The AdvisX blog.
Imagine two scenarios. In the first, you fly to a beautiful, remote island for a carefree week at an exclusive and all-inclusive resort. You spend the week soaking up sun on the beach, enjoying fine dining, and snorkeling in the crystal clear water. Now for scenario two. Same beautiful island, but this time, there's no [...]
One of the defining characteristics of Sherlock Holmes (besides the deerstalker hat and overcoat) is his almost superhuman powers of deduction. In the first Sherlock novel, A Study in Scarlet, Holmes says, "From a drop of water, a logician could infer the possibility of an Atlantic or a Niagara without having seen or heard of one or the other." In every [...]
If you're a fashion fanatic and you want to get a jump on what will be hot next season, you'd probably want to look to the current fashion trends in New York. After all, New York, New York is known as one of the fashion capitals of the world. Now, if you're in charge of [...]
Originally published on CUInsight.com In the world of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML), it all comes down to perspective. For many financial institutions, the perspective sometimes becomes locked down tight. Day in and day out, the systems look at the same things over and over again. In a sense, it’s like they’re [...]
Humans have a remarkable ability to get used to things. For example, on a trip to Yellowstone National Park several years ago, I saw a group of people excitedly pointing to something off in the distance. They had cameras out and were acting as if they were seeing Sasquatch. However, when I got close enough [...]
It's common knowledge that the part of an iceberg that can be seen above the surface is just a small portion of the whole iceberg. In fact, about 90 percent of the iceberg is hidden below the water's surface. If you are trusting your fair lending risk to just the data visible on the surface, [...]
We’ve all heard the expression, “how do you eat an elephant? One bite at a time.” The inventor of this phrase must have been marooned and starving on an elephant-infested island, because seeing an elephant and wondering, “how am I going to eat that thing?” is not exactly a normal reaction. Even an avid steak-eater [...]
2016 is just about gone, but there's still just enough time to look back and see where we've been. Here's a look back at the top 5 most popular blog posts of 2016. 1. FinCEN's Top 3 Money Laundering Concerns The fight against money laundering and terrorist financing in the U.S. is an ongoing and evolving battle. [...]
Pendulums tend to swing, and the Fair Lending pendulum is no exception. Over the last few years, with the transition of HMDA rulemaking to the Consumer Financial Protection Bureau, and with the CFPB's new final rule expanding HMDA data collection requirements, it's clear that the pendulum has been swinging toward a tougher regulatory environment. With [...]
Originally published on CUInsight.com When I was young, a teacher shared an analogy that has always stuck with me. I can’t exactly remember what she called it, but I’ve taken to calling it “2-D Bob Meets 3-D Jill.” My teacher started by sketching a diagram on the board that looked something like this. Bob has [...]
