by M&M Consulting | Apr 3, 2023 | Uncategorized
Acting on the directive in section 1071 of the Dodd Frank Act, the CFPB issued the final rule for the Small Business Lending Act on March 30, 2023, to implement the small business data collection requirements of section 1071. The intent – to provide insight into how...
by M&M Consulting | Mar 31, 2023 | Uncategorized
All regulatory eyes are back on Enterprise Risk Management (ERM) and executives at financial institutions can expect robust ERM exams in 2023 – no tea leaves required for this one. This article will look at the foundation of an ERM Program, meaning the ERM Policy. By...
by M&M Consulting | Mar 13, 2023 | Uncategorized
What the FDIC Chair’s Remarks Mean to You: What’s old is new again On March 6th FDIC Chairman Martin Gruenberg’s remarks at the Institute of International Bankers Washington Conference focused on the challenges ahead in the banking industry. Although he ended his...
by Tyler Stockford | Oct 6, 2022 | Uncategorized
At M & M Consulting’s most recent compliance school, our President/CEO spoke at length about the regulatory environment for Fair Lending and specifically redlining risk. The announcement from Department of Justice is further evidence of stepped up enforcement....
by Len Suzio | Jun 3, 2022 | CRA
Dear Banker, Readers and reviewers of the 2022 joint CRA NPR issued by the bank regulators on May 5 may be overwhelmed by the long (679 pages) and complex proposed rule-making document. Just trying to grasp the proposal is a daunting task. For sure, the NPR does...
by Alena Weiss | Apr 1, 2022 | In the headlines, Uncategorized
In the headlines! While perhaps overshadowed by more pressing current events, overdraft fees have had their fair share of press lately. They are a hot topic on the minds of regulators, consumers, and financial institutions. So, what is happening to bring this...
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