Known for their member-centric approach, credit unions have a long-standing reputation for transparency, fairness and their fierce commitment to doing what’s right for their members. This reputation is rarely disputed, but it doesn’t [...]
Last fall the Justice Department (DOJ) promised it would “spare no resource” to ensure “vigorous” fair lending enforcement as part of its Combatting Redlining Initiative. Now a Delaware-based mortgage company has settled a joint DOJ [...]
Compliance is a lot to manage. With near-constant regulatory change on top of a mountain of existing compliance responsibilities, the only way to get it all done is to make sure you’re focusing your [...]
Fair Lending compliance is a hot button issue, making it critically important that your institution has a clear sense of its fair lending risk exposure. From the Office of the Comptroller of the Currency’s ([...]
From rising inflation, rate hikes, and a slowdown in growth across U.S. financial institutions, all signs are pointing to a looming economic downturn. According to S&P Global Market Intelligence data, total deposits [...]
The trend of moving to digital transactions that started during the pandemic shows no signs of slowing down. In the first quarter of 2022 alone, digital active users at Bank of America alone grew to [...]
This post summarizes information provided by FinCEN on June 15, 2022. To read its complete advisory, visit Elderly Financial Exploitation Advisory (fincen.gov). In support of World Elder Abuse Awareness Day, FinCEN issued an advisory [...]
Ncontracts, the leading provider of integrated risk management and lending compliance solutions for the financial services industry, has been selected to demo at FinovateFall 2022, taking place September 12-14 in New York. A first-time presenter, [...]
Ncontracts, the leading provider of integrated compliance and risk management solutions to the financial industry, announced that Matthew (Matt) Peace has joined the company as the Chief Financial Officer. Mr. Peace will oversee the company’[...]
Ncontracts, the leading provider of integrated risk management and lending compliance solutions for the financial services industry, announced that Ncontracts' founder and CEO Michael Berman has published a new book, The Upside of Risk: Turning [...]
