the AffirmX blog

E-SIGN Refresher Course

The E-SIGN Act has been around since June, 2000. That means its 18th birthday is coming up. As banking regulations go, this isn't exactly new. 18 years is plenty of time for the novelty to wear off and for it to become a commonplace part of your compliance routine. However, that doesn't mean compliance is [...]

By |2018-01-16T09:00:32+00:00January 16th, 2018|Blog|Comments Off on E-SIGN Refresher Course

SAFE Act Exceptions: Compliance Officer's Best Friend?

Dog is Man's best friend, they say, but the fact that "Beware of Dog" signs exist seems to sully the truth of that colloquial phrase. Yes, that snarling and vicious guard dog in your neighbor's backyard might be somebody's best friend, but it doesn't seem to be friendly to humankind in general. It wouldn't take much [...]

By |2018-01-08T09:00:45+00:00January 8th, 2018|Blog|Comments Off on SAFE Act Exceptions: Compliance Officer's Best Friend?

Compliance Culture Scoreboard: Eliminate the Tough Losses

If you're a diehard fan of a sports team, you watch, read and listen to analysis, interviews and reports even beyond the team's actual games. True fanatics will even watch the postgame interviews after a tough loss. In these interviews, reporters love to ask the question, "what went wrong?" The players or coaches almost always [...]

By |2017-12-18T09:00:02+00:00December 18th, 2017|Blog|Comments Off on Compliance Culture Scoreboard: Eliminate the Tough Losses

What Older Consumers Complain About

In the holiday movie classic, National Lampoon's Christmas Vacation, Clark Griswold spends hours covering every inch of his house with strands of lights. Before turning them on, he gathers his family out in front of the house, calls for a drum roll, plugs in the lights, and . . . nothing. The lights don't turn on. [...]

By |2017-12-11T09:00:26+00:00December 11th, 2017|Blog|Comments Off on What Older Consumers Complain About

Front-to-Back AML Validation: How to Envision What You May Be Missing

Originally published on CUInsight.com For those of us who experienced a partial loss of vision at a relatively young age, we likely remember the day that we learned we needed glasses. The process typically began with an elementary school teacher who noticed our permanent squint at the chalkboard. Before we knew it, we were sent to [...]

By |2017-12-04T09:00:44+00:00December 4th, 2017|Blog|Comments Off on Front-to-Back AML Validation: How to Envision What You May Be Missing

Three Fair Lending Problem Areas

You've heard the news. CFPB Director Richard Cordray has stepped down. While we don't yet know for sure exactly what this will mean for the CFPB's enforcement efforts going forward, we can certainly expect some change.But if you think this means you can relax your compliance vigilance, think again. This is especially true when it [...]

By |2017-11-27T09:00:59+00:00November 27th, 2017|Blog|Comments Off on Three Fair Lending Problem Areas

Compliance Forecast: How Small Institutions Can Weather the Storm

We've had some wild weather here in the U.S. in the past several months. Hurricanes, flooding, and fires have hit multiple parts of the country. This has probably made you think at least a few times of disaster preparedness and what you can do to weather potential storms. Hopefully you've got a solid disaster preparedness [...]

By |2017-11-20T09:00:52+00:00November 20th, 2017|Blog|Comments Off on Compliance Forecast: How Small Institutions Can Weather the Storm

AML System Assembly: Don't Ditch the Instruction Booklet

Whether it was a model airplane, some Legos, or a Swedish bookcase, odds are you've purchased something that requires some at-home assembly. What all these things have in common is the instruction booklet. Not all of these instruction booklets are created equal, however. Some are clear, precise and easy to follow, while others are so [...]

By |2017-11-13T09:00:17+00:00November 13th, 2017|Blog|Comments Off on AML System Assembly: Don't Ditch the Instruction Booklet

Cybersecurity Guide for Smaller Institutions: How to Not Be Easy Prey

The predator-prey relationship on the African Savanna is quite dramatic and conspicuous. The animals that take part are some of the most popular in the animal kingdom. The star predators are, of course, lions, but leopards, cheetahs, and crocodiles also get time in the spotlight. Gazelles, wildebeest, and zebras are popular players in the role [...]

By |2017-11-06T09:00:34+00:00November 6th, 2017|Blog|Comments Off on Cybersecurity Guide for Smaller Institutions: How to Not Be Easy Prey