ABA Risk and Compliance
 
 
 
 
January 22, 2021
Features
Building a robust fair lending program and demonstrating compliance is not easy, but merely avoiding unlawful credit discrimination doesn’t need to be the ultimate goal. Here are ways for compliance professionals to promote equity and financial inclusion.
Today’s fast-moving challenges for banks require modern data management, connectivity and analytics.
Asurity Technologies
Western Union Business Solutions
WHY YOUR BANK NEEDS A CMS
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Regulators have been emphasizing the importance of a strong and effective Compliance Management System. This whitepaper will walk you through the basics of a CMS while offering practical advice on how to ensure your CMS supports your strategic goals.Takeaways include:
·A primer on CMS requirements
·4 key elements to prioritize when designing or updating a CMS
·7 CMS features that should align with your bank’s goal and structure
·Examples of failed CMSs and compliance controls
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Risk and Compliance News
The federal banking agencies have issued a set of frequently asked questions providing clarity about suspicious activity reporting and other anti-money laundering issues.
The Federal Housing Finance Agency issued a request for input seeking feedback on how climate change and natural disasters could pose risks to the housing finance system, Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
The Consumer Financial Protection Bureau recently finalized a rule exempting certain higher-priced mortgage loans from a requirement under Regulation Z to establish escrow accounts for those loans, as required by the S. 2155 regulatory reform law.
What’s top of mind for community bank risk managers in 2021? Kristina Schaefer provides an overview of what’s on her radar screen as chief risk officer and general counsel at First Bank and Trust.
DXPs provide a proven path to consistent, relevant messaging to consumers that also positively impacts the bottom line.
Fusion Risk Management, Inc.
FileInvite
The Federal Reserve has finalized a rule making changes to its capital planning requirements that apply to large bank holding companies and U.S. intermediate holding companies of foreign banking organizations. The changes conform the capital planning requirements with the 2019 tailored regulatory framework.
The FDIC, OCC, Consumer Financial Protection Bureau and the National Credit Union Administration each issued final rules codifying that regulatory guidance does not have the force and effect of law, granting much of a joint petition filed by ABA and the Bank Policy Institute that sought a formal rulemaking to ensure that banking organizations would not need to rely on a 2018 interagency statement to clarify the role of guidance.
The OCC finalized a controversial proposal stating that banks should provide access to services, capital and credit based on their risk assessment of individual customers and not make broad-based decisions that affect whole categories or classes of customers.
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Training

January 25 - February 26
Facilitated Training: Managing Funding, Liquidity and Capital

February 2
Webinar: Rediscover Venture Capital under the Volcker Rule Exclusion

March 17 - 26
Virtual School: Compliance School - Intermediate

March 22 - April 23
Facilitated Training: Managing the Bank's Investment Portfolio

March 23 - 25
Virtual Conference: ABA Risk 2021
Registration Now Open

April 7 - 21
Virtual School: Compliance School - Foundational

April 12 - June 4
Facilitated Training: Managing Interest Rate Risk