Podcast: How One Bank Proactively Stops Senior Fraud
First Financial Bank takes elder fraud seriously. The $7.8 billion bank with locations across Texas has stopped $7.5 million in...
Compliance and Risk
GAO Finds Inconsistencies in Agencies’ Communication, Use of Supervisory Data
A recent review by the Government Accountability Office found notable variations in how federal banking regulators communicate their supervisory concerns...
Trade Groups Support FDIC’s Part 370 Recordkeeping Proposal
In a joint comment letter with the Bank Policy Institute and the Consumer Bankers Association yesterday, ABA offered support for...
ABA, Trade Group CEOs to Financial Institutions: Join Sheltered Harbor
The CEOs of six major financial industry trade groups—including ABA President and CEO Rob Nichols—wrote to the CEOs of all...
CFPB Seeks Feedback on Regulatory Review, Overdraft Rule
The Consumer Financial Protection Bureau today issued a notice detailing how it will periodically review regulations as required by the...
Fed Report: Bank Capital ‘Well Above Regulatory Requirements’
With Vice Chairman for Supervision Randal Quarles scheduled to testify on Capitol Hill next week, the Federal Reserve today released...
Leveraged Lending Is Rising, But Bank Exposure Is Limited
The rapid growth is attributable largely to nonbanks. Should this group of loans start underperforming, the risk to the banking...
FinCEN Issues Guidance on Convertible Virtual Currencies
The Financial Crimes Enforcement Network today issued guidance on how its regulations apply to money transmission involving convertible virtual currencies.
House Financial Services Committee Advances BSA/AML Bill
The House Financial Services Committee today voted to advance H.R. 2514—an American Bankers Association-backed bill introduced by Rep. Emanuel Cleaver...
Quarles Downplays Leveraged Lending Risks to Banks
In the wake of the Federal Reserve’s biennial financial stability report released yesterday, which flagged leveraged loans as a risk...
