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Regulatory Compliance

Regulatory Reform and a Sunday Drive

by William Hord

March 14, 2016 12:03 pm

It’s over, regulatory reform is finished and we can get on with the business of running our business, right? Not so fast Speed Racer. Wait a minute you ask? Aren’t we just about complete with implementing Dodd-Frank? Although that is true, unfortunately the stable landscape we thought would come from it is still just as rife with change as it has ever been. It appears Congress is very unlikely to repeal Dodd-Frank and the banking industry will begin to feel pressure from additional reforms related to money laundering, terrorism financing and cyber threats. Combine this with a new vigor to hold executives accountable for their governance failures both personally and sometimes criminally, and the road looks even more concerning. (more…)

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Evaluating GRC Solutions

by Dan Banning

January 26, 2016 10:01 am

Finding the right provider of GRC solutions can be difficult. Mainly because GRC Software solutions are sometimes complex, force you to change the way you do business, and can be difficult to implement.

To achieve the maximum benefit from any solution a list of organizational requirements should be drafted prior to selecting a vendor. Because features and functionality differ between vendors it is important to ask yourself a number of questions when going through your evaluation process. By taking this approach an organization can determine what is important to the organization’s needs and culture. (more…)

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NCUA Proposes Changes to Field of Membership Rules

by Dan Banning

April 30, 2014 09:04 am

New e-Alert from Quantivate Partner Howard & Howard

At its April 24, 2014 Board meeting, the National Credit Union Administration (NCUA) proposed a rule that would amend the evaluation process for a federal credit union (FCU) seeking to add an associational group to its field of membership (FOM). See the full e-Alert from Howard & Howard. (more…)

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Timing Requirements for New Loan Estimate Disclosure

by Dan Banning

February 10, 2014 11:02 am

On November 20, the Consumer Financial Protection Bureau (CFPB) finalized new regulations to combine the mortgage disclosures required by the Truth in Lending Act and the Real Estate Settlement Procedures Act. This Regulatory Update focuses on the timing requirements for providing consumers with the Loan Estimate disclosure. CFPB’s Brief Summary of the New Regulations.

Do you need help getting ahead of the regulatory process? Quantivate’s Regulatory Compliance Manager (RCM) provides a strong software solution for compliance managers to manage a wide variety of regulatory and compliance processes and ensure accountability throughout organizations of all sizes.

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