Risk & Compliance Roundup: Risk Management Strategies, 1071 Voluntary Reporting
- September 6, 2024
- Quantivate
Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.
This edition covers topics including:
New from the Nsight Blog
Risk Management Strategies for Financial Institutions
Risk management strategies involve one of four responses: avoidance, acceptance, mitigation, or transfer. In this introduction to each approach, you’ll learn how to choose and execute the best strategy for your specific situation. Explore practical examples and tips to help you proactively manage risks and protect your institution’s bottom line.
Understanding 1071 Voluntary Reporting
Want to get ahead of the curve on 1071 compliance? This article explains voluntary reporting for the CFPB’s new small business lending data collection rule. You’ll learn what voluntary reporting entails, its potential benefits, and why it might be a smart move for your institution. Discover how giving your data collection processes a trial run could help address potential fair lending issues before the compliance deadline hits.
Upcoming Webinar
Mastering Vendor Tiering: The Critical Role of Compliance in Third-Party Risk Management
As regulators scrutinize third-party risk management, learn how to strengthen your program at Ncontracts’ September webinar. We’ll discuss how to make the most of compliance risk assessments, maintain a strong vendor management framework, and more.
Register to reserve your seat or get access to the webinar recording after the live broadcast.