ABA, Trade Groups Call for Interagency CRA Rules
The American Bankers Association and a coalition of trade associations yesterday called for the OCC to withdraw its 2020 Community...
Compliance and Risk
OCC Releases List of Areas Eligible for CRA Credit Under New Framework
The OCC today released the 2021 list of distressed or underserved areas where banks participating in certain revitalization or stabilization...
FDIC Proposes Changes to Securities Rules
The FDIC recently proposed several changes to its rules regarding bank securities. Among other things, the FDIC proposed to rescind...
Replacing Libor: Still a Priority Job for 2021
A portfolio of benchmarks is emerging to meet bankers’ diverse rate needs as Libor recedes in history’s rearview mirror.
Acting CFPB Director Pledges Aggressive Approach to Supervision, Enforcement
The Consumer Financial Protection Bureau will increase its supervision and enforcement efforts to ensure that companies delivering COVID-19 relief are...
ARRC Chairman: Urgent Action Needed on Libor Transition
n a Bloomberg op-ed today, Tom Wipf, chairman of the Alternative Reference Rates Committee, emphasized the need for public and...
OCC Pauses Publication of Fair Access Rule
The OCC announced today that it will pause the publication of a controversial final rule stating that banks should provide...
Accurately Assessing Financial Crime Risk at Midsize Banks in 2021
By streamlining their anti-money laundering operations, banks will not only maintain their defenses, but also their market share.
Biden Calls for Review of HUD’s 2020 Disparate Impact Rule
In an executive order issued today, President Biden directed the Department of Housing and Human Services to review the effects...
CFPB Recognizes Pandemic Accommodations by Financial Institutions
Banks made accommodations to help consumers address pandemic-related hardships beyond what was legally required under the CARES Act, the Consumer...
