Cross River’s compliance framework is a strategic asset for our clients and their customers. We strive to be the industry’s Gold Standard, requiring adherence to laws and regulations, as well as a solid compliance management system. We believe responsible corporate governance is an imperative.
We understand the complex, ever-shifting regulatory environment of global banking, and view the Compliance Framework under which we operate as a benefit and protective umbrella for our customers, employees and shareholders.
COMPLIANCE FRAMEWORK
Where knowledge meets responsibility.
Striving to be the Gold Standard
Compliance Overview
Cross River incorporates people, processes, and technology to form a trusted internal Compliance Management System which includes:
- BACKGROUND CHECKS
- UNDERWRITING
- FEDERAL & STATE LICENSURE REVIEWS
- POLICY & PROCEDURE REVIEWS
- DAILY REVIEW OF FILES
- SAMPLE TRANSACTION REVIEWS
- SITE VISITS
- ANNUAL REVIEW OF RELATIONSHIP
- MARKETING, ADVERTISING & WEBSITE REVIEWS
- REGULATORY RISK ASSESMENTS
COMPLIANCE FRAMEWORK
FDIC MEMBER
Since its founding, Cross River has been a member of the Federal Deposit Insurance Corporation (FDIC).
EQUAL HOUSING LENDER
As an Equal Housing Lender, we conduct business in accordance with Federal Fair Lending Laws.
OLPI FOUNDER
We engage policy makers and industry stakeholders in the creation of public policy supportive of consumers.
