While the Paycheck Protection Program and COVID-19 rightly dominated much of community banks’ attention this year, 2020 still brought some regulatory changes.
Category: Regulation & Compliance
From redlining to modernization: A CRA overview
The Community Reinvestment Act was designed to stop redlining, the impact of which is still felt in metro areas today. We look at the past and current CRA, including upcoming revisions from regulators.
How the pandemic is affecting risk management
Because of the pandemic, experts say stress testing loan portfolios is more important than ever. But COVID-19 has changed risk management, and regulators are making accommodations amid the crisis.
How data analytics is boosting regtech’s potential
Facing pressure from increasing regulation, community banks are increasingly able to use data analytics and ever-evolving regtech to make their compliance automation more effective.
What commercial lenders can learn from consumer loans
Making sure your community bank’s commercial loans are compliant may mean borrowing strategies from the world of consumer loans.
3 banks investing in communities under the CRA
Many community banks invest in low- and moderate-income neighborhoods to make lasting impacts while also getting Community Reinvestment Act, or CRA, credit. This work to aid and rebuild communities is the direct result of the close ties community banks develop with the people they serve. Here’s how three community banks are making powerful investments under the CRA.
Why diversity and inclusion matters to regulators
This year, many businesses have prioritized diversity and inclusion. But what are regulatory agencies doing to track and enforce diversity and inclusion (D&I) in the financial industry? Here’s what community banks should consider from a compliance perspective.
Is your bank protected from third-party risks?
Like most businesses, community banks are leveraging more and more on vendors and other third parties. But these companies come with risk attached. Managing third-party risk means being diligent before, during and after a contract or relationship has run its course.
Joel Williquette: COVID-19 exam concerns
ICBA is engaging regulators so that examiners will recognize the extraordinary circumstances of COVID-19 come exam time.
3 ways to improve your customers’ overdraft experience
SPONSORED | Make sure your customers have a 5 star overdraft experience.
Customers shouldn’t have to worry about whether their transaction will be covered. A reliable overdraft service should be easy to understand and easy to access. Here are 3 ways to ensure successful outcomes and improve overall growth for your bank.