A recent lawsuit against Facebook was just the latest wrinkle in the challenge of digital marketing compliance, an area that poses challenges to bankers because of its rapid change, its relative newness and a variety of regulatory implications—challenges that are usually outweighed by the benefits of digital marketing.
The federal banking agencies announced today that they would defer for an additional two years action related to restrictions for certain foreign funds that may have been unintentionally covered under the Volcker Rule.
Midsize banks are at an inflection point: their ranks are growing as banking sector consolidation continues, and while these banks are ramping up their risk and compliance functions, they don’t need the same kinds of programs as the largest banks.
The FDIC today said it would issue a notice of proposed rulemaking to amend its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC is appointed receiver or conservator for an insured depository institution that has sponsored one or more securitization transactions.
The FDIC today approved two long-awaited final rules to resolve workability issues with its deposit insurance regulations.
The American Bankers Associatin today wrote to the Consumer Financial Protection Bureau in support of its plan to review rules that have or will have a significant economic impact upon a substantial number of small entities.
…and more insights from ABA’s Regulatory Compliance and Policy Inbox in the next issue of the ABA Banking Journal.
The five federal financial regulatory agencies today finalized a rule implementing a section of the S. 2155 regulatory reform law that grants an exclusion from the Volcker Rule for certain community banks.
In a white paper released yesterday, the Federal Reserve System documented the current state of synthetic identity fraud and its effects on the payments industry.
In remarks at a conference at the Federal Reserve Bank of Boston today, Fed Vice Chairman for Supervision Randal Quarles highlighted ways his agency is working to make stress tests more transparent, simple and less volatile.