Risk and Compliance Roundup

Risk and Compliance Roundup

?? In the News

Risk and Compliance Stories We're Following

Senate Bill Would Remove Reputational Risk from Bank Supervision

Source:?ABA

The Financial Integrity and Regulation Management, or FIRM, Act would eliminate all references to reputational risk as a measure to determine the safety and soundness of regulated financial institutions, according to Scott.

NCUA Ends Publishing OD and NSF Fee Income for CUs

Source:?Bankers Online

The NCUA has announced that it will no longer publish overdraft and non-sufficient fund fee income for individual credit unions. The NCUA will collect the data during supervisory examinations.

FDIC Issues List of Banks Examined for CRA Compliance

Source:?FDIC

FDIC issued its list of state non-member banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in December 2024.

Seacoast to Acquire Heartland Bancshares to Expand Central Florida Presence

Source:?Retail Banker

Seacoast Banking Corporation of Florida (Seacoast), the holding company for Seacoast National Bank, has agreed to acquire Heartland Bancshares, the parent company of Heartland National Bank.


???FinTech Updates

Latest Financial Technology (FinTech) Trends

OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities

Source:?OCC

The Office of the Comptroller of the Currency (OCC) took action to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system.

The Next Wave of Open Banking: New Rules on Personal Financial Data Rights

Source:?JD Supra

A rapid transformation in consumer finance is being brought about by open banking—a pivotal innovation that allows consumers to give third parties real-time access to their detailed financial data.?

AI In FinTech: Regulations, Opportunities, Ethical Imperatives

Source:?Forbes

Artificial Intelligence (AI) in financial services has advanced at an astonishing speed, to the point where AI-powered solutions are no longer a futuristic ambition but a daily reality.


???Executive Moves

Key Risk and Compliance Hires

Green Dot Appoints Kim Olson as Chief Risk Offer

Source:?FinTech Finance News

Green Dot Corporation announced that Kim Olson has joined the company as Chief Risk Officer responsible for overseeing all aspects of Green Dot’s risk management strategy and program execution and reporting directly to the Chief Executive Officer.

FinWise Bancorp Appoints Jim Noone as Chief Executive Officer of FinWise Bank

Source:?Globe Newswire

FinWise Bancorp announced the appointment of Jim Noone to Chief Executive Officer (“CEO”) of the Bank, in addition to his current responsibilities as Bank President. Kent Landvatter will remain Chairman of the Board and CEO of FinWise Bancorp as well as the Executive Chairman of FinWise Bank.

Peoples Financial Services Corp. Appoints Gerard A. Champi as CEO and Thomas P. Tulaney as President

Source:?City Biz

Peoples Financial Services Corp. is pleased to announce that Gerard A. Champi has officially assumed the role of Chief Executive Officer (CEO), and Thomas P. Tulaney has taken on the position of President for both the Company and its subsidiary, Peoples Security Bank and Trust Company.


???What's Trending

Best of Social Media

FDIC Board of Directors Approves Delay of Compliance Date for Certain Provisions in Sign and Advertising Rule

Source:?FDIC (Twitter)

The delay applies to requirements related to the display of the FDIC’s official sign on insured depository institutions’ (IDIs) digital channels, as well as to provisions related to IDIs’ automated teller machines (ATMs) and like devices.

OCC Releases CRA Performance Evaluations for 26 National Banks and Federal Savings Associations

Source:?OCC (Twitter)

OCC released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of February 1, 2025, through February 28, 2025.

Emerging Risks Your C-Suite Should Consider Now

Source:?Gartner (LinkedIn)

This report, based on findings from Q4 2024, offers an analysis of emerging risks to guide smart decisions. It includes insights from risk management leaders, professionals, auditors and other senior executives.

Compliance and Risk Management Software with AI for Financial Services

Source:?360factors (LinkedIn)

Strengthen financial risk and compliance management with Predict360. Automate workflows, simplify reporting, and gain real-time risk insights—in this all-in-one AI-powered platform. Stay compliant, mitigate risks, and make decisions with confidence.

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