FinCEN issues statement on due diligence for independent ATM owners, operators
The Financial Crimes Enforcement Network issued a statement reminding banks of how to apply a risk-based approach to conducting customer...
Compliance and Risk
Banking groups cry foul after FDIC abruptly closes OSA, reinstates SARC
ABA and five other banking trade groups this week shared their concern with the FDIC’s decision to eliminate the recently...
Jackson recognized with Distinguished Service Award
Lawrence “L. Ray” Jackson, former FDIC deputy regional director for the division of depositor and consumer protection in the Chicago...
FDIC proposes significant increases in deposit insurance assessments
The FDIC today signaled an intent to aggressively raise deposit insurance assessment rates, proposing a two basis-point increase beginning in...
ABA calls for significant changes to SEC climate risk disclosure framework
Warning that the agency is going far beyond its mandate, the American Bankers Association today week urged the Securities and...
CFPB moves to scrutinize banks’ overdraft programs
As part of a pilot supervision effort, the CFPB has requested information on overdraft and non-sufficient funds practices from “over...
Basel Committee finalizes principles for managing climate-related financial risks
The Basel Committee on Banking Supervision yesterday issued a final set of principles in its consultation on the effective management...
Payment messaging upgrade promises benefits
Enriched data from ISO 20022 is expected to spur new payment-related products and more insightful analysis into customer payment patterns
CFPB seeks feedback on consumers’ ability to obtain information from large institutions
The CFPB is seeking public feedback “related to relationship banking and how consumers can assert the right to obtain timely...
ABA opposes overdraft bill ahead of committee markup
Ahead of a markup scheduled to begin tomorrow in the House Financial Services Committee, ABA sent a memo to lawmakers...
