J.D. Power survey finds opportunities for banks regarding customer account security
More than one-third (35%) of banking customers reported experiencing at least one type of fraud in the past year, according...
Compliance and Risk
Federal judge delays Section 1071 compliance dates; temporary relief applies only to ABA, TBA members
A federal judge in Texas today issued an order blocking enforcement of the Consumer Financial Protection Bureau’s Section 1071 final...
How privacy impacts innovation in banking
Bankers should familiarize themselves with privacy as well as the ways in which it manifests in the epicenter of AI...
Fed announces individual capital requirements for large banks
The Federal Reserve announced individual capital requirements for banks with more than $100 billion in total consolidated assets.
Banks wrap up Libor loose ends
After years of preparation, banks saw a smooth transition to SOFR and other alternative rates.
Thinking outside the (credit) box
Special-purpose credit programs build on data sharing to expand lending outreach.
Fed’s Barr highlights digital redlining risk resulting from AI tools
While artificial intelligence and machine learning have enormous potential, Federal Reserve Vice Chairman for Supervision Michael Barr cautioned that “they...
ABA Regulatory Policy and Compliance Inbox: For HMDA reporting, should bank use calendar year of application or date of final action?
And it permissible for a bank to purchase an email list from a third party to send out email marketing...
Basel committee previews changes to core principles for banking supervision
The Basel Committee on Banking Supervision issued a consultative document updating its core principles for effective banking supervision—a universally applicable...
Can automation help banks stay ahead of regulatory change?
Full-population testing eliminates the potential for unknown compliance violations and empowers financial institutions to address issues quickly.
