Back with a vengeance: The challenges of check fraud
Understanding the rules surrounding returns as the number of cases skyrockets.
Browsing: Legal
Data privacy part 2: A patchwork of state laws
While the focus of each state has a unique flavor with varying eligibility thresholds, banks should consider some common threads.
Practical data privacy compliance amid regulatory swirl
With more than 130 data protection regulations already in place, achieving and maintaining privacy compliance has become one of the most challenging imperatives in business today.
Supreme Court to hear case on legality of CFPB funding structure
The Supreme Court will hear a case challenging the CFPB’s funding structure on the grounds that it violates the separation of powers clause of the U.S. Constitution.
Staving off tech litigation with smarter contracts
Contracts are risk-management tools, especially as millions of dollars in liability—and the bank’s reputation and customer relationships—can be at stake.
FinCEN: Depository institutions played critical role in tracking Russian activity
In a report today, the Financial Crimes Enforcement Network said it was able to identify tens of billions of dollars in suspicious activity by Russian oligarchs thanks in large part to filings from U.S. depository institutions.
Rosenberg: Banks on ‘front lines’ of identifying financial crimes
In terms of understanding risk and risk exposure, financial institutions are on the front lines and serve as the eyes and ears to regulators in providing critical insight on emerging illicit finance threats, Elizabeth Rosenberg, U.S. assistant secretary for terrorist financing and financial crimes, said today during the ABA/ABA Financial Crimes Enforcement Conference.
ABA, associations seek summary judgment in CFPB lawsuit
The American Bankers Association and six other trade groups on Tuesday asked a federal court in Texas to grant summary judgment in their lawsuit against the CFPB for exceeding its legal authority when it expanded the definition of “unfairness” to encompass discrimination in the UDAAP exam manual earlier this year.
Filing Exchange Act reports without a holding company
As some banks weigh ditching their holding companies, there are a few considerations for how and why publicly traded banks can file Exchange Act reports directly with their regulatory agencies.
Appellate court invalidates CFPB’s funding structure, small-dollar lending rule
A three-judge panel of the Fifth Circuit Court of Appeals today ruled that the Consumer Financial Protection Bureau’s funding structure violates the separation of powers clause of the Constitution.