SPECIAL REPORT: Suspicious activity reports surge; 2023 filings on pace for another record
SPONSORED CONTENT PRESENTED BY THOMSON REUTERS The volume of Suspicious Activity Reports (SARs) filed by…
Browsing: Compliance and Risk
Top 10 takeaways from the interagency third-party risk management guidance
All banks should conduct a gap analysis to identify opportunities to strengthen their TPRM programs and align them with the new guidance.
Harnessing synthetic data: Advancing innovation with privacy-enhanced insights
Synthetic data has emerged as an innovative way to leverage high-quality data without compromising customer trust or causing any agency angst.
Don’t underestimate regulatory scrutiny of overdraft programs
As regulatory attention to overdraft practices changes and intensifies, experts advise banks to dig deep in reassessing insufficient funds programs to improve and strengthen their processes and management.
ABA Regulatory Policy and Compliance Inbox: Are late fees covered by the SCRA’s six percent cap on interest?
The intent of the SCRA was to ensure service members are not disadvantaged by their service and do not suffer legal disadvantages because of their absence from home or their job — not to allow service members to mismanage debt obligations.
Future-forward compliance
The bank compliance function stands on the brink of fundamental change driven by digital technology. This transformation has already begun and is likely to accelerate sharply as generative AI drives new thinking about both the compliance challenges and the compliance solutions of the future.
Judge grants win to ABA, Chamber in lawsuit over CFPB UDAAP exam manual
A federal judge in Texas today granted summary judgment to ABA, the Texas Bankers Association, the U.S. Chamber of Commerce and several other co-plaintiffs in their challenge to the CFPB’s UDAAP exam manual, in which the bureau unlawfully expanded the statutory definition of “unfairness” to encompass discrimination.
Capital in the crosshairs
Now is the time to prepare, as tougher regulatory scrutiny of capital levels is coming.
Avoiding potential litigation issues and defending banks in an age of increased scrutiny
The most common theme to banking disputes and litigation, in both the commercial and consumer context, is that the parties often fail to adequately communicate with each other.
Rising rates lead banks to rethink credit and liquidity
Banks are taking steps to reexamine their relationships with depositors, borrowers