Will D&I requirements change this year? Sep 01st 2021 12:09am on Advocacy, Compliance, Focus, General, Legislation Will D&I requirements change this year? Sep 01st 2021 12:09am on Advocacy, Compliance, Focus, General, Legislation Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory.
What’s a special-purpose credit program? Jul 01st 2021 12:07am on Compliance, Focus, General In an effort to help financial institutions expand access to credit, the CFPB recently addressed regulatory uncertainty around special-purpose credit programs, or SPCPs. These programs are intended to help those who would not otherwise have access to credit.
Chief risk officers on how they manage today’s risks Jun 01st 2021 12:06am on Compliance, Focus, General, General, Leadership The more community banks grow, the more risk they take on. Chief risk officers are the ones behind the scenes making growth possible. Four CROs sound off on their increasingly important role within community banks.
Make sure you’re prepared for personnel issues May 01st 2021 12:05am on Compliance, Focus, General, General, Leadership Like any business, community banks run into scenarios involving disciplining or even letting go of employees due to errors or inappropriate workplace behavior. Here’s what experts say to do in these often difficult situations, while also staying compliant.
How community banks can reach Hispanic customers Apr 01st 2021 12:04am on Compliance, Focus, General, General, Operations & Management Hispanic customers and business owners are vital members of their communities. Here’s how some community banks are reaching this diverse demographic’s unique and varied needs.
Where does your bank get legal advice? Apr 01st 2021 12:04am on Advocacy, Compliance, Focus, General, Regulation & Compliance Community banks are complex organizations with a multitude of liabilities. That’s why having sound legal advice from a firm or general counsel is increasingly necessary. Here’s what to consider when hiring a firm or internal legal professional.
The advertising regulations you need to know Mar 01st 2021 12:03am on Compliance, Education & Events, Focus, General, Marketing Like any business marketing its products and services, a community bank must keep its advertising truthful. There are plenty of regulations specific to financial institutions under the FDIC, CFPB and other regulators.
Fraudsters’ latest target? UI benefits Jan 01st 2021 12:01am on Focus, Fraud/Security, General, Regulation & Compliance, Tech Criminals have stolen more than half a billion dollars by taking advantage of the surge in unemployment claims during the pandemic. Luckily, most of this money has been recovered. Here’s what you should know about this scheme.
What 2021 will mean for the CRA, PPP and more Jan 01st 2021 12:01am on Focus, General, Regulation & Compliance The pandemic may have brought attention away from compliance and regulatory changes, but some of that may return this year. Regulators are weighing reforms regarding the Community Reinvestment Act, Home Mortgage Disclosure Act, Paycheck Protection Program and more.
The year’s compliance challenges you need to know Dec 01st 2020 12:12am on Focus, General, Regulation & Compliance While the Paycheck Protection Program and COVID-19 rightly dominated much of community banks’ attention this year, 2020 still brought some regulatory changes.
