CFPB Monitor

MARCH 9, 2020

On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.

Risk Management 78

Risk Management Data Management Compliance 78

Abrigo

AUGUST 8, 2021

2020 Interagency Guidance. The 2020 Interagency Guidance on Credit Risk Review Systems includes updated recommended practices related to independent loan review and credit risk review systems. It also monitors compliance with applicable regulations and laws. Lending & Credit Risk. Learn More.

System 195

System Lending Policies Regulation 195

Abrigo

SEPTEMBER 10, 2021

The role of BSA staff was typical compliance and very task-oriented. Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. The importantance of the BSA tole came to be paramount to the entrie risk management program and included as part of the federal safety and soundness examinations.

Training 195

Training Risk Management Pennsylvania Resources 195

Cisco

APRIL 5, 2021

Philip and Al dove into the accelerated digital transformation occurring in our industry as a result of 2020’s disruptive nature. Installment three, “ Security, Compliance, and Risk Management in FSI ”, focused on the increased operational risks that financial institutions are facing now that hybrid work is the new normal.

Risk Management 86

Risk Management Industry Video Apple 86

Abrigo

FEBRUARY 25, 2022

Anti-Money Laundering Act (AMLA) of 2020 ?is Culture of compliance As the AMLA provides more and more clarification, it will be extremely important to have the support of your institution’s compliance program in 2022. Now that the? Fact Sheet ?clarifying This month, the U.S.

Regulation 195

Regulation Policies Compliance Washington 195

CFPB Monitor

AUGUST 7, 2020

The Coronavirus Aid, Relief, and Economic Security Act of 2020 (“CARES Act”) provided several forms of financial relief to businesses and individual borrowers, and some states and localities have provided similar credit accommodations. The guidance also recommends several effective approaches to consumer protection risk management.

Risk Management 78

Risk Management Management Guidelines Report 78

Cisco

FEBRUARY 1, 2021

Especially after a year as transformative as 2020, so often, by the time an article is released, the industry has already pivoted its gaze elsewhere. Podcast #3: Security, compliance, & risk management. Recognizing that, Cisco launched its own industry podcast show, Coffee and Conversations.

Risk Management 71

Risk Management Industry Compliance Management 71

FICO

JUNE 30, 2016

All three requirements highlight the need for financial institutions to ensure the quality of their risk data. Aggregation and effective use of this data are becoming key to meeting new compliance challenges, not to mention an opportunity to derive additional business value. So what specifically are all these acronyms?

Compliance 45

Compliance Management Data Risk Management 45

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 February 2020, a settlement was reached, and by September 2021 the CFPB had issued the NPRM.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

NOVEMBER 29, 2021

The 2022 clarity promised by the “roadmap” presumably will supersede, once issued, Interpretive Letter #1179, which appears to function as a general stop-gap until the 2022 publications hopefully provide more detail regarding exactly how banks can attain compliance. Federal banking regulators have been busy in this space.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 195

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

CFPB Monitor

NOVEMBER 22, 2022

This includes IDIs acting as lenders in bank/fintech partnerships. Continue to coordinate with the CFPB and other relevant federal agencies regarding principles and practices for identifying and mitigating violations of fair lending laws by IDIs and non-bank lenders that use alternative data in underwriting.

Fintech 78

Fintech Report Data Lending 78

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. Other things like Compound are essentially a securities lending marketplace?—?you Having interest rates native to the crypto economy is very helpful, but we are still shy of lending based on actual underwriting and off-chain risk.

blockchain 52

blockchain Bitcoin Software Lending 52

FICO

SEPTEMBER 18, 2020

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

Abrigo

SEPTEMBER 22, 2021

PCD Disclosures Some disclosures are the same, but disclosures tied to PCD accounting and AFS debt securities are changing under CECL. Another change is that institutions recognize credit impairment of debt securities classified as assets held for sale (AFS) through an allowance for credit losses under CECL. Learn more. Learn more.

Security 195

Security Examples National Report 195

Abrigo

AUGUST 22, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." The 2021 AFP Payments Fraud and Control Survey reported 66% of fraud activity included check fraud in 2020. Lending & Credit Risk. Portfolio Risk & CECL. How do you prevent this? Learn More.

Fraud 195

Fraud Trends Survey Technology 195

FICO

DECEMBER 15, 2020

Digital transformation, including the convergence of fraud and financial crimes compliance infrastructure, will accelerate even more. New ways of doing business will make KYV (Know Your Vendor) a top priority for compliance organizations. I think we’re all ready to close the books and move on from 2020. Change Will Still Reign.

Fraud 52

Fraud Compliance Management Software 52

ZootBlog

OCTOBER 11, 2016

This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. We covered everything from pain points to fraud and compliance and best practices to manage it all. Everyone is going mobile and data changes frequently. million dollars.

User Experience 60

User Experience Mobile Data Las Vegas 60

FICO

APRIL 17, 2020

A number of new insurance carriers including; Volante Global, Tarian Underwriting Limited, and RLI Insurance Company, have joined a growing number of global insurance carriers currently leveraging the industry leading FICO® Cyber Risk Score for underwriting, portfolio management, risk aggregation, modeling and pricing.

Cyber Security 52

Cyber Security Industry Management Security 52

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Kerem Özdamar , Fraud Risk Analysis & System Development Manager at Garanti BBVA (Turkey).

Fraud 52

Fraud Trends South Carolina Risk Management 52

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Security Bank Midwest. Security Bank. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

FICO

DECEMBER 9, 2019

Now, what does 2020 promise on the C&R front? The European Central Bank through its Single Security Mechanism (SSM) concludes, in its annual risk report, that NPLs (non-performing loans) are the second largest future risk for the European financial system after geopolitics. Here’s what I see. Source: [link].

Analytics 52

Analytics Regional Strategy Regulation 52

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. FFIEC’s Cyber Security Self-Assessment Tool. Tie: Money 2020. Somebody-Call-the-Whaambulance Award. Demo Quote.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

OCTOBER 7, 2022

As it happens, buy now, pay later (BNPL) breached the $100 billion in mark in 2020 and soared to $157 billion in 2021 , according to FICO partner Worldpay. Meanwhile, the BNPL industry’s charge-off rate, or the rate of uncollectible loans, was 2.39% in 2021 — up from 1.83% in 2020. Late Payments Are Common. Late fees are also climbing.

Fraud 52

Fraud South Carolina San Francisco Regulation 52

FICO

APRIL 20, 2021

According to the UK’s Open Banking Implementation Entity (OBiE), in 2020 nearly six billion calls were made via application programming interfaces (APIs) to bank servers in the UK and more than four million open banking payments were completed. Three years in, open banking is finally gaining momentum. In comparison, 2018 saw 66.8

Fraud 52

Fraud Strategy Management Compliance 52

FICO

JULY 28, 2020

A 2019 Allianz survey of risk management experts across 86 countries ranked cyber incidents as the biggest single point of risk for an organization, thus highlighting the need for an effective insurance policy to transfer risk from potentially damaging effects of a cyber-attack. by Doug Clare.

Marketing 69

Marketing Cyber Security Policies Comparison 69

FICO

NOVEMBER 1, 2022

per 100,000 in 2020. Biometrics have become a favourite security choice – 36% have a strong preference to use them to secure their financial accounts and another 40% like them. 78% rate fingerprint security as either good or excellent. How Do You Identify More Application Fraud Without Upsetting Legitimate Customers?

Fraud 52

Fraud Survey Customer Experience Data 52

FICO

OCTOBER 7, 2019

Debt Management: Shanghai Pudong Development Bank CCC. Decision Management Innovation: Medscheme and Santander. Fraud & Security: EnterCard and FIS. Regulatory Compliance: Canadian Tire Financial Services. Sid Dash , research director at Chartis for risk management analytics. Commendation: Santander Polska.

New York City 40

New York City Analytics Conference New York 40

FICO

JANUARY 19, 2022

Darryl Knopp wrote: For banks with their own BNPL offering, a multi-layered approach to risk management and fraud protection is critical. Additionally, payment services provider FIS (a FICO Partner) said the dollar volume of attempted fraudulent transactions in April 2020 rose 35% over the prior year , a trend it expected to continue.

Fraud 52

Fraud Cards Report Analytics 52