FTC Report Outlines Legal Risks, Benefits of ‘Big Data’
A new report from the Federal Trade Commission outlines several risks related to discrimination for companies using “big data” to...
Compliance and Risk
Regulators Support Basel Guidance on External Audits for Largest Banks
The FDIC, OCC and Federal Reserve today issued a joint advisory supporting the Basel Committee’s March 2014 external audit guidance...
CFPB Seeks Feedback on Correcting HMDA Data Submissions
The Consumer Financial Protection Bureau has requested feedback on its guidelines for when financial institutions must resubmit erroneous Home Mortgage...
Safe Banking, Savvy Seniors
Bankers are leading the way in protecting older Americans from fraud and financial abuse.
Are the Feds Going Too Far in Search of Scalps?
A look at how the Yates Memo holds individuals accountable for corporate wrongdoing.
ABA Compliance Center Inbox, January/February 2016
Can a bank text updates to the kids in its savings club?
ABA Questions FinCEN Analysis of Due Diligence Rule
The Financial Crimes Enforcement Network’s evaluations of the regulatory impact of its proposal to enhance customer due diligence requirements fail...
GAO Report: Compliance Burden Increasing for Community Banks
Community banks continue to experience increases in compliance burdens associated with Dodd-Frank Act rules, the Government Accountability Office said yesterday...
FASB Announces CECL Roundtable
In response to ongoing feedback from bankers and ABA staff related to FASB’s Current Expected Credit Loss impairment accounting standard,...
ABA Seeks Banker Input for Final EGRPRA Letter
The federal banking agencies today released their fourth request for comments under the decennial Economic Growth and Regulatory Paperwork Reduction...
