CFPB to ‘deprioritize’ small-business lending data collection enforcement
The CFPB will not prioritize enforcement of its Section 1071 small-business lending data collection rule for businesses not covered by...
Compliance and Risk
FinCEN issues alert on oil smuggling schemes along southwest border
In addition, OFAC sanctioned three Mexican nationals and two Mexico-based entities involved in a drug trafficking and fuel theft network...
CFPB agrees to end UDAAP lawsuit
ABA, the Texas Bankers Association and other plaintiffs announced they have reached an agreement with the CFPB to end a...
FCC proposes call authentication requirement for non-IP networks
The FCC voted to advance an ABA-backed proposal to create a new call authentication requirement designed to limit criminal access...
Court orders pause for southwest border geographic targeting order
A federal court in California issued a temporary restraining order preventing enforcement of a FinCEN order requiring money services businesses...
Harnessing fintech for digital growth at community banks
A key choice: Out-of-the-box capacity to launch immediately versus the ability to customize a platform to a bank’s needs.
Fed, FDIC withdraw statements on managing risks for crypto
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of...
FBI: Internet crime losses rose 33% in 2024
Reported losses from suspected internet crimes exceeded $16 billion in 2024, representing a 33% increase from the year before, the...
FDIC changes contractor used to market failing banks
The FDIC announced it is changing the virtual data room contractor used to market failing financial institutions. The agency will...
What the FDIC can learn from the NFL’s independent review process
When banks appeal a supervisory determination at the FDIC, they do not get an independent review. Instead, they appeal to...
