ABA Risk and Compliance
 
 
 
 
February 3, 2023
Features
Staving off tech litigation with smarter contracts
Contracts are risk-management tools, especially as millions of dollars in liability—and the bank’s reputation and customer relationships—can be at stake.
ABA survey finds cybersecurity top risk priority for community banks
Cybersecurity will be the top risk priority for most community banks over the next 18 months, with operational risk and compliance risk also high priorities, according to the ABA Banking Risk and Compliance Management 2023 Outlook survey.
SYSTRAN
Thomson Reuters
Banks’ competitive job market has eased, but retention remains a challenge
Banks are addressing an array of challenges to attract new hires and retain them.
Report: Denial of service attacks against financial institutions on rise
Distributed denial of service attacks targeting financial institutions rose 22% last year, driven in large part by political motivations, according to a new report by the nonprofit FS-ISAC and cybersecurity firm Akamai.
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. 
Register Now
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Proposed rule would require verification system for Treasury checks
The U.S. Treasury Department proposed a new requirement that financial institutions use the Treasury Check Verification System, or a similar authorized system, to verify that Treasury checks are both authentic and valid.
Corporate climate disclosure bill reintroduced in California Legislature
Legislation that would require corporations to report their greenhouse gas emissions has been reintroduced in the California State Senate, with the proposed law modeled after an ABA-opposed bill that was narrowly defeated by state lawmakers last year.
Fenergo
Winnow Solutions, LLC
OCC announces loan origination threshold changes
The OCC this week issued a bulletin to inform banks and examiners that the loan origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans has changed due to a recent court decision.
FinCEN issues alert on Russian activity in commercial real estate
The Financial Crimes Enforcement Network this week issued an alert to financial institutions on potential attempts by Russian elites to evade sanctions through the U.S. commercial real estate sector.
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

February 7
Webinar: Surviving a Consent Order: 7 Steps to Build your Internal Audit Strategy

February 9
Webinar: Banking Digital Currency

February 14 - 15
Conference: MDI Partnership Summits
JW Marriott Orlando Grande Lakes, Orlando, FL

February 21
Webinar: Compliance Discussion on Overdrafts and NSF Fees—What Should Banks Do Now?

February 22
Webinar: What’s Your Plan for an Armed Assailant?

March 20 - 23
School: Compliance School – Intermediate
Emory Conference Center, Atlanta, GA

March 20 - 24
School: Compliance School – Foundational
Emory Conference Center, Atlanta, GA

March 20 - April 21
Facilitated Training: Managing the Bank's Investment Portfolio