SPONSORED CONTENT PRESENTED BY THOMSON REUTERS The volume of Suspicious Activity Reports (SARs) filed by…
Browsing: Compliance and Risk
All banks should conduct a gap analysis to identify opportunities to strengthen their TPRM programs and align them with the new guidance.
Synthetic data has emerged as an innovative way to leverage high-quality data without compromising customer trust or causing any agency angst.
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.
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.
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.
Now is the time to prepare, as tougher regulatory scrutiny of capital levels is coming.
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.
Banks are taking steps to reexamine their relationships with depositors, borrowers