August 18, 2023

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August 18, 2023

Features

What banks can learn from new research about social media-fueled bank runs — and why what banks do best may just be their secret weapon.

The average balance on U.S. bankcards has grown over the past year, as has the pace of customers entering delinquency, according to a new report by credit scoring services firm FICO.

Four steps to better data management

By treating data as a product, banks can maintain its quality, utility and relevance.

The banking industry demonstrated resilience despite weaker economic conditions, sharply higher interest rates, high inflation and financial market stress in early 2023, the FDIC concluded in its 2023 Risk Review of the banking sector.

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

FinCEN issues warning about construction industry tax evasion, insurance fraud

The Financial Crimes Enforcement Network and IRS Criminal Investigation issued a notice to financial institutions to call attention to a "concerning increase" in state and federal payroll tax evasion and workers’ compensation insurance fraud in the residential and commercial real estate construction industries.

ABA members have until Sept. 20 to submit comments to the Financial Standards Accounting Board on proposed changes to its accounting standards for purchased financial assets, as opposed to the 60-day comment period FASB originally proposed.

Gruenberg: Agencies to propose new requirements for large regional banks

Federal banking regulators will soon propose a long-term debt requirement for banks with more than $100 billion in total assets, a decision influenced by the recent bank failures, FDIC Chairman Martin Gruenberg said.

ABA and eight financial trade associations expressed support for the Federal Communications Commission’s latest series of proposals to stop bad actors from placing outbound calls that impersonate banks and other businesses.

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

August 29
Webinar: #BanksNeverAskThat – Everything You Need to Know

August 30
Webinar: ABA’s Guide to Section 1071 – A Quick Recap and a Deeper Dive

September 11 - October 27
Facilitated Training: Analyzing Bank Performance

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

October 18
Webinar: Regulatory Updates and Compliance Challenges in 2023 — Part 4

October 19
Conference: MDI Partnership Summit
Washington, DC

October 25
Webinar: Exploring the Financial Crime Risks and Landscape in Cannabis Banking

October 30 - November 15
Virtual School: Compliance School – Foundational

October 30 - January 5, 2024
Facilitated Training: Managing Interest Rate Risk