CFPB issues advisory opinion on pay-to-pay, convenience fees
As part of its ongoing efforts to address so-called “junk fees,” the CFPB today issued an advisory opinion stating that...
Compliance and Risk
Joint task force blocks $30B of Russian assets
A dedicated international task force focused on executing sanctions against Russia has blocked or frozen more than $30 billion worth...
ABA, trade groups: CFPB exceeds authority with exam manual update
CFPB's change is "contrary to law and subject to legal challenge" as well as potential congressional action, the groups said.
OCC announces changes to executive committee membership
The OCC announced several key changes to its executive committee membership.
OCC risk report: Banks well-positioned for economic headwinds
This year’s spring report presents data in five main areas: operations, bank performance, special topics, trends in key risks and...
CFPB issues final rule on credit reporting protections for human trafficking survivors
The rule updates the Fair Credit Reporting Act’s implementing regulation to ensure it meets DBRA’s credit reporting requirements and that...
The chief compliance officer of 2030
The successful CCOs of tomorrow will carefully build and lead programs specifically designed to allow teams of analysts, regulatory bodies...
CFPB targets credit card fees
CFPB Director Rohit Chopra today announced an advance notice of proposed rulemaking focusing on credit card late fees.
FinCEN issues statement on due diligence for independent ATM owners, operators
The Financial Crimes Enforcement Network issued a statement reminding banks of how to apply a risk-based approach to conducting customer...
Banking groups cry foul after FDIC abruptly closes OSA, reinstates SARC
ABA and five other banking trade groups this week shared their concern with the FDIC’s decision to eliminate the recently...
