ABA Urges House to Pass SAFE Banking Act
With a vote expected on H.R. 1595, the SAFE Banking Act, as early as tomorrow, ABA today wrote to House...
Compliance and Risk
N.Y. Fed Chief: Don’t Wait for Term SOFR to Begin Rate Transition
Market participants should not wait for term versions of the Secured Overnight Financing Rate to begin adopting it in contracts,...
Recession Risk: What’s the Role of the Risk Committee?
The essential question for any board risk committee can be boiled down to two words: What if? And these days,...
New Account Fraud Creates Friction for Banks
As account opening goes digital, fraudsters follow. It takes multilayered analysis of divergent data to keep up with them.
CFPB to Make ABA-Advocated Changes to Complaint Database
The Consumer Financial Protection Bureau will continue to publish a database of consumer complaints, but it will make several key...
Podcast: Compliance’s Role in Innovation and Change Management
The mindset of bank compliance officers is shifting to focus on how they can support product innovation and change management,...
Compliance Letters as a Marketing Tool
How you handle a regulatory mailing can reveal quite a lot about your organization. Consider these thoughts when you’re facing...
Report: CFPB Will Not Defend Its Leadership Structure in Court
The Consumer Financial Protection Bureau will not defend the constitutionality of its leadership structure—with a single powerful director who can...
ABA Calls for ‘Full, Indefinite’ Delay of CECL for All Banks
The American Bankers Association on Friday called on the Financial Accounting Standards Board to extend a “full and indefinite delay”...
Report: Sen. Crapo to Move Cannabis Banking Bill
Senate Banking Committee Chairman Mike Crapo (R-Idaho) signaled today that he will hold a committee vote on a bill that...
