FinCEN Spotlights Victories Triggered by BSA Reports
As part of the Financial Crimes Enforcement Network’s ongoing efforts to demonstrate that financial institutions’ Bank Secrecy Act reporting is...
Compliance and Risk
ABA: Proposed FBAR Changes Would Increase Reg Burden
In a joint comment letter yesterday, ABA and the Securities Industry and Financial Markets Association offered feedback on the Financial...
Treasury Report Calls for Stronger Oversight of Marketplace Lenders
While online marketplace lenders are subject to many of the same rules as banks for loan originations, marketplace lenders receive...
OCC Issues New Handbook on Private Student Lending
The OCC today added a new booklet on private student lending to its Comptroller’s Handbook.
FinCEN Issues Final Customer Due Diligence Rule
FinCEN yesterday released the text of its long-awaited final customer due diligence rule, which is expected to be published in...
ABA to Launch ERM Professional Development Program
ABA will partner with the University of Maryland’s Robert H. Smith School of Business to present a new advanced enterprise...
CFPB Proposal Would Undermine Benefits of Arbitration
The Consumer Financial Protection Bureau today released a proposal that would prohibit customers from waiving their ability to participate in...
FFIEC Proposes New Consumer Compliance Rating System
The Federal Financial Institutions Examination Council today proposed a new uniform interagency consumer compliance rating system, intended to reflect changes...
ABA Voices Support for Expanded Exam Cycle
In a comment letter to the federal regulatory agencies today, ABA commended regulators on a recent interim final rule expanding...
FFIEC Updates IT Exam Handbook to Include Mobile Services
The Federal Financial Institutions Examination Council last week released a new appendix to its “FFIEC Information Technology Examination Handbook.”
