The FDIC today finalized an ABA-supported rule codifying that permissible interest on loans made by state-chartered banks and insured branches of foreign banks remains valid when a loan is transferred or sold.
Browsing: Compliance and Risk
The OCC is planning to unveil what Acting Comptroller Brian Brooks called “payments charter 1.0” as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.
As bitcoin and other private digital currencies gain wider acceptance, is a “central bank digital currency” on the way soon?
The Federal Financial Institutions Examination Council today released the 2019 Home Mortgage Disclosure Act data on mortgage lending transactions at 5,508 financial institutions.
Risk.net, a prominent digital publication focused on operational risk news and analysis, today awarded its 2020 Industry Initiative Award to the American Bankers Association and MSTAR, for their pilot program for operations risk modeling.
The Consumer Financial Protection Bureau today granted flexibility under Regulation X for servicers to offer deferral options to borrowers as they transition from forbearances for financial hardships due to the coronavirus pandemic.
In an interpretive rule issued today, the CFPB provided guidance on how it will determine which counties qualify as “underserved” for a given calendar year, as required by Regulation Z.
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform under three distinct scenarios related to the coronavirus pandemic and economic recovery, Federal Reserve Vice Chairman for Supervision Randal Quarles said today.
Banks can benefit from fraud analytics models and machine learning—and can even deputize cardholders into proactively helping them understand where transactions are legitimate and to identify potentially fraudulent activity.
Under a new pilot program launched by the Consumer Financial Protection Bureau today, entities seeking to comply with existing regulations may request an advisory opinion from the bureau to address areas of uncertainty.