After Senate Banking Committee Chairman Mike Crapo (R-Idaho) raised concerns last month about the ABA-supported SAFE Banking Act, ABA today responded to those concerns and urged him to advance the SAFE Banking Act or similar legislation on cannabis banking this year.
Browsing: Compliance and Risk
Now that the OCC and FDIC have formally issued their proposal to modernize Community Reinvestment Act rules, the OCC is requesting public input and bank-specific data to help determine how the proposal might be revised to achieve CRA’s purpose.
Federal Reserve Governor Lael Brainard, the agency’s point person for the Community Reinvestment Act modernization process, today outlined the Fed’s approach to revising CRA rules and explained why the Fed did not join the notice of proposed rulemaking issued last month by the OCC and the FDIC.
…and other answers to your compliance questions in the January/February 2020 ABA Regulatory Policy and Compliance Inbox.
You could be encountering human trafficking in your backyard—no matter where you live or the size of your financial institution.
Shifting bank technology functions to the cloud has many benefits for banks—but managing the risks requires a different framework.
Noting the growing risk of “sudden and disruptive unwinding” of lending relationships, the federal banking agencies today issued no-action relief under Regulation O for banks lending to investment fund-controlled companies under specific conditions.
Why credit portfolio managers need to focus more on physical climate risk.
With the volume of commercial real estate loans held by FDIC-insured banks reaching a record of $2.4 trillion in 2019, the FDIC is focusing on CRE risk management.
A recent report by the Basel, Switzerland-based Financial Stability board highlighted significant data gaps that are impeding regulators’ ability to conduct a comprehensive assessment of the financial stability risks associated with the market for leveraged loans and collateralized loan obligations.