July 7, 2023

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July 7, 2023

Features

A full-spectrum view of risk management and compliance

ABA Risk and Compliance magazine reflects a significant shift in the way banks approach risk management and compliance, as well as our commitment to keeping you informed about the latest developments in this critical field.

What can compliance and risk management professionals do at this critical juncture to ensure that their institutions are able to weather this latest perfect storm?

Conversion experiences

Some bankers would rather get a root canal than do a core conversion. Here’s why others are finding the conversion option attractive.

Powell sees lessons learned from recent bank closures

The recent bank runs and failures were "painful reminders" that there is no way to predict all of the stresses that come with time and chance, so regulators and policymakers must not grow complacent about the financial system’s resilience, Federal Reserve Chairman Jerome Powell said.

A practical guide to preparing for the Section 1071 small business lending data collection.

Banks turn passively loyal customers into brand advocates by investing in the proper data foundation to personalize the customer experience.

Ncontracts, launched an online training program “Nstitute Certified Vendor Management Professional (NCVMP)" certification based on the new interagency guidance on 3rd party risk management. Nstitute is a self-paced, training program that covers essential areas of third-party risk management to empower vendor managers and professionals tasked with overseeing third-party vendors, consultants, fintechs, and others. Ncontracts is currently offering an exclusive 30% discount.

Learn More

ABA urges CFPB to scrap ‘abusiveness’ statement as drafted

ABA has called for substantial revisions to the CFPB’s recently proposed guidance on the "abusiveness" standard as defined by the Consumer Financial Protection Act.

The CFPB has expanded its expertise in data science and analytics to identify fair lending violations as technologies such as artificial intelligence are more widely used in financial products, the agency said in its annual fair lending report to Congress.

ABA suggests changes to Nacha proposals on credit, debt risk management

ABA offered feedback on Nacha’s recent proposal to amend nine of its operating rules on credit risk and debit risk management.

The Financial Action Task Force — an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF) — has updated its lists of jurisdictions with strategic AML/CFT/CPF deficiencies.

Get ready to unlock exclusive insights into the ever-evolving world of cybersecurity! Our 11th annual "Experian 2024 Data Breach Industry Forecast" is here, offering a tantalizing glimpse into the future. With six pivotal predictions that will reshape the cybersecurity landscape, this report is a must-read for data breach professionals, cyber experts, and industry leaders.

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Training

July 19
Webinar: Regulatory Updates and Compliance Challenges in 2023 — Part 3

July 25
Webinar: The Deposit Difference

July 26
Webinar: Customer Complaints: Spotting Fraud Trends

July 31 - August 3
School: Risk Management School – Advanced
Hyatt Regency Reston, Reston, VA

July 31 - August 4
School: Risk Management School – Foundational
Hyatt Regency Reston, Reston, VA

July 31 - September 1
Facilitated Training: Managing the Bank's Investment Portfolio

August 17
Webinar: Techniques for Building a Powerful Fraud Network

October 16 -20
School: Compliance School – Advanced
Emory Conference Center, Atlanta, GA