In this era of rapid regulatory updates, intense politicization, and changing requirements, you may feel like you're not sure who the major players are, and what we can expect in the future. If that's the case, this blog post will help.
A little while back, our team at TRUPOINT Partners hosted a webinar on CRA and how to go from analysis to action. After walking through the significance of certain data sets and how you can leverage them to understand and reduce your CRA, Redlining, and Fair Lending compliance risk, we held a Q&A to field a number of questions from the attendees. We received many questions about small business loans. We'll decode what they mean here.
The phrase on every compliance officer's lips is "CRA modernization." In this post, we'll share a few important news items, and outline what you can expect - and when.
One of the biggest stories in the banking and compliance industry over the last few months and arguably over the last couple of years was TRUPOINT’s introduction of its Branch Strategy Solutions...just kidding! Jokes aside, on May 24th of this year, President Donald Trump signed into law bill S. 2155, commonly known as “Economic Growth, Regulatory Relief and Consumer Protection Act.” This law will roll back certain portions of the Dodd-Frank Act, which was passed earlier this decade. This is important because the new law is NOT an entire repeal, and in fact, has sparked a couple of myths that we'll be busting here.
The American Bankers Association's Annual Regulatory Compliance Conference kicks off this weekend in Nashville. If you'll be attending, this is the post you need to read to make sure you get the most out of the conference. In it, you'll learn the sessions to attend, local restaurants to try, and anticipated highlights of the conference! Of course, that includes visiting TRUPOINT at Booth 610 - but we'll tell you more about that later.
Women in male-dominated industries tend to share the same kinds of challenges: lack of wage equality, glass ceiling, limited number of role models, and even outright sexism. In post four of our "Beyond Banking" series, you'll learn some of the unusual advantages to being a woman in the banking workforce, and how you can leverage those to help solve other gender-based problems.