Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions, according to the results of a Wolters Kluwer survey.
Rising risk challenges for financial organizations
This year’s survey generated a Main Indicator Score of 95, a 10-point increase from the 2018 score, that was influenced by concerns about the impact of Home Mortgage Disclosure Act (HMDA) rules; cybersecurity, credit and compliance risks; and an increased level of regulatory agency fines.
