Four ways banks can successfully de-risk legacy application cloud migrations
Which applications can be moved safely as they are, which ones should be modernized before they are moved and which...
Compliance and Risk
The realities of ransomware
Banks and businesses face a growing threat from malicious cyber actors seeking to hold critical systems hostage.
Yellen calls for ‘appropriate oversight’ for digital asset, crypto firms
In a letter to FDIC-insured banks, the agency requested that any institution considering engaging in crypto-related activities provide notification to...
Compliance priorities on the horizon for 2022
New focuses and directions at the agencies are on the way, but a few themes have been clear and consistent.
CFPB issues report on payday loan extended payment ahead of appellate court case
The CFPB found that payday loan borrowers rarely used extended payment plans for managing payday loans that they could not...
OFAC sanctions Darknet market, virtual currency exchange
The Treasury Department’s Office of Foreign Assets Control today announced sanctions against Hydra Market, the world’s largest and most prominent...
OCC publishes interest rate risk statistics report
The OCC today published its semiannual report on interest rate risk data gathered during examinations of OCC-supervised midsize and community...
DEI delivers for banks
A focus on diversity, equity and inclusion doesn’t just help banks’ customers—it also helps them grow, hire and remain compliant.
FDIC provides guidance on multiple NSF fees for re-presented items
In its latest issue of Consumer Compliance Supervisory Highlights, the FDIC addressed the charging of multiple non-sufficient funds fees for...
Hsu: OCC weighing conditions’ for large bank merger approval to ensure resolvability
Speaking at an industry event today, Acting Comptroller Michael Hsu warned that “there is a gap with regards to large...
