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...
Compliance and Risk
Agencies Issue Policy Statement on Examination Reports
As part of its ongoing exam modernization initiative, the Federal Financial Institutions Examination Council today issued a policy statement aimed...
CFPB Seeks Public Comment on PACE Loans
The Consumer Financial Protection Bureau today requested public feedback on Property Assessed Clean Energy loans, a controversial type of financing...
BAFT Releases Playbook for Correspondent Banking Users
As part of its efforts to address the significant decline in global correspondent banking relationships since 2011, BAFT today released...
Compliance in 2019: What to Expect and Where to Focus
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the...
Legal Analysis Finds FDIC Has Broad Authority on Brokered Deposits
The FDIC has “ample existing authority” to address the regulation of brokered deposits, according to a legal analysis by law...
What We Talk About When We Talk About ‘Deregulation’
An imprecise way of talking about a regulatory reform bill is leading to industry confusion.
ABA, Trade Groups Oppose Remittance Tax to Fund Border Security
Imposing a 5 percent tax on cross-border remittances to fund border barriers -- as envisioned in H.R. 85, the Fund...
CFPB Analysis of SARs Finds Elder Financial Abuse Widespread, Costly
The number of Suspicious Activity Reports filed on suspected elder financial abuse quadrupled from 2013 to 2017, rising to 63,500...
CFPB Unveils Electronic Platform for Prepaid Account Agreement Submissions
Ahead of the effective date of its prepaid rule, the Consumer Financial Protection Bureau today unveiled a new electronic submission...
