FinCEN Issues Final Customer Due Diligence Rule
FinCEN yesterday released the text of its long-awaited final customer due diligence rule, which is expected to be published in...
Compliance and Risk
ABA to Launch ERM Professional Development Program
ABA will partner with the University of Maryland’s Robert H. Smith School of Business to present a new advanced enterprise...
CFPB Proposal Would Undermine Benefits of Arbitration
The Consumer Financial Protection Bureau today released a proposal that would prohibit customers from waiving their ability to participate in...
FFIEC Proposes New Consumer Compliance Rating System
The Federal Financial Institutions Examination Council today proposed a new uniform interagency consumer compliance rating system, intended to reflect changes...
ABA Voices Support for Expanded Exam Cycle
In a comment letter to the federal regulatory agencies today, ABA commended regulators on a recent interim final rule expanding...
FFIEC Updates IT Exam Handbook to Include Mobile Services
The Federal Financial Institutions Examination Council last week released a new appendix to its “FFIEC Information Technology Examination Handbook.”
Luetkemeyer Bill Would Take Away CFPB’s Extra ‘A’ in UDAAP
Rep. Blaine Luetkemeyer (R-Mo.) yesterday introduced H.R. 5112, the Unfair or Deceptive Acts or Practices Uniformity Act, which would grant...
Goodbye, Silos
How banks can reshape their cultures to take compliance from a back-office task silo to a pervasive set of behaviors...
OCC: Technology Must Not Impede Regulator Access to Records
The OCC today reminded banks of their obligation to provide regulators full and unimpeded access to their books and records,...
