CFPB Clarifies ‘Flexibility’ in Third-Party Risk Management
The Consumer Financial Protection Bureau today issued an update to its guidance on risk management for third-party service providers.
Policy
NCUA Finalizes FOM Rule, Proposes Additional Expansions
The National Credit Union Administration board voted today to finalize a controversial rule further expanding the already loose fields of...
Cordray: Consumers Free to Authorize Third-Party Access to Data
Bank customers ought to be free to authorize third parties to access their bank account information without limit, Consumer Financial...
Agencies Seek Comment on Large Bank Cyber Standards
The Federal Reserve, FDIC and OCC today issued an advance notice of proposed rulemaking seeking comments on a set of...
Treasury Issues Controversial ‘Interest Stripping’ Final Rule
In response to comments from ABA and other groups, banks yesterday scored a win when the Treasury Department issued a...
ABA Welcomes Call Report Changes, Urges More Streamlining
While welcoming the banking agencies’ proposed streamlining of the Call Report for banks with less than $1 billion in assets...
Basel Proposes Interim Retention Treatment of Loss Provisions
With new expected credit loss approaches coming on line soon, the Basel Committee on Banking Supervision today issued a document...
Treasury’s Raskin Calls for ‘Dynamic’ Authentication
Noting that cybersecurity challenges continue to grow, Deputy Treasury Secretary Sarah Bloom Raskin today called for “better solutions” to customer...
CFPB Finalizes New Rules, Disclosures on Prepaid Products
The Consumer Financial Protection Bureau today issued final rules on prepaid financial products, including prepaid cards and digital wallets that...
Power Player Bill Hayes: Banker Advocacy is a Team Sport
Kish Bank CEO Bill Hayes says it’s up to every member of the industry—from teller to executive—to play an active...
