Abrigo

NOVEMBER 2, 2021

Culture of compliance is crucial to BSA/AML programs Culture of compliance within the BSA/AML framework is not new and was first introduced by FinCEN in 2014. Takeaway 2 Poor culture of compliance will result in shortcomings in a financial institution's BSA/AML program. A strong culture of compliance is crucial.

Compliance 195

Compliance Regulation Resources Policies 195

Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. . * * Note that the AML Act of 2020 requires the issuance of changes to the Customer Due Diligence and Beneficial Ownership Rule.

Compliance 221

Compliance FDIC Regulation Fraud 221

Abrigo

JULY 16, 2021

Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA). Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. financial system. Gain confidence in your BSA program. Learn more.

Community 195

Community Regulation Training Policies 195

ABA Community Banking

MARCH 31, 2021

The FDIC said today that 99% of the banks it supervises were rated satisfactory or better for consumer compliance and Community Reinvestment Act compliance, as of the end of 2020. The post 99% of FDIC Supervised Banks Rated Satisfactory or Better for Consumer Compliance appeared first on ABA Banking Journal.

FDIC 111

FDIC Compliance Community Community Bank 111

Perficient

JULY 7, 2021

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations. A compliance rating of either “Outstanding,” “Satisfactory,” “Needs to Improve,” and “Substantial Noncompliance” is awarded at the end of the on-site review.

National 309

National Texas Tennessee CA 309

CFPB Monitor

NOVEMBER 29, 2023

Throughout the past few years, the CFPB has sought input from a range of stakeholders, including community-based organizations and financial institutions, for feedback about how it can improve consumer financial products and services for consumers with limited English proficiency (LEP). Continue Reading

Guidelines 145

Guidelines Compliance Community 145

Perficient

SEPTEMBER 26, 2020

This was definitely a large ask from the community, so its good to see Microsoft is actually listening to our feedback! With customizable naming, branding, and multi-level navigation to teams, communities, and other resources, what’s not to love!? Security and Compliance. You can expect to see breakout rooms in October!

Meeting 322

Meeting Conference System Community 322

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

CFPB Monitor

APRIL 28, 2021

The CFPB recently issued a final rule delaying the mandatory compliance date for the new general qualified mortgage (QM) rule based on an annual percentage rate (APR) limit from July 1, 2021 to October 1, 2022. Among those three QM rules, for applications received on or after July 1, 2020, only the new general QM rule would be available.

Compliance 148

Compliance Policies Community Marketing 148

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

PYMNTS

MAY 8, 2020

“In preparing to play … we will continue to make our decisions based on the latest medical and public health advice, in compliance with government regulations, and with appropriate safety protocols to protect the health of our fans, players, club and league personnel, and our communities,” NFL Commissioner Roger Goodell said in a statement.

Kansas City 130

Kansas City Houston Kansas Guidelines 130

CFPB Monitor

DECEMBER 17, 2021

On December 4, 2022, the OCC issued a final rule that rescinds its June 2020 Consumer Reinvestment Act (CRA) final rule and replaces it with a rule that is largely based on the OCC’s 1995 CRA rule that was adopted jointly with the Federal Reserve Board and FDIC. The final rule is effective January 1, 2022.

FDIC 78

FDIC Compliance System Community 78

Gonzobanker

JANUARY 17, 2020

Well GonzoBankers, the gang is back to work and we are all headed face-first into 2020 – a year with more uncertainty than most about how things will turn out. So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1.

Customer Experience 126

Customer Experience Fintech Regional Cards 126

Independent Banker

AUGUST 31, 2021

[There is a] need for strong voices to weigh in on how new regulation will affect our communities and the customers we serve. This month’s issue of Independent Banker focuses on regulation and compliance, which continue to be costly and important topics for our industry. A 2020 U.S. icba.org/events.

Community 145

Community Community Bank Compliance Regulation 145

CFPB Monitor

MARCH 4, 2021

The CFPB has proposed to delay the mandatory compliance date for the new general qualified mortgage (QM) rule that amends the Regulation Z ability to repay/QM rule from July 1, 2021 to October 1, 2022. Is considering whether to initiate a rulemaking to revisit the seasoned loan QM rule.

Compliance 78

Compliance Policies Community Regulation 78

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks. By Beth Mattson-Teig.

Lending 150

Lending Community Community Bank Compliance 150

Abrigo

JANUARY 13, 2021

Takeaway 3 The OIG has made recommendations for more effective oversight controls related to 2020 PPP fraud. These funds are intended for new and smaller borrowers and for borrowers in low- and moderate-income communities. billion in fraudulent PPP loans in 2020, approximately 1% of total loans funded to date. Lessons Learned.

Fraud 195

Fraud Community Lending Analysis 195

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Perficient

JANUARY 9, 2021

I’m sure I can speak for pretty much everyone when I say that 2020 won’t be missed! In today’s blog, we’ll cover some of the biggest updates around meetings, calling, management, and even security and compliance released in late December/early January! Yammer communities and conversations in Teams.

Video 532

Video Meeting Community Compliance 532

PYMNTS

AUGUST 17, 2018

The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. ” Gappify will place itself front-and-center to some of those uncertainties, as it launches a new initiative to enable its current bot, Alan, to pass the CPA exam by 2020. . ”

Compliance 110

Compliance Regulation Tools Industry 110

FICO

JANUARY 13, 2020

banking industry in the 2020. . The CFPB will issue its final debt collection rule in the fall of 2020. I predict we will see the final rule during the early portion of the 2020 NFL season. The FCC will issue updated interpretations of the Telephone Consumer Protection Act in 2020. I say Congress gets a deal done in 2020.

Policies 52

Policies Las Vegas FDIC Washington 52

Independent Banker

JANUARY 31, 2020

“Community banks work hard to ensure that every day is just a little bit better than the last.”. As community bankers, we strive for excellence. In short, community banks work hard to ensure that every day is just a little bit better than the last. and visiting our chairman’s community bank, Bank of Zachary, in Zachary, La.

Community Bank 130

Community Bank Montana Community Tampa 130

CFPB Monitor

NOVEMBER 16, 2021

6247-A) to the New York Community Reinvestment Act (NYCRA) that expand the NYCRA’s coverage to non-depository mortgage lenders. Expansion of CRA coverage. On November 1, New York Governor Hochul signed into law amendments (S.5246-A/A.6247-A) The amendments are effective November 1, 2022.

New York 78

New York Community Regulation Data 78

Independent Banker

DECEMBER 31, 2022

From 2019 to 2020 alone, the amount of money involved in elder financial abuse rose by nearly a billion dollars—the largest year-over-year increase since 2013. reports of suspected elder financial exploitation were filed in 2020. Community banks can help prevent, identify and report financial elder abuse. Quick Stats.

Training 91

Training Community Resources Course 91

Perficient

FEBRUARY 4, 2021

Many communities of people with disabilities are very close-knit and if your site is recognized as accessible, this ends up being a competitive advantage. By having an inaccessible site, you are turning away 26% of your overall potential market and expose the organization to compliance violations. Heading Structure. Color Contrast.

UX 531

UX Guidelines Compliance Study 531

CFPB Monitor

OCTOBER 25, 2022

Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to its auto policies to cap dealer markups on installment contracts purchased by the bank. The dealer markup was capped at 2% after December 15, 2020.

New York 78

New York Lending Community Bank Community 78

Abrigo

SEPTEMBER 14, 2022

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving.

Lending 195

Lending Data Regulation Community 195

PYMNTS

JANUARY 11, 2021

Facebook is launching a revamped Facebook Pages experience that makes it easier for public figures and makers to “build community and achieve their business objectives,” according to a post written by Head of Public Connections and Monetization Asad Awan. Facebook Update To ‘Pages’ Removes ‘Likes’.

Taxes 132

Taxes US Compliance social media 132

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. The big takeaway from Money 2020 is that banks need to do a better job at policing themselves and that BaaS is not as scalable as once thought.

Conference 221

Conference Las Vegas Fraud Case Study 221

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

Community 131

Community FDIC Lending Survey 131

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. I mean, that’s what a community bank does.”. By Tom Groenfeldt.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

CFPB Monitor

MAY 7, 2020

No-Action Letter Policy) to address potential compliance issues. The Bureau focused on assessing whether (1) there is discrimination in the application, underwriting, and pricing processes, (2) creditors are redlining, and (3) there are weaknesses in fair lending related compliance management systems. On May 20, 2020, from 12 p.m.

Lending 78

Lending Report FDIC Policies 78

PYMNTS

DECEMBER 30, 2020

30) that Marg ERP plans to add 100 additional channel partners to its platform in 2020 in a bid to strengthen its position with small businesses in India and 26 other countries. Reports in the Financial Express said on Monday (Dec. The company already has more than 1,200 channel partners in India. "We

Strategy 175

Strategy Big Data Fintech Management 175

CFPB Monitor

FEBRUARY 3, 2021

Department of Housing and Urban Development (“HUD”) to “as soon as practicable, take all steps necessary to examine the effects of” the final rule issued by HUD in September 2020 (“2020 Rule”) revising its 2013 Fair Housing Act (“FHA”) disparate impact standards (“2013 Rule”).

Massachusetts 78

Massachusetts Leadership Analysis Community 78

Abrigo

APRIL 8, 2020

BSA compliance remains crucial to protecting financial system. Alternatively, if available, entities may rely on the [customer identification program] of a federally insured depository institution or federally insured credit union with an established CIP as part of its AML program. Provide lending staff with a BSA refresher course.

Compliance 195

Compliance Lending Fraud Community 195

CFPB Monitor

JANUARY 19, 2022

federal district court has granted the motions filed by the CFPB and the Consumer Financial Services Association (CFSA) to dismiss the lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). (The The CFSA had intervened in the lawsuit.)

Resources 78

Resources Compliance Lending Industry 78