Three Takeaways from CRA Modernization
Provisions of OCC final rule will make CRA examination more consistent and predictable and have enjoyed widespread support. Other portions...
Compliance and Risk
CFPB Ratifies Previous Actions Following Supreme Court Decision
Following the Supreme Court decision last week in Seila Law v. CFPB—which held that the bureau may continue to operate but...
CFPB Removes Underwriting Provisions from 2017 Small-Dollar Lending Rule
The Consumer Financial Protection Bureau today issued a long-awaited final rule removing the prescriptive underwriting provisions from its 2017 small-dollar...
FinCEN Warns of Impostor, Money Mule Scams Connected with COVID-19
The Financial Crimes Enforcement Network today issued an advisory alerting financial institutions to imposter scams and money mule schemes connected...
Communication Best Practices: Preparing for the Unexpected
Your communications in times of crisis—what you say and how you say it—are just as important as being able to...
ABA Welcomes E-Sign Modernization Bill
The American Bankers Association today welcomed a bill authored by Sens. John Thune (R-S.D.), Jerry Moran (R-Kan.) and Todd Young...
CFPB Updates Rulemaking Agenda
The Consumer Financial Protection Bureau this week announced updates to its rulemaking agenda. Items on the agenda and their associated...
CFPB Proposes Exemption from Escrow Requirements for High-Priced Mortgages
The Consumer Financial Protection Bureau today proposed to exempt certain higher-priced mortgage loans from a requirement under Regulation Z to...
What Are the Biggest Challenges Facing the AML and Financial Crimes Communities?
The pandemic pointed out three major problems for risk professionals. Here is how to solve them.
FFIEC: Examiners to Increase Focus on Libor Transition Preparedness
Federal financial regulators today said they will ramp up their supervisory focus on banks’ transitions away from the London Interbank...
