Three steps to CECL compliance May 01st 2018 12:05am on Compliance Corner, Departments & Columns, Focus, General, Regulation & Compliance Three steps to CECL compliance May 01st 2018 12:05am on Compliance Corner, Departments & Columns, Focus, General, Regulation & Compliance Deadlines to implement the Current Expected Credit Loss (CECL) standard begin for some banks in 2020. While preparations can be daunting, accountants and community bankers alike say following certain steps can make the process more manageable.
How to make compliance management work for you May 01st 2018 12:05am on Compliance Corner, Departments & Columns, Focus, General, Regulation & Compliance Compliance keeping is the regulatory sister to housekeeping. What are the key elements to keeping compliance, and what must community banks do to manage it effectively?
How could regtech ease the compliance burden? Apr 02nd 2018 12:04am on Compliance Corner, Departments & Columns, Focus, General, Regulation / Compliance Community banks are increasingly turning to regulatory technology to help them be more efficient and effective in their compliance efforts. By Karen Epper Hoffman With the industry abuzz about all things fintech, it can be easy to forget that technology is being applied to support and streamline banking efforts in compliance as well as retail…
Two approaches to overdrawn accounts Apr 02nd 2018 12:04am on Compliance Corner, Departments & Columns, Focus, General, Regulation & Compliance What community bankers should know about overdraft and sweep account rules. By Mary Thorson Wright When a customer makes a transaction that overdraws their bank deposit account without a corresponding overdraft plan, they are, in essence, asking the bank for an unsecured loan. Community banks can and do return overdrawn payments—a practice that can be…
How compliance software helps stop criminals in their tracks Oct 31st 2017 12:10am on Compliance Corner, Departments & Columns, General, Regulation & Compliance, slide Criminals view community banks as easier targets for their money-laundering activities. What are the warning signs, and how can community banks protect themselves?
Tips for solid HMDA data collection and reporting Sep 29th 2017 12:09am on Compliance Corner, Departments & Columns, General, Regulation & Compliance, slide Community banks will feel the full weight of the HMDA Rule on New Year’s Day. Ensuring internal controls for data collection and reporting are solid now is the key to staying ahead.
Start accounting for CECL Jul 31st 2017 12:07am on Compliance Corner, Departments & Columns, Focus, General, Regulation & Compliance, Sponsored Content The Current Expected Credit Loss accounting standard doesn’t kick in until 2021 for most community banks, but that doesn’t mean you can’t start preparing today.
Managing customer complaints Jun 29th 2017 12:06am on Compliance Corner, Departments & Columns, Focus Actively tracking, reporting and managing complaints offers benefits not only in terms of compliance, but also for a bank’s reputation and bottom line.
Your guide to upcoming compliance deadlines May 30th 2017 12:05am on Compliance Corner, Departments & Columns, General, Regulation & Compliance, slide Complying with regulations can seem daunting, so it pays to have a clear view of the upcoming regulations that may affect your community bank.
FinCEN’s expanded customer due diligence requirements—in plain English Apr 28th 2017 12:04am on Compliance Corner, Departments & Columns, Regulation & Compliance, slide
