ABA today filed its third comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter covered several issues related to flood insurance and money laundering, including currency transaction reports, suspicious activity reports and BSA exams.
Browsing: Compliance and Risk
The Federal Housing Administration on Monday proposed changes to its lender certification rule in an attempt to clarify when it might seek to recover losses for defective loans. Among other things, the changes require a lender to certify that it has not been convicted of fraud or other disqualifying crimes within the past three years,
The Court noted in its opinion that on remand, the district court may need to review the City’s claims under the U.S. Supreme Court’s recent Inclusive Communities decision.
Any efforts made by the Consumer Financial Protection Bureau to “normalize” data in its consumer complaints database — that is, weighting it to account for differences that may distort interpretations of the raw data — would be fruitless to consumers without efforts to ensure the accuracy and integrity of complaint information, ABA said in a
The ABA Foundation and AARP have produced an infographic to help seniors understand the risks of joint bank accounts, which are sometimes used to help seniors manage their finances by giving caregivers access to funds.
The lead story in the summer 2015 issue of the FDIC’s Supervisory Insights publication focuses on strategic planning in a difficult — and evolving — earnings environment.
ABA staff answer frequently asked compliance questions.
The financial regulators should move quickly to implement the Supreme Court’s guidance on using disparate impact to enforce fair lending rules, according to an editorial in Investor’s Business Daily today.
Courts and prosecutors are increasingly finding chief compliance officers personally liable for compliance lapses—and CCOs are watching carefully.
To help answer bankers’ compliance questions about the TILA-RESPA integrated disclosures, which take effect on Oct. 3, the Consumer Financial Protection Bureau released an index of the questions and answers from its five TRID-related webinars.