Mastering Risk in 2018 and Beyond

What banks and their tech partners are looking for in each other.

FHFA released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters as well as nationwide data on housing and the mortgage market.

FinCEN received more than 15,000 Bank Secrecy Act reports about possible mail theft-related check fraud during a six-month period in 2023, which were associated with $688 million in actual or attempted transactions.

The FDIC is drafting a proposed rule to require banks to maintain ledgers of “for benefit of” accounts opened by financial technology companies, Bloomberg Law reported.

Federal Communications Commission Chairwoman Jessica Rosenworcel announced that the FCC will vote later this month on new rules to combat illegal calls and text messages that ABA had urged the commission to issue.

FinCEN’s proposed changes to the BSA program rule requiring financial institutions to establish and maintain risk-based anti-money laundering programs are unlikely to bring about meaningful reform, ABA said.