by jmaduneme | Jun 29, 2021 | CC Blog
In today’s environment, it is imperative to have a business continuity management program that is up-to-date, reflective of the current business operating environment, and available during adverse events. Use this Business Continuity Readiness Checklist to assist you...
by jmaduneme | Apr 23, 2021 | CC Blog
The Customer Identification Program (CIP) requires financial institutions to take the appropriate actions and steps to have a reasonable belief that all customers who enter into a formal banking relationship with them are who they say they are. The requirement went...
by jmaduneme | Apr 7, 2021 | CC Blog
A third-party risk management framework is the processes and controls used to identify and manage risks associated with outsourcing to a third-party vendor or service provider. In highly regulated industries such as community banking, building a third-party risk...
by jmaduneme | Mar 31, 2021 | CC Blog
One of the core components of a successful risk management program is demonstrating the management and monitoring of risk to an acceptable level of risk within a risk appetite framework. Risk appetite is the level and type of risk that an organization is willing to...
by jmaduneme | Dec 30, 2020 | CC Blog
On December 21, 2020, the Bureau issued an advisory opinion (AO) on special purpose credit programs designed and implemented by for-profit organizations to meet special social needs. The AO was issued to address regulatory uncertainty regarding Regulation B, which...
