Make the ALCO Process Meaningful, Not a Checkbox!

April 11, 2019 at 02:00PM By Lonnie Harris We are fortunate enough to work with many community banks in several states. We lead or participate in asset/liability committee meetings almost every single day and are constantly working with bankers to prepare and respond to examiners’ very detailed questions. While helping bankers meet their regulatory requirements is satisfying, it is far […] via BankNews.com http://bit.ly/2VKZgjO Continue reading Make the ALCO Process Meaningful, Not a Checkbox!

Toward a More Modern CRA

April 09, 2019 at 02:00PM Regulators and industry groups ramp up discussions. By Bill Poquette, Editor-in-Chief In late August last year, the Office of the Comptroller of the Currency released an Advance Notice of Proposed Rulemaking seeking comment on the best ways to modernize the Community Reinvestment Act. A couple of months later, Comptroller Joseph M. Otting was quoted as […] via BankNews.com http://bit.ly/2FZU4C8 Continue reading Toward a More Modern CRA

To Err Is Human, to Forgive Is Not Standard Practice for Regulators

April 02, 2019 at 03:16PM By Kristen Eustis, Compliance Specialist We’ve all heard the saying, “The only real mistake is the one from which we learn nothing.” What can we learn from mistakes revealed in the recent $12 million fine USSA Federal Saving Bank received for violating consumer protection laws? USAA was fined for violating the Electronic Fund Transfer Act […] via BankNews.com http://bit.ly/2CMy8cU Continue reading To Err Is Human, to Forgive Is Not Standard Practice for Regulators

Wolters Kluwer Technology Helps Banks Manage Evolving Regulations and Compliance Risk

March 19, 2019 at 01:00PM Central Bancompany, headquartered in Jefferson City, Mo., has implemented Wolters Kluwer’s regulatory change management offering along with its risk and controls assessment solution to streamline processes and enhance compliance risk management and controls among its 13 affiliated banks. OneSum X for Regulatory Change Management helps Central track regulatory changes, map them to the appropriate lines […] via BankNews.com http://bit.ly/2FmrITA Continue reading Wolters Kluwer Technology Helps Banks Manage Evolving Regulations and Compliance Risk

How AI Helps Banks Compete With Digital-First Players

March 08, 2019 at 01:00PM By Laura Crozier Since the 2008 financial crisis, banks have spent a lot of time and energy on regulatory compliance and cost cutting. Until just recently, as a result of growing regulatory demands, investment in new technology took a back seat, as did innovation. Now, after a decade of cost reduction, banks are squarely focused […] via BankNews.com http://bit.ly/2tYdLoe Continue reading How AI Helps Banks Compete With Digital-First Players

Your Bank Is (Probably) Spending Too Much on Compliance

March 05, 2019 at 06:43PM By Pam Perdue It may shock you to hear a compliance expert suggest that your bank might be spending too much on compliance. But it’s not only possible, it’s probable. The uncertain regulatory environment continues to worry bankers. With some rules being eliminated, others added and many in constant flux, changing regulations critically impact bank […] via BankNews.com http://bit.ly/2TD28BT Continue reading Your Bank Is (Probably) Spending Too Much on Compliance

The New Rules for Banking

March 01, 2019 at 01:00PM By David M. Wallace Trust in banks has declined since the global financial crisis a decade ago.  And now the conflicting challenges of both protecting and sharing customer data simultaneously, if not done right, risk further undermining that declining trust. On the other hand, the opportunity to embed the regulatory requirements as best practices should […] via BankNews.com http://bit.ly/2UcOkuB Continue reading The New Rules for Banking

ATM Provider Assists Secret Service in Thwarting ATM Attacks

February 21, 2019 at 01:00PM Payment Alliance International, a privately-held ATM provider, is collaborating with the U.S. Secret Service and local law enforcement agencies to thwart man-in-the-middle attacks at ATMs. Using proprietary real-time reporting software, PAI is able to alert officials of potential attacks while they occur, enabling law enforcement to apprehend criminals on the spot. PAI recently identified a […] via BankNews.com http://bit.ly/2DYcuSN Continue reading ATM Provider Assists Secret Service in Thwarting ATM Attacks