Chopra resists requests to define ‘junk fees’ with specificity
Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part...
Compliance and Risk
CFPB to examine nonbanks for consumer risks
The Consumer Financial Protection Bureau today said it would invoke a “largely unused” authority under the Dodd-Frank Act to directly...
Shorter settlement cycle means banks’ brokerage services face challenges
Banks that retain more of their brokerage activity in-house but outsource functions such as trade execution or clearing to third...
OFAC announces additional Russian sanctions
The Treasury Department’s Office of Foreign Assets Control sanctioned Transkapitalbank, a Russian commercial bank, and its subsidiary, Joint Stock Company...
The case for one-click compliance to fight cyber attacks
Helping banks secure their email—and their organizations
ABA, SBAs: CFPB RFI shows ‘deeply flawed conclusions’ on consumer financial markets
The American Bankers Association and all 51 state bankers associations directly challenged the CFPB on a recent request for information...
Trade groups: CFPB’s revised adjudication rules ‘a step in the wrong direction’
The CFPB’s newly revised rules of practice for administrative adjudication are “a step in the wrong direction,” expanding the powers...
Four ways banks can successfully de-risk legacy application cloud migrations
Which applications can be moved safely as they are, which ones should be modernized before they are moved and which...
The realities of ransomware
Banks and businesses face a growing threat from malicious cyber actors seeking to hold critical systems hostage.
Yellen calls for ‘appropriate oversight’ for digital asset, crypto firms
In a letter to FDIC-insured banks, the agency requested that any institution considering engaging in crypto-related activities provide notification to...
