Elements that are not to be missed while drafting a policy

Elements that are not to be missed while drafting a policy

For being a constructive governance document, policies need to be customized to the product, area of operations, or service impacted as they don't fit to-one-size documents.Despite the need for tailoring,…

Make your Compliant Program More Effective With These Tips.

Make your Compliant Program More Effective With These Tips.

Do you know if your FI is following regulatory guidance, does it ensure consumer complaints are heard and addressed with its Complaint Management Program?  But are you confident enough that…

Know if your CMS ensures Consumer Protection & Compliance.

Know if your CMS ensures Consumer Protection & Compliance.

“When it comes to consumer protection, Compliance Regulators don't mess around.” Federal Deposit Insurance Corporation (FDIC) sent this message in an enforcement action against a Wisconsin community bank that demonstrated…

Ways to Streamline your CMS

Ways to Streamline your CMS

Several organizations have a robust Compliance Management System (CMS). To enhance their existing systems, they need to find ways to keep pace with the rate of change. It frees institutions…

CiB tells you ways to cut compliant costs &  still stay compliant.

CiB tells you ways to cut compliant costs & still stay compliant.

 According to the 2019 ABA Survey of Bank Compliance Officers Report, the average financial institution spends about 5 percent of its overall budget on Compliance. Financial institutions are looking for…

Be an Efficient and Compliant Organization, Break Risk Zones

Be an Efficient and Compliant Organization, Break Risk Zones

Compliance is the state of being under established guidelines or specifications or the process of becoming so. Due to an ever-increasing number of regulations that need companies to be vigilant…