Compliance

Bank Chief Outlines Compliance Burden of SIFI Status

The chairman and CEO of the smallest bank holding company to be designated as a systemically important financial institution yesterday outlined to the House Financial Services Committee the burdens this level of regulation has imposed -- burdens he finds out of proportion to the benefits they provide.

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ABA Staff Analysis Explores Disparate Impact Ruling

ABA yesterday released a bank members-only staff analysis of the Supreme Court’s ruling in Texas v. Inclusive Communities Project, which found that “disparate impact” analysis to demonstrate discrimination claims is recognized under the Fair Housing Act.

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ABA, Groups Question Basis for Proposal Affecting Campus Banking

A proposed rule from the Department of Education regulating Title IV student aid credit balances includes provisions regulating campus bank accounts that may harm the students who benefit from these accounts, ABA and two other financial trade groups said in a comment letter on Thursday.

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Compliance Magazine Focuses on Natural Disaster Planning

The July/August issue of ABA Bank Compliance magazine, now available online for subscribers, features a cover story on how continuous improvement, a culture of discipline, knowing the business and dependent relationships and frequent testing can help compliance officers prepare their banks for natural disasters.

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OCC: Credit, Compliance Risk Growing in 2015

Noting an environment of “high” credit, strategic, compliance and operational risk, the OCC outlined nine priorities for ongoing midsize and community bank supervision in its Semiannual Risk Perspective report released yesterday.

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