CBA
Showing 17–32 of 247 results
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Bank Wire – OCC discusses banking risks
Spring 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 421
Abstract: In this summary of recent developments in community banking, we highlight the main points of the Office of the Comptroller of the Currency’s latest installment of its Semiannual Risk Perspective, explain that the IRS has finalized its guidance on the tax consequences of the LIBOR transition and discuss the most recent ransomware advisory from the Financial Crimes Enforcement Network.
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Get ready for a new cyberincident reporting rule
Spring 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 599
Abstract: Soon banks will be required to report significant cyberincidents within 36 hours, under a new rule issued by the Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC). This article explains details of the rule and answers some frequently asked questions about it.
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How to expand options and improve your bank’s bottom line
Spring 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 646
Abstract: Community banks continue to deal with economic uncertainty as a result of the COVID-19 pandemic and its impact on businesses and organizations. They’re also faced with an increasingly rapid pace of technological change affecting many aspects of banking. This article suggests that banks may want to consider adding some new business lines that can increase their fee income and help stabilize profits.
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Working with vendors and partners – Are you managing third-party risk?
Spring 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 915
Abstract: Banks increasingly are turning to outside vendors and partners to enhance their products and services, gain access to innovative technologies, benefit from expert advice, increase efficiency and reduce costs. This article notes that it’s important to have processes in place for managing the risks associated with these third-party relationships, and explains that federal banking regulators have high expectations for banks when it comes to third-party risk management. A sidebar summarizes recent Fintech due diligence guidance for community banks.
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Bank Wire – Get ready for general qualified mortgage final rule
Winter 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 448
Abstract: In this summary of recent developments in banking, we discuss the new deadline for compliance with the CFPB’s revised general qualified mortgage rule and how banks should prepare, look at the new lease accounting rules, and take note of a new guide for banks published by the federal banking agencies on conducting due diligence on FinTech companies.
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Protect your data – What’s your bank’s plan to counter ransomware attacks?
Winter 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 513
Abstract: Cybersecurity continues to be a key risk that businesses face today, and banking is among the industries most affected by cyberattacks. This article points out that ransomware attacks, which have increased dramatically in the past couple of years, are particularly concerning, and explains some ways banks can protect themselves against the ransomware threat.
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Keeping branch banking profitable in the digital age
Winter 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 661
Abstract: The COVID-19 pandemic has led to an increase in online banking. However, the transition to virtual banking was already well underway. This article notes that as community banks look to the future, they need to re-imagine branch banking for the digital age. It points out that direct banking at branches can still be vital to community banks’ financial health as long as they measure branch performance and correct as necessary.
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FinCEN’s national AML/CFT Priorities set the tone
Winter 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 906
Abstract: In June 2021, the Financial Crimes Enforcement Network (FinCEN) issued its first set of government-wide priorities (the Priorities) for anti-money laundering and countering the financing of terrorism (AML/CFT). This article explains that FinCEN will soon issue regulations that instruct banks and other financial institutions on how to incorporate the Priorities into their risk-based AML/CFT programs. A sidebar discusses how the Priorities will affect community banking.
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Bank Wire – CFPB issues guidance on unauthorized EFTs
Fall 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 425
Abstract: This brief summary of recent trends in banking highlights Consumer Financial Protection Bureau answers to FAQs on unauthorized electronic fund transfers and discusses a Federal Reserve tool that simplifies CECL implementation. It also notes the OCC’s intention to rescind a 2020 Community Reinvestment Act rule.
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Maintaining internal controls in a post-pandemic environment
Fall 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 516
Abstract: Internal controls are the lifeblood of a bank’s risk management system. Weak or ineffective controls can lead to operational losses and expose a bank to a higher risk of fraud. This article points out that as we continue to recover from the COVID-19 pandemic, banks need to assess the pandemic’s impact on their internal control systems and make appropriate adjustments.
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Keep your customers satisfied
Fall 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 591
Abstract: Over the past few years, community banking has withstood rapid technological changes, unprecedented economic challenges during a pandemic and new demands from its customer base. This article explains that to maintain profitability amidst all this turmoil, banks need to ensure that they retain their existing customers. This article suggests three fundamental questions to help improve customer satisfaction and retention.
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UDAAP resurfaces – Is your bank in compliance?
Fall 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 886
Abstract: During the COVID-19 pandemic, many banks changed the way they do business by reducing lobby hours, closing branches, and relying more on mobile banking apps and online transactions. This article notes that in light of recent Consumer Financial Protection Bureau changes signaling a return to more aggressive enforcement, it’s a good idea for banks to review their unfair, deceptive or abusive acts or practices (UDAAP) compliance policies and update them to reflect current business practices.
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Bank Wire – Fed provides LIBOR transition guidance
Summer 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 459
Abstract: This brief summary of current developments in community banking discusses LIBOR transition guidance that the Federal Reserve recently issued and notes the reintroduction of the SAFE Banking Act in Congress. It also explains that the federal banking agencies are seeking information about how financial institutions are using artificial intelligence in their activities. Finally, it lists some consumer protection recommendations put out by the CFPB’s Taskforce on Federal Consumer Financial Law.
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Has COVID-19 hurt your Community Reinvestment Act rating?
Summer 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 601
Abstract: The COVID-19 pandemic has had a significant impact on community banks and their customers, but one area that is often overlooked is the potential impact on a bank’s Community Reinvestment Act (CRA) rating. This article notes that to mitigate the risk of receiving a poor CRA rating, a bank should identify and document the various factors — both bank-specific and community-specific — that influence its lending ability.
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The pros and cons of asset concentration
Summer 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 641
Abstract: The purpose of community banks is to serve their particular communities and the industries that fuel those local economies. This can lead to potential risk, including losses, if assets become concentrated in an industry that is struggling. This article points out that there are pros and cons to asset concentration — the key is to understand how to keep the right balance.
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Time to revisit your AML program
Summer 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 879
Abstract: The COVID-19 pandemic has impacted anti-money laundering (AML) compliance in many ways. It has increased risks, changed the behavior of bank customers, and accelerated implementation of online account opening and other technologies. This article suggests that in light of these changes, all banks should evaluate their AML programs, starting with a risk assessment. A sidebar looks at the Biden administration’s increased prioritization of compliance with the Anti-Money Laundering Act of 2020.