Mortgage and auto lenders are re-evaluating their internal anti-discrimination practices after a Supreme Court ruling means the disparate impact theory is here to stay.
Although regulatory authorities are tempted to over-reach when designing faster payments systems, they would be better off encouraging competition and market forces.
Pending changes to the allowance for loan losses will require banks to repair any deficiencies in data collection in order to model multiple scenarios under the new rules.
As Know Your Customer and other regulatory requirements increasingly slow down the customer onboarding process, banks need to consider scalable and unified technology solutions.
To avoid regulatory fines and reputational damage, banks should set up programs to encourage whistleblowers to first report their concerns internally.