Compliance

ABA to Launch ERM Professional Development Program

ABA will partner with the University of Maryland’s Robert H. Smith School of Business to present a new advanced enterprise risk management professional development program designed for senior risk management professionals across the banking industry.

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CFPB Proposal Would Undermine Benefits of Arbitration

The Consumer Financial Protection Bureau today released a proposal that would prohibit customers from waiving their ability to participate in class action suits and limit drastically the use of mandatory arbitration agreements for financial products and services.

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FFIEC Proposes New Consumer Compliance Rating System

The Federal Financial Institutions Examination Council today proposed a new uniform interagency consumer compliance rating system, intended to reflect changes in consumer compliance supervision since the current system was introduced in 1980.

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ABA Voices Support for Expanded Exam Cycle

In a comment letter to the federal regulatory agencies today, ABA commended regulators on a recent interim final rule expanding the 18-month exam cycle for certain small insured depository institutions under $1 billion—part of ABA’s Agenda for America’s Hometown Banks.

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Goodbye, Silos

How banks can reshape their cultures to take compliance from a back-office task silo to a pervasive set of behaviors and beliefs.

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ABA Compliance Center Inbox, May/June 2016

Q: Under the Anti-Tying Rule, would a bank be prohibited from requiring a person to have a deposit or loan account at the bank in order to get a safe deposit box? A: No. Requiring a customer to have an account relationship with the bank does not violate anti-tying rules. The anti-tying rule specifically allows a bank to condition both ...

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