Kraninger to Focus on Transparency, Accountability as Head of CFPB if Confirmed
In testimony before the Senate Banking Committee today, Consumer Financial Protection Bureau director nominee Kathy Kraninger outlined her key priorities...
Compliance and Risk
NYDFS Final Rule Establishes ‘Best Interest’ Standard for Insurance Sellers
The New York Department of Financial Services today issued a final rule adopting a “best interest” standard for insurers licensed...
ABA Recommends Changes to CFPB’s Complaint Handling Process
In a comment letter to the Consumer Financial Protection Bureau yesterday -- the twelfth and final one that the association...
DOJ Launches New Task Force on Consumer Fraud
In response to an executive order today by President Trump, the U.S. Department of Justice launched a new task force...
Trade Associations Urge Congress to Take Action on Flood Reauthorization
A group of 22 trade associations today wrote to congressional leaders urging them to take swift action to extend the...
Known Risk Indicators Enrich Quality of AML Board Reports
How can bank directors equip themselves when it comes to approving programs and policies for financial crimes?
Agencies Grant S. 2155 Stress Testing Exemption to All Institutions Under $100B
Thanks to a joint statement by the federal banking agencies today, the Dodd-Frank Act-mandated company-run stress tests have been ended...
S. 2155 Improves Treatment of Reciprocal Deposits
Reciprocal deposits can help banks succeed and keep local money working locally.
Agencies Issue Statement on Implementing S. 2155’s HMDA Reporting Exemptions
The Consumer Financial Protection Bureau, FDIC and OCC today each issued statements acknowledging the partial exemptions granted under S. 2155...
Agencies to Determine ‘Living Will’ Requirements for Regional Banks
As they implement S. 2155, the Federal Reserve and the FDIC today said that they are beginning the process of...
