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...
Compliance and Risk
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...
ABA Flags Issues Around Fed’s Reg D Changes
The American Bankers Association today expressed support for the Federal Reserve’s removal of the six-per-month limit on transfers or withdrawals...
OCC Warns of Compliance Risk as Banks Adapt to COVID-19 Changes
The OCC today cautioned banks to be vigilant about compliance risks that could arise as a result of their response...
FinCEN Issues BSA/AML Guidance on Hemp-Related Businesses
The Financial Crimes Enforcement Network today issued guidance for financial institutions on how they can conduct due diligence on hemp-related...
Agencies Propose New, Revised Questions and Answers on Flood Insurance
The banking agencies today released several new interagency questions and answers on flood insurance compliance, as well as a major...
Agencies Finalize Rule to Amend Initial Margin Requirements for Inter-Affiliate Swaps
Five federal financial regulatory agencies today finalized a rule that removes the requirement for covered swap entities to collect initial...
