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One Leadership Battle Ends At The CFPB, A New One Begins

PYMNTS

The leadership situation at the Consumer Finance Protection Bureau (CFPB) has been something of a complicated story since original Director Richard Cordray stepped down last fall. So ends that leadership battle for the CFPB. But is a new one beginning? The nation’s leading consumer financial regulator is not an entry-level job.”

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Dan Robb: Capital proposal is concerning to community bankers

ABA Community Banking

Community banks need to get engaged on the regulators’ capital framework overhaul, outgoing ABA Chair Dan Robb told ABA’s Annual Convention in Nashville this morning. The post Dan Robb: Capital proposal is concerning to community bankers appeared first on ABA Banking Journal.

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How High Ambitions Led CAN Capital To Falter

PYMNTS

The issues, sources said at the time, could be attributed to problems in how CAN Capital reported delinquencies among its SME borrowers, leading the platform to breach agreements with major lenders, like Wells Fargo. It all stems back to 2010 or so, when CAN Capital launched ambitious growth plans to enter into new markets.

Capital 100
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Trulioo Taps GM Zac Cohen As New COO 

PYMNTS

As COO, Cohen will oversee Trulioo’s senior leadership team and spearhead the company’s continued global expansion. He will also oversee policy, budget and investor relations while continuing to advance innovative solutions for instant identity verification. Trulioo has raised $96.6

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Key Components of a Strong Sanctions Compliance Program

Abrigo

As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Testing and auditing A comprehensive, independent, and objective testing or audit function within an SCP ensures that an organization identifies program weaknesses and deficiencies.

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Model Risk Management: Regulatory Priorities and Best Practices

Abrigo

CAMELS” is an acronym for six different components: Capital Adequacy: The amount of capital that must be held in the financial institution relative to the institution’s asset amount and type of asset risk. Evaluating Leadership. Examiners assign ratings on a 1 to 5 scale, with 1 indicating low risk and 5 indicating high risk.

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Senate Affirms Trump’s Jovita Carranza As SBA Chief

PYMNTS

Business organizations said in a letter to senators that “having Senate-confirmed leadership of the SBA will help to ensure that the department’s programs, that provide small businesses with access to capital and disaster assistance, are working effectively.” Groups that signed the letter include the U.S.