Compliance systems

CFPB fines Washington Federal $200,000 for HMDA errors

10/27/20

The agency found a 40% error rate in the 2016 data submitted by the Seattle bank. In addition to the fine, the institution is required to improve its compliance systems.

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Fed CRA plan seen as bridging divide with OCC

10/01/20

The agencies are still at odds over how to reform the scoring system in Community Reinvestment Act exams, but experts say the central bank’s recent draft proposal suggests a deal could be struck.

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The write-downs are coming. Start preparing now.

06/01/20

Periods of significant loan defaults are tough on banks and force unpleasant choices. Here are steps to evaluate collateral in such uncertain times.

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BofA, IBM eye compliance in cloud for banks; Dimon seeks permanent liquidity fix

11/06/19

Service would help with compliance; JPM CEO sees more short-term lending rate spikes if no long-term solution implemented.

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NCUA's Harper: Large credit unions need more oversight

10/30/19

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions."

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Small banks can use tech to make their size an advantage in AML compliance

10/16/19

New tech can help banks with less cumbersome systems track suspicious activity more effectively.

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To strengthen AML protections, strengthen sales practices

04/24/19

Banks need to ensure those building new business are driven to look for evidence of illegal activity.

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The fintech that turned a warehouse into a funhouse

02/24/19

When Redtail Technology moved into its new building 18 months ago, CEO Brian McLaughlin ensured it had homey touches, like comfortable seating, a basketball court and slides.

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AI fintechs flush with venture capital sharpen focus on bank market

02/22/19

ComplyAdvantage, Cinnamon and Zoovu recently raised millions of dollars to fuel expansion of their automated risk management, data-scanning and customer service products geared toward financial services companies.

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