ABA Risk and Compliance
 
 
 
 
February 4, 2022
Features
The Post-Pandemic Fraud War: How to Play Offense
It’s no secret that fraud has increased during the COVID-19 pandemic, and it is becoming more frequent and harder to detect. I
Incoming: Flood Insurance Premium Changes from Risk Rating 2.0
Risk Rating 2.0 is likely to affect borrowers who have not previously seen large increases in their flood insurance premiums.
Asurity Technologies
International Monetary Fund
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
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Risk and Compliance News
OCC Seeks Feedback on Large Bank Recovery Planning Guidelines
The OCC is seeking comments on the renewal of its guidelines establishing standards for recovery planning by certain large banks.
ABA Urges Transition to SIP Codes 607 and 608 for Notification of Blocked Calls
ABA and eight other industry trade groups urged the Federal Communications Commission to require telephone companies that block calls to transition to using Session Initiation Protocol Codes 607 and 608 to provide immediate notification to the bank or other caller when it blocks the call.
FinCEN Proposes SAR Information Sharing Pilot Program
The Financial Crimes Enforcement Network issued a notice of proposed rulemaking to establish a pilot program for financial institutions to share suspicious activity reports with their foreign branches, subsidiaries and affiliates.
Regtech: The Newest Stage of Risk Management Technology
Well-designed solutions that incorporate these advanced technologies can help address longstanding challenges in risk operations, but the regtech journey requires careful evaluation of perhaps hundreds of regtech startups.
Abrigo
A10 Networks, Inc
CFPB Probes for Information on Financial Product Fees in 'Misguided' RFI
The CFPB issued a request for information seeking comments on fees associated with financial products and services offered by banks and non-bank financial institutions, including overdraft fees, insufficient funds fees, credit card fees, remittance fees, prepaid account fees and mortgage fees, among others. Comments on the RFI will be due March 31.
SEC Reopens Comment Period for Executive Compensation Disclosure Requirements
The Securities and Exchange Commission today reopened a comment period on a proposed rule requiring new disclosures concerning companies’ executive compensation.
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
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Training

February 9
Webinar: New Frontiers in Combating Redlining

February 23
Webinar: New Legal Frontiers in Whistleblowing

March 21 - April 22
Facilitated Training: Managing the Bank's Investment Portfolio

March 23 - April 6
Virtual School: Compliance School - Foundational

March 29 - 31
Virtual Conference: Risk 2022