What Happens in New York Doesn't Stay in New York
How does this help your institution? If any of your vendors have clients in New York state, it should easily be able to provide your institution with
3 HMDA Compliance Challenges & How Fair Lending Analytics Provides Answers
With today's HMDA data submission, now is the time to start analyzing your data so that Fair Lending risks don't go unchecked. Here's how Ncontracts can...
Does Vendor Size Matter?
Some institutions try to simplify vendor management by picking the biggest vendor in each category. Going big, however, is not always the safest option.
9 Fair Lending Compliance Training Essentials [Free Checklist]
Training is a critical part of any Fair Lending compliance management program. Here are 9 essentials of Fair Lending training, plus a free checklist!
Western Unions Pays $184 Million for Ignoring Vendor Due Diligence
After failing to conduct adequate due diligence on vendors, incl. background checks and on-site reviews, the $184MM fine may be its biggest transfer yet.
Lessons from the CFPB: Why It’s a Bad Idea for a Banker to Name His Boat Overdraft
A lawsuit against TCF National Bank alleges that it tricked consumers into signing up for costly overdraft services in order to preserve its bottom line.
Are You Connecting the Risk Management Dots?
The OCC’s Semiannual Risk Perspective for Fall 2016 reinforces the agency’s enterprise wide approach to risk management, particularly to vendor management.
Don’t Let Heartbleed Lead to Vendor Management Heartbreak
A new study has found that the Heartbleed Bug remains a serious problem for nearly 200,000 Internet-connected devices raising questions about vendor mgmt.
Documentation is Key: Takeaways from the OCC’s Third-Party Vendor Risk Management Procedures
Ever wish for a list of exactly what an examiner is looking for? When it comes to the OCC and vendor management, your wish has been granted.
After Six Years, Agencies Fine Mortgage Processor $65 Million
It’s bad enough to be hit with a regulatory consent order. Now imagine the expense and public relations nightmare when those proceedings drag on for years.
Are You Delegating These 3 Key Areas of Compliance Yet?
Explore how the most successful compliance officers are delegating and leveraging experts to reduce overwhelm and better manage risk.
Why Inertia Creates Risk
Inertia is one of the greatest forces in the universe. It applies to banking and business and there are costs if inertia goes unchecked.
The Risks of Apple Pay for Banks and Credit Unions
In the race to remain competitive more than1,600 banks and credit unions have joined Apple Pay, probably hoping that some of Apple’s cool will rub off.
DOJ Rings in 2017 with Redlining Actions Against Community Banks
The DOJ welcomed 2017 with Redlining actions directed at three banks. Learn more about those recent actions, plus a few tips for managing your Redlining ri…
Broker-Dealers Need Vendor Management Too
The Financial Industry Regulatory Authority (FINRA) is putting broker-dealers on notice that vendor management of cybersecurity will be a hot topic in 2017
A Quick-and-Dirty Guide to CRA Compliance Exams
CRA compliance is familiar for many institutions. In this post, we'll cover a few things you may not know, and provide some tips for how to prep for a...
RiskTech vs RegTech
Don’t let the label of RegTech trick you into thinking that checking off to-dos on a list of tasks is compliance. Here's more on RiskTech in our article.
Cloudy with a Chance of Data Loss
Perhaps there’s no buzz word more confusing to bankers and credit union executives than the “cloud.” It evokes an ethereal image of data floating safely
10 Most Popular Smart Compliance Blog Posts of 2016
In case you missed any of the most popular blogs of 2016, here they are, rounded up just for you! We've also linked to some of the most popular free resour…
When Natural Disasters Become Customer Relationship Disasters
Customers don’t want to hear that a data center across the country flooded, a cyberattack overwhelmed systems or a piece of equipment failed. In their eyes
Why You Need to Focus on Cybersecurity Risk Now
Rather than lump cyber risk in with other categories, it’s important for banks and credit unions to directly address this risk with their critical vendor
3 Fair Lending Focal Points for the CFPB in 2017
The CFPB recently released their top Fair Lending compliance priorities for 2017. Here they are - and why it matters to you, even if they aren't your regul…
What is Concentration Risk - And What Does My Regulator Have to Say About It?
When most bankers and credit union executives think of concentration risk, they think of lending—but concentration risk has a different meaning whentalking
Compliance Risk - Avoid Vendor Compliance Failures by Properly Assessing Risk
Compliance risk is one of the 10 biggest vendor risks facing FIs—and the reason why FIs need to know the whats, hows and whens of its vendors’
Country Risk - Why It Pays to Choose Domestic Service Providers
Think it’s tricky to keep track of the rules and regulations U.S. regulatory agencies? Imagine following operational requirements of foreign countries.
Planning to Fail or Failing to Plan - Strategic Risk
Strategic risk is the possibility that a company doesn’t make decisions that support its long-term goals. Learn how to avoid these costly decisions.
Are These Top 3 Compliance Priorities for 2017 on Your List?
2016 is coming to a close, and 2017 preparations are in full swing. Read this blog to learn 3 top compliance priorities for next year. Are they on your lis…
Assess Vendor Reputation Risk - Before You Have to Rebuild Yours
Ben Franklin once wrote that “Glass, china and reputation are easily cracked, and never well mended.” Reputation risk can be mitigated through these steps
Operational Risk - Foreseeing the Unforeseen Costs of Outsourcing
Operational risk is the risk of financial loss when processes, people or systems fail. It can hurt a financial institution in many ways, including these...
Credit Risk - You’ll Take the Blame If Your Vendor Doesn’t Have the Credit
See the definition of credit risk.