Inside USAA’s CRA Rating Downgrade and $85 Million Penalty
USAA’s CRA rating was downgraded after the OCC found llegal credit practices which cost USAA $85 million in penalties.
Citibank’s $400 Million ERM & Compliance Fine: 6 Lessons Learned
Not properly implementing enterprise risk management for financial institutions can result in unsound practices, penalities, and more.
CFPB Proposals on Small Business Data Collection
Understanding how the CFPB may implement sec 1071 of Dodd-Frank can help your FI make strategic decisions when it comes to small business data collection.
CFPB Sues Debt Collectors: Are You Making the Same Compliance Mistakes?
The CFPB sued debt collectors and debt buyers for making compliance mistakes that allegedly violated the CFPA and FDCPA.
Expanding Our Capabilities For You
Ncontracts is excited to announce the acquisition of Banc Intranets and want to welcome all of our newest colleagues to the Ncontracts family!
Ncontracts Acquires Banc Intranets
Ncontracts announced it has acquired Banc Intranets and now offers the most comprehensive set of capabilities to assess and monitor risk and compliance.
Making Lending Fair for Everyone
Fair lending means lending should be fair for everyone. Here are a few steps that financial institutions should take to help ensure everyone a...
Ncontracts Once Again Recognized by Inc. Magazine as One of America’s Fastest Growing Companies
Ncontracts recognized by Inc. Magazine as one of America's Fastest Growing Companies showcasing rapid growth and expansion of the customer base.
Ncontracts Names Guy Weismantel EVP of Marketing
Brentwood, TN., July 20, 2020. Ncontracts announced that effective July 15, 2020, Guy Weismantel has joined the company as Executive Vice President of...
Ncontracts Launches New Automated Audit Management Tool, Nverify
Brentwood, TN., July 01, 2020. Ncontracts is excited to announce the launch of its much-anticipated audit management tool, Nverify.
Does Your CMS Measure up to DOJ Expectations?
That means it’s in a FI’s best interest to look so they can feel confident that existing policies and procedures align with DOJ expectations.
What the Fed Chair has to Say About Fair Lending Enforcement
We’ll check in on Federal Reserve Chairman Jerome Powell’s latest comments on Fair Lending enforcement.
The Problem With Playing In A Software Sandbox
How do you vet a third-party vendor solution? If the answer is asking to test out the product in a sandbox, then you may want to rethink it.
OCC Releases Final CRA Modernization Rule: What You Need to Know
The OCC released its final Community Reinvestment Act (CRA) rule last week, shortly before Comptroller Joseph Otting stepped down.
Fair Lending FAQs Part 1: Exam Outlook, CRA & Mortgage Forbearance
Fair lending is always a hot topic. This is especially true when there are regulatory changes and lenders are scrambling to decipher the unintended...
A Little Monday Inspiration: The Banking Heroes We Need
We all need a little inspiration to brighten these difficult days. I got a dose last week from this story in The Washington Post about how nimble banks
Ncontracts Announces New Board of Directors
Nashville, TN, April, 21, 2020 – Ncontracts, the leading provider of integrated risk, vendor and compliance solutions for financial institutions...
Ncontracts Successfully Completes Another SSAE 18 Audit
Ncontracts Successfully Completes Another SSAE 18 Audit
COVID-19 Update: CFPB Postpones HMDA Data Collection
As financial institutions scramble to maintain operations and aid customers and members as COVID-19 continues to spread, the Consumer Financial Protection …
Covid-19 Risk Management: Balancing CRA & Fair Lending
The Federal Reserve Board, the FDIC, and the Office of the Comptroller of the Currency encourage financial institutions to work with affected customers
Coronavirus, HMDA, and Doing the Next Right Thing
As we struggle with disruption and uncertainty, as the coronavirus upends the routines of our lives, it’s natural to feel overwhelmed and unsure...
Ncontracts Receives the 2020 Tennessee Roaring 20 Award from The Association for Corporate Growth
Ncontracts is the one of the top recipients of the 2020 Tennessee Roaring 20 awarded by the Tennessee chapter of the Association for Corporate Growth (ACG)
How to Make the Most of Expanded CRA Modernization Comment Period
Bowing to criticism that a 60-day comment period is unusually short and not enough time for in-depth analysis, the Office of the Comptroller...
What Should I Do Before Submitting My HMDA Data?
Here are 5 steps you need to take before filing your HMDA LAR!
Educational Redlining Report Raises Questions About Fair Lending
Imagine a 24-year-old analyst applying to refinance a $30,000 student loan. He lives in New York City, makes $50,000 a year, and has held his job...
6 BCP Lessons Learned When Ncontracts Shut Down Its HQ for the Day
Ensuring smooth operations, even when your main office is inoperable or unreachable, is a cornerstone of business continuity management.
Wells Fargo Settles Philadelphia Fair Lending Suit for $10 Million
Regulatory fair lending enforcement actions have been quiet lately, but that doesn’t mean there aren’t consequences for alleged violations.
Gryphon Investors Acquires Ncontracts, A Leader in Integrated Risk Management Software for the Financial Industry
Gryphon Investors Acquires Ncontracts, A Leader in Integrated Risk Management Software for the Financial Industry
Fed Strategies for Managing Fair Lending Risks of Digital Redlining
The Community Reinvestment Act (CRA), the OCC and the FDIC finally released their proposed rulemaking for the regulation’s first overhaul in 25 years.
FDIC & OCC Release CRA Notice of Proposed Rule Making
The OCC and the Federal Deposit Insurance Corp (FDIC) finally released their notice of proposed rulemaking for the regulation’s first overhaul in 25 years