2014 Compliance FDIC National 
Abrigo
JUNE 2, 2021
Does it address a “culture of compliance”? Culture of compliance. FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership.
Independent Banker
SEPTEMBER 25, 2014
This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.
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Abrigo
SEPTEMBER 22, 2015
Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. A 2014 ICBA survey cited in the article showed that Stewart is not in the minority in her comment. For smaller institutions, compliance can be especially costly.
CFPB Monitor
JANUARY 19, 2015
Two reports recently issued by the Offices of Inspector General at the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) may provide some insight on the impending final standards. ( FDIC Report ; OCC Report ). Diversity and Inclusion CFPB diversity'
Independent Banker
SEPTEMBER 22, 2015
Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. Force-placed insurance.
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