BSG Blog
UDAADF
UDAA – Coming into Focus In March of 2015, the CFPB released its Supervisory Highlights publication. This publication details recent findings and enforcement actions taken by…
Bank Services – A Seismic Shift in BSA?
The guidance that was issued by the FDIC in January of 2015 (FIL5-2015) has the potential to create a significant shift in the world of…
Addressing Upcoming Changes in HMDA Directed by the Dodd Frank Act – Part 2
A two part series Part Two: Being proactive is the Way to go! In part one of this series, we discussed a brief history of…
Addressing Upcoming Changes in HMDA Directed by the Dodd Frank Act – Part 1
A two part series Part One: The “Known-Knowns” In August of 2014, the CFPB released it proposed changes to the Home Mortgage Disclosure Act (“HMDA”)…
The Case for Three Lines of Compliance Defense at Community Banks – Part 1
A two part series In late 2014, the Office of the Comptroller of the Currency (“OCC”) published its “Guidelines Establishing Heightened Standards for Certain Large Insured…
Developing an Effective Compliance Risk Assessment
We come across many a risk assessment in our practice. The ugly truth about most of the assessments that we see is that they are…
What is the future state of compliance in community banks?
Over the last year, more than 82 new regulations have taken effect! And you may have just thought that things were getting more and more…
Why Should a Banker be on the side of Compliance?
Compliance, Compliance, COMPLIANCE! Sometimes just saying the word can evoke a dramatic response from Bankers. According to Jaimie Dimon from Citigroup, big banks are under…
Vendor Management: The Next Compliance Frontier – Part 2
A two part series – Part One Forming a Relationship Technology and innovation have always been the hallmarks of the US economy. Technological innovations have…
Vendor Management: The Next Compliance Frontier – Part 1
A two part series – Part Two Developing the Proper Balance There can be no doubt that vendor management is a “hot topic” among regulators…