Small Business Bank in Kansas closed by regulators
Kansas regulators closed Small Business Bank in Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of...
Compliance and Risk
FDIC issues relief guidance for banks serving tribes in Arizona, Montana affected by severe weather
The FDIC has released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas...
ABA, associations seek agency alignment on Genius Act implementation
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar...
ABA: OCC policy changes create uncertainty about minority deposit institution status
In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit...
Banking agencies promise new approach for handling sensitive information
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a...
Risk and compliance as strategic growth partners
Risk leaders must build relationships, credibility and trust at the bank so their input is valued.
Vought calls for more CFPB oversight, says open banking proposal coming soon
Congress should enact legislation to better define “unfair, deceptive, or abusive acts or practices” to avoid abuses by future regulators,...
ABA expresses support for strengthening FCC’s Robocall Mitigation Database
ABA expressed support for the Federal Communications Commission’s draft proposal to strengthen the Robocall Mitigation Database in a letter sent...
White House announces cybersecurity clearinghouse for software patches
The White House has announced a cybersecurity “clearinghouse” that would coordinate scanning for software vulnerabilities and the distribution of vulnerability...
House bill would increase transparency about small business lending program risks
A proposed bill supported by ABA would require the Small Business Administration to provide and make public more details about...
