ABA Challenges Cost-Benefit Analysis of Customer Due Diligence Proposal
In a comment letter yesterday, ABA criticized the Financial Crimes Enforcement Network’s recent cost-benefit analysis of its proposed customer due...
Compliance and Risk
Risky Business
A review of Greg Ip's book, "Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe"
OCC Urges Banks to Work with Customers after Blizzard
With a major blizzard bearing down on the mid-Atlantic region, the OCC issued a proclamation on Friday allowing national banks...
ABA, ABIA, State Alliance Seek Clarity on Mandatory Flood Insurance
ABA, the American Bankers Insurance Association and 52 state bankers associations today wrote to Treasury Secretary Jack Lew urging him...
Rep. Pittenger Raps FinCEN for Short Comment Period
Rep. Robert Pittenger (R-N.C.), the vice chairman of the House Financial Services Committee’s Task Force to Investigate Terrorism Financing, today...
Feb. 1 Is Deadline for Military Lending Database Access
The new Military Lending Act regulations -- which require that banks determine military status for applicants applying for consumer credit...
FTC Report Outlines Legal Risks, Benefits of ‘Big Data’
A new report from the Federal Trade Commission outlines several risks related to discrimination for companies using “big data” to...
Regulators Support Basel Guidance on External Audits for Largest Banks
The FDIC, OCC and Federal Reserve today issued a joint advisory supporting the Basel Committee’s March 2014 external audit guidance...
CFPB Seeks Feedback on Correcting HMDA Data Submissions
The Consumer Financial Protection Bureau has requested feedback on its guidelines for when financial institutions must resubmit erroneous Home Mortgage...
