Chris Skinner

AUGUST 3, 2016

I like to point at the fact that the Bank of England is taking a leadership role in FinTech, but it goes wider and deeper than this. Bear in mind, the regulator – the Prudential Regulatory Authority (PRA) – lies under the Bank’s control.

Fintech 150

Fintech Leadership Regulation 150

Abrigo

APRIL 25, 2023

Ask your board or executive leadership to consider the following: What is their tolerance for certain types of risk? Develop and train customer-facing employees to handle ending banking relationships Work with department leadership to coordinate training efforts for exiting relationships.

Strategy 195

Strategy Training Leadership Fraud 195

Abrigo

JUNE 14, 2021

As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Common root causes include: Lack of a formal OFAC SCP Misinterpretation or failure to understand OFAC regulations Facilitating transactions by non-U.S. BSA Rules and Regulation.

Compliance 370

Compliance Training Resources Policies 370

Abrigo

DECEMBER 10, 2021

This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. The operations, activities, leadership, and affiliations of the customer play a factor in specific risks, particularly with foreign activity in and with areas of concern. Watch Webinar.

Training 195

Training Regulation Policies ATM 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

DECEMBER 2, 2021

We also discuss how CBA plans to use the white paper to address industry concerns that may arise from the CFPB’s expected strong reliance on its enforcement authority under its current leadership. Click here to read our blog post about and access the white paper. Click here to listen to the podcast.

Leadership 78

Leadership Tools Industry Regulation 78

Abrigo

NOVEMBER 2, 2021

The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. He stated that "…(regulators) should talk to (banks) about the risks that they run within their institutions and jurisdictions if an AML compliance culture is not fostered.

Compliance 195

Compliance Regulation Resources Policies 195

Chris Skinner

MAY 1, 2017

I’m regularly blogging and talking about the legacy economy known as America. as evidenced by their choice of leadership. This would enable a FinTech to go through ONE regulator to get to market, rather than the 200 or more they would have go through today. Which country took a decade longer to get Chip & PIN than most?

America 211

America Fintech National Regulation 211

CFPB Monitor

MARCH 9, 2021

Providing further confirmation that the CFPB plans to ramp up its enforcement efforts under its new leadership, the CFPB is recruiting one or more attorneys from other federal agencies to work in its Office of Enforcement.

Leadership 78

Leadership Policies Lending Regulation 78

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. This includes compliance from top, to middle, to frontline leadership. BSA Rules and Regulation. BSA Rules and Regulation.

How To 195

How To Training Compliance Policies 195

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time.

Tools 114

Tools Leadership Handbook Security 114

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. BSA Rules and Regulation. BSA Rules and Regulation.

Resources 195

Resources Regulation Compliance Policies 195

Chris Skinner

JUNE 21, 2017

This is part of the reason I challenge bank leadership teams. Bank leadership teams tend to be dominated by male baby boomers. They understand the nature of boom and bust, of risk and audit, of compliance and regulation. appeared first on Chris Skinner's blog. Do they understand the digital age?

Millennials 248

Millennials Leadership Fintech Compliance 248

Abrigo

DECEMBER 8, 2021

Specific topics for your BSA board training may include the following: Give a brief history of BSA/AML The key point to make regarding the history of BSA/AML is to understand is understanding laws and regulations. An excellent place for information is FinCEN History of AML Laws. Provide a copy of the FinCEN Advisory during the training.

Training 195

Training Resources Video Compliance 195

Abrigo

JUNE 23, 2020

They will also provide you with resources (blogs, case studies, webinars, white papers, etc.) It is a central location where you can go to ask industry questions, get product-specific answers, watch thought leadership webinars , and more. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation.

Software 195

Software Community Fraud Resources 195

Accenture

NOVEMBER 6, 2017

Tougher post-crisis regulation has introduced multiple layers of complexity and bureaucracy into their businesses. They have to encourage their people to collaborate better, have greater trust in leadership, make decisions rapidly and, crucially, be more agile and innovative at every level of the enterprise. Change with the business.

Leadership 171

Leadership Innovation Survey Examples 171

Abrigo

JANUARY 27, 2020

Our free thought leadership webinars are another great way to earn CE credits throughout the year.). BSA Rules and Regulation. We submit all of our sessions for CE credits so that you can earn those much-needed hours in a fun, engaging setting. Last year, attendees earned over 10 hours of CAMS, CFCS, and CAFP credits! GET STARTED.

Conference 195

Conference Austin Fraud America 195

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.

Report 78

Report Leadership Analysis Lending 78

CFPB Monitor

JULY 27, 2020

In addition to discussing ongoing or past developments that we have covered in previous blog posts, the report includes the following noteworthy information: In October 2019, the Bureau created a Taskforce on Federal Consumer Financial Law.

Report 78

Report Lending Leadership National 78

Abrigo

DECEMBER 30, 2019

It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA. Their commitment should be visible within the organization, and if it is not, regulators will take notice. This is a must-have risk management concept. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

OCTOBER 11, 2014

Following a day of thought leadership sessions, bankers received after-hours access to the museum for self-guided tours, which concluded with dinner and live entertainment in the Hall of Fame’s Rotunda room. Blog Bank Credit Union' Each session addressed frequently asked questions and provided a forum for users to ask their own.

Risk Management 191

Risk Management Management Nashville Leadership 191

CFPB Monitor

OCTOBER 18, 2018

Under the section of the associated blog post entitled “Future Planning” appears the following statement: “The Bureau is considering future [rulemaking] activity with regard to specific areas of consumer financial law of significant public interest. One possibility would be to remove the “effects test” language from Regulation B (§ 1002.6(a))

Leadership 74

Leadership Lending Regulation Community 74

CFPB Monitor

MAY 17, 2021

The CFPB brought nine enforcement actions in 2020 against lenders allegedly engaged in similar activity in violation of the Mortgage Acts and Practices – Advertising Rule (MAP Rule), and Regulation Z (see our blog posts here , here , here , and here ). First, the Office intends to continue to closely monitor MLA complaints.

Report 78

Report Compliance Leadership Analysis 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

Abrigo

NOVEMBER 18, 2016

As the leadership at community banks and credit unions consider whether expanding CRE lending is for them, there are some basics of CRE that are worth remembering. By understanding the risks, working with regulators and implementing robust credit analysis process, community banks and credit unions can take advantage of opportunities in CRE.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

Cisco

MAY 10, 2022

However, the modern communication archiving, eDiscovery, legal-hold, surveillance, and security requirements and needs for regulated industries have remained the same. For year-round thought leadership, check out our FSI blogs. Amsterdam, Netherlands, February 6-10, 2023.

Las Vegas 129

Las Vegas Industry Leadership Technology 129

CFPB Monitor

OCTOBER 18, 2018

In its blog post announcing the Fall 2018 Rulemaking Agenda , the CFPB announced that it is “considering how rulemaking may be helpful to further clarify the meaning of ‘abusiveness’ under the section 1031 of the Dodd-Frank Act.” Professor Levitin makes another observation, too, that I think is worth highlighting.

Leadership 60

Leadership National Regulation Report 60

Cisco

OCTOBER 4, 2022

This blog is intended to provide a summary to cover a few aspects of this booklet, while providing reference for additional information. Its audience is technology executives and leaders who do not need to be regulatory experts, but who are affected by the regulations, and should have a better awareness. In Summary. File exchange.

Operations 118

Operations Software Risk Management Management 118

Accenture

JULY 20, 2017

Our change leaders have a well-defined and well-communicated digital strategy, a clear and compelling vision of the changes that are needed, and greater leadership commitment to making those changes happen. The post Discover how your bank can become a change master appeared first on Accenture Banking Blog.

Survey 154

Survey Strategy Digital Strategies Leadership 154

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

FICO

MAY 24, 2021

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. To drive the responsible use of AI in their organizations, senior leadership and boards must understand and enforce auditable, immutable AI model governance.

Study 98

Study Leadership Regulation Analytics 98

CFPB Monitor

SEPTEMBER 14, 2018

While it’s noteworthy as the Bureau’s first new case under current leadership, the action continues the CFPB’s focus on companies that offer settlement and pension advances, which began under Director Cordray and has continued under acting Director Mulvaney.

Leadership 68

Leadership California Lending Regulation 68

CFPB Monitor

MARCH 17, 2022

Consistent with expectations that the CFPB under Director Chopra’s leadership would take an expansive view of its statutory authorities, the CFPB has announced its intention to use its authority to prohibit unfair, deceptive, or abusive acts or practices (UDAAPs) to target discriminatory conduct, even where fair lending laws may not apply.

Policies 78

Policies Analysis Marketing Leadership 78

Abrigo

JULY 17, 2017

The typical services of audit, tax and bookkeeping require primarily technical expertise – mastery of audit and accounting standards, an understanding of tax law and regulations, and the ability to apply them. “The advisory skillset is a different skillset than it is for the traditional services,” he says.

Honolulu 150

Honolulu Taxes eBook Leadership 150

CFPB Monitor

MARCH 14, 2019

We discussed the Bureau’s auto loan servicing findings in a separate blog post. In this blog post, we focus on the Bureau’s additional findings. It represents the CFPB’s second Supervisory Highlights covering supervisory activities conducted under Mr. Mulvaney’s leadership.

Taxes 68

Taxes Leadership Policies Exercises 68

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. The purpose of this blog is to discuss a few ways in which tooling and automation capabilities can be used to satisfy the asset management requirements of the FFIEC Operations Guide.

Meeting 100

Meeting Regulation Management Technology 100

Perficient

JANUARY 16, 2024

This blog, the first in a series by Perficient’s Risk and Regulatory Center of Excellence (CoE), provides actionable measures your company can adopt to safeguard against senior-level embezzlement risks and maintain the integrity of your institution’s financial transactions.

Compliance 221

Compliance Guidelines Policies Risk Management 221