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Regulatory Brief for April 2021

Every month, Ncontracts compliance experts provide an overview and analysis of the latest regulatory updates to help you keep up with the rapidly evolving nature of the industry. In this episode, Stephanie Lyon, VP of Compliance, is joined by Katie Ferrell, senior compliance expert, and Shelby Montgomery, regulatory compliance attorney, to discuss regulatory changes that occurred in the month of April 2021 and what they mean for your financial institution.

Hey there, guess what? I just had the most incredible chat on "The Ncast" monthly regulatory brief, and I couldn't wait to spill the beans to you! So, imagine this: it's Aileen McDonough, your host and Director of Content Marketing at Ncontracts, and I've got Katie Ferrell and Shelby Montgomery on board – the dynamic duo that's about to blow your mind!

Alright, let's dive into this – Aileen here, and I've got the compliance dream team lined up for you in this podcast. We're talking financial regulations, trends, and everything you need to stay on top of the game. Seriously, strap in for a wild ride.

Stephanie Lyon, VP of Compliance, and her squad, Katie and Shelby, are taking center stage, and trust me, you won't believe the hot topics they're breaking down from April. It's like they're giving you backstage access to the most intriguing finance scoop.

Hold up, did you hear about the CFPB's moves in April? Katie spills the tea on foreclosure moratoriums and the CFPB's strategy to keep homeowners cozy. They're handing out compliance bulletins like candy. If you're in the mortgage game, you can't miss this.

And wait for it, Shelby takes us through Fannie and Freddie's big overhaul. Legacy formats? Tossed out the window! Get ready to have your mind blown about the changes coming in the financial industry.

But that's just the beginning, friend. Katie dives deep into diversity, equity, and inclusion – the trifecta causing a stir everywhere. Congress is getting involved, and these ladies are giving you the lowdown on what financial institutions need to do to stay in the game.

Hold onto your seats because Shelby's here to break down New York's labyrinth transition law. We're talking LIBOR, fallback rates, and a game-changing landscape shift. It's like a financial thriller you can't put down.

Don't blink, because the Telephone Consumer Protection Act's in the spotlight. Katie's got the inside scoop on the Supreme Court's take and what it means for financial institutions. Trust me, it's a game-changer.

Ready for more? FinCEN's looking for your comments, and Shelby's got the deets. Beneficial ownership registry? Yeah, you've got a chance to shape the future of regulations. Speak up and make your voice heard.

Climate risk assessments are the new rock stars, and Katie's here to break it down. It's like information security's hip cousin making waves in the finance world. Get the scoop and stay ahead of the curve.

Hold up – the states are joining the party too! Shelby spills the beans on New York's labyrinth transition law and LIBOR's farewell tour. Other states might just jump on board. This is next-level financial stuff.

But wait, there's more – the CFPB's annual reports are on fire. Katie's giving you a sneak peek into what's trending, what's not, and where your compliance game needs a boost. It's like having an insider's guide to acing the compliance game.

Ready for a curveball? Congress is all about CRA, and Katie's breaking it down. Brace yourself for the impact – it's going to be a game-changer for credit unions.

Hold onto your hats, because cryptocurrencies are rocking the boat. Paxos just scored a conditionally approved bank charter, and it's all about crypto evolution. Get the lowdown on what's shaking the financial world.

FDIC's got advertising in its crosshairs, and Shelby's got the scoop on false and misleading representations. If you're flashing that FDIC logo, better listen up – this is crucial stuff.

Credit unions, listen up – NCAA's modernizing NMLS requirements, and it's about to be a smoother licensing ride. It's time to embrace the change and stay ahead of the curve.

Get ready for the grand finale – the Credit Union Governance Modernization Act is here to kick out the troublemakers. Say goodbye to disruptive members and create a safer environment for employees. It's like a breath of fresh air for credit unions.

But guess what? The state regulators are making waves too. California's public banking bill is causing quite the buzz. Ready to dive into all this awesomeness? Trust me, you won't want to miss a single episode of "The Ncast." These ladies are spilling the beans on everything you need to know in the financial world. It's like getting a front-row seat to the compliance revolution!

In this episode, you will learn

  1. Introducing Katie Ferrell, Regulatory Compliance & Governance, and Shelby Montgomery, Regulatory Compliance Counsel.
    Introducing Katie Ferrell, Regulatory Compliance & Governance, and Shelby Montgomery, Regulatory Compliance Counsel.
  2. New York has passed the Labyrinth transition law.
    New York has passed the Labyrinth transition law.
  3. New York’s guidance on climate change and fair lending.
    New York’s guidance on climate change and fair lending.
  4. Cybersecurity Legislation.
    Cybersecurity Legislation.
  5. Regulations that affect banks.
    Regulations that affect banks.
Stephanie Lyon
VP of Compliance, Ncontracts
Shelby Montgomery
Regulatory Compliance Counsel, Ncontracts
Katie Ferrell Headshot
Katie Ferrell
Regulatory Compliance & Governance, Ncontracts

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