Sharing Suspicions
Automated collaboration among financial institutions can help banks, and law enforcement, fight financial crime more efficiently and effectively.
Compliance and Risk
ABA Compliance Center Inbox, November/December 2016
The creditor will need to defend its underwriting practices to “prove” that education level provides some amount of repayment predictability.
Of Deadlocks and a Divided Court
The possibility of a 4-4 deadlock hangs over three cases with repercussions for the banking industry when the Court convenes...
ABA Urges FDIC to Take Tailored Approach to Third-Party Lending
ABA today responded to proposed guidance by the FDIC addressing safety and soundness and consumer compliance measures institutions should follow...
Cordray Urges Banks to Review Complaints in CFPB Database
Consumer Financial Protection Bureau Director Richard Cordray today said he “urged” all bankers to review and analyze complaints in the...
FinCEN Issues Guidance on BSA Reporting of Cyber Threats
Bank Secrecy Act-mandated reports play a critical role in helping stop cyber threats, the Financial Crimes Enforcement Network said in...
Joint Trades Voice Concern for Records Disclosure Proposal
In a joint letter with five financial trade associations today, ABA raised concerns about the Consumer Financial Protection Bureau’s proposed...
Cordray: Consumers Free to Authorize Third-Party Access to Data
Bank customers ought to be free to authorize third parties to access their bank account information without limit, Consumer Financial...
Agencies Issue Appraisal Exception in Flood-Struck Louisiana Areas
The FDIC, Federal Reserve, OCC and National Credit Union Administration today announced an exception to regulatory real estate appraisal requirements...
ABA Supports BSA/AML Requirements for Banks without Federal Regulators
In a letter to the Financial Crimes Enforcement Network today, ABA expressed support for a proposal that would subject banks...
