ABA Risk and Compliance
 
 
 
 
September 3, 2021
Features
Finding Compliant Ways to Use Consumer Data to Better Serve Consumers
Consumer data privacy concerns have some banks shifting their focus from customer acquisition to retention.
The Regulated World of Healthcare Lending and Restructuring
By considering the unique aspects of healthcare financing, the associated risks can be factored into the pricing and structure of the credit facility, resulting in fewer surprises.
Asurity Technologies
International Monetary Fund
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
Banking Agencies Release Guide on Fintech, Community Bank Partnerships
The federal banking agencies released a guide to help community banks asses risks when considering partnerships with fintech companies.
Court Denies Payday Lenders’ Challenge to CFPB Small-Dollar Rule, Sets Compliance Date
A federal district court has denied payday lenders’ challenge to the CFPB’s 2017 small-dollar lending rule.
Trade Groups Warn Against Re-codifying 2013 Disparate Impact Rule
ABA and three other banking and mortgage groups warned that re-codifying the Department of Housing and Urban Development’s 2013 disparate impact rule would run afoul of binding Supreme Court precedent.
The Right Way for Banks to Use Texting
When a texting campaign is deployed responsibly, customers will feel well-informed and cared for, and perhaps less likely to look elsewhere for their banking needs.
Abrigo
A10 Networks, Inc
Federal, State Regulators Issue Joint Statement on California Wildfires
With many communities in California affected by wildfires, federal and state financial regulatory agencies issued a joint statement this week encouraging institutions operating in the affected areas to continue to meet the financial service needs of their communities.
Federal, State Regulators Issue Joint Statement on Hurricane Ida
With many communities in Louisiana and surrounding states, as well as the Northeast, receiving serious damage from Hurricane Ida, federal and state financial regulatory agencies issued a joint statement reminding banks of supervisory expectations related to disaster recovery.
Crisis Response Management: Decoded
Experian Partner Solutions®
In an age of infinite information where a company’s reputation can be destroyed in as little as 140 characters, it may seem difficult to bounce back from a crisis, but it is possible. Businesses that are prepared for natural disasters or other incidents can protect themselves from serious financial losses, and keep their reputation and customer loyalty intact, if they have the right tools.
Download this e-book to explore
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Training

September 8
Webinar: #BanksNeverAskThat – Everything You Need to Know

September 9
Webinar: Best Practices for Conducting FCC Risk Assessments

September 29
Webinar: Best Practices for Monitoring Servicing Performance

October 18 - November 3
Virtual School: Compliance School – Foundational

October 20
Webinar: Combining Cyber and Physical Security to Protect Your ATMs

2022
January 30 - February 2
Conference: Insurance Risk Management Forum
Omni Amelia Island Resort, Fernandina Beach, FL