Federal Banking Regulators Urge Continued Transition Away From Libor
In a joint statement today, the federal and state banking regulators emphasized that supervised institutions are expected to continue to...
Compliance and Risk
Report: Synthetic Identity Fraud Results in $20 Billion in Losses in 2020
Synthetic identity fraud, where fraudsters create an artificial identity out of multiple pieces of real and fabricated data, resulted in...
FinCEN Acting Director: Public-Private Partnerships Needed in Fight Against Ransomware
In remarks at an industry event in Washington today, Acting FinCEN Director Himamauli Das addressed the growing threat of ransomware.
ABA Comments on Proposed Interagency Third-Party Risk Management Guidance
ABA provided detailed feedback on interagency third-party risk management guidance proposed by the Federal Reserve, FDIC and OCC.
Quarles: Crypto Assets, Climate-Related Financial Risk on FSB’s Radar
As the Financial Stability Board looks to refresh its work plan after COVID-19, FSB Chairman Randal Quarles today said it...
OCC Releases Updated Libor Transition Self-Assessment Tool
As banks prepare for the forthcoming cessation of Libor, the OCC today released an updated self-assessment tool for banks to...
Fifth Circuit Extends Stay of Compliance Date of 2017 Payday Rule
A federal appellate court last week extended the compliance date of the CFPB’s 2017 payday rule until 286 days after...
FinCEN: Ransomware Reports in First Half of 2021 Exceed 2020 Total
In the first six months of 2021, the Financial Crimes Enforcement Network identified $590 million in ransomware-related Suspicious Activity Reports,...
OCC Outlines Supervision Priorities for 2022
The OCC today released its bank supervision operating plan for fiscal year 2022, identifying what each of the agency’s supervisory...
Broad Coalition of Business Trade Groups Pan Tax Reporting Proposal
The American Bankers Association today joined a broad coalition of business trade groups in a letter to House and Senate...
