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FFIEC

The Federal Financial Institutions Examinations Council focuses on principles and practices for financial institutions.

Institutions
Examinations Council

The Federal Financial Institutions Examinations Council focuses on principles and practices for financial institutions. It is organized as a five-member agency,

The Federal Financial

Institutions
Examinations Council

The Federal Financial Institutions Examinations Council focuses on principles and practices for financial institutions. It is organized as a five-member agency, FFIEC

The FFIEC outlines guidance for compliance to financial institutions. The five members are Fed, FCIS, OCC, NCUA and CFPB. At Digital Forge, we have focus on FDIC, CFPB, NCUA and OCC.

FDIC or Federal Deposit Insurance Corporation provides protection of the money stored in banks.CFPB or Consumer Financial Protection Bureau is the single

point of contact in protecting consumer rights within the financial marketplace.

NCUA or National Credit Union Association provides protection of the money stored in credit unions.OCC or the Office of the Comptroller of the Currency ensures safe federal banking for all Americans.

point of contact in protecting consumer rights within the financial marketplace.

NCUA or National Credit Union Association provides protection of the money stored in credit unions.OCC or the Office of the Comptroller of the Currency ensures safe federal banking for all Americans. FFIEC

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Digital Forge
Here to Help

Code of Conduct compliance Insights By Industry

While at a quick glance, these compliance elements seem to cover the same thing, the intricacies and the compliance required by organizations that do business with them is where we come in. Digital Forge is here to help you know which regulations you need to comply with when doing business, as well as how to implement it within your organization. Even as a financial institute, you may be impacted by more than one of these making guidance and assistance in selecting and implementing the right systems to meet compliance key.

To meet the FFIEC requirements, it is important to look at how the financial transactions occur, where they occur and what institution the transaction is with. Transactions between a bank and a credit union will have to comply with FDIC and NCUA, while they both need to fall under the CFPB and OCC simultaneously.FFIEC acts like a blanket policy, covering all necessary elements for all financial institutes. Our experts will guide you through creating the plan and implementing the systems to meet the needs of FFIEC so you can continue doing business without a hiccup.