Trends in Information Systems and Related Compliance Considerations
By Patrick Morin Over the past several years, compliance activities have increased to keep pace with the ever expanding scope of industry regulations. Thankfully, information systems can provide significant help in carrying out regulatory activities and...Risk Rating Loans is Not a Simple Process, but a Solid Methodology is a Good Start
Given the number of recent financial institution failures, banks would benefit from taking a hard look at their loan review function. Ask yourself: Are you getting the same report year after year without recommendations to help you strengthen your credit risk management practices? Are your loan review consultants providing you tools to help you do your job better? Do they even have a methodology to risk rate loans, or is it simply their opinion?
Is Internet-Age Fundraising a Threat or an Opportunity?
When Joe Lyons and Joe Prew decided they wanted to go into business together on a venture they called Boston Boot Co., they knew they would need capital. Rather than apply for a traditional bank loan or make their pitch to a venture capitalist or angel investor, they turned to the crowd, specifically Kickstarter. They walked away with $250,000 – 10 times what they asked for.
Congress Considers Revisions To Credit Reporting Act
While federal lawmakers debate the merits of a consumer credit reporting overhaul, lenders continue to value the consumer credit report as an important tool. U.S. Rep. Maxine Waters, D-Calif., introduced the Fair Credit Reporting Improvement Act, which, if passed, would be the most aggressive overhaul of the Fair Credit Reporting Act in more than a decade.
Vital Function for Community Banks May Be Outsourced if Care is Taken
By Dan Horan The loan review function is a tool that monitors the quality of the respective institution’s loan portfolio as it relates to internal lending policies, the effectiveness of the credit administration function, and is thus a tool to be utilized by senior...IT Compliance with a Side of Banking
By Patrick Whelan It’s not breaking news that compliance around information technology has become an ever-growing hindrance to community financial institutions that fall under the guidelines of the Federal Financial Institutions Examination Council. With the onset of...IT Compliance with a Side of Banking
By Patrick Whelan It’s not breaking news that compliance around information technology has become an ever-growing hindrance to community financial institutions that fall under the guidelines of the Federal Financial Institutions Examination Council. With the onset of...Taking the Theme Literally: A Response on Niches
By Patti White Much has been said about the impact the Dodd-Frank Act has had, and will have, on the mortgage industry. Early concerns involved overburdening restrictions and the impossibility of compliance, but as companies finalize their plans to manage the new...No Results Found
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