Banking Strategies to Power Smart Decisions

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Article

CRA and financial literacy: What banks need to know

Mar 28, 2024

By Kathleen Craig
Digital channels, transaction data and robust product offerings position banks to provide financial wellness tools that can make a meaningful impact.
Compliance, Regulation & Risk

Article

Export controls are a new national security focus — what that means for banks

Mar 19, 2024

By Anthony Rapa
There’s interplay between export controls and financial transactions as set out in FinCEN notices and recent sanctions.
Compliance, Regulation & Risk

Article

Updated: The first CRA deadline kicks in next month — here are the key dates to track

Mar 14, 2024

By Christopher Boersma
It’s time to start compliance preparations for the revised Community Reinvestment Act.
Compliance, Regulation & Risk
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Article

Bank regulators care about more than just policy acknowledgments

Apr 23, 2024

By Christopher Boersma
Centralize your policy management to create a culture of compliance.
Compliance, Regulation & Risk

Article

Enforcement numbers are telling: BaaS crackdown picked up in early 2024

Apr 18, 2024

By Rachel Koning Beals
Fintech partner banks are likely to see increased scrutiny, but growth may not slow.
Compliance, Regulation & Risk

Job Aid

Tracking and Communicating Training Program Status

Apr 16, 2024

In this article, BAI highlights the solutions provided in the BAI Learning Manager that help organizations create and manage compliance training programs that meet regulatory expectations....
Compliance, Regulation & Risk

Job Aid

Regulators Care About More Than Course Completions

Apr 16, 2024

In this article, BAI addresses how learning management software can help organizations create training programs that meet regulatory expectations and help foster a culture of compliance....
Compliance, Regulation & Risk

Job Aid

Setting and Monitoring Policy and Procedure Success Metrics

Apr 16, 2024

In this article, BAI highlights key metrics organizations should benchmark to measure effectiveness throughout a policy and procedure’s lifecycle....
Compliance, Regulation & Risk

Job Aid

Setting Training Metrics to Monitor Program Success

Apr 16, 2024

In this article, BAI highlights key metrics businesses should be benchmarking to measure the effectiveness of their compliance training courses throughout their lifecycle....
Compliance, Regulation & Risk

Job Aid

Regulators Care About More Than Just Policy Acknowledgements

Apr 3, 2024

An increasing amount of regulations are being passed which is requiring financial services organizations to rapidly create and update policies and procedures. Businesses try to ensure that their policies and procedures are acknowledged in a timely manner, but regulators care...
Compliance, Regulation & Risk

Job Aid

Tracking and Communicating Policy and Procedure Status

Apr 3, 2024

Today, many organizations track the success of their policy management program based on the number of on-time acknowledgements they receive. While this is important, regulators want organizations to track more than acknowledgements to be successful—they also want to see that...
Compliance, Regulation & Risk

Webinar

Align policies and procedures to support responsible innovation and deposit growth

Recorded: Apr 4, 2024

In this webinar, we’ll focus on practical insights and resources to put banking policies into practice. We’ll explore recent enforcement actions as they relate to unsafe practices. And the conversation will include the role of policies and procedures in supporting...
Compliance, Regulation & Risk

Webinar

Designing better courses: Fundamentals of instructional design

Recorded: Mar 21, 2024

Engaging learners during compliance training is a challenging task. Training is a crucial component to developing your organization’s employees, but if the material isn’t relevant and engaging, learners will struggle to retain key concepts and complete each course in a...
Compliance, Regulation & Risk

Job Aid

Identifying Data Discrimination Biases

Mar 1, 2024

Every company has policies that cover how to identify and prevent discriminatory behavior. Even after employees acknowledge these policies, there are inherent biases they could have where they may discriminate without even realizing it, especially during the loan review process. BAI has put together a data sheet to help organizations develop policies that address specific data that is collected on a loan application that needs to be examined more carefully to ensure there is no discrimination against applicants. This document includes potential biases and considerations for several data points.
Compliance, Regulation & Risk

Job Aid

Identifying Risk Assessment Scenario Biases

Feb 29, 2024

Financial services organizations have numerous departments that collect data to help them make better decisions on how to run their departments. When examining this data, department leaders need to train their staff to ensure that correlated metrics don’t lead to biased decision making when implementing new plans. BAI has put together a data sheet to help train businesses on understanding the most common risk assessment scenarios with key metrics that are gathered that could lead to biased decision making.
Compliance, Regulation & Risk

Article

Still relying on inefficient bank policy management?

Feb 28, 2024

By Christopher Boersma
Stay a step ahead of regulatory pivots with a smart culture of compliance.
Compliance, Regulation & Risk

Article

Heightened banking regulation: Here’s a plan to turn reality into opportunity

Feb 15, 2024

By Farrell Hudzik
In this new reality, regulated banks reassess cost, operations, capital and diversification while the ‘shadow banking system’ is picking up steam.
Compliance, Regulation & Risk

Job Aid

HMDA Policy Considerations 

Jan 29, 2024

Is your organization prepared to update its Home Mortgage Disclosure Act (HMDA) policies in 2024? New filing requirements for HMDA were passed in 2023 that will go into effect in 2024. Given the volatility with the housing market, the...
Compliance, Regulation & Risk

Article

As CFPB pushes to cut overdraft fees, banks should ask if these programs are worth the risk

Jan 19, 2024

By Rafael DeLeon
Banks and credit unions must weigh the compliance and reputational risk of eliminating this source of revenue that some studies say is a consumer benefit.
Compliance, Regulation & Risk

Article

Policy management: Meet FDIC expectations with smart use of your resources

Jan 18, 2024

By Christopher Boersma
There are affordable policy management software solutions that can help. Here’s what to look for.
Compliance, Regulation & Risk

Article

Cybersecurity and regulation top the watchlist for chief risk officers

Jan 10, 2024

By Ed DeMarco
7 key takeaways from the Risk Management Association and Oliver Wyman 2024 CRO Outlook Survey.
Compliance, Regulation & Risk

Article

Disclosures: Think what, why and where to stay a step ahead of regulation

Jan 2, 2024

By Brent Bahnub
Disclosure complexity continues to increase, and so does the likelihood of being fined for non-compliance.
Compliance, Regulation & Risk

Job Aid

The Importance of Centralizing Your Policy and Procedure Management

Jan 1, 2024

Unaligned Policies and Procedures can Leave Your Organization Exposed. BAI helps financial services organizations understand the proper way to align their policies and procedures by highlighting important steps in the creation process....
Compliance, Regulation & Risk

Job Aid

Key Regulatory Updates for 2024

Jan 1, 2024

Major final rules and proposals were released earlier in 2023 that will affect compliance training programs in 2024. Download to learn more about these rules and how they affect your compliance training program....
Compliance, Regulation & Risk