Game plan for a winning audit

Are your compliance best practices in shape? From internal to external auditing, managerial oversight and proper assessment prep, these expert tips can help community banks prepare for audit season.

9 ways to manage credit risk

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. These experts share nine tips and credit risk best practices to offer stability in an ever-changing market.

Using SPCPs to target prospective loan borrowers

Last year, HUD officials announced that special purpose credit programs—through which creditors can lend to financially underserved populations—conform to federal law when certain guidelines are met. How can community banks best use SPCPs to target prospective loan borrowers?

How banks can tighten up their overdraft practices

A pair of recent reports by the Consumer Financial Protection Bureau warns against banks abusing their overdraft practices beyond what’s lawful. Here’s how the CFPB is cracking down and what community banks can do to maintain overdraft oversight.

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UDAAP policy update for 2022

With a recent executive push for the Consumer Financial Protection Bureau to resume its enforcement efforts, we look at how banks can increase prevention, mitigate risk and, most important, maintain compliance against potential UDAAP violations.

Now is the time to prepare for the FedNow launch

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare.

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Compliance changes coming this year

Driven by uncertainty around the pandemic, few compliance reforms were realized in 2021. This year, regulators are considering reforms centered on the Community Reinvestment Act, the Fair Housing Act and more.

How did compliance change in 2021?

This year has largely been a quiet time for regulatory and compliance reform. But while community banks were focused on the economic recovery of their communities, a few changes came during 2021.

Are banks taking advantage of the CECL extension?

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation.