8 Features to Look for in a Business Continuity Solution
You can use these highlights to understand the landscape, proactively review your institution, and make changes to avoid criticism in your own program.
Supervisory Highlights: What We Can Learn from Others to Avoid Getting in Trouble
Here're the top highlights to know more about the landscape, make changes to be uncriticised, and view your business. Read the article to know more.
The Cost of Non-Compliance: Lending Compliance Edition
From tens of thousands to millions of dollars, the cost of non-compliance can be painfully high.
6 Features Your FI Needs in a Risk Management Solution
Here are 6 features to identify, assess, mitigate, and monitor risk, through an effective enterprise risk management (ERM) solution.
What is a Fair Lending Compliance Management System (CMS)?
Now is the time for institutions to strengthen fair lending compliance management systems (CMS), including fair lending programs that ensure compliance.
The Cost of Compliance in 2021
Compliance isn’t cheap—but how much does it really cost the financial services industry and financial institutions like yours in 2021?
6 Features to Look for in an Audit Management Solution
Many financial institutions are turning to an automated audit management solution to digitize the audit process to improve efficiency and reduce risk.
How Should the 3 Lines of Defense Work in a Vendor Management Program?
The Three Lines of Defense helps banks, credit unions, mortgage companies and fintechs build and effectively manage the vendor management lifecycle
COVID-19 One Year Later: We Are All Risk Managers Now
This month marks one year since the WHO declared COVID-19 a pandemic and a new normal began. It’s also the year we all became risk managers.
What’s An “Abusive” Practice? CFPB Reverts to 2019 Definition
The CFPB has announced its intention to return to broad enforcement of the “abusive acts and practices” element of UDAAP, reverting to the 2019 definition.
7 Ways to Make Your Next Meeting More Strategic
A few more minutes of prep can help you host meetings that focus on accomplishing your goals. Read on for 7 ways to make your next meeting more strategic.
Are You Putting Too Much Faith in Spreadsheets?
If you’re using spreadsheets for complicated, non-financial tasks, take a moment to ask yourself if using this “free” tool is really saving you money
Lending in NY State? Make Sure Your Fair Lending CMS Is Strong
The New York Department of Financial Services (NYDFS) has increased its scrutiny of fair lending and redlining this year, making it more...
Should Your Internal Auditor Be a Subject Matter Expert?
An internal auditor does not need to be a subject matter expert. They should be smart, independent, and a strategic thinker.
The HMDA Submittal Deadline is Almost Here: 4 Questions You Should Not Be Asking
Let us revisit some of the impactful fair lending enforcement actions, fines, and lawsuits of 2020. These blogs break down what went wrong and...
Why Vendor BCP Matters: Texas Storm Knocks Massachusetts CU Offline
According to one Massachusetts credit union, a historic storm in Texas meant a multi-day outage showing that vendor BCP matters.
3 Lessons Learned from a Third-Party Vendor Breach
Late last year while the SolarWinds breach was drawing attention another third-party vendor breach was also wreaking havoc - here are the 3 lessons learned
How Robust Is Your Lending Compliance Program?
The best way to accomplish a robust lending compliance program will ensure you can quickly and thoroughly adapt and respond to any lending compliance risk.
Reduce Risk in These 4 Key Areas by Using Board and Employee Portal Solutions
Here are four key areas where financial institutions can reduce risk by using board and employee portal solutions.
3 Ways to Mitigate Redlining Risk
Enforcement actions, reviewing lending data, and taking proactive actions are 3 ways to mitigate redlining risk.
Think Your BCP Hasn’t Changed Over the Past Year? Think Again.
No matter how good your business continuity plan (BCP) is or how much heavy lifting you did to put it into place, it has changed over the past year.
3 Compliance Lessons from Capital One’s $390M BSA/AML Fine
Capital One Bank's $390 million civil money BSA/AML fine from FinCEN brings us 3 compliance lessons.
Mortgage Company Sued by CFPB After Ignoring Compliance, Audit Warnings & a Whistleblower Complaint
The CFPB is suing a mortgage company in CT for engaging in unlawful mortgage practices that allegedly violated the TILA, FCRA, ECOA, MAP Rule, and CFPA.
Using an Employee Intranet to Provide Virtual Training and Education in a COVID-19 World
An employee intranet is an effective and safe solution for providing training and education in a COVID-19 world.
Managing Complaints: The Role of the Three Lines of Defense
An effective complaint management program should leverage all three lines of defense to effectively manage this important customer contact.
Brentwood-based Ncontracts buys QuestSoft Corporation
Brentwood-based software firm Ncontracts has purchased a California tech company.
Common Credit Union Fair Lending Mistakes & How the NCUA Decides Which Institutes to Examine
What are the most common fair lending mistakes at credit unions? How does the NCUA decide which credit unions will be examined?
3 Ways Automation Can Streamline Audit Management Programs
While there’s not much an auditor at a financial institution can do to decrease the number of audits, it is possible to free up time if you...
RegTech vs. SupTech: What You Need to Know
RegTech vs. SupTech: What You Need to Know
Ncontracts Acquires QuestSoft
Ncontracts acquires QuestSoft, a leading provider of compliance software and services for the banking, credit union, and mortgage lending industries.