October 13, 2023

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October 13, 2023

Features

The dangers of mobile remote deposit capture fraud

Bad actors are continually tweaking their strategies in an effort to bypass defense systems.

The value is high to banks of continually adapting their digital toolkits to remain competitive and deliver consistently positive customer experiences.

Banks enhance assessment of cloud services providers as federal agencies increase focus

Federal agencies are tackling the broader cloud infrastructure and security issues impacting financial institutions, but banks will have to deal individually with many of the issues a recent Treasury report identifies.

The FDIC launched a consumer campaign to increase public awareness of deposit insurance, titled "Know Your Risk. Protect Your Money."

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

Risk and Compliance News

CFPB eyes account access, statement fees in new guidance

As part of a broader Biden administration announcement on consumer fees, the CFPB will issue guidance interpreting a statutory requirement for large financial institutions to provide information when requested by consumers.

President Joe Biden has announced a renewed push to eliminate what his administration has branded "junk fees" across several business sectors, including fees charged by larger banks for certain customer services.

Fed’s Bowman: Capital requirements ‘no substitute’ for strong supervision

Policymakers should carefully consider whether a proposed increase in capital standards is efficient and appropriately targeted, as regulatory reform in the banking sector can pose potential financial stability risks if the reforms in question fail to account for the potential consequences, Federal Reserve Governor Michelle Bowman said.

The CFPB plans later this month to release its long-awaited rulemaking to implement Section 1033 of the Dodd-Frank Act, concerning financial data privacy.

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Training

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

October 17
Webinar: Assessing Cybersecurity Risk with the CRI Profile and Cloud Profile

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

October 19
Webinar: A Deeper Dive: Applying the New TPRM Guidance and Recent Enforcement Actions

October 24
Webinar: 2023 Cyber Trends and Claims

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

November 7
Webinar: Tech Innovation and AI – Managing Risk in the Rapidly Evolving Landscape

November 9
Webinar: ESG-Conscious Capitalism: Implications and Strategies for Bankers