Regulatory Brief for April 2021: State CRA laws, crypto banks, cannabis banking, and more
Beginning this month, our team of compliance experts will share the latest regulatory news and trends for the month prior. Tune in for April 2021 updates!
6 Features to Look for in a Findings Management Solution
A good findings management solution can guide you through the findings process to ensure nothing is forgotten and overlooked—reducing the risk that an...
Missed Opportunities: How Compliance & Marketing Can Work Together to Increase Loan Volume & Reduce Lending Compliance Risk
When the compliance and marketing teams openly communicate, the result is more focused campaigns to increase loan volume and reduce potential problems.
5 Risk Management Failures of the Galactic Empire
What can Star Wars teach financial institutions about compliance and risk management?
6 Features to Look for in a Contract Management Software
Here are 6 features a contract management software should have to improve how financial companies manage third-party vendor contracts.
Reputation Risk & the Consequences of Lending Discrimination: A True Story
Allegations of lending discrimination can get you in trouble with regulatory agencies, along with reputation risk and other consequences.
Want to Avoid Litigation? Make Sure Your Financial Institution Isn’t Making These Three Common Mistakes
Read on for three common compliance management mistakes that can result in litigation.
Lending Compliance Software: Will You Get a Return on Your Investment?
Before you write off lending compliance software, take a few minutes to assess its value and the potential return on investment (ROI).
Ask a Risk Manager: How Can Risk Management & Compliance Work Together?
How can risk management and compliance work together as partners at a financial institution?
4 Features FIs Should Look for in a Cybersecurity Assessment Solution
How strong are your financial institution’s cyber defenses? It’s a question that’s top of mind for everyone—and it doesn’t have a simple answer.
The CFPB’s Focus on Avoiding Foreclosures: What You Need to Know
After one year into the pandemic, the CFPB says that financial institutions have had time to adapt, and protecting consumers is the CFPB’s top priority.
How to Lighten Your Vendor Management Workload
Here are the most effective ways to lighten your vendor management workload while still ensuring your vendors are properly managed.
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.