Risk & Compliance Roundup: BaaS Regulatory Outlook, Fair Lending
- May 9, 2024
- Quantivate
Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.
This edition covers topics including:
New This Week from the Nsight Blog
Regulators Crank Up the Heat on BaaS Banking. What Does This Mean for Third-Party Risk Management?
As the regulatory environment heats up for banking-as-a-service (BaaS) partnerships, what are the risks and benefits for financial institutions? This article breaks down recent enforcement actions involving fintech partnerships and looks at key considerations for managing third-party risks and controls.
Top Picks from the Archive: Fair Lending Compliance
Discover some of our most popular articles on fair lending compliance concepts and best practices.
Fair Lending Risk Assessments: Absolutely Everything You Need to Know
Fair lending compliance is crucial, but can be tricky to navigate. This comprehensive guide covers all the fundamentals of fair lending risk assessments — what they are, why they’re required, how to conduct them, and how to address identified risks — to help your compliance team understand and manage fair lending risk exposure.
What is Fair Lending Discrimination?
Ready to test your fair lending knowledge? Explore five realistic scenarios that illustrate different types of potential fair lending discrimination. See if you can identify the violations, then learn from the explanations. Plus, get access to a free benchmarking report to compare your HMDA denial rates to national averages.
The 8 Steps to Scoping a Fair Lending Compliance Exam
Wondering what examiners will look at during your next fair lending exam? Avoid surprises by reviewing the eight-step process regulators use to determine the exam scope, covering product offerings, compliance program structure, lending risk factors, and more.