Quantivate Blog

Governance, Risk & Compliance (GRC) Education and News

April’s Top Regulatory Change
Each month, Quantivate provides our blog readers with access to the top attorney-generated compliance alert our customers receive. While there were 22 alerts and advisories to be aware of in April, the most pressing is that the Office of the Comptroller of the Currency (OCC) issued its final rule amending suspicious activity report (SAR) regulations. Executive Summary On March 28, 2022, the OCC issued a final rule amending SAR regulations. The rule clarifies the…
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The UCPA and What it Means for Compliance Teams
UCPA compliance
Data privacy has been a hot topic for businesses and regulators over the past six months, with several states passing legislation improving protections for consumers’ personal data. Utah has followed suit, with the state legislature passing the Utah Consumer Privacy Act (UCPA) on March 3, 2022, which will now move along to the governor for final approval. The UCPA draws influence from other state privacy acts, such as the California Privacy Rights Act and…
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March’s Top Regulatory Change
Each month, Quantivate provides our blog readers with access to the top attorney-generated compliance alert our customers receive. While there were 12 alerts and advisories to be aware of in March, this month the biggest to come into effect was an advisory to all financial institutions reminding them of the ability to establish special-purpose credit programs. Executive Summary Five federal financial institution regulatory agencies, in connection with the Department of Housing and Urban Development…
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Managing Vendor Risk & Cybersecurity in a Remote Work Environment
vendor risk and cybersecurity
The rise of remote-first organizations in the wake of the COVID-19 pandemic introduced new challenges. With personnel working from home, the demand for strategies and frameworks to manage new risks and vulnerabilities left teams responsible for governance, risk management, and compliance (GRC) feeling the pressure. As organizations navigated operational resilience management in a remote environment, vendor risk and cybersecurity emerged as particular concerns. A 2021 report on third-party security found that more than 50% of…
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Financial Services Compliance Challenges for 2022
financial services compliance
After a tumultuous past two years, financial institutions continue to navigate complex regulatory requirements, risks, third-party relationships, global supply chains, and other challenges. This web of governance, risk, and compliance (GRC) concerns requires a holistic perspective of regulatory obligations across business functions. Let’s take a look at some of the areas where financial services firms will need a proactive, integrated approach to compliance management going into the rest of 2022. Actionable Data Financial regulators…
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