Fed Q&A Interprets Durbin Amendment Routing on EMV
Under the Durbin Amendment, card networks cannot require merchants to allow debit cardholders to choose EMV chip application when one...
Compliance and Risk
Curry: Potential Fintech Charter Would Have Bank-Like Standards
Should the OCC decide to grant a federal charter to nonbank fintech companies, as many have suggested and speculated, the...
CFPB Clarifies ‘Flexibility’ in Third-Party Risk Management
The Consumer Financial Protection Bureau today issued an update to its guidance on risk management for third-party service providers.
‘When Can I Call My Customer?’
This should be a simple question for bankers, but it’s not. TCPA has spawned a confusing set of rules about...
Do You Do What the Data Tell You?
The rise of prescriptive analytics, the ‘fourth frontier’ in big data.
Sharing Suspicions
Automated collaboration among financial institutions can help banks, and law enforcement, fight financial crime more efficiently and effectively.
ABA Compliance Center Inbox, November/December 2016
The creditor will need to defend its underwriting practices to “prove” that education level provides some amount of repayment predictability.
Of Deadlocks and a Divided Court
The possibility of a 4-4 deadlock hangs over three cases with repercussions for the banking industry when the Court convenes...
ABA Urges FDIC to Take Tailored Approach to Third-Party Lending
ABA today responded to proposed guidance by the FDIC addressing safety and soundness and consumer compliance measures institutions should follow...
Cordray Urges Banks to Review Complaints in CFPB Database
Consumer Financial Protection Bureau Director Richard Cordray today said he “urged” all bankers to review and analyze complaints in the...
