Russian Banks Denied Access to Swift; Biden Sanctions Putin
As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block...
Compliance and Risk
Fed: Large Banks Continue to be Resilient
The nation's large banks at the core of the financial system “continue to be resilient” while some financial vulnerabilities remain...
Biden Administration Announces ‘Unprecedented’ Sanctions against Russia
In response to the invasion of Ukraine by Russian troops, President Biden today announced an additional round of economic sanctions,...
CFPB Zeroes in on Auto Lending Market
In a new blog post today, the CFPB signaled that it intends to increase its focus on the auto lending...
A Moving Target: Pandemic Impacts on Anti-Money Laundering Compliance
Banks focusing on innovation in their processes, people and technology will be well placed to implement effective BSA/AML compliance programs.
Biden Administration Imposes New Financial Sanctions Against Russia Over Ukraine
The Treasury Department today announced a number of sanctions against two Russian state-owned financial institutions, five Kremlin-connected individuals and additional...
FSB to Prioritize Transition to Post-Pandemic World, Digitalization, Climate Change
In a letter to G20 finance ministers and central banks governors today, the Basel, Switzerland-based Financial Stability Board outlined its...
How to Talk to Your Boss About Climate Change
Risk managers should be prepared to address three key climate questions for bank leadership.
Republican Lawmakers Call for Changes to CFPB’s Section 1071 Proposal
Three GOP lawmakers today raised concerns about the CFPB’s pending rulemaking to implement Section 1071 of the Dodd-Frank Act.
CFPB Allows Consumers to Directly Petition for Rulemakings
The CFPB today announced a new process through which consumers may petition the bureau directly for rulemaking actions.
