Agencies Facilitate Transfers of Legacy Swaps Under ‘Hard Brexit’
With uncertainty rising around the United Kingdom’s pending withdrawal from the European Union, five federal regulatory agencies today issued an...
Compliance and Risk
FDIC Formally Rescinds Duplicative Disclosure Requirement
The FDIC today issued a final rule to rescind Part 350 from the Code of Federal Regulations, removing an annual...
Podcast: Where Banks Are on CECL, and Where They Need to Be
With the Current Expected Credit Loss standard for loan loss accounting coming into effect for many banks -- and the...
ABA, Trade Groups Call for National Beneficial Ownership Registry
As the House Financial Services Committee today held a hearing on the financial crime, the American Bankers Association joined eight...
CFPB Flags Mortgage Servicing Issues in Latest Supervisory Highlights
The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products...
Fed’s Brainard Discusses Potential Changes to CRA Assessment Area Definition
As financial regulators continue their review of the Community Reinvestment Act regulations, Federal Reserve Governor Lael Brainard today said that...
FinCEN Updates List of AML/CFT Jurisdictions
The Financial Crimes Enforcement Network last week released a revised list of the jurisdictions that are subject to countermeasures or...
As CECL Looms, Prepare for Board Discussions
Loan committees and chairs should be positioned to play a role to facilitate discussions about the new loan loss accounting...
Bipartisan Cannabis Banking Bill Introduced
Reps. Ed Perlmutter (D-Colo.), Denny Heck (D-Wash.), Steve Stivers (R-Ohio) and Warren Davidson (R-Ohio) today introduced a bipartisan bill that...
CFPB to Focus on ‘Prevention of Harm’ Under Kraninger’s Leadership
The Consumer Financial Protection Bureau will focus on “the prevention of harm” under her leadership, CFPB Director Kathy Kraninger said...
