Zions Bank Sheds SIFI Status
The Financial Stability Oversight Council today voted to de-designate Zions Bank as a systemically important financial institution as the bank...
Compliance and Risk
CFPB Updates Model Disclosure Forms to Reflect Changes to FCRA
The Consumer Financial Protection Bureau issued an interim final rule making changes to two model disclosure forms -- summary of...
CFPB Responds to ABA Concerns Over Records Disclosure Proposal in Final Rule
The Consumer Financial Protection Bureau today published its final rule on the disclosure of records and information.
Agencies Affirm: No Enforcement Actions Based on Guidance
In an important joint statement issued today, the financial regulatory agencies clarified the role of supervisory guidance in bank supervision,...
Compliance and the Cannabis Conundrum
For an industry caught between state and federal law, a change can’t come soon enough.
OCC, N.C. Regulator Permit Banks to Close for Hurricane Florence
With Hurricane Florence expected to make landfall on the southeastern Atlantic coast later this week, the Office of the Comptroller...
FinCEN Grants Relief from CDD Rule for CDs, Auto-Renewals
The Financial Crimes Enforcement Network on Friday announced that it would grant relief from beneficial ownership requirements for certificate of...
To Encourage Innovative Consumer Disclosures, CFPB Revamps Unavailing Policy
Five years after the Consumer Financial Protection Bureau finalized a policy for trial consumer disclosures that saw exactly zero such...
CFPB: Banks Effectively Managing ECOA Compliance Risk in Small Biz Lending
The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products...
ABA Foundation, FTC Release Infographic on Fake Check Scams
The ABA Foundation and the Federal Trade Commission today released an infographic to help consumers recognize and understand the growing...
