Community Bank Compliance FDIC Security 
Abrigo
AUGUST 6, 2021
How can community financial institutions thrive in 2021? Community banks provide unique and important banking services for their customers, but they also face significant obstacles. Takeaway 1 Community banks play an important role in the economy and their communities, but they face significant obstacles.
Independent Banker
DECEMBER 31, 2022
While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Source: FDIC.
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CFPB Monitor
AUGUST 31, 2021
The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.
Independent Banker
OCTOBER 1, 2022
“A lot of people have this notion that it will never happen to my business or my bank, because it’s too small,” says Linda Comerford, assistant vice president of incident response and cyber services at AmTrust Financial Services Inc. The bank was only able to get fully up and running after it paid a negotiated ransom.”.
PYMNTS
FEBRUARY 8, 2019
The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported. FDIC) and the Comptroller of the Currency were involved in the discussion.
Independent Banker
SEPTEMBER 25, 2014
Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.
NCR
AUGUST 31, 2016
Larger banks, on the other hand, are generally better equipped to handle loan QC internally. Most banks have at least one compliance officer who possesses a cursory knowledge of the mortgage finance arena. If a bank is already outsourcing other pieces of the mortgage process, it may eventually bring these in-house as they grow.
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