OCC Issues Guidance on AML/BSA Risk Management
As promised by Comptroller of the Currency Thomas Curry last week, the OCC today released guidance articulating its expectations for...
Compliance and Risk
CFPB Finalizes New Rules, Disclosures on Prepaid Products
The Consumer Financial Protection Bureau today issued final rules on prepaid financial products, including prepaid cards and digital wallets that...
ABA: FDIC Exam Appeals Changes Need to Go Further
The FDIC’s proposed supervisory changes to expand banks’ exam appeals options are positive but not nearly enough to address exam...
ABA Opposes CFPB’s Subjective Rating System for Complaints
The Consumer Financial Protection Bureau’s proposed addition to its consumer complaint database would further erode consumer privacy and foster the...
CFPB Issues Exam Procedures for Military Lending Act Changes
The Consumer Financial Protection Bureau today issued examination procedures for the amendments to the Military Lending Act rule taking effect...
OCC Finalizes Guidelines on Recovery Planning for Large, Regional Banks
The OCC today issued final guidelines on recovery planning for the financial institutions it regulates with assets of more than...
What You Need to Know about RegTech
By Reetu Khosla
Yellen: Agencies Exploring Ways to Reduce Capital, Appraisal Burdens
As part of its response to the recently concluded Economic Growth and Regulatory Paperwork Reduction Act review process, the federal...
OCC to Issue ‘Best Practices’ Guidance on AML/BSA Risk Management
In response to the “derisking” trend in anti-money laundering and Bank Secrecy Act compliance, the OCC will soon issue guidance...
CFPB Issues Notice on New URLA Compliance with Reg B
The Consumer Financial Protection Bureau today issued a notice to creditors that the recently redesigned Uniform Residential Loan Application form...
