Browsing: Compliance and Risk

Compliance and Risk

In remarks today at the ABA/ABA Money Laundering Enforcement Conference, Deputy Attorney General Sally Quillian Yates announced an update to the manual for federal prosecutors that will incorporate new guidelines for the prosecution of individuals in cases of corporate wrongdoing and the standards that must be met by corporations in order to receive cooperation credit from the Department of Justice.

Compliance and Risk

The FDIC today updated its 2005 guidance on payday lending by banks to emphasize that the guidance does not apply to banks providing bank services to payday lenders. The guidance applies to payday loan-style products made directly to consumers by banks. “Financial institutions that can properly manage customer relationships and effectively mitigate risks are neither

Community Banking

In his first official communication to bank CEOs, ABA’s Rob Nichols on Friday stressed the urgent need for regulatory relief and encouraged bankers to join ABA in going all-out to see legislation enacted by year-end. “The overregulation of banking is unsustainable and poses a real and present danger to communities across the country,” Nichols said.

Compliance and Risk

The Federal Financial Institutions Examination Council today released revisions to its FFIEC Information Technology Examination Handbook to incorporate information on IT governance and IT risk management.

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