ABA Risk and Compliance
 
 
 
 
March 28, 2025
From Trust to Security: TPRM Strategies and Challenges
AuditBoard, Inc®
Strategic management of third-party risk is critical in today’s enterprise IT landscape. Effective data security is not solely an internal matter; it extends to the policies and practices of third-party partners. Enterprises must prioritize gaining clear visibility into how their data is accessed and handled by these partners. Get your free copy of this report to gain valuable insights and strategies to manage third-party risk.
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Features
What does fighting check fraud cost banks? How do banks find success in that struggle? In this episode of the ABA Fraudcast, ABA’s Paul Benda continues to explore the challenges of a metastasizing problem for banks, with his guest Sam Drennen, EVP and COO of First American Bank and Trust in Georgia.
Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius Act in the Senate Banking Committee. On this episode of the ABA Banking Journal Podcast ABA’s Brooke Ybarra and Kirsten Sutton discuss the current policy and technology landscape on stablecoins.
The prices of cryptocurrencies such as bitcoin and ethereum skyrocketed in the month after Donald Trump’s presidential victory, and while they’ve moderated somewhat since then, the clear consensus is that the Trump administration will benefit the crypto industry — and re-open opportunities for banks.
360factors, Inc
Orion
Gen. George Casey shares insights into leading in a "VUCA" world — one marked by volatility, uncertainty, complexity and ambiguity. His words resonated deeply, addressing the challenges of today's risk management professionals.
Credit conditions are expected to weaken modestly over the next six months as businesses and consumers adopt a more cautious outlook amid heightened uncertainty, according to the ABA’s latest Credit Conditions Index.
Ncontracts Launches Nstitute: An Online Training Program to Earn Nstitute Certified Vendor Management Professional (NCVMP) Certification
Ncontracts®
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. 
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Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks for disbursements, including tax refunds, vendor payments, benefit payments and intergovernmental transfers.
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported today. The move follows the Office of the Comptroller of the Currency’s announcement last week that it would no longer use reputational risk in bank examinations and guidance.
Shield Compliance
Protecht Group
The Financial Crimes Enforcement Network has posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to the agency under the Corporate Transparency Act.
Federal Reserve Governor Michelle Bowman today urged the Fed board to reconsider its approach to adverse comments in bank applications, pointing to a recent example of a branch approval that was delayed by months because of a single comment.
Every $1 of fraud loss cost organizations $3.91 on average+
LexisNexis Risk Solutions FL Inc®
Provide risk appropriate customer experiences at onboarding, payment and beyond with our AI-powered solution. Our holistic risk decision engine accelerates time from data to decision, ensuring robust protection and streamlined operations.
+ 2023 LexisNexis® True Cost of Fraud™ Study
Get a customized demo of LexisNexis® ThreatMetrix®.
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