By Lynn Woosley, Managing Director, and Vincent Coe, Director On September 17, 2024, the Office of the Comptroller of Currency […]
Category: Blogs
Regulators Act Against Discriminatory Bias In Appraisals And Valuations
By Lynn Woosley Bias in appraisals and valuations continues to be a regulatory hot topic. Several recent developments relate […]
CFPB Sets Its Sights on “Repeat Offenders”
By Ryan Labriola The CFPB is focusing its attention on financial services companies that have previously entered into formal agreements […]
Putting All Your Eggs in One Basket: The Compliance Risks of Concentrations
by Lynn Woosley, CRCM (Originally published in ABA Risk and Compliance, May/June 2024) Sources of Concentration Risk Banking regulators have […]
Empower Your Board, Empower Your Bank: The Art of Effective Board Reporting
By Grace Brasington and Lynn Woosley (Originally published in ABA Risk and Compliance, July/August 2024) In today’s regulatory environment, bank […]
Credit Algorithms, Disparate Impact, and The Search For Less Discriminatory Alternatives
(Originally published in ABA Risk and Compliance, July/August 2023) Bill Fair and Earl Isaac created the first modern credit scoring […]
HMDA and CRA Submission Season – Remembering to Keep Sight of the Forest for the Trees
As the March 1 submission deadlines loom for annual CRA and HMDA data reporting, Compliance Officers can sometimes feel a […]
Unlocking Insights: Analyzing the 2022 CRA Peer Data for Small Business, Small Farm and Community Development
Unlocking Insights: Analyzing the 2022 CRA Peer Data for Small Business, Small Farm and Community Development On December 20, 2023, […]
Accuracy of Adverse Action Notices
On November 8, 2023, the Consumer Financial Protection Bureau (“CFPB”) entered into a consent order with a major bank to […]
Combating Antisemitism In Banking Services
By Lynn Woosley, CRCM (Originally published in ABA Risk and Compliance, September/October 2023) Citing an alarming increase in antisemitic incidents, […]