Treasury: CFPB Arbitration Rule Will Impose Major Costs on Consumers
The Consumer Financial Protection Bureau’s rule virtually prohibiting mandatory arbitration for financial products will impose significant costs on consumers and...
Compliance and Risk
OCC Provides Guidance for Banks on Managing Risk around New Activities
The OCC last week issued a bulletin highlighting the risk management principles banks should adhere to when undertaking new activities,...
Uniform Residential Loan Application to Include Language Preference Question
The Federal Housing Finance Agency announced today that it will include a language preference question on its updated Universal Residential...
Newsbytes Podcast: Fintech in Focus
We discuss top White House adviser Gary Cohn's newsmaking remarks at ABA's Annual Convention earlier this week, the OCC's positive new...
Compliance and Social Media Q&A
By Sarah Oliver, CRCM
ABA Endorses Zenmonics’ Digital Account Opening Technology
As customers increasingly expect a seamless account opening experience through digital channels, ABA has endorsed the digital account opening technology...
ABA Urges FDIC to Rescind Guidance on Deposit Advance Services
In a letter to the FDIC today, ABA called on the agency to rescind its 2013 guidance on direct deposit...
Revised OCC Exam Policy Aligns Ratings with CRA Purposes
The OCC has changed its Community Reinvestment Act supervision policies to ensure a “logical nexus” between banks’ CRA-related activities and...
