ABA Risk and Compliance
 
 
 
 
August 6, 2021
Features
A Model Transition? Surveying Banks’ Post-Libor Rate Choices
As the Libor endgame continues to count down, what rates are America’s large and midsize banks planning to adopt to update their risk models?
Asurity Technologies
Western Union Business Solutions
WHY YOUR BANK NEEDS A CMS
Ncontracts
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
CLICK HERE TO DOWNLOAD AND LEARN ABOUT OUR CMS SOFTWARE
Advertisement
 
Risk and Compliance News
OCC’s Hsu Says CRA Modernization on ‘Aggressive Timeline’
In testimony before the Senate Banking Committee, Acting Comptroller of the Currency Michael Hsu said that the OCC has aggressive internal timelines for working with the Federal Reserve and FDIC to put forward a joint rulemaking that strengthens and modernizes the Community Reinvestment Act.
ABA Opposes Some Proposed Changes to Fed’s Payment System Risk Policy
ABA expressed opposition to several proposed changes to the Federal Reserve’s payment system risk policy. In a letter to the Fed, ABA raised concerns over parts of the proposal that would provide benefits to participants in FedNow—the real-time payments network the Fed is developing and expects to launch in 2023—over financial institutions that choose not to adopt it.
What Banks Can Learn from the IFC’s Approach to ESG
Understanding multiple existing ESG frameworks and their applications can guide banks toward the path of developing their own distinct methodologies and practices.
Abrigo
A10 Networks, Inc
OCC Issues Supplemental Exam Procedures on Remittance Transfers
The OCC has issued supplemental exam procedures on remittance transfers.
CFPB: No Extension for Effective Date of Debt Collection Final Rules
The Consumer Financial Protection Bureau said it would not delay the effective date of two final rules issued under the Fair Debt Collection Practices Act, which governs the activity of third-party debt collectors. The rules will take effect as planned on Nov. 30. The CFPB in April had proposed to delay the rules’ effective date until Jan. 29, 2022, but the CFPB said it "has now determined that such an extension is unnecessary," and will formally withdraw the extension proposal.
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
Advertisement
 
Training

August 17
Webinar: Managing Compliance Under Pressure

August 17 - 27
Virtual School: Risk Management School – Advanced

August 25
Webinar: Compliance Management for First-Line Operations

September 29
Webinar: Best Practices for Monitoring Servicing Performance

October 18-22
School: Compliance School – Foundational
Emory Conference Center Hotel, Atlanta

October 18-22
School: Compliance School – Advanced
Emory Conference Center Hotel, Atlanta

December 1-3
Conference: ABA/ABA Financial Crimes Enforcement Conference
Gaylord National Resort and Convention Center, National Harbor, MD