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9 Fair Lending Compliance Training Essentials [Free Checklist]

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!

Feb 23, 2017 4 min read
Why Inertia Creates 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.

Feb 2, 2017 3 min read
The Risks of Apple Pay for Banks and Credit Unions

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.

Feb 2, 2017 4 min read
DOJ Rings in 2017 with Redlining Actions Against Community Banks

DOJ Rings in 2017 with Redlining Actions Against Community Banks

The DOJ welcomed 2017 with Redlining actions directed at three banks. Learn more about those recent actions, plus a few tips for managing your Redlining ri…

Jan 26, 2017 3 min read
RiskTech vs RegTech

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.

Jan 12, 2017 2 min read
Cloudy with a Chance of Data Loss

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

Dec 31, 2016 2 min read
When Natural Disasters Become Customer Relationship Disasters

When Natural Disasters Become Customer Relationship Disasters

Customers don’t want to hear that a data center across the country flooded, a cyberattack overwhelmed systems or a piece of equipment failed. In their eyes

Dec 29, 2016 2 min read
Why You Need to Focus on Cybersecurity Risk Now

Why You Need to Focus on Cybersecurity Risk Now

Rather than lump cyber risk in with other categories, it’s important for banks and credit unions to directly address this risk with their critical vendor

Dec 27, 2016 2 min read
What is Concentration Risk - And What Does My Regulator Have to Say About It?

What is Concentration Risk - And What Does My Regulator Have to Say About It?

When most bankers and credit union executives think of concentration risk, they think of lending—but concentration risk has a different meaning whentalking

Dec 22, 2016 1 min read
Compliance Risk - Avoid Vendor Compliance Failures by Properly Assessing Risk

Compliance Risk - Avoid Vendor Compliance Failures by Properly Assessing Risk

Compliance risk is one of the 10 biggest vendor risks facing FIs—and the reason why FIs need to know the whats, hows and whens of its vendors’

Dec 19, 2016 3 min read
Country Risk - Why It Pays to Choose Domestic Service Providers

Country Risk - Why It Pays to Choose Domestic Service Providers

Think it’s tricky to keep track of the rules and regulations U.S. regulatory agencies? Imagine following operational requirements of foreign countries.

Dec 18, 2016 2 min read
Operational Risk - Foreseeing the Unforeseen Costs of Outsourcing

Operational Risk - Foreseeing the Unforeseen Costs of Outsourcing

Operational risk is the risk of financial loss when processes, people or systems fail. It can hurt a financial institution in many ways, including these...

Dec 10, 2016 2 min read
Credit Risk - You’ll Take the Blame If Your Vendor Doesn’t Have the Credit

Credit Risk - You’ll Take the Blame If Your Vendor Doesn’t Have the Credit

See the definition of credit risk.

Dec 7, 2016 1 min read
One Size Doesn't Fit All - Updated Guidance from CFPB on Third-party Service Providers

One Size Doesn't Fit All - Updated Guidance from CFPB on Third-party Service Providers

The CFPB clarifies guidance on how to treat vendors of different sizes and impacts after many have been treated with equal scrutiny regarding due diligence

Nov 9, 2016 2 min read
Community Action Groups Pressure Banks with Fair Lending Data Analysis

Community Action Groups Pressure Banks with Fair Lending Data Analysis

Community action groups are taking the lead of regulators and using Fair Lending data analysis to put pressure on local lenders. Here's how to defend yours…

Oct 13, 2016 4 min read
5 Redlining Compliance Facts Identified in the Fair Lending Hot Topics Webinar

5 Redlining Compliance Facts Identified in the Fair Lending Hot Topics Webinar

All year, Redlining risk has been a regulatory focal point, including at this year's annual Interagency Fair Lending Hot Topics Webinar. Learn the key...

Oct 7, 2016 4 min read
Your Vendor Shortlist is Not a State Secret

Your Vendor Shortlist is Not a State Secret

Keeping your vendor shortlist a secret may seem like a good idea, but protecting it only serves to limit your options as the buyer.

Sep 26, 2016 2 min read
How Not to Manage Risk–A Lesson Courtesy of Wells Fargo

How Not to Manage Risk–A Lesson Courtesy of Wells Fargo

Either Wells Fargo didn’t have strong enough account opening and management policies and procedures in place or there wasn’t a strong enough system ensure

Sep 20, 2016 2 min read
Compliance Emergency Room - Tracking Exam and Audit Findings

Compliance Emergency Room - Tracking Exam and Audit Findings

Your latest audit just revealed findings. What now? It's time to triage them in your compliance emergency room. What's that? Read more to find out.

Aug 24, 2016 3 min read
What is Vendor Management?

What is Vendor Management?

If you've ever wondered, what is vendor management exactly, we've broken it down to help you understand if vendor management is right for you.

Aug 24, 2016 2 min read
Regulators Use Mystery Shoppers for $10.6M Fair Lending & Redlining Settlement

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...

Aug 19, 2016 3 min read
5 Questions to Learn if Fair Lending Regression Analysis is Right for You!

5 Questions to Learn if Fair Lending Regression Analysis is Right for You!

Fair Lending Regression Analysis is a powerful compliance tool, but it's not right for everyone. Ask these 5 questions and learn if Regression is right...

Jul 14, 2016 3 min read
Compete with the CFPB for Complaints...It's Good Business!

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.

Jun 29, 2016 5 min read
Beware Fair Lending Risks Associated with Second Reviews & Exceptions

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.

Jun 22, 2016 3 min read
The $30 Million Spreadsheet: The hidden costs of spreadsheets–and their mistakes

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

May 16, 2016 3 min read
The OCC Walks the Enterprise Risk Management Walk—and So Should You

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.

Apr 21, 2016 2 min read
Fair Lending 101: Pricing is Only One Piece of the Puzzle

Fair Lending 101: Pricing is Only One Piece of the Puzzle

Some compliance officers think Fair Lending is all about pricing risk, but it's just one piece of the puzzle. Here are the 8Fair Lending risk to know!

Apr 20, 2016 5 min read
Limited English Proficiency & Consumer Compliance: Unpeeling the Onion

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.

Mar 30, 2016 5 min read
Fair Lending 101: Defining Fair Lending Audits, Risk Assessments, Self-Tests & More

Fair Lending 101: Defining Fair Lending Audits, Risk Assessments, Self-Tests & More

Read this short post to learn the differences between Fair Lending risk assessments, self-tests, compliance audits, data analysis and more!

Feb 23, 2016 3 min read
9 Keys for a Successful Fair Lending Compliance Management Program

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!

Feb 18, 2016 3 min read