Abrigo

FEBRUARY 10, 2023

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive.

Fraud 195

Fraud Training Regulation Compliance 195

Perficient

SEPTEMBER 16, 2022

The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. Additionally, the Federal Reserve’s Supervisory Letter also encourages financial institution executives to notify their state regulators prior to engaging in any crypto-asset-related activities. The Home Owners’ Loan Act.

Compliance 275

Compliance Risk Management System Regulation 275

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Rapid Growth.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Cisco

JANUARY 24, 2023

The prior blogs in this series, listed at the bottom, have discussed the various regulations affecting CIOs and their IT organizations. Financial institutions are regulated to be able to manage, secure, and audit their IT assets. The regulatory bodies and senior leadership care about ALL of it. Or the load balancers.

Meeting 96

Meeting Regulation Management Technology 96

Abrigo

MAY 20, 2022

Evaluating Leadership. What regulators look for in top-down guidance. BSA Rules and Regulation. BSA Rules and Regulation. Top 10 Regulatory Topics NBFIs Should Prepare for in 2022. BSA Rules and Regulation. Top 10 Regulatory Hot Topics for 2022 – What AML Professionals Need to Know. Watch Webinar.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

MAY 26, 2022

Under Director Chopra’s leadership, the CFPB has regularly been sounding alarms about the potential for discrimination arising from the use of so-called “black box” credit models that use algorithms or other artificial intelligence (AI) tools.

Compliance 143

Compliance Regulation Leadership Technology 143

CFPB Monitor

JANUARY 20, 2022

Other topics include the potential impact of the recent leadership turmoil at the FDIC and expectations for activity by state regulators and attorneys general. We also discuss the potential implications of the current CFPB’s interest in buy-now-pay-later and its inquiry into large technology companies that offer payment services.

FDIC 78

FDIC Industry Leadership Report 78

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). Nonetheless, the request for comment sets a deadline of only 30 days – August 8, 2022 – for responses.

United States 78

United States Leadership Policies Regulation 78

CFPB Monitor

NOVEMBER 21, 2022

The CFPB has released the Fall 2022 edition of its Supervisory Highlights. Accordingly, this represents the first edition of Supervisory Highlights in which all of the examinations discussed in the report took place under the leadership of Director Chopra. Key findings by CFPB examiners are described below. Auto servicing.

Report 78

Report Cards Lending Management 78

Abrigo

DECEMBER 10, 2021

New updates to the FFIEC BSA Exam Manual The December 2022 release is the latest since revisions began in 2020 as the council attempts to clarify and achieve transparency. This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. Watch Webinar.

Training 195

Training Regulation Policies ATM 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. If only it were so easy.

Compliance 109

Compliance FDIC Strategy Fintech 109

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

CFPB Monitor

AUGUST 5, 2021

To further its ongoing diversity, equity, and inclusion (DEI) efforts, the New York State Department of Financial Services (DFS) announced an initiative to collect and publish diversity data on the demographic makeup of NY-regulated financial institution’s boards and senior management teams.

Data 78

Data New York Leadership Industry 78

CFPB Monitor

MAY 4, 2022

The CFPB has released the Spring 2022 edition of its Supervisory Highlights. Accordingly, many of the examinations discussed in the report would have taken place under the leadership of former Acting Director Uejio. Key findings by CFPB examiners are described below. Auto servicing. Credit card account management.

Cards 78

Cards Report Management Policies 78

CFPB Monitor

JUNE 28, 2021

As previously reported , the CFPB delayed the mandatory compliance date of the new general qualified mortgage (QM) rule under Regulation Z, which became effective on March 1, 2021, until October 1, 2022. The issue now is whether the FHFA under new leadership will reach a different agreement with the U.S.

Compliance 78

Compliance Leadership Regulation Report 78

Independent Banker

MARCH 31, 2022

From credit union overreach to onerous overregulation, the 2022/23 ICBA board of directors has plenty on its to-do list. When the 2022/23 ICBA board of directors was introduced at ICBA LIVE in San Antonio, Texas, there was a palpable sense of excitement in the air. Photos by Chris Williams. By Molly Bennett.

Community Bank 239

Community Bank Community Industry Texas 239

CFPB Monitor

APRIL 13, 2022

Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio. The House Financial Services Committee has scheduled its hearing for April 27, 2022 but no date has yet been announced for the Senate Banking Committee’s hearing.

Report 78

Report Leadership Analysis Lending 78

CFPB Monitor

MARCH 29, 2022

Delivering the University of Pennsylvania Law School’s 2022 Distinguished Lecture on Regulation yesterday, CFPB Director Chopra addressed the following question: “How do we stop large dominant firms from violating the law over and over again with seeming impunity?” This may very well turn out to be the lull before the storm.

Leadership 78

Leadership Pennsylvania Regulation Compliance 78

Abrigo

MARCH 4, 2022

Cybersecurity advice for financial institution leaders CISA’s “Shields Up” program also offers advice for corporate leadership, and much of that advice applies to financial institution governance. BSA Rules and Regulation. BSA Rules and Regulation. keep me informed. Watch Webinar. Human Trafficking. Learn More. Learn More.

Exercises 195

Exercises Leadership Fraud Resources 195

CFPB Monitor

SEPTEMBER 30, 2022

With regard to the OCC, Populus distinguishes the OCC’s reliance on fees from the entities it regulates which it asserts creates political accountability for the OCC. With regard to the Federal Reserve and FDIC, Populus distinguishes their multimember, bi-partisan leadership structure. Populus Financial Group, Inc.,

Groups 78

Groups FDIC Texas Leadership 78

Abrigo

FEBRUARY 8, 2024

consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent.

Fraud 195

Fraud Resources social media Software 195

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52

CFPB Monitor

FEBRUARY 10, 2021

The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators. Beginning in 2022, the agencies will hold at least one training per year on a topic of mutual interest. Each agency will notify the other of any action or suit at least two days in advance.

Training 78

Training Compliance Meeting Leadership 78

FICO

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Analytics 52

Analytics San Diego Regulation Compliance 52

FICO

NOVEMBER 7, 2022

US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? Mon, 11/07/2022 - 09:50. You never know when you’ll get a text from your leadership about testifying in front of the Senate! FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud US Payments South Carolina 52

CFPB Monitor

APRIL 26, 2022

On May 11, 2022, Ballard Spahr will hold a webinar, “CFPB Director Rohit Chopra: Do His Words Speak Louder Than His Actions?” The webinar will address the CFPB’s announcement regarding supervision of nonbanks as well as other actions taken under the leadership of Director Chopra. For more information and to register, click here.

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146

FICO

SEPTEMBER 9, 2021

In the United States, a customer must opt-in to this service for debit and ATM card transactions (required by the 2010 update to Regulation E) and a flat fee is applied per the terms and conditions of the program offered by the bank. New leadership at the CFPB has indicated that OD is on the agenda for a possible rulemaking.

ATM 52

ATM Regulation Policies Cards 52

Independent Banker

JUNE 30, 2022

We had plenty of women in leadership roles; we had a couple of women on our board. and Inclusion: The Millennial Influence,” Deloitte University Leadership Center for Inclusion, 2015. She realized her workplace needed to take a closer look at diversity, equity and inclusion, and she wanted to play a role in making that happen. “We

Community Bank 91

Community Bank Community Leadership Millennials 91

CFPB Monitor

NOVEMBER 22, 2021

These represent the first remarks by these regulators following the DOJ’s announcement of its major new “ Combatting Redlining Initiative ” on October 22, 2021, and it was the topic of each of their presentations. She noted that the agency will work with the CFPB, HUD, prudential regulators, and U.S.

Conference 78

Conference Lending Industry Regulation 78

Gonzobanker

DECEMBER 17, 2021

Then right back to the impossible in 2022. After leading a great and vibrant organization at Andrews Federal Credit Union, Jim and his family have taken on a new adventure, and the Gonzo team is confident Jim’s ambition and transparent leadership style will be welcome in Raleigh, N.C. Lifetime Leadership Achievement Awards.

Fintech 143

Fintech Strategy Leadership Lending 143

Gonzobanker

DECEMBER 14, 2023

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

CB Insights

JULY 23, 2020

Wellness checks are not fail-proof, especially considering the FDA’s loosening of regulations around thermal camera systems. For example, startup Mursion teaches sales, customer service, and leadership skills through interactions with avatars in virtual reality to simulate and analyze practice conversations. Company name.

Meeting 101

Meeting Tools Survey Company 101