Posted in: Social Media Compliance
Social media has become an integral part of communication and marketing strategies for banks. While these platforms offer numerous opportunities for engagement and outreach, they also pose unique legal challenges. From regulatory compliance to privacy concerns, banks must navigate a complex legal landscape to ensure their social media presence remains compliant and effective. In this […]
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Table of Contents How To Create a Social Media Risk Management Program for Banks and Credit Unions Introduction Social Media Risks for Financial Institutions Legal Requirements: The FFIEC Social Media Guidance Memorandum How We Craft a Social Media Risk Management Program for Financial Institutions Social Media Risk Management Program Requirements Social Media Policies, Procedures, and […]
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Learn How to Create a Social Media Risk Management Program for Banks & Credit Unions Banks and credit unions need a social media risk management program, but often don’t know where to start. So, we created a Free 45-minute course on how to protect your financial institution from legal risks. Learn from award-winning attorney, Ethan […]
Continue ReadingPosted in: Social Media Compliance
Social media compliance for financial institutions can be confusing. For starters, nearly all banks and credit unions existed prior to the rise of social media. This means that the laws governing financial institutions existed prior to most banks and credit unions use of social media sites like Facebook and Instagram. This often results in Marketing, […]
Continue ReadingPosted in: Social Media Compliance
Does your bank or credit union use social media? Awesome. In today’s day and age, banks and credit unions need to have a social media presence to survive. But are you demonstrating social media compliance for credit unions or social media compliance for banks by having the required social media risk management program in place? […]
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Are your bank or credit union employees leaving positive online reviews? Awesome. That’s a wonderful thing to let people know how much they love the bank. But are they violating influencer aws by doing so? Oh my goodness, that could be terrible for social media compliance for credit unions or social media compliance for banks. […]
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Does your credit union or bank run online giveaways? Awesome. These contests and sweepstakes, and giveaways are a great way to get exposure, and to attract attention to your social media profiles. But, there are specific laws and regulations that govern these giveaways. And if you don’t have the right risk management in place, you […]
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Does your credit union or bank use social media? Does your bank or credit union have employees? If you answered yes to these two questions, then you need to have employee social media policies in order to mitigate risks and achieve social media compliance for credit unions or social media compliance for banks. As a […]
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Is your bank or credit union preserving social media content? What? No. What are you thinking? You may not be in compliance with the Community Reinvestment Act which can have a tremendously harsh impact on your need for social media compliance for banks or social media compliance for credit unions. As a social media attorney […]
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Does your bank or credit union promote credit loans or savings products on social media? If so, it’s a great way to get in front of potential customers and members and promote your financial products. But did you know that you have to comply with financial laws and regulations that govern credit and loan products, […]
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