How to Align With Your Compliance Team on Social Media Strategy
Facilitating greater collaboration between compliance and marketing teams does not have to be an arduous process.
Browsing: Compliance and Risk
CFPB: Fair Lending Critical to Pandemic Response, Reducing Racial Inequities
The Consumer Financial Protection’s fair lending work “is and will continue to be a critical component of the bureau and the federal government’s response to the pandemic and the elimination of racial injustice,” the bureau noted this week in its annual Fair Lending Report to Congress.
Treasury Announces Significant Sanctions against Russian Entities, Individuals
The Treasury Department today announced a number of sanctions against Russian entities and individuals, following an executive order from President Biden.
How to Contend With a 21st Century Ransom Note
Ransomware attacks are becoming more numerous, sophisticated and costly, especially during the COVID-19 pandemic.
Basel Committee Publishes Papers to Guide Work on Climate Risk
The Basel Committee today published two papers on climate-related risk that will serve as a “conceptual foundation” as the committee works to incorporate climate risk into the Basel regulatory framework.
FinCEN Outlines Upcoming Work on Corporate Transparency Act
The Financial Crimes Enforcement Network’s Director of the Office of Regulatory Policy Barry Emmert today previewed the implementation process for the Corporate Transparency Act, an ABA-backed bill that was included in a broader package of Bank Secrecy Act/anti-money laundering reforms that Congress passed in December.
ABA, Financial Groups Raise Concerns about Cyber Incident Notification Proposal
A new proposal by the federal banking agencies requiring that banks notify their primary regulator within 36 hours after developing a good-faith belief of a “computer-security incident” or “notification” incident could impose a significant reporting burden, ABA and three other financial trades cautioned in a letter yesterday.
What’s in a Name? Why the Same Names May Coexist in the Marketplace.
Context is key: When trying to figure out the trademark application process, how names are used in commerce matters.
SEC Issues Risk Alert to Firms Offering ESG Investment Vehicles
The Securities Exchange Commission on Friday warned firms of “deficiencies and internal control weaknesses” that…
Banking Agencies Provide Guidance on Model Risk Management
The federal banking agencies and the Financial Crimes Enforcement Network today issued a statement on the use of the “Supervisory Guidance on Model Risk Management” to comply with Bank Secrecy Act/anti-money laundering rules.