Browsing: Compliance and Risk

Compliance and Risk

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.

Compliance and Risk

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.

Compliance and Risk

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.

Compliance and Risk

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

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