ABA to DOL: ERISA affords retirement savings sufficient protections from climate-related financial risk
In a comment letter responding to a Labor Department request for information, ABA said it is not necessary for the...
Compliance and Risk
CFPB affirms ECOA applies to existing borrowers
In an advisory opinion, the CFPB affirmed that the Equal Credit Opportunity Act and its implementing regulation, Regulation B, protect...
A changing AML info-sharing landscape creates new risks
U.S. law enforcement agencies are deputizing—voluntarily or involuntarily—financial institutions to serve as their lead investigators.
Welcome to the universe of flex-hybrid exams
While the examining agencies are signaling that portions of most exams will continue to be conducted on-site, it is now...
Six top concerns for mortgage bankers
These challenges will affect all markets, but will have local distinctions that will be important for market participants to understand...
NACHA releases guide addressing contractual considerations of voice payments
The reference guide, created by NACHA’s Payments Innovation Alliance, provides background on the importance of terms and conditions when offering...
ABA urges Congress to reject bills restricting overdraft
In a statement submitted for the record ahead of a Senate Banking subcommittee hearing on overdraft Wednesday, the American Bankers...
CFPB report flags auto servicing, consumer reporting issues
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
FSB floats recommendations for climate risk reporting
As regulators around the globe work to develop frameworks for measuring and mitigating climate-related risks, the Financial Stability Board published...
FinCEN to issue proposal on beneficial ownership database this year
As the Financial Crimes Enforcement Network works to implement the Corporate Transparency Act—an ABA-advocated provision of the Anti-Money Laundering Act...
