3 Types of Vendor Monitoring
How do you know whether your vendors are actually doing what they say they are doing? It comes down to three key types of vendor monitoring...
Coming to a GSE Near You: Better Third-Party Risk Management via FHFA Guidance
If you’ve been holding off on formalizing your approach to vendor management, this is another sign that you need to get on board.
Sharing BSA Resources with Another Institution? Third-Party Vendor Management Rules Apply
Regulators have given financial institutions a green light for sharing BSA resources in some situations, but proper third-party vendor management practices
Monkey Business: What Two Gambling Monkeys Can Teach Us About Risk
Did you hear about the monkey gambling for drops of juice in a casino? It’s an actual experiment that gives us insights into risk and decision making...
Ammo for the Budget Battle: How Risk Management Delivers ROI
Need help communicating return on investment (ROI) for risk management software? Here are arguments to help make the case to management and the board
How to Build a Better Bank Budget in 7 Steps
Whether you're leading a department or an entire financial institution, you'll learn valuable tips for how to create a budget. Plus...
OCC: Cybersecurity, Commercial/Retail Credit & BSA Will Be 2019’s Top Supervisory Priorities
Risk and cybersecurity remain top supervisory priorities at the OCC for a second year in a row, the agency reports in its latest supervision operating plan
7 Things You Need to Know Before Buying Cybersecurity Insurance
Cybersecurity insurance doesn’t always cover your institution the way you expect. Consider these 7 things before you buy...
Everything You Need to Know about Fair Lending Regression Analysis
Fair Lending Regression Analysis is useful for much more than just HMDA. Here are the answers to 9 essential questions about...
FDIC Proposes Retiring Half Its Risk Management FILs—But Don’t Get Too Excited
It sounds like every banker’s dream come true. The FDIC has proposed retiring 374 of the 664 risk management supervision-related Financial Institution
Laws vs. Regulations vs. Guidance: What's the Difference?
What's the difference between laws vs. regulations vs. guidance? We're breaking it down into a simple explanation in this blog.
Do You Qualify for the HMDA Small Filer Exemption?
If HMDA compliance is a priority for you, you need to know the details of the CFPB's HMDA Small Filer partial exemption...
Free Your Inner Luddite & Find Risk Management Peace
If you think of yourself as a risk management Luddite, consider this fresh perspective. It will make your job easier if you’ll let it.
5 Fun Ways to Celebrate the Fair Housing Act's 50th Birthday
One of the most fundamental regulations to today's compliance landscape is the Fair Housing Act. As this landmark legislation turns 50, here...
Discovering a Vendor Data Mistake: A Lesson from the Fiserv Flaw
Have you ever swapped out a number or letter in a URL to skip to another page? Cybersecurity researcher and ethical hacker, Kristian Erik
Poor Vendor Risk Management Costs Bank $4.75 Million
Compared to other agencies, the Fed hasn’t handed down very many enforcement actions for unfair and deceptive practices violating the FTC Act. Why then is
How to Set Up a Risk Committee
The risk committee helps ensure that management and the board understand each other. Here're tips on setting up a risk management committee.
5 Lessons from HUD's "Digital Redlining" Complaint Against Facebook
Last week, the Department of Housing and Urban Development announced a formal complaint against Facebook for alleged digital...
Risk Assessments 101: The Role of Probability & Impact in Measuring Risk
Risk assessment methodology for banks aren’t nearly as subjective as they may seem. Here, we walk you through exactly what you need to evaluate.
Which Risk Manager Would You Hire? Game of Thrones Edition
While we wait for next year’s final episodes, get your GoT fix with this hypothetical exercise in risk management hiring...
Breaking: OCC Says Multiple CRA Downgrades for Discrimination Still Possible
If you're regulated by the OCC, you need to understand the updates to their policies on CRA ratings downgrades as a result of evidence of discrimination.
Regulators Release 4 Valuable Warnings on Redlining Risk
In last month's bulletin from the Federal Reserve, the regulators released 4 warnings about Redlining risk management. You won't want to miss these valuabl…
5 Features Every Vendor Management Software Solution Should Have
Here are the top five features to look for when selecting a vendor management software solution...
FS-ISAC Offers Free Cyberattack Exercise
When was the last time your incident response team practiced its response to a cyberattack? If it’s been awhile, you may want to look into the CAPS
11 Powerful Headlines Showcase the Media's Focus on Redlining
In the compliance world, Redlining remains a primary area of focus. Regulatory agencies, no matter their politics or priorities, agree that Redlining...
Is Your Third-Party Vendor Contract Specific Enough When It Comes to Cybersecurity?
If you’re assuming your third-party service provider is following cybersecurity best practices because it’s smart business, think again...
Is Your Compliance Program Reactionary or Proactive?
Is your compliance management program reactionary, or is it proactive? In this post, you'll learn why compliance is still critically important, and...
How Confident Is Your CFO When It Comes to Managing Risk?
When it comes to managing risk, many CFOs are not highly confident in their abilities to get the job done well. Here's 3 reasons why:
Examining the Examiner: What the OIG Has to Say About the FDIC
Your regulator may seem like an all-powerful force, but everyone answers to somebody. In the case of the FDIC it’s the (OIG)
$30,000 Fair Lending Settlement Highlights Power of Community Groups
A recent Fair Lending settlement with a $1B New York-based credit union highlights the importance of a strong Fair Lending compliance risk management...