Treasury Announces Steps to Counter Ransomware Threat
As part of its ongoing efforts to counter the growing threat of ransomware, the Treasury Department’s Office of Foreign Assets...
Compliance and Risk
Basel Committee Urges Banks to Up Their Cyber Risk Preparedness
With cyber incidents continuing to pose a threat to the financial system, the Basel Committee on Banking Supervision called on...
ABA Highlights Industry Progress to Help Customers Securely Share Financial Data
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on consumer access to personal...
ABA Urges FDIC to Provide Compliance Relief on Deposit Recordkeeping Rule
The American Bankers Association told the FDIC today that covered institutions continue to encounter major challenges in complying Part 370,...
Five BSA Hot Topics for 2021
Moving from a ‘check the box’ mentality to a system that better protects consumers and banks.
OCC’s Hsu: Regulatory Coordination Needed to Ensure Level Playing Field
In remarks at an industry event today, Acting Comptroller of the Currency Michael Hsu called for coordination between regulatory agencies...
ABA Urges CFPB to Engage with Industry on Mobile Disclosures Research
The American Bankers Association last week wrote to the CFPB offering support for the bureau’s efforts to research how consumers...
CFPB Issues Statement on Disaster, Emergency Supervisory Practices
The Consumer Financial Protection Bureau today issued a statement outlining its supervisory practices with regard to major disasters or emergencies.
Avoiding Fraudulent Transfer Claims from Loan Workouts
Here are five actions banks can take to stay out of trouble.
OCC’s Hsu: Improving CRA Is Urgent
Acting Comptroller of the Currency Michael Hsu said he “feels the urgency” to modernize the Community Reinvestment Act regulations as...
