The siloed and slow, often manual, processes of the past are giving way to new efficiencies of automation and cloud-based solutions.
Browsing: Compliance and Risk
The American Bankers Association today outlined possible features of a public-private partnership that could certify third-party technology providers.
Banks will win clients during and following the pandemic by providing in-person experiences that combine smart health protections, engaging personal interactions and useful technology enhancements.
The Federal Reserve today issued an advance notice of proposed rulemaking on updating the agency’s three-decade-old Community Reinvestment Act regulations.
Effective anti-money laundering compliance processes during challenging times require team collaboration, committing to communication and paying attention to guidance.
The Financial Crimes Enforcement Network is seeking public feedback on potential changes to the Bank Secrecy Act that would enhance the overall effectiveness of banks’ anti-money laundering programs.
The Consumer Financial Protection Bureau today issued an outline of the proposals it is considering for its rulemaking to implement Section 1071 of the Dodd-Frank Act, which concerns the collection of credit application data for women-owned, minority-owned and small businesses.
In a letter to Senate Commerce Committee leaders today, the American Bankers Association called on lawmakers to support S. 4159, the E-Sign Modernization Act, sponsored by Sen. John Thune (R-S.D.), Jerry Moran (R-Kan.) and Todd Young (R-Ind.).
The Financial Crimes Enforcement Network has issued a final rule establishing minimum standards for anti-laundering programs for institutions lacking a federal functional regulator, including state chartered non-depository trust companies, private banks and non-federally insured credit unions.
The American Bankers Association joined a coalition of trade associations today in filing a friend-of-the-court brief urging the Supreme Court to interpret the Telephone Consumer Protection Act to ensure that customers can receive important communications from their banks and other companies with whom they do business.