CFPB Nominee Has ‘Open Mind’ About Potential QM Rule Changes
At his confirmation hearing to serve as the next director of the Consumer Financial Protection Bureau today, Rohit Chopra told...
Compliance and Risk
Brainard: Banks’ COVID-19 Resilience Shows Importance of Strong Capital, Liquidity Buffers
In remarks at a virtual industry event today, Fed Governor Lael Brainard commented on the strong performance of the banking...
Agencies Update BSA/AML Examination Manual
The Federal Financial Institutions Examination Council today released updates to its Bank Secrecy Act/anti-money laundering examination manual.
Quarles Highlights Role of Stress Tests in Pandemic Response
The Federal Reserve’s efforts to improve the efficiency and effectiveness of stress tests have proven critical in helping the agency...
Capturing These Three Data Types Can Transform Your Fraud Monitoring
Viewing financial fraud through the eyes of bad actors is the key to stopping it.
FinCEN Issues Advisory on Economic Impact Payment Fraud
The Financial Crimes Enforcement Network today issued an advisory alerting banks to economic impact payment fraud. The advisory describes EIP...
CFPB Issues Statement on QM Rule Compliance Deadlines
As the Consumer Financial Protection Bureau considers whether to revisit its recent final rules regarding the definition of Qualified Mortgage...
Social Media Compliance Lessons From COVID-19
Fast-paced digital transformation has meant increased compliance concerns.
ABA, 360factors Launch Online Bank Risk Library
ABA and 360factors have launched the ABA Risk Library, an online library of more than 200 risk categories and 800...
ABA Urges Interagency Coordination on SAR Exemption Rules
The American Bankers Association wrote to the federal banking agencies today urging them to pursue a single interagency rulemaking instead...
