CFPB Issues Guidance to Assist with Regulation F Compliance
The CFPB has released several guidance documents on validation notices that are intended to facilitate compliance with requirements in the...
Compliance and Risk
CFPB Director Concerned About Reg Burden for Small Banks
CFPB Director Rohit Chopra today said he is concerned about the potential regulatory burden that rules like the bureau’s pending...
Leveraging Crowdsourced Security to Defend Against Rising Threats
The more people are looking for vulnerabilities, flaws in security structures and emerging threats, the more prepared financial institutions will...
Chopra Addresses ‘Abusive’ Standard, Enforcement, 1033 Rulemaking in First Hill Appearance
In his first appearance before the House Financial Services Committee today, CFPB Director Rohit Chopra told lawmakers that although he...
FSB: COVID-19 Continues to Shape Financial Sector Vulnerabilities
The outlook for financial stability continues to be dominated by the economic fallout from the COVID-19 pandemic, according to a...
OCC Issues FAQs on Proposed Rule to Rescind 2020 CRA Regulations
The OCC today issued a set of frequently asked questions on its notice of proposed rulemaking to rescind its 2020...
ABA, Trade Groups Reiterate Opposition to Tax Reporting Proposal
A broad coalition of 99 trade groups representing various industries—including the American Bankers Association—today wrote to President Biden urging him...
Department of Labor Extends Compliance Date for Investment Advice Exemption
The Department of Labor today issued a field assistance bulletin to extend the compliance date for the class exemption on...
Survey: 79% of Firms Have Libor Transition Plan in Place
The majority of financial services firms, 79%, have some internal Libor transition plan in place, according to a new survey...
DOJ Announces Sweeping New Initiative to Combat Redlining
The Department of Justice, in collaboration with the OCC and CFPB, launched a major new initiative to combat redlining and...
