How do BSA/AML & Reg E Relate to Financial Institutions Using Social Media?
Recently I read an article that suggested BSA/AML and Reg E were compliance concerns to be aware of when using social media at a financial institution. This surprised me because in all my observations of financial institutions using social media, I hadn’t seen anything that would seem to relate to these regulations.
Upon further investigation, it [...]
5 Banking Regulations Affecting Social Media Compliance
Beginning with the obvious hurdles of FDIC and NCUA advertising requirements, there are many compliance concerns to keep in mind when contemplating a social media initiative at your financial institution. If you *ever* plan to post an advertisement on a social media platform, you’d be wise to add the proper advertising statement and/or symbol on [...]
Washington, We Have A Problem!
Today President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. As Cam Fine points out in his ICBA blog, Finer Points, there are some good elements in the bill for community financial institutions. However, there are some significant downsides to the 2,319 page bill. A US Chamber of Commerce study [...]
Thoughts On a Successful Compliance Program.
With the focus on regulatory reform and how financial institutions will handle it all with regard to compliance management I thought I’d pass along a list that was published in the July issue of Credit Union Magazine. The list points out 10 features of a successful compliance program.
The list was compiled based on a recent [...]
Continuity Control Selected by AlwaysOn as an AlwaysOn East Top 100 Winner
Recognized for pioneering and creating new opportunities on the East Coast
NEW HAVEN, Conn., July 7, 2010 – Continuity Control™, creator of an on-demand platform designed to automate processes and back office efforts thus simplifying the regulatory compliance process for community banks and credit unions throughout the United States, today announced that it has been [...]