ABA Risk and Compliance
 
 
 
 
June 26, 2020
Upgrade Your Cybersecurity Experience: What to Look for in a SIEM
Adlumin Inc.
Has your company been searching for a security automation platform but can’t seem to pinpoint the specific characteristics to look for? If so, you’ve came to the right place. Cybersecurity and compliance should be at the top of every financial institution’s priority list.
Learn more
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Features
Have Virtual Currencies Virtually Arrived?
As bitcoin and other private digital currencies gain wider acceptance, is a "central bank digital currency" on the way soon?
False Dichotomy: Fraud Detection and Cardholder Relationships
Banks can benefit from fraud analytics models and machine learning—and can even deputize cardholders into proactively helping them understand where transactions are legitimate and to identify potentially fraudulent activity.
PWCampbell
WHY YOUR BANK NEEDS A CMS
Ncontracts
Regulators have been emphasizing the importance of a strong and effective Compliance Management System. This whitepaper will walk you through the basics of a CMS while offering practical advice on how to ensure your CMS supports your strategic goals.Takeaways include:
·A primer on CMS requirements
·4 key elements to prioritize when designing or updating a CMS
·7 CMS features that should align with your bank’s goal and structure
·Examples of failed CMSs and compliance controls
CLICK HERE TO DOWNLOAD AND LEARN ABOUT OUR CMS SOFTWARE
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Risk and Compliance News
ABA, MSTAR Receive Industry Initiative Award from Leading Risk Management Publication
Risk.net, a prominent digital publication focused on operational risk news and analysis, has awarded its 2020 Industry Initiative Award to the ABA and MSTAR, for their pilot program for operations risk modeling.
Agencies Release 2019 HMDA Data
The Federal Financial Institutions Examination Council today released the 2019 Home Mortgage Disclosure Act data on mortgage lending transactions at 5,508 financial institutions.
CFPB Grants Flexibility to Servicers Offering Forbearance Options to Borrowers
The Consumer Financial Protection Bureau granted flexibility under Regulation X for servicers to offer deferral options to borrowers as they transition from forbearances for financial hardships due to the coronavirus pandemic.
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
The OCC is planning to unveil what Acting Comptroller Brian Brooks called "payments charter 1.0" as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.
Naylor Association Solutions
CFPB Updates Process for Determining ‘Underserved’ Counties
In an interpretive rule issued this week, the CFPB provided guidance on how it will determine which counties qualify as "underserved" for a given calendar year, as required by Regulation Z.
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a "sensitivity analysis" of how institutions would perform under three distinct scenarios related to the coronavirus pandemic and economic recovery, Federal Reserve Vice Chairman for Supervision Randal Quarles said.
CFPB Announces Pilot Program to Issue Binding Advisory Opinions
Under a new pilot program launched by the Consumer Financial Protection Bureau, entities seeking to comply with existing regulations may request an advisory opinion from the bureau to address areas of uncertainty.
Data Breach Response Ready
Experian Partner Solutions®
Your free go-to hub to help your business take those crucial first steps in preparing a customer first notification response. Data breach incidents unfortunately happen daily, across all businesses, all over the world. We created this hub especially for businesses to feel confident, secure, and prepared for a data breach. Whether your business is small, medium or large, we will partner to help you take proactive steps in all stages of a breach.
Be Response Ready®
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