The banking sector has undergone major changes over the last few years, and is set for many more. The result? You guessed it: changing risk exposure. Here’s what the OCC has to say about the biggest risks facing the banking industry.
The most frequently asked question we receive about HMDA and CRA submission is not how to do it, but whether you need a software solution to do it. If you're wondering why you might need a HMDA or CRA transmittal tool, this post is written just for you! You'll learn all the basics of the HMDA and CRA transmittal process, what tools are on the market, and the benefits of them all.
Fair Lending is a key area of regulatory scrutiny, and one that garners a lot of public attention. In this regulatory environment, it really pays to know your risk. One of the best ways to gain a clear and objective understanding of your Fair Lending compliance risk is through a Fair Lending risk assessment. Learn everything you need to know about them and get a free Fair Lending risk assessment matrix here!
Some areas of banking compliance are consistently seen as more difficult, more complex, more confusing, or more vague than others. While individual compliance pros may have a personal list of the most challenging areas, here are 7 compliance topics that are widely regarded as complex - with tips and tricks to help make them easier for you!
If you’re reading this, chances are you’re aware that partnering with a vendor can deliver valuable efficiencies, but also presents risks. In this post, you’ll learn some of the top risks that third-party vendors can pose to your FI.