Risk and Compliance Roundup
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?? 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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