July 4 2020

Democrats: Here’s What’s Wrong with OCC’s New CRA Rule

The OCC's rule changes CRA to the CDA: Community Disinvestment Act. The rule rewards institutions active in Opportunity Zones without ensuring theirr activities specifically benefited low- and moderate-income communities. In addition, redlining has been detected in 60 metropolitan areas despite 98% of banks passing their CRA exams. The OCC rule has "gaping loopholes." The House has passed a Congressional Review Act to reverse the CRA rule recently released by the OCC. [7/1/20]

Risk Watch Plus Webinar 3: BSA/AML System Validation

In this brief webinar, Ken Agle walks through the basic steps of validating a monitoring system for compliance with Bank Secrecy Act/Anti-Money Laundering rules. Before that, we cover what’s hot in compliance, as seen by the editors of Risk Watch. This week’s hot items: 1) What is the most common violation examiners are finding in the field? 2) If there were Oscars for SARs, this would be it. See how FinCEN calls attention to how SARs help in law enforcement. Certificate of completion available. (See in-webinar instructions.) Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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