The May/June issue of ABA Bank Compliance magazine, now available online for subscribers, features a cover story on what continuing class action and enforcement litigation means for frontline bank compliance. Other stories cover what bankers are doing to “derisk,” how to build a positive compliance risk management culture and how to handle a change in
Johnny Gutierrez, a former loan officer at the Export-Import Bank of the United States in Washington, D.C., pleaded guilty for his role in approving unqualified loan applications in exchange for bribes.
Customers deserve the same level of protection whether they do business with nonbank payment startups or banks, ABA President and CEO Frank Keating said in an American Banker op-ed today. Keating was responding to arguments by former Treasury Secretary Larry Summers that nonbanks are at a regulatory disadvantage. “Banks provide extensive protections to consumers on
The ABA Compliance Network recently surpassed the 5,000-member mark, providing ABA member bank compliance professionals with nearly a free, private online forum to ask questions and share ideas, insights and resources.
The House Financial Services Committee’s Task Force to Investigate Terrorism Financing will hold a hearing on April 22 on global terrorism and terrorist financing.
The dearth of bank startups in recent years may have something to do with declining business dynamism and weak job growth, Frank Keating wrote in an op-ed in The Hill on Friday.
The Consumer Financial Protection Bureau today issued an interpretive rule intended to help lenders comply with the requirement in its mortgage servicing and high-cost mortgage rules to provide a list — shortly after a borrower applies for a mortgage — of Department of Housing and Urban Development-approved housing counselors nearby.
The OCC today updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X.
Several GOP members of the House Financial Services Committee wrote to leaders of the Federal Reserve, CFPB and OCC to urge them to formally disclaim any involvement in Operation Choke Point.
