Meeting Needs While Stopping Misdeeds
Five lessons from past Paycheck Protection Program fraud are reshaping how banks process PPP loans and forgiveness
Compliance and Risk
Banking Agencies Request Public Comment on Private Flood Insurance Guidance
The banking agencies today requested public comment on 24 proposed interagency questions and answers about private flood insurance.
CFPB Rescinds 2020 Policy Statement on ‘Abusive’ Practices Under UDAAP
The Consumer Financial Protection Bureau today rescinded a January 2020 policy statement that clarified the bureau’s approach to citing and...
May I Send Adverse Action Notices to Joint Applicants at the Same Mailing Address—Even if They Reside at Different Addresses?
. . . and other questions and answers from the March/April 2021 ABA Regulatory Policy and Compliance Inbox.
CFPB: Discrimination Based on Gender Identity, Sexual Orientation Illegal Under ECOA
The Consumer Financial Protection Bureau today issued an interpretive rule clarifying that the prohibition against sex discrimination as part of...
Navigating Virtual Examinations
Banking regulators have increasingly used offsite examinations procedures for certain types of monitoring and examination work. During the COVID-19 pandemic,...
Agencies Update FAQs on Coronavirus, CRA Activities
The banking agencies today updated a list of frequently asked questions related to the Community Reinvestment Act and the coronavirus...
ABA Endorsed Solutions Providers Collaborate to Offer Compliance Content
American Bankers Association Endorsed Solutions providers 360factors and Crowe have announced a collaboration that will make compliance content from Crowe...
The Financial Fraud Epidemic
As the COVID-19 pandemic turns one, bankers and cyber experts reflect on the rapid rise of scams and fraud schemes...
CFPB Extends Mandatory Compliance Date for QM Rule; GSE Patch Remains in Effect
As expected, the Consumer Financial Protection Bureau today proposed to delay the mandatory compliance date of the General Qualified Mortgage...
