Weekly Round Up:
This week’s topics include: Keeping regulators off your doorstep – do you have Compliance Management System (CMS) in place to protect yourself from regulatory, HR and operational risks? Also, the CFPB has expanded its oversight to non-banking financial institutions so it’s time for the industry to prepare. The importance of having an effective corporate compliance program in place (ideally with a CMS) is crucial now more than ever.
In addition to a corporate compliance program, it’s important to practice what you preach with a culture of compliance within the workplace by setting the tone in the middle by enabling your middle managers to be your compliance advocates. A compliance management system (CMS) is key to mitigating risk and reducing turnover within your organization (also decreasing chances for whistleblowers).
Happy regulators means happy executives; happy executives means happy managers and a happy workforce; and a happy workforce means happy customers. As for the unhappy customers, that’s why you have a Consumer Complaint Response Program in place, right?
Look at it this way: to keep the CFPB away, keep a compliance management system (CMS) and a corporate compliance culture at play.
- OSHA Making Changes to Whistleblower Investigations
- Satisfying Customers and the CFPB
- What Can an 1800’s Rail Worker Teach Us About Ethics?
- The Role of Technology in Managing Anti-Bribery, Corruption and Fraud
- Reverse the Turnover Curse