Regulatory Brief for May 2023
1071, enforcement actions, and the consequences of “persistent weaknesses”
Third-Party Service Providers and Vendor Management: What Banks Need to Know About New Guidance
New third-party service provider (TPSP) vendor management guidance for banks from the OCC, FDIC and Fed
Ncontracts Congratulates David Hales, Chairman and CEO of Global Innovations Bank, For Being Named an Innovator of the Year Finalist by American Banker
Ncontracts today congratulates Dave Hales, Chairman and CEO of Global Innovations Bank, for his selection as a finalist for American Banker’s Innovator of…
Key Risk Indicators for Banks, Credit Unions and Other Financial Institutions
Improve your operations at ease. Here're the top examples of key risk indicators (KRIs) for banks to improve risk management.
Ncontracts and CBANC Release New Report: “The State of GRC: How Financial Institutions Are Navigating Today’s Risk and Compliance Challenges”
New report reveals latest risk and compliance trends, and provides valuable insights to guide financial institutions in their decision-making processes.
Expert Q&A: What You Need to Know Before Software Implementation
Software implementation sets the stage for success. Here are key factors financial institutions should consider for risk management and compliance software
GRC Satisfaction Levels Revealed: Is Your FI Leading or Lagging?
GRC survey reveal banks and credit union GRC trends, strategies, staffing, and exam experiences, including compliance trends and risk management trends
Compliance Strategy: Does Your Policy Need a Tune-Up?
Signs your financial institution’s policy may be due for a tune-up and other big-picture policy management issues related to your regulatory compliance pla…
Section 1071 Data Collection: What Is “Reasonably Designed?”
Ncontracts answers your questions about reasonably designed procedures for Section 1071 small business data collection procedures and timing
Artificial Intelligence (AI) and Risk Management Controls: How to Protect Your Financial Institution
How to build an AI risk management control environment at banks, credit unions, mortgage companies and fintechs. Ncontracts can help with that.
What Is an API and How Can It Help My Financial Institution?
A Finance API FAQ that helps banks, credit unions and other financial institutions understand API’s benefits and use cases.
Changing Census Tracts and the Impact on Your Fair Lending Analysis
Changes to census tracts from the 2020 census can impact your Community Reinvestment Act (CRA), redlining, and other fair lending analytics.
Consumer Fair Lending Analysis - What's in a Name?
Examiners are conducting Fair Lending comparative analysis using “surrogates” to assign gender and ethnicity.
Expert Q&A: How to Assess Vendor’s Data Recovery Capabilities
Data recovery advice for financial institutions outsourcing to third parties and how to manage these vendors
Risk Management Controls in Banking
Risk management controls intimidate many bankers, but they are easier to understand and implement than you think. Find out the different types and uses.
Regulatory Update for March 2023: Final 1071 Rule, SVB's Failure, and Junk Fees
March 2023 was a whirlwind of regulatory compliance news for financial institutions, including the CFPB’s final rule for Section 1071 of the Dodd-Frank Act…
Regulatory Update April 2023: 1071 support, zombie mortgages, and a $30 million Wells Fargo settlement
Regulatory updates for April 2023 include 1071 support, zombie mortgages, and a $30 million Wells Fargo settlement.
What Is Compliance Risk Management?
Compliance risk management, especially when implemented with software, protects financial institutions from financial penalties and reputational risk
Are You an Aggressive Risk Taker? The Answer Might Surprise You
Ignoring risk management is aggressively risky. If you don't engage in risk management, you don't know your financial institution's risk exposure.
Expert Q&A: How to Build a Risk Assessment
Advice for building a risk assessment from a former bank risk officer
Redlining Enforcement in 2023 Already Cost Banks $40 million
Redlining enforcement is heating up. Here are best practices to avoid and correct unintentional redlining.
How Community Bankers Demonstrate Resilience
Resilience and calm win the day for community bankers responding to SVB’s failure
Third-Party Provider Data Breaches: 3 Lessons Learned
Tips for managing and mitigating third-party data breaches at financial institutions
Regulatory Brief for February 2023: Court cases, RESPA and Junk Fees
Stay updated on financial regulations with expert analysis from attorneys and compliance professionals, including insights on the CFPB.
How to Tell Your HMDA Data Story
HMDA data story best practices – everything from data collection and analysis to board reporting
Regulatory Update March 2023: Unveiling Section 1071, Tackling Junk Fees, HUD Highlights & More
Section 1071 final rule, Biden's fight against junk fees, HUD news, appraisal discrimination, and more financial insights.
Can ChatGPT Help Your Compliance Department? Not Yet.
From inaccuracies to straight-up misinformation, ChatGPT can lead your compliance department astray.
1071 Update: Q&A with a Reg Expert
Ncontracts 1071 expert answers frequently asked questions (FAQ) about 1071 (commercial HMDA)
How to Conduct a Root Cause Analysis
Step-by-step guide to conducting a root cause analysis to identify and correct the source of compliance violations
Are You Giving Employees What They Want? (And Other Conference Takeaways)
Employees want to be treated with empathy and integrity—or they’ll leave