Orrick, Herrington & Sutcliffe LLP’s Post

Prembly's Compliance Dialogue is just one day away! Have you registered yet? Join us tomorrow, Thursday, 28th of March, 2024. Time: 3:00 pm WAT Register here 👉🏽 https://lnkd.in/deJGm7a2 #compliance #Prembly #Banks #Fintech

Prembly's Compliance Dialogue is just two days away! Have you registered yet? Date: Thursday, 15th of August, 2024. Time: 2:00 pm WAT Register here 👉🏽 https://lnkd.in/dsPUZ-Mi #compliance #Prembly #Banks #Fintech

Community banking continues to be a crucial element of our financial system. In a recent interview with American Banker, I stressed the essential role community banks play in supporting local businesses and communities. I underscored the distinctive advantages these banks offer by addressing the needs that larger institutions often overlook. I also highlighted how EagleBank has been providing personalized services to certain segments and supporting our business clients and community. Discover more about the importance of community banks and their specialized services in the full article (subscription required). #CommunityBanking #LocalBusinesses #FinancialServices #EagleBank

Thank you so much to this amazing panel that took the a challenging regulatory topic and made this last hour be full of engagement, strategic and tactical insights, and even fun (yes, something you usually do not hear on a #banking #regulations topic). Amazing coverage of this topic by Washington Trust Bank's Heather Smith, the powerhouse team from Rollstone Bank & Trust of Robert W. Courtemanche and Suzanne Panagopoulos, CRCM, CAMS, CCBCO and of course Jeff Young from Security National Bank! A few key points I want to share: - #collaborate with marketing, technology, compliance and lending. You cannot take 1071/SBLR and try to do it on your own. - Be prepared. Even if you are a tier 3 bank you should be thinking about it today and how you can learn from others to be successful. - Use regulation to drive #innovation. Think about how this Consumer Financial Protection Bureau regulation can actually encourage creativity, discovery, expansion, and innovation in your markets -Do not underestimate the requirement of change management externally and internally. Think about your #borrowers or #creditunion members and how they will be impacted by this and leverage the power of your retail banking branches to help with that change management So much amazing lessons learned in this hour with this team that I had the privilege of hosting. If you missed the webinar, we will be releasing it on our Baker Hill channels, so let me know and I will make sure you get it. #fintech #regtech #CFPB #section1071 #smallbusinesslending #SMBLending #FDIC Federal Reserve Board #compliance

Starling Bank, one of the UK’s leading digital banks, has been fined £29 million by the FCA for failing to properly screen high-risk customers, leaving it vulnerable to financial crime. 🔴 https://lnkd.in/gXir9PwG Read the full story to see what went wrong and how Starling plans to bounce back. With rapid growth, the bank opened 49,000 risky accounts between 2021 and 2023, despite warnings from the regulator. - #Fintech #Compliance #FCA #RiskManagement #StarlingBank #FinancialCrime #DigitalBanking

In an interview within The Paypers' EmFi and BaaS Report 2023, Andrew Ellis from NatWest Boxed discusses the bank's foray into Embedded Finance. He highlights EmFi's customer benefits and the bank's partnership approach in this realm. https://bit.ly/3QAKECV #thepaypers #report #embeddedfinance #baas #partnership #banks #fintech #tpp

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(NEW ISSUE) THE SCANNER: OCC and FED Fine Citi $136 Million for Failing to Fix Longstanding Data Quality Management Issues, Dorsey V. TU: Court Finds Debt Collector Should Have Investigated Consumer’s Disputed Debt, CFPB Scores Major Victory In Townstone Financial Redlining Case, and more top headlines from this week. Catch up on all of the top news from this week: https://hubs.la/Q02G_flM0 READER NOTE: If you find this of value, please like, comment, or repost it to your network. #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

In an interview within The Paypers' EmFi and BaaS Report 2023, Andrew Ellis from NatWest Boxed discusses the bank's foray into Embedded Finance. He highlights EmFi's customer benefits and the bank's partnership approach in this realm. https://bit.ly/3QAKECV #thepaypers #report #embeddedfinance #baas #partnership #banks #fintech #tpp

We're expecting the CFBP 1033 ruling to be released next month. A LOT is going to change in our industry as we enter the next era in open banking. What will that mean for you if you work at a bank, credit union, or fintech? Register for our webinar to learn more!