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.
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.
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.
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
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.”
What Does the Federal Reserve Look for in a CMS?
The Federal Reserve's CMS approach is based on two primary parameters: board & management oversight and the compliance program.
Risk Management Aids Prep for Risk-Focused Exams
Risk management helps financial institutions anticipate and guard against all kinds of risks. But did you know it can also help prepare for exams?
A Risk Assessor Origin Story Courtesy of Stephen King’s IT
Movies are chockfull of superhero origin stories, but what about us regular risk management folks?
Ncontracts Promotes Stephanie Lyon to VP of Compliance
Ncontracts announced that it has promoted Stephanie Lyon to VP of Compliance. Lyon is responsible for leading the development and ongoing enhancements...
What Does the FDIC Look for in a CMS?
The FDIC expects a bank’s board of directors and management to have a compliance management system (CMS) adapted to its business strategy to effectively
7 Features Every Compliance Management System (CMS) Needs
Compliance management is no joke. Look for a compliance management solution with these seven key features...
OCC Hopes to Issue Joint CRA Proposal This Fall
Comptroller of the Currency Joseph Otting is hopeful that a joint CRA modernization proposal will be issued on an interagency basis this fall.
Can You Adopt an Agile Approach to Compliance?
One of the buzzwords in business these days is “agile.” If you’re looking to learn more about what an agile approach is, and how it can be used in...
What Does the NCUA Look for in a CMS?
The NCUA defines a compliance management system as a credit union’s overall approach to managing compliance risk.
Have You Prepared for Climate Change Risk?
What is your bank doing about climate risk and its potential impact on loans, investments, and operations?
Quiz Time! How Did You Get Your Start in Banking?
Risk management starts at the top, but bankers typically start at the bottom.
5 Fair Lending Lessons Learned in 2019
As Q4 approaches, it's time for compliance professionals to reflect on the changes we’ve seen so far. Here are 5 fair lending lessons learned this year.
4 Features Every Vendor Management Solution Needs
A vendor management software solution organizes existing processes and documentation while showing how vendor relationships and policies can be improved.
What If a Cyber Attack Caused a Bank Failure?
There are more than just financial threats to industry stability. The FDIC is actively considering how it would handle an unprecedented scenario: a bank
Ignore KRIs & KPIs at Your Own Peril: Best Practices for Key Risk Indicators
Stop me if you’ve heard this story before. Significant management turnover at a $1B FI, and new management is eager to make an impact. The solution:
Summer Blockbusters Revisited: Assessing My Risk Assessments
When it can cost nearly $100 to take a family of four to the movies (including snacks, of course), you don’t want to risk wasting your cash on a so-so movi
School's in Session: 3 Tips to Help You Ace Compliance
Here are three essential, timeless tips for you to remember to ensure that you achieve your compliance goals in 2019 and beyond.
Is Your Institution Prepared for These Emerging Risks?
Across the business world, businesses in all industries are worried about the pace of change...
PA Bankers Services Corporation Endorses Ncontracts’ Solution Suite
The PA Bankers Services Corporation (Services Corp.) and Ncontracts jointly announce the addition of Ncontracts into the corporation’s Select Vendor...
6 Silo-Busting ERM Tips
How do seasoned risk professionals fight risk management inertia? They find ways to dismantle silos and develop processes to spark discussion about risk