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The Streamlined Business Blog

Standardizing operations, compliance, and training.

The Streamlined Business Blog

Standardizing operations, compliance, and training.

 

Category:

SOPs in Banking and Financial Services


CFPB Changes for the Mortgage Industry Driving Strong Interest in Zavanta

Interest in Zavanta Policy and Procedure Software continues to increase as more aspects of the CFPB’s (Consumer Financial Protection Bureau) come online. Established in 2010, with a mandate to regulate and enforce consumer financial protection laws this year will bring changes for the mortgage industry starting in August 2015. read more... about CFPB Changes for the Mortgage Industry Driving Strong Interest in Zavanta

Wednesday, March 3, 2021

4 Essential Tips for Ensuring Policy and Procedure Compliance

4 Essential Tips for Ensuring Policy and Procedure Compliance For over 30 years COMPROSE has worked with organizations across all industries — commercial banks, credit unions, hospitals, labs, government agencies, non-profits – just to name a few. Although specific regulatory and certification requirements may differ, all industries share the pain of creating and managing policies and procedures required for regulatory compliance. read more... about 4 Essential Tips for Ensuring Policy and Procedure Compliance

Wednesday, March 3, 2021

5 Ways to Finally Get Your Procedure Manuals Done

We’re amazed at the number of people who really want to develop better standard operating procedures for their organization, who clearly understand the benefits of standardized procedures and who even have management mandates and funded projects to develop or update their policies and procedure manuals. read more... about 5 Ways to Finally Get Your Procedure Manuals Done

Wednesday, March 3, 2021

Are Your Bank Policies and Procedures Flexible Enough to Handle Exceptions?

Training bank employees and keeping them compliant with regulations is a big challenge. Just about every business is interested in improving organizational performance and with the increased regulations coming down the pike, it is only going to get more difficult to achieve compliance. As we shared read more... about Are Your Bank Policies and Procedures Flexible Enough to Handle Exceptions?

Wednesday, March 3, 2021

Tip to Keep Compliance Policies and Procedures from Becoming Unusable

Why do so many companies end up writing policies and procedures that are confusing and full of redundancies as well as extremely difficult to update and maintain? The root cause is typically the underlying structure (or lack of structure). Here is a technique that will help. It might seem a little counter-intuitive for some people, but keep an open mind. read more... about Tip to Keep Compliance Policies and Procedures from Becoming Unusable

Wednesday, March 3, 2021

Insider’s View: The importance of Policies and Procedures in CFPB audits

Guest blogger, Shelly Snapp shares first hand experience of why well-written policies and procedures are a life-saver in navigating Consumer Financial Protection Bureau (CFPB) audits in particular. A vast majority of industries today find themselves challenged not just to keep up with the demands of the consumer’s every changing need, but also the changes within the laws and regulations. read more... about Insider’s View: The importance of Policies and Procedures in CFPB audits

Wednesday, March 3, 2021

When Should You Repeat Yourself When Writing Policies and Procedures?

Deciding how—and when—to repeat information is a common problem that most writers face especially when writing policies and procedures. Obviously, being concise is important. Repeating detailed information throughout your content increases the length of your employee manuals and makes updates more difficult. read more... about When Should You Repeat Yourself When Writing Policies and Procedures?

Wednesday, March 3, 2021

Why Are Standard Operating Procedures Important?

The important task of writing policies and procedures rarely gets the respect it deserves. Most people recognize the need for having standard policies, but standard operating procedures often get viewed as a necessary evil. Why is that? The COMPROSE Policy and Procedure Pros decided to devote t read more... about Why Are Standard Operating Procedures Important?

Wednesday, March 3, 2021

Non-Compliance: Why Your Policies and Procedures May Be the Culprit

Keeping employees compliant with regulations is a huge challenge for many of our customers. Every time they turn around it seems there is a new law or new regulation they have to implement and get their workforce trained on. And the compliance problem is only going to get worse with all the pressure now for increased regulation from the Consumer Financial Protection Bureau and other agencies. read more... about Non-Compliance: Why Your Policies and Procedures May Be the Culprit

Wednesday, March 3, 2021

Bank Regulators Caution about Boilerplate Policies and Manuals

In our ongoing efforts to research and pass along current trends, we recently met informally with several Federal Bank Regulators to get their thoughts on the good, bad, and ugly regarding policies and procedures in banking and how P&Ps affect bank examinations and standardizing operations in bank branches. read more... about Bank Regulators Caution about Boilerplate Policies and Manuals

Wednesday, March 3, 2021

Think "Systemizing" is Boring and Low Value? Think Again!

Many people resist “systems-thinking” and standardizing operations or think its boring mumbo jumbo. For those of you nodding your head in agreement right now, consider this: $360,000 saved in one work group (direct mail services group) Achieved ISO9000 in half the normal time read more... about Think "Systemizing" is Boring and Low Value? Think Again!

Wednesday, March 3, 2021

"Board Approved" Procedure Doesn't Necessarily Mean It's Right

If you want an example of how much clear written policies and procedures matter in the real world , just look at the current crisis in the banking sector. Everyone from shareholders, cable talk show hosts, to Congress wants to know what standardized procedures, management practices and safeguards were in place, and who was responsible for what. read more... about "Board Approved" Procedure Doesn't Necessarily Mean It's Right

Wednesday, March 3, 2021