Fraudsters’ latest target? UI benefits Jan 01st 2021 12:01am on Focus, Fraud, General, Regulation & Compliance, Security, Technology Fraudsters’ latest target? UI benefits Jan 01st 2021 12:01am on Focus, Fraud, General, Regulation & Compliance, Security, Technology 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.
From redlining to modernization: A CRA overview Nov 01st 2020 12:11am on Advocacy & Policy, Focus, General, Regulation & Compliance, Regulation / Compliance 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 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.
How data analytics is boosting regtech’s potential Oct 01st 2020 12:10am on Focus, Regulation & Compliance, Technology 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 Oct 01st 2020 12:10am on Commercial/Business, Consumer, Focus, Regulation & Compliance 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 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.
Is your bank protected from third-party risks? Sep 01st 2020 12:09am on Focus, Regulation & Compliance, Technology 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.
