Abrigo

OCTOBER 30, 2024

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. See tailored AML/CFT solutions that can improve your compliance. Learn more 1.

Compliance 221

Compliance Training System Management 221

Perficient

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 Our unparalleled financial services expertise , combined with digital leadership across platforms and business needs, empowers the largest organizations to overcome complex challenges and foster compliant growth.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.

Risk Management 195

Risk Management Management FDIC Meeting 195

Gonzobanker

OCTOBER 31, 2024

The FDIC issued a consent order against Discover Bank last year for lacking oversight into third-party risk management and a compliance vendor management program. Leadership should divulge to the board if it has concerns about any vendor hitting its promises. Vendor management is risky business. Reporting ​.

Risk Management 132

Risk Management Management FDIC Software 132

Abrigo

JUNE 2, 2021

Does it address a “culture of compliance”? Culture of compliance. FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership.

How To 195

How To Training Compliance Policies 195

Perficient

SEPTEMBER 6, 2023

RELATED CONTENT : Regulatory Risk and Compliance in Financial Services Share Your Thoughts With OCC Regulators by November 30, 2023 You may submit comments to the OCC by any of the methods set forth below. These requirements, with a balance sheet depletion allowance of 0.5 Comments must be received on or before November 30, 2023.

Regulation 221

Regulation DC Capital Washington 221

Perficient

AUGUST 9, 2022

Institutions must also prioritize regulatory compliance and be vigilant about carrying out consequences when their employees breach these expectations. Building trust is not limited to overarching company leadership.

Community 275

Community Customer Experience ATM Examples 275

Perficient

AUGUST 15, 2024

Governance factors focus on the organization’s leadership, transparency, accountability, and adherence to ethical business practices.” Social factors consider a company’s treatment of employees, diversity and inclusion practices, community relations, and involvement in socially responsible initiatives.

Risk Management 221

Risk Management Resources Regulation Community 221

CFPB Monitor

SEPTEMBER 30, 2022

Populus contrasts the narrower missions and authority of the Federal Reserve, FDIC, and OCC, which are also self-funded. With regard to the Federal Reserve and FDIC, Populus distinguishes their multimember, bi-partisan leadership structure. On May 9, 2022, a Fifth Circuit panel heard oral argument in the CFSA lawsuit. .

Groups 78

Groups FDIC Texas Leadership 78

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),

Conference 88

Conference FDIC Arizona Industry 88

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. It has not been all sunshine and rainbows for TBBK. NasdaqGS: FCNC.A) In 1935, R.P.

Fresno 98

Fresno North Carolina Raleigh FDIC 98

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.

Policies 52

Policies Las Vegas FDIC Washington 52

Javelin Strategy & Research

SEPTEMBER 2, 2014

My 30 year career started in merchant e-commerce technology, with numerous product management/leadership/launch roles before moving over to product-innovation research some fifteen years ago. I have a lot to learn! I can’t get enough of innovation and digital strategy. So what do you think I should focus on? I’d like to hear from you.

Innovation 58

Innovation DC FDIC Strategy 58

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. By Ed Avis. Methodology. One of the missions of Lead Bank in Lee’s Summit, Mo.,

Community Bank 172

Community Bank Community National Philadelphia 172

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. It isn’t just a compliance program problem or a data management problem. PPP Forgiveness Platform Opens Aug.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

DECEMBER 16, 2020

The CFPB, under new leadership, should be directed “to aggressively protect consumers by enforcing the law.”. The OCC and FDIC should rescind their Madden -fix rules and the OCC should rescind its “true lender” rule. The DOJ, CFPB, and federal banking regulators should prioritize fair lending enforcement.

Policies 78

Policies Regulation Lending FDIC 78

CFPB Monitor

JULY 6, 2020

It represents the CFPB’s third rulemaking agenda under Director Kraninger’s leadership. These actions could include, but are not limited to, updated compliance aids, policy statements, or other guidance.”. The Bureau recently took action on the following items listed in the agenda: Higher-Priced Mortgage Loan Escrow Exemption.

Regulation 78

Regulation Policies FDIC Lending 78

American Banker

DECEMBER 7, 2023

Chairman Martin Gruenberg's leadership ability. Led by Senate Banking Committee ranking member Tim Scott, R-S.C., GOP members of the Senate Banking Committee say they have concerns about Federal Deposit Insurance Corp.

FDIC 41

FDIC Leadership Policies Compliance 41

American Banker

NOVEMBER 19, 2024

The next Republican-led FDIC board will inherit a legacy of sexual misconduct and low morale brought to light last year. Despite the breadth of that challenge, industry watchers believe the agency's new leadership can deliver meaningful change.

FDIC 48

FDIC Leadership Industry Policies 48

CFPB Monitor

JANUARY 9, 2017

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Jordan is currently President and CEO of a government relations firm that specializes in strategic business development and President of the National Black Republican Leadership Council.

Leadership 60

Leadership FDIC Policies Compliance 60

FICO

JANUARY 9, 2017

Last fall, I suspect that most regulatory compliance professionals in the U.S. While I won’t ever be mistaken for Nostradamus, amidst this regulatory sea change, I feel (relatively) confident in sharing with you my top regulatory compliance predictions for 2017. New FCC leadership will provide much-needed TCPA relief.

Regulation 40

Regulation Lending New York Leadership 40