A look at how the Yates Memo holds individuals accountable for corporate wrongdoing.
Browsing: Compliance and Risk
Can a bank text updates to the kids in its savings club?
The Financial Crimes Enforcement Network’s evaluations of the regulatory impact of its proposal to enhance customer due diligence requirements fail to consider the true costs and effects — and overstate the benefits — the rule would impose on banks of all sizes, ABA said in a members-only staff analysis issued today.
Community banks continue to experience increases in compliance burdens associated with Dodd-Frank Act rules, the Government Accountability Office said yesterday in its annual report on Dodd-Frank regulations.
In response to ongoing feedback from bankers and ABA staff related to FASB’s Current Expected Credit Loss impairment accounting standard, FASB Chairman Russ Golden informed ABA’s Rob Nichols that the organization will hold a public roundtable during the first quarter of 2016 that will include community bankers, regulators and auditors to address misconceptions and other concerns about the CECL model.
The federal banking agencies today released their fourth request for comments under the decennial Economic Growth and Regulatory Paperwork Reduction Act review, making it the final opportunity for bankers to share specifics on unnecessarily burdensome regulations that should be changed via the EGRPRA process.
In response to recent questions from member banks, ABA today issued a staff analysis providing clarity on new exception to the annual privacy notice requirement recently signed into law.
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was enacted in 2009, the Consumer Financial Protection Bureau said in a report today.
The OCC is proposing guidelines on recovery planning for the financial institutions it regulates with assets of more than $50 billion.
By Jill M. Goldman, Esq. The first question to ask when trying to deliver any type of message is, “who is your audience and how do you reach them?” This is especially important for the bank marketer. In today’s changing world, the main portion of the audience is online and readily accessible in social media