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A fair lending risk assessment is a critical process financial institutions use to ensure they comply with fair lending regulations. These laws aim to prevent discrimination in lending practices and ensure equal access to credit for all consumers. By evaluating…

Recommendations CERTIFICATION: Money Services Business Banking Certificate WEBINAR: Cybersecurity Compliance Frameworks – What Your Institution Needs to Know WEBINAR: Prepaid Programs – Critical Considerations for Implementation Introduction The burgeoning fintech and money services business (MSB) sectors present significant opportunities for…

The Credit Card Competition Act is a piece of proposed legislation aimed at increasing competition in the credit card industry by reducing the dominance of major credit card networks, primarily Visa and MasterCard. This act seeks to provide merchants with…

Regulation CC, part of the Federal Reserve’s regulatory framework, governs the availability of funds and the collection of checks in the United States. Established to provide uniformity and clarity in banking practices, it aims to protect consumers and ensure that…

Even with advances in fintech, debit cards are still a popular and convenient payment method for consumers. However, disputes can present a significant challenge for financial institutions that issue debit cards. Unlike credit cards, where the bank holds the initial…

Fair lending laws ensure that all individuals receive equal treatment in the application and approval processes for various types of credit. Violations of these laws can occur in numerous forms and can lead to significant legal consequences for financial institutions.…

The real estate industry is witnessing one of its most significant transformations in recent history. In a landmark move, the National Association of Realtors (NAR) has settled an antitrust lawsuit with groups of home sellers, agreeing to abolish rules on…

Credit risk management is how financial institutions and other lenders assess the likelihood of a borrower defaulting on their debt obligations. It involves identifying, measuring, and mitigating risks associated with lending and making credit decisions. This critical financial practice ensures…

Wire transfer fraud is a critical concern for businesses globally, involving the unauthorized transfer of funds from one bank account to another through deceitful means. This type of fraud exploits the speed and convenience of wire transfers, making it a…

In an era where financial markets are increasingly complex, and the landscape of risks continues to evolve, the demand for financial risk specialists has surged. These professionals stand at the forefront of protecting and guiding organizations through the financial uncertainties…