Are You Making Risk Management Decisions with Your Heart or Your Head?
Whether we want to accept it or not, every person carries her own background and experiences into risk management decisions.
Educational Redlining Report Raises Questions About Fair Lending
Imagine a 24-year-old analyst applying to refinance a $30,000 student loan. He lives in New York City, makes $50,000 a year, and has held his job...
How Lincoln Reduced Financial Risk with the Creation of a National Banking System
Let’s take a minute to reflect on the amazing accomplishment that is our national banking system and the ways it reduced financial risk.
CFPB Offers New Category of Guidance with “Compliance Aids”
The Consumer Financial Protection Bureau (CFPB) has historically provided an array of compliance resources including, compliance...
6 BCP Lessons Learned When Ncontracts Shut Down Its HQ for the Day
Ensuring smooth operations, even when your main office is inoperable or unreachable, is a cornerstone of business continuity management.
Wells Fargo Settles Philadelphia Fair Lending Suit for $10 Million
Regulatory fair lending enforcement actions have been quiet lately, but that doesn’t mean there aren’t consequences for alleged violations.
The #1 Obstacle Between Your FI and Strategic Success
The biggest obstacle to strategic success is failing to understand risk.
Gryphon Investors Acquires Ncontracts, A Leader in Integrated Risk Management Software for the Financial Industry
Gryphon Investors Acquires Ncontracts, A Leader in Integrated Risk Management Software for the Financial Industry
Are Vendors Your Biggest Obstacle to Fintech Adoption? It Might Not Be Their Fault
Once your FI has laid out its strategic goals, it needs to know if a vendor will have the products and services it needs to accomplish them.
Tips for Prepping Commercial Lenders for Fair Lending Changes Ahead
Commercial lenders have a reputation for thinking they don’t need to worry about compliance and fair lending.
Heightened Cybersecurity Risk – Is Your FI Prepared?
Cybersecurity is always a top concern for financial institutions, but now supervisory agencies are warning financial institutions that cyberattacks are an
How Many Complaints Did Your Institution Get Last Year?
Consumer complaints are a part of doing business.
What Will NCUA Examiners Be Looking at in 2020?
The NCUA’s 2020 Supervisory Priorities are published—and they are giving us a first look at the areas where NCUA will focus its examination efforts this
When Customers Invite Third-Party Risk
In a world where consumers are often willing to trade privacy for convenience, even banking passwords are no longer sacrosanct.
Fourth-Party Risk: What Your Institution Has in Common with a Presidential Campaign
Fourth-party risk is the risk created when a third-party vendor subcontracts to another vendor. Good vendor management is essential for limiting this
Fintech Risk Management & the Fed
Which financial institutions do the best job managing fintech relationships? See what the Fed has to say about fintech risk management.
Fed Strategies for Managing Fair Lending Risks of Digital Redlining
The Community Reinvestment Act (CRA), the OCC and the FDIC finally released their proposed rulemaking for the regulation’s first overhaul in 25 years.
FDIC & OCC Release CRA Notice of Proposed Rule Making
The OCC and the Federal Deposit Insurance Corp (FDIC) finally released their notice of proposed rulemaking for the regulation’s first overhaul in 25 years
Three Banking Trends that Fizzled—And One That Stands the Test of Time
As we prepare for a new decade, let's take a stroll down memory lane to look at a few banking trends from the last 20 years that have lost their luster.
Ncontracts Recognized as a Challenger in the Gartner Magic Quadrant for IT Vendor Risk Management Tools
Ncontracts announced that it has been positioned by Gartner, Inc. in the Challengers quadrant of the Magic Quadrant for IT Vendor Risk Management Tools
OCC: Lack of Risk Management Leads to Enforcement Actions
Lack of appropriate governance, oversight, and risk management systems and controls are the leading cause of enforcement actions according to the OCC.
Is HMDA for Small Business on Its Way?
Regulatory agencies have been emphasizing the importance of a strong and effective CMS. Find out four ways to streamline your CMS.
A Regulator's Holiday Wish List for the Year Ahead
We’ve been taking notes at industry conferences/meetings and know exactly what a federal regulator is hoping you’ll get them this year.
How to Control the Financial Risk of a Data Breach
How much does a data breach cost? Understanding the costs can help your financial institution mitigate the financial risks of a data breach.
Compliance Managed: Four Ways to Streamline a CMS
Regulatory agencies have been emphasizing the importance of a strong and effective CMS, they’ve given financial institutions a lot of flexibility in...
The Difference Between Data Privacy and Security
Data privacy and security has been getting a lot of press as the industry looks ahead to when the new consumer privacy law takes effect January 1.
NCUA: HMDA Violations Thrive in Weak CMSs
Why do Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) violations happen? Weaknesses in compliance management...
Don’t Fear Artificial Intelligence: A Primer for AI in Risk & Compliance Management (Part 1)
Does the phrase “AI in risk and compliance management" conjure up images of robots taking over the world—or worse yet, replacing
Fair Lending Risk: Do You Have a Seat at the Risk Management Table?
Your institution uses compliance analytics software and services for fair lending, HMDA, CRA, and redlining so that it can recognize risks, increase...
What Does the OCC Look for in a CMS?
The OCC wants banks it regulates to “develop and maintain an effective CMS that is appropriate for the size, complexity & risk profile of its operations.”