has expanded the scope of regulations, risk and vendor management have grown more complicated. Enterprise risk management
The OCC Walks the Enterprise Risk Management Walk—and So Should You
For years regulatory agencies have emphasized the importance of enterprise risk management (ERM). Now the OCC is taking its own advice.
Limited English Proficiency & Consumer Compliance: Unpeeling the Onion
Limited English Proficiency (LEP) is an important consideration in Fair Lending compliance. Here, we'll share regulatory perspectives and our advice.
A Quick Guide to the CFPB's Supervisory Highlights Report
The CFPB's Winter 2016 Supervisory Report provides valuable guidance and insight to lenders about their priorities and the direction of the industry.
9 Regulatory Priorities for the Next 2 Years, from the CFPB
From consumer reporting to small business lending, here are 9 regulatory compliance priorities for the next 24 months that the CFPB outlined.
$2.8M Redlining Settlement Impacts Community Banks
A recent $2.8M HUD redlining settlement with a $350M bank highlights the need for strong redlining risk management system. Learn more here!
9 Keys for a Successful Fair Lending Compliance Management Program
Developing a strong Fair Lending compliance management program can be difficult. Here are the 9 key elements of a strong compliance program!
Cybersecurity Maturity: How Grown up is your Solution?
How effective is your cybersecurity solution? We look at this question and how to make improvements where necessary.
Becoming Unbreakable: Why Business Continuity is Critical for FIs
Effective business continuity plans (BCPs) are essential for any business but especially critical for financial institutions.
The Perps Behind Cyber Crime May Not Always Be Who You Think
Have you heard of social engineers? You may imagine them as professionals who bring people from different backgrounds into fellowship for the greater good.
This is How We Guarantee Compliance Success for Our Clients
Ever wondered what TRUPOINT does, why we do it, and how we add value? Here's some detail on our approach to compliance analysis and consulting.
5 Regulatory Compliance Priorities for 2016 and Beyond
Here are 5 regulator priorities for 2016 and beyond - use this insight to plan your compliance goals for the new year!
Black Friday, Card Creepers, and Aluminum; Oh My!
A glimmer of hope in this hackable world began to shine on October 1, 2015, when the issuance of EMV “chipped” credit cards became mandatory. These chips..
The FFIEC Brings the Board to the Block
With the FFIEC’s November 2015 release of the organization’s IT Technology Examination Handbook, many financial institutions’ board members get surprises.
EMV chips are here. Are you ready?
Financial institutions need to prepare for the EMV chip mandates. Specifically, equipment and operational requirements, parameters, controls and procedures
The Auditors are Coming! The Examiners are Coming!
If you haven’t considered switching to an automated process, you may want to before your next audit or exam. Think about how quickly you can create to do
Yellen ain't yellin'
Recent Fed news indicates that Federal Reserve Chair Janet Yellen, in her speech at a conference of bankers and financial leaders at the Federal Reserve
EMV Chips with No Service Dips
EMV – which stands for Europay, MasterCard, and Visa – is a global standard for cards equipped with computer chips.
7 Time Management Hacks for Super-Busy Compliance Professionals
Compliance officers deal with lots of work-related stress. Use these 7 time-management hacks to be more productive and reduce stress!
Concerns Surround the FFIEC Cybersecurity Assessment Tool
Currently, the cybersecurity assessment tool is optional. So, why is there rising concern over a cybersecurity tool deemed useful by more than 500 banks?