Basel Committee Issues Principles for Operational Resilience, Risk
The Basel Committee on Banking Supervision today issued a pair of guidance documents to help banks manage operational resilience and...
Compliance and Risk
The New Digital Frontier Calls for Immediate Digital Cash Standards
New standards designed for the digital era would strengthen security, prevent fraud and finally give consumers more control over their...
CFPB Report Highlights 99% Timely Response to Complaints in 2020
The Consumer Financial Protection Bureau reported that banks and other companies responded in a timely manner to 99% of complaints...
ABA Opposes OCC Proposal on Permissible Bank Premises
The American Bankers Association yesterday urged Office of the Comptroller of the Currency to withdraw a recent proposal making changes...
FinCEN to Issue ANPR on CTA Beneficial Ownership Reporting Requirements
The Financial Crimes Enforcement Network will issue an advanced notice of proposed rulemaking regarding the implementation of the beneficial ownership...
CFPB, FTC Issue Annual FDCPA Report
The Consumer Financial Protection Bureau and Federal Trade Commission released their annual debt collection report summarizing efforts by both agencies...
GOP Senators Caution Fed on Climate Risk Regulations for Banks
A group of Republican senators this week cautioned Federal Reserve Chairman Jerome Powell that using financial regulation and supervision to...
Meeting Needs While Stopping Misdeeds
Five lessons from past Paycheck Protection Program fraud are reshaping how banks process PPP loans and forgiveness
Banking Agencies Request Public Comment on Private Flood Insurance Guidance
The banking agencies today requested public comment on 24 proposed interagency questions and answers about private flood insurance.
CFPB Rescinds 2020 Policy Statement on ‘Abusive’ Practices Under UDAAP
The Consumer Financial Protection Bureau today rescinded a January 2020 policy statement that clarified the bureau’s approach to citing and...
