CFPB Updates TRID Compliance Guide Compliance and Risk October 13, 2016 The Consumer Financial Protection Bureau yesterday issued an updated small entity compliance guide to the TILA-RESPA integrated disclosures.
Basel Proposes Interim Retention Treatment of Loss Provisions Newsbytes October 11, 2016 With new expected credit loss approaches coming on line soon, the Basel Committee on Banking Supervision today issued a document...
G7 Issues Outline of Financial Cybersecurity Elements Cybersecurity October 11, 2016 The Group of Seven advanced democracies today issued an outline of non-binding elements that financial firms can use to enhance...
Court Tightens Reins on CFPB Director’s Authority Compliance and Risk October 11, 2016 The Consumer Financial Protection Bureau’s leadership structure -- a single powerful director who cannot be removed at will by the...
Brainard: Fed Reviewing Blockchain Use Cases Newsbytes October 10, 2016 The Federal Reserve has convened a working group on distributed ledger technology, commonly known as blockchain, to review its uses...
Treasury’s Raskin Calls for ‘Dynamic’ Authentication Cybersecurity October 6, 2016 Noting that cybersecurity challenges continue to grow, Deputy Treasury Secretary Sarah Bloom Raskin today called for “better solutions” to customer...
CFPB Finalizes New Rules, Disclosures on Prepaid Products Compliance and Risk October 5, 2016 The Consumer Financial Protection Bureau today issued final rules on prepaid financial products, including prepaid cards and digital wallets that...
Credit Cards, Online Bill Pay Increase Shares of Payments Newsbytes October 4, 2016 Credit cards and online bill pay increased their shares of all payments, according to results from the Federal Reserve Bank...
Task Force Assessments on ‘Faster Payments’ Due Mid-2017 Cybersecurity October 4, 2016 The task forces convened as part of the Federal Reserve’s “faster payments” initiative have begun reviewing 19 specific proposals to...
ABA: FDIC Exam Appeals Changes Need to Go Further Compliance and Risk October 3, 2016 The FDIC’s proposed supervisory changes to expand banks’ exam appeals options are positive but not nearly enough to address exam...
