How community banks can reach Hispanic customers Apr 01st 2021 12:04am on Compliance, Focus, General, General, Operations & Management 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.
How the pandemic is affecting risk management Nov 01st 2020 12:11am on Focus, General, Regulation & Compliance 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.
3 banks investing in communities under the CRA Oct 01st 2020 12:10am on Banks, General, Industry Insight, Regulation & Compliance, slide 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 Oct 01st 2020 12:10am on Focus, General, Regulation & Compliance 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.
What you can do now to prepare for CECL Apr 01st 2020 12:04am on General, General, Operations & Management, Regulation & Compliance, slide Community banks won’t have to implement current expected credit losses, or CECL, standards until 2023, but it’s never too early to start getting ready. Here’s what industry experts say you should know about preparing for CECL. By Kelly Pike Many community banks have been granted a reprieve from implementing current expected credit losses (CECL) accounting […]
