ABA Risk and Compliance
 
 
 
 
June 10, 2022
KOREM INC?
Predict bank success in a digital-first world
What if you could learn more about who interacts with your branch banks, when they visit, and for which services. What if you could identify the audience segment by age, income, and other variables that would allow you to target directly to them on a more personalized level? And, what if you knew how often they visit and how much is transacted? 
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Features
Financial institutions will benefit by embracing innovation and being proactive during breaking developments.
VDPs open a communication channel to external cybersecurity researchers, while also encouraging current bank customers to participate in the feedback loop.
Asurity Technologies
International Monetary Fund
1071: What Does the Final Rule Mean for Small Business Lenders
Ncontracts®
The CFPB has released the final rule implementing Section 1071 of the Dodd-Frank Act. Ncontracts regulatory compliance experts have gone through all 800+ pages. Whether you're a commercial lender, compliance professional, or member of the C-suite, this webinar on Thursday, April 20, 2023 at 1pm CST will help you understand what the Section 1071 final rule means for your team and how to move forward with confidence. 
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Risk and Compliance News
While expressing overall support for the FDIC’s Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions, ABA emphasized the need for a "flexible and iterative, principles-based approach" until the data and methodologies for understanding climate-related financial risk are more fully developed.
In a new circular, the CFPB said that under the Equal Credit Opportunity Act and Regulation B, creditors are not permitted to use complex algorithms in credit decision-making if doing so means they are unable to provide "the specific and accurate reasons for adverse actions."
Ramping up production of these essential components is complex and requires billions of dollars in investment and years to come online. Other trends such as increased demand for electric vehicles and green energy are creating a sustained surge in demand for relevant raw materials.
Winnow Solutions, LLC
As part of its implementation of the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network sought public feedback on a new process for issuing no-action letters.
ABA and the Consumer Bankers Association have expressed support for the Consumer Financial Protection Bureau’s recent announcement that it will increase nonbank supervision.
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.
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Training

June 15
Webinar: Bank Partnerships to Protect Seniors

June 21 - 24
Conference: Regulatory Compliance Conference
Hyatt Regency Orlando | Orlando, FL

July 19
Webinar: Evolve Your Bank’s Privacy Program and Prepare for the Future

July 26
Webinar: Deposit Strategies in a Tightening Cycle: An Analytical Advantage

July 28
Webinar: Managing Fiduciary Conflicts of Interest

August 8 - 11
School: Risk Management School – Advanced
Hyatt Regency Reston | Reston, VA

August 8 - 12
School: Risk Management School – Foundational
Hyatt Regency Reston | Reston, VA

September 28
Webinar: Domestic Terrorism: A Threat to the Financial System