ABA offers proposals for easing BOI reporting burden on banks
ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements,...
Compliance and Risk
ABA, associations urge SEC to rescind cyber disclosure rule
ABA joined the Bank Policy Institute and three other associations in calling on the SEC to rescind its cyber incident...
EEOC opens collection of EEO-1 data; submission deadline June 24
Survey requires private employers with 100 or more employees and federal contractors with 50 or more employees to submit data...
#PracticeSafeChecks campaign wins two Telly Awards
An ABA public education campaign warning consumers about the risks of check fraud has received two awards for video and...
Harnessing AI for smarter, stronger compliance
Banks that successfully integrate AI into their compliance operations tend to follow the mantra: Automate the process, not the principle.
FDIC provides update on Deposit Insurance Fund restoration
DIF reserve ratio remains on track to reach the statutory minimum of 1.35% by year's end. Also, FDIC will explore...
How one bank’s ‘stop and think’ message slashed customer fraud losses
What constitutes effective fraud prevention strategy? One path to success is a larger, strategic program.
ABA, associations urge flexibility in large bank stress test changes
ABA joined three financial sector associations in urging the Federal Reserve for a more flexible compliance deadline for proposed changes...
CFPB ends pandemic-related mortgage foreclosure relief
The CFPB issued an interim final rule ending protections for mortgagors experiencing hardships due to the COVID-19 pandemic.
CFPB withdraws proposed ban on certain contract language for financial products
The CFPB has withdrawn a proposed rule to prohibit contractual provisions in agreements for consumer financial products or services that...
