House Financial Services Committee Chairman Jeb Hensarling (R-Texas) yesterday wrote to the Department of Education challenging its proposed rule that includes some provisions regulating campus bank accounts.
Browsing: Compliance and Risk
ABA and several housing and financial trade groups yesterday asked the federal banking agencies to issue formal joint guidance through the Federal Financial Institutions Examination Council clarifying how they will examine compliance with the TILA-RESPA integrated disclosures after the new forms and processes take effect Oct. 3.
As part of its efforts to reduce Call Report burden, the banking agencies today advanced changes to the Call Report — proposing to eliminate or revise several Call Report entries and signaling further action down the road.
ABA today filed its third comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter covered several issues related to flood insurance and money laundering, including currency transaction reports, suspicious activity reports and BSA exams.
The Federal Housing Administration on Monday proposed changes to its lender certification rule in an attempt to clarify when it might seek to recover losses for defective loans. Among other things, the changes require a lender to certify that it has not been convicted of fraud or other disqualifying crimes within the past three years,
The Court noted in its opinion that on remand, the district court may need to review the City’s claims under the U.S. Supreme Court’s recent Inclusive Communities decision.
Any efforts made by the Consumer Financial Protection Bureau to “normalize” data in its consumer complaints database — that is, weighting it to account for differences that may distort interpretations of the raw data — would be fruitless to consumers without efforts to ensure the accuracy and integrity of complaint information, ABA said in a
The ABA Foundation and AARP have produced an infographic to help seniors understand the risks of joint bank accounts, which are sometimes used to help seniors manage their finances by giving caregivers access to funds.
The lead story in the summer 2015 issue of the FDIC’s Supervisory Insights publication focuses on strategic planning in a difficult — and evolving — earnings environment.
ABA staff answer frequently asked compliance questions.