CFPB Monitor

FEBRUARY 8, 2021

The webinar looked at the changes that the CFPB is likely to undergo under the leadership of Messrs. Mr. Cordray expects Mr. Uejio to put the CFPB on a path that is more in line with the agency’s vision for carrying out its mission that prevailed under Mr. Cordray’s leadership. John indicated that as CFPB Director, he expects Mr.

Leadership 78

Leadership Lending Groups Policies 78

CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The report discussed the Office’s consumer outreach and educational efforts, servicemember complaint trends, and priorities for 2021.

Report 78

Report Compliance Leadership Analysis 78

CFPB Monitor

MAY 26, 2022

Under Director Chopra’s leadership, the CFPB has regularly been sounding alarms about the potential for discrimination arising from the use of so-called “black box” credit models that use algorithms or other artificial intelligence (AI) tools. The CFPB has previously acknowledged the potential consumer benefits of AI and other technologies.

Compliance 143

Compliance Regulation Leadership Technology 143

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. The regulators don’t care what your budget is,” Luttrell says. learn more. “Mr.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

DECEMBER 8, 2021

Takeaway 3 Set an agenda for the BSA/AML board training, covering topics like board expectations and suspicious activity reports. Specific topics for your BSA board training may include the following: Give a brief history of BSA/AML The key point to make regarding the history of BSA/AML is to understand is understanding laws and regulations.

Training 195

Training Resources Video Compliance 195

CFPB Monitor

JANUARY 12, 2021

The CFPB’s Taskforce on Federal Consumer Financial Law released its report making recommendations on how to improve consumer protection in the financial marketplace. The report consists of two volumes. The Taskforce report reflects the unanimous views of its five members. Credit reporting.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

US 168

US Regulation Groups System 168

Abrigo

DECEMBER 30, 2019

Institutions must create a strong culture of compliance. Creating a Culture of Compliance. One of the more important takeaways from 2019 is that all institutions, regardless of size or risk profile, must have a strong culture of compliance, as directed by FinCEN’s advisory in 2014. Looking back to strengthen your BSA program.

Training 195

Training Compliance Leadership Fraud 195

Abrigo

MAY 20, 2022

Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance. Evaluating Leadership. What regulators look for in top-down guidance. Whether the bank has model documentation or validation reports for models used. Watch Webinar.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

APRIL 20, 2022

I am concerned that TransUnion’s leadership is either unwilling or incapable of operating its businesses lawfully.”. TransUnion’s subsidiary, TUI, generates, markets, and sells consumer-facing credit-related products that include credit scores, credit reports, and credit monitoring.

Compliance 78

Compliance Leadership Report Regulation 78

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. according to the latest figures from the IRS, which monitors and regulates such organizations. There are approximately 1.56 trillion in revenues and $2.4

Management 141

Management Taxes Groups Regulation 141

CFPB Monitor

MAY 31, 2022

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

cryptocurrency 146

cryptocurrency Innovation DC National 146

CFPB Monitor

NOVEMBER 21, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022. Consumer reporting. Auto servicing.

Report 78

Report Cards Lending Management 78

CFPB Monitor

FEBRUARY 10, 2021

The MOU adds to the current collaboration framework and does not replace existing MOUs between the agencies and state regulators. The agencies’ supervision and enforcement staff will meet semiannually to review possible actions and resolve any conflicts with regard to what constitutes compliance and the appropriate remedy for noncompliance.

Training 78

Training Compliance Meeting Leadership 78

FICO

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. More than ever, I believe this year’s report sounds the alarm bell for financial services firms, signaling that the industry must come together to self-regulate its use of AI.

Analytics 52

Analytics San Diego Regulation Compliance 52

Independent Banker

OCTOBER 29, 2014

New BSA guidance reinforces having an appropriate ‘culture of compliance’. Community bank compliance professionals know three things about effective compliance management: It starts at the top. As a result, most compliance officers were likely not surprised by the August 2014 “Advisory to U.S. By Mary Thorson.

Compliance 80

Compliance Leadership Resources Virginia 80

CFPB Monitor

JUNE 28, 2021

As previously reported , the CFPB delayed the mandatory compliance date of the new general qualified mortgage (QM) rule under Regulation Z, which became effective on March 1, 2021, until October 1, 2022. The issue now is whether the FHFA under new leadership will reach a different agreement with the U.S.

Compliance 78

Compliance Leadership Regulation Report 78

CFPB Monitor

DECEMBER 13, 2021

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. The CFPB has released the Fall 2021 edition of its Supervisory Highlights.

Lending 78

Lending Cards Regulation Payments 78

CFPB Monitor

AUGUST 16, 2019

The Committee concluded that senior leadership among large U.S. The statement questioned whether diversity is really a priority for megabanks given that no chief diversity officer reports directly to the CEO. banks still is mostly white and male, with no megabank having a female or minority CEO. Click here to listen to the episode.

CA 60

CA Leadership Regulation Groups 60

PYMNTS

OCTOBER 19, 2016

A new report by Deutsche Bank and the Economist Intelligence Unit (EIU) explored how financial managers are handling the changing winds of the economy and found that macroeconomic conditions are now top of mind as treasurers fight to grow their businesses.

Survey 100

Survey Regulation Strategy Management 100

CFPB Monitor

OCTOBER 18, 2018

This is a very interesting development, because it suggests that the Bureau’s “reexamination” of disparate impact may not merely be a matter of informal interpretation or enforcement/supervision priorities, but may become enshrined in a rule (presumably an amendment to Regulation B). But what direction might such a rulemaking take?

Leadership 74

Leadership Lending Regulation Community 74

FICO

MAY 24, 2021

A new report released today by FICO and market intelligence firm Corinium, entitled The State of Responsible AI , finds that most companies are deploying AI at significant risk. To drive the responsible use of AI in their organizations, senior leadership and boards must understand and enforce auditable, immutable AI model governance.

Study 98

Study Leadership Regulation Analytics 98

Jeff For Banks

FEBRUARY 23, 2013

I envision the person occupying this role to be a savvy marketer with strong IT skills, as well as senior leadership abilities. Ensure compliance with all industry laws and regulations. Join one community organization consistent with FI strategy and employee interests/values and be active in the organization''s leadership.

Training 86

Training Leadership North Carolina Resources 86

Perficient

JANUARY 16, 2024

Establish clear guidelines and protocols for financial transactions, approvals, and reporting. Regularly review and update policies annually to ensure compliance with current rules and regulations. Contact us today to navigate the evolving landscape of risk and regulation successfully.

Compliance 221

Compliance Guidelines Policies Risk Management 221

Accenture

JULY 20, 2017

Read the report. Internal and external drivers are focusing these programs on cost control, improving the customer experience, digitisation and compliance. If only it were that easy for banks to reinvent themselves!

Survey 154

Survey Strategy Digital Strategies Leadership 154

CFPB Monitor

APRIL 17, 2019

Director Kraninger began her remarks by indicating once again that the CFPB’s focus under her leadership will be on the prevention of harm to consumers. She indicated that in her role as FFIEC Chairman , she would seek to strengthen coordination between federal and state regulators. Supervision. Enforcement.

Policies 68

Policies Compliance Leadership Tools 68

Abrigo

JULY 17, 2017

He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession. I give the analogy of in audit, we have set stages: planning, fieldwork and reporting. Consequently, the methodology that will be the backbone of the service deserves some focus.

Honolulu 150

Honolulu Taxes eBook Leadership 150

PYMNTS

MARCH 22, 2016

In April 2012, The New York Times reported that Walmart officials had paid $24 million in alleged bribes in Mexico and then shut down an internal investigation into the matter. Walmart has spent more than $730 million since 2012 responding to the allegations and revamping its compliance infrastructure. The probe began back in Nov.

New York 100

New York Leadership Operations Compliance 100

PYMNTS

JUNE 15, 2018

The discrepancy in standards and regulation across the BRI introduces a number of challenges, such as the absence of a unified communications framework and compliance issues,” SWIFT said. SWIFT continues to compete with blockchain-backed Ripple for leadership in the cross-border payments market.

blockchain 100

blockchain Case Study United States cryptocurrency 100

Insights on Business

MAY 2, 2019

Through our many daily interactions we have been witness to a wave of patterns forming that are changing the face of governance, risk and compliance (GRC). As such, organizations are coming to the conclusion that they need a consistent, cross-discipline, cross-process view of risk and compliance.

Compliance 98

Compliance System Analytics Data 98

Fintech Labs Insights

MARCH 15, 2024

Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks. The pandemic slowed the introduction of new events. In the fintech space, only Fintech Meetup , launched in 2021, has reached critical mass this decade.

Conference 15

Conference Las Vegas Fintech Case Study 15

Cisco

OCTOBER 4, 2022

Its audience is technology executives and leaders who do not need to be regulatory experts, but who are affected by the regulations, and should have a better awareness. There simply is a ton of information in the AIO guide (100 pages) that would be relevant to different groups in IT leadership. In Summary. Personally owned devices.

Operations 118

Operations Software Risk Management Management 118

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., The laws and rules governing anti-money laundering and combating the financing of terrorism compliance have not been substantively updated since the Bank Secrecy Act was adopted in 1970. by Daniel Nestel.

Policies 52

Policies Las Vegas FDIC Washington 52

PYMNTS

JUNE 28, 2016

The report tracks how various industry sectors and geographies use encryption coupled with business applications to protect their data. Not only are companies adopting encryption as a compliance need, which we’ve often seen especially in the payments industry, but as more of a best practice as well,” Galvin explained.

Security 109

Security Study Data Industry 109

CFPB Monitor

MARCH 14, 2019

Although issued under Director Kraninger’s leadership, the Winter 2019 Supervisory Highlights covers examinations generally completed between June and November 2018 when Mick Mulvaney was Acting Director. It represents the CFPB’s second Supervisory Highlights covering supervisory activities conducted under Mr. Mulvaney’s leadership.

Taxes 68

Taxes Leadership Policies Exercises 68

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says. Planning for increased compliance costs. Addressing ESG is one thing,” she says. Click to enlarge. Badger Bank in Fort Atkinson, Wis.,

Community Bank 144

Community Bank Community Lending Louisiana 144

CB Insights

SEPTEMBER 11, 2018

get the 39-page cyber defense report. Facebook stock is down and it faces investigation by a growing list of international regulators. Google has lost employees and also faces regulation. Apple: Director of privacy compliance. Facebook & Apple focus on Privacy & Compliance Policies.

Google 48

Google Apple Policies social media 48