Agencies: Amid ‘Elevated’ Risk, Banks Improve Leveraged Loan Risk Management
The share of low-rated commitments in the Shared National Credit portfolio rose slightly between 2018 and 2019, according to the...
Compliance and Risk
FDIC Finalizes Changes to Securitization Safe Harbor Rule
The FDIC today finalized amendments to its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC...
Fed Finalizes Rule to Clarify Bank Control Determinations
The Federal Reserve today issued a final rule amending its existing rules for determining control of a company by another...
Otting Defends OCC’s CRA Modernization Proposal At House Hearing
During an often contentious hearing before the House Financial Services Committee today, Comptroller of the Currency Joseph Otting defended his...
ABA Calls for Transparency on Hemp Licenses, Flexibility on THC Test
ABA today recommended several changes to the U.S. Department of Agriculture’s interim final rule that would facilitate banks offering services...
Podcast: Beyond Stovepipes and Silos in Financial Crimes
For a long time, AML, cybersecurity and fraud prevention were seen as have-to-dos and cost centers, says Juan C. Zarate....
ABA Outlines Principles for More Transparent Regulation in Letter to FDIC
In a comment letter to the FDIC today, the American Bankers Association outlined five general principles that the agency should...
The Demographic Hurricane Makes Landfall
U.S. birth and marriage rates—and the life expectancy of its young people—are falling. How should banks respond to America’s demographic...
CFPB Policy Statement Provides Clarity on ‘Abusive’ Practices Under UDAAP
The Consumer Financial Protection Bureau today issued a policy statement outlining how it intends to cite and challenge “abusive” conduct...
CFPB Formalizes Policy on Using ‘Compliance Aids’
As part of a broader regulatory effort to clarify the role of guidance, the Consumer Financial Protection Bureau is issuing...
