Technology

Agencies Issue Final Updates to CRA Q&As

The federal banking agencies issued revised questions and answers today on Community Reinvestment Act compliance. In their final guidance, the agencies clarified nine of the 10 proposed Q&As.

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ABA, FS-ISAC Issue Statement on SWIFT Compromises

In response to recent high-profile compromised communications sent through the SWIFT communications network, ABA -- together with the Financial Services Information Sharing and Analysis Center and other financial groups -- today issued a statement with insight and analysis on the incidents, as well as recommendations for mitigating cyber risks.

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ABA, Groups Call for Revisions to FDIC Deposit Recordkeeping Proposal

In a joint letter with three other financial trade associations today, ABA responded to an FDIC proposal that would require banks with more than 2 million deposit accounts to collect extensive depositor information and develop systems that would allow the FDIC to close the bank and use the bank’s system to make deposit insurance determinations.

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Curry: OCC Committed to Responsible Innovation

Comptroller of the Currency Thomas Curry reaffirmed his agency’s commitment to promoting responsible innovation within the financial industry in a speech at the OCC’s Responsible Innovation Forum today in Washington.

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