ABA: Overdraft Rule Empowers Consumers and Should Not Be Changed
Responding to a statutorily required review of the CFPB’s 2009 overdraft rule today, the American Bankers Association noted in a...
Compliance and Risk
Parting the Waters of Uncertainty for Private Flood Insurance
A new rule is expected to provide significant relief to lenders. Ensure your bank is ready to comply.
Are You Choosing Fintech—or Is Fintech Choosing You?
Risk management and compliance considerations along the path of banking innovation.
Basel Committee Makes Changes to Treatment of Client Cleared Derivatives
The Basel Committee today announced that it will revise the leverage ratio treatment of client cleared derivatives to align it...
ARRC Issues Recommendations on Risk-Free Rates in Cross-Currency Swaps
The Alternative Reference Rates Committee today released a document offering preliminary considerations for the use of risk-free rates in interdealer...
Fed, CFPB Issue Final Rule for Reg CC Inflation Adjustment Calculation
The Federal Reserve and the Consumer Financial Protection Bureau today finalized changes to Regulation CC (the Expedited Funds Availability Act)...
ABA Seeks Greater Clarity on Banks’ Ability to Serve Industrial Hemp Businesses
In a letter to the heads of the financial regulatory agencies on Friday, the American Bankers Association called for greater...
OCC Moves to Electronic Fingerprinting
The OCC today issued a bulletin informing banks that in July 2019 it will begin using an electronic fingerprinting process...
OCC Rescinds Guidance, Issues ‘Core Principles’ on Higher-LTV Loan Programs
Acknowledging banks’ innovative efforts to meet the credit needs of residents in distressed communities, the OCC today rescinded 2017 guidance...
FASB to Provide Relief on Libor Transition
As banks prepare to make the transition away from the London Interbank Offer Rate as a benchmark interest rate, the...
