Abrigo

JUNE 10, 2020

Adequately staffed and risk-focused AML resources with good documentation are critical. 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.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

FEBRUARY 10, 2023

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive.

Fraud 195

Fraud Training Regulation Compliance 195

Abrigo

DECEMBER 30, 2019

It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA. Their commitment should be visible within the organization, and if it is not, regulators will take notice. This is a must-have risk management concept. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

Cisco

AUGUST 9, 2022

As these have attacks have evolved, regulatory bodies have updated their regulations to account for the increasing threat of cyber risk. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. External Dependency Management.

Tools 114

Tools Leadership Handbook Security 114

PYMNTS

NOVEMBER 12, 2020

There’s a difference, one that transcends simply rendering documents into data files. Another factor is the regulatory requirements in many markets that historically necessitate paper documentation for cross-border movements of funds.

Innovation 295

Innovation Regional Data Payments 295

Independent Banker

APRIL 30, 2022

For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer. He also recommends not updating the resiliency document as only a “table-top exercise.” Quick Stat.

Oregon 91

Oregon Community Bank Community Meeting 91

Cisco

OCTOBER 4, 2022

It also spells out management oversight of IT systems, to include governance, and provides principles for auditors to address. 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. In Summary. In Summary.

Operations 118

Operations Software Risk Management Management 118

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. Credit card account management.

Report 78

Report Cards Lending Management 78

Abrigo

DECEMBER 8, 2021

Remember, it is a regulatory requirement that each member is trained annually, so be sure to document and retain your attendee list. For example, the Anti-Money Laundering Act of 2020 is coming, and once regulations are written, there will be implementation factors to consider. Offer to schedule a one-off video conference if needed.

Training 195

Training Resources Video Compliance 195

CFPB Monitor

DECEMBER 6, 2021

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray.

Regulation 78

Regulation Policies FDIC Leadership 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. Credit card management. Fair lending.

Lending 78

Lending Cards Regulation Payments 78

Perficient

SEPTEMBER 2, 2022

You’re known for your leadership of large money center financial firms. R.TY: Well, several years prior I was responsible for getting new legal documents required to meet a then-new federal regulation. That’s very interesting, Richard Tan Yu. Tell me about the latter example first, please. Very inefficient.

blockchain 55

blockchain Customer Experience Examples Leadership 55

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. And we’re not just talking about cyberattacks. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Survey 100

Survey Taxes Groups Analysis 100

Independent Banker

SEPTEMBER 25, 2014

Few community banks have the luxury of ripping and replacing their entire compliance management strategy, leaving many executives on the hunt for practical tips. Improve IT vendor management. Vendor management and due-diligence compliance requirements have become much more stringent and an area of intense scrutiny for examiners.

Community Bank 105

Community Bank Compliance Community Resources 105

Cisco

JANUARY 24, 2023

The prior blogs in this series, listed at the bottom, have discussed the various regulations affecting CIOs and their IT organizations. The purpose of this blog is to discuss a few ways in which tooling and automation capabilities can be used to satisfy the asset management requirements of the FFIEC Operations Guide.

Meeting 100

Meeting Regulation Management Technology 100

Jeff For Banks

DECEMBER 21, 2012

The Gift of Leadership Leadership is not managing the day to day affairs of the bank. Leadership is motivating others to follow you through difficult and uncertain circumstances, keeping firmly focused on a vision. But if I could bestow prudence, I would first focus on bank regulators. Did it help us?

Leadership 86

Leadership Regulation US Strategy 86

CFPB Monitor

MARCH 17, 2022

Consistent with expectations that the CFPB under Director Chopra’s leadership would take an expansive view of its statutory authorities, the CFPB has announced its intention to use its authority to prohibit unfair, deceptive, or abusive acts or practices (UDAAPs) to target discriminatory conduct, even where fair lending laws may not apply.

Policies 78

Policies Analysis Marketing Leadership 78

PYMNTS

NOVEMBER 14, 2017

At the time, Bibby Financial Services Managing Director of Construction Finance, Helen Wheeler, described this as “the battle of David versus Goliath … with larger constructors wielding the power and smaller firms reluctant to negotiate terms through fear of losing future work or gaining a reputation for being difficult.”.

Payments 101

Payments Industry Survey Fintech 101

Perficient

JANUARY 16, 2024

Background On October 19 th , 2023, the Office of the Comptroller of the Currency (OCC) published an article highlighting new enforcement actions and clarifying explicit rules regarding misconduct, particularly as it relates to financial abuse by senior-level management.

Compliance 221

Compliance Guidelines Policies Risk Management 221

FICO

MAY 13, 2021

Having a documented model development governance process. Whilst the EU have rightly focused on encouraging the use of AI and developing data science strategic leadership, issues like explainability are seen as optional as best. Ensuring models are adequately supported by degrees of freedom to prevent overtraining.

Analytics 52

Analytics System Leadership Data 52

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. Electronic signatures and document requirements. The report consists of two volumes.

Report 78

Report Regulation Policies Compliance 78

PopularBank

MAY 25, 2021

In the midst of the COVID-19 health crisis, record-low occupancies, tightened regulations and increased scrutiny continue to pressure to the senior housing industry. Managing fear and disruption in the face of a once-in-a-lifetime pandemic continues to be critical. Are you following current regulations?

National 52

National Industry Lending Strategy 52

Independent Banker

DECEMBER 13, 2015

The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. No one knows yet how in-depth the regulators might want those assessments.”.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. No one knows yet how in-depth the regulators might want those assessments.”.

Tools 70

Tools Community Community Bank Security 70

CFPB Monitor

MAY 4, 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, prepaid accounts, remittance transfers, and student loan servicing that were completed between July 2021 and December 2021. Credit card account management.

Cards 78

Cards Report Management Policies 78

PYMNTS

MARCH 20, 2020

Developing profitable long-term business ties begins with onboarding, which requires lengthy vendor research, analyses of their leadership, products or services and projections of how such factors might help a company or its clients grow. Performing such deep background checks can be challenging for firms with limited resources, though.

Fraud 130

Fraud Operations Resources Survey 130

Perficient

MAY 21, 2021

Grow Better is a web app where users can log data and photos to document every step of their plant’s growth. The user can learn from past mistakes or mishaps and has the opportunity to watch their plant grow in real-time with photo documentation. . “See where you’ve been to see how you grow.”

Milwaukee 348

Milwaukee Software Course Detroit 348

Independent Banker

MARCH 15, 2015

Yet his steady leadership is paired with a willingness to challenge the status quo cautiously to keep up with an evolving marketplace—a quality that appealed to the bank’s board when it promoted him from loan officer to bank president 25 years ago. Regulation Review Committee, vice chairman. Thoughtful action. Committee, chairman.

Ohio 70

Ohio Community Bank Community Lending 70

Fintech Labs Insights

AUGUST 21, 2015

FundAmerica’s back-end compliance solutions include everything from AML and escrow services to payment processing and state dealer representation, in short all investment advisers, broker-dealers and others need to raise capital pursuant to 506(c), 506(b), Reg A+, and rule 4(a)(6) crowdfunding regulations.

Las Vegas 12

Las Vegas Compliance Nevada Online 12

Abrigo

OCTOBER 20, 2016

As the leadership at banks and credit unions craft their plans for growth, there are several key metrics they should consider, such as optimizing their lending funnel , developing the right marketing strategy , and ensuring that they are taking advantage of unique opportunities with a robust credit analysis processes.

Software 150

Software Lending Community Bank Taxes 150

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Holmes and former Theranos COO Balwani’s trial has been delayed due to arguments over the scope of trial evidence, currently estimated to comprise millions of pages of documents across more than 4 terabytes of data seized by law enforcement. Zenefits skirts compliance regulations.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

JUNE 6, 2019

The company struggled with several aspects of its business, including managing the cost of individual meals and ongoing problems with food waste — but it used the money it raised to pursue an aggressive expansion strategy nonetheless. Dart Music hoped to become the world’s leading musical metadata management service.

Apple 78

Apple Branding Google Company 78

CFPB Monitor

FEBRUARY 14, 2019

A new executive order signed by President Trump on February 11, 2019 is intended to maintain American leadership in artificial intelligence (AI) research and development (R &D). The order directs certain federal agencies to pursue various strategic objectives to promote and protect American advancement in AI.

Lending 84

Lending Community National Leadership 84

PYMNTS

JANUARY 26, 2018

It seems an era has drawn to a close at the Consumer Finance Protection Bureau (CFPB) as that under Mick Mulvaney, interim director and Office of Management and Budget (OMB) head, gets underway in earnest. And, under his leadership, the new CFPB seems bent on doing things very differently than it has in the past.

Lending 101

Lending Cards Millennials Data 101

CFPB Monitor

JUNE 16, 2021

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities.

Lending 78

Lending Report Data Policies 78

PYMNTS

JANUARY 7, 2019

It’s almost as bad as saying it’s the “Year of The Sloth” – since, let’s face it, pigs are not typically prized for their wisdom, energy, vision or leadership qualities across the animal kingdom. Chinese tradition, however, takes a different view.

Mobile 205

Mobile Innovation Apple Study 205

PYMNTS

OCTOBER 7, 2019

David Marcus, Facebook’s chief Libra architect and now CEO of the Calibra wallet that will store and manage the Libra currency, has attempted to assuage regulators’ concerns by telling them Libra won’t move forward until they are comfortable. You really can’t blame the regulators for being nervous, and maybe even now a little confused.

Regulation 199

Regulation cryptocurrency Innovation Meeting 199