Sheshunoff Consulting + Solutions

07/11/2022

On Wednesday, the House Financial Services Subcommittee on Consumer Protection and Financial Institutions will hold a hearing on the joint agency proposed rulemaking to modernize the Community Reinvestment Act ( ).
https://financialservices.house.gov/events/eventsingle.aspx?EventID=409518

01/24/2022

In a blog post published last week, the has signaled that they intend to scrutinize credit card fees and practices.
https://www.consumerfinance.gov/about-us/blog/americans-pay-120-billion-in-credit-card-interest-and-fees-each-year/

12/27/2021

With robust systems and internal management controls including secure encrypted email, systems, portals, and annual training for all employees, Sheshunoff Risk Management Division’s corporate-wide commitment to information security is clear.

https://risk.smslp.com/

12/20/2021

All of Sheshunoff Risk Management Division’s services are coordinated and delivered through the same organizational structure and utilize a consistent methodology, regardless of the area under review (i.e., , , , consumer compliance, / , or ).

https://risk.smslp.com/service/internal-audit-services/

12/17/2021

As our year approaches its end, various regulatory adjustments are issued which amend a variety of thresholds and provisions. These changes are important as they establish thresholds for meeting certain . For example, has various adjustments which will take effect on January 1, 2022. Are you ready?

As an Online Consulting client, you would have access to our Compliance Alerts and Compliance Calendar for information and details on these threshold adjustments, their impact, and what next steps should be taken. Contact Rhonda Coggins, CRCM to get started today.

https://compliance.smslp.com/

12/13/2021

On Friday, the (Consumer Financial Protection Bureau) announced updates to its agenda for fall 2021. The expected upcoming deadlines include comments on the proposed Section 1071 rulemaking (now through January 6, 2022), the beginning of pre-rule activity regarding consumer access to financial records (April 2022), notice of proposed rulemaking on amendments to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 regarding automation valuation models (June 2022), and the beginning of pre-rule activity on property assesses clean , or , (October 2022).
https://bankingjournal.aba.com/2021/12/cfpb-updates-rulemaking-agenda-2/?utm_source=eloqua&utm_medium=email&utm_campaign=newsbytes&utm_content=NEWSBYTES-20211213

12/07/2021

Temporibus autem quibusdam et aut officiis debitis is aut rerum necessitatibus saepes eveniet ut etes seo voluptates repudiandae sint et molestiae non mes Creating futures through building pres preservation. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod incididunt utonis la...

12/06/2021

Sheshunoff Consulting + Solutions offers industry-leading independent BSA/AML model validation services for community banks, mid-sized regional banks, and credit unions, looking to maximize the effectiveness of their suspicious activity monitoring solutions and meet regulatory expectations.

11/29/2021

According to the recent report released by the Federal Reserve, as the economic recovery from COVID-19 continued in the first half of the year, banks saw early signs of loan growth emerging, along with falling delinquencies and forbearances, and an increase in profitability.
https://bankingjournal.aba.com/2021/11/fed-banking-system-conditions-improved-in-2021-as-banks-remain-strong/?utm_source=eloqua&utm_medium=email&utm_campaign=newsbytes&utm_content=NEWSBYTES-20211129

10/26/2021

If you're looking for compliance support and resources, Sheshunoff Risk Management Division has exactly what you need!

Online Compliance Consulting

10/14/2021

Using a -based approach, Sheshunoff Risk Management Division applies a high level of industry knowledge and experience to the delivery of our review and services. They will maximize the effectiveness of each review and customize the scope to ensure that the time available focuses on the highest-risk areas. They will work with you to tailor the scope and approach, as needed, to truly meet your Institution’s needs.

Temporibus autem quibusdam et aut officiis debitis is aut rerum necessitatibus saepes eveniet ut etes seo voluptates repudiandae sint et molestiae non mes Creating futures through building pres preservation. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed…

08/17/2021

managers and consultants will perform many of the duties typically associated with your financial institution's Officer role, such as chairing and facilitating the Compliance Committee activities, updating risk assessments, providing regulatory updates, developing, updating, and maintaining policies and procedures, and more!

https://risk.smslp.com/service/compliance-administration-support-and-consulting/