OCC allows Florida, Georgia banks to close due to hurricane
The OCC issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to...
Compliance and Risk
Fraud: Is seeing still believing?
The problem of identity scamming.
ABA urges CFPB to clarify Section 1071 implementation
The CFPB’s new compliance deadlines for its Section 1071 small-business data collection rule will help avoid confusion and unnecessary burden...
ABA unveils updated fraud contact directory
The ABA Check Fraud Claim Directory is now the ABA Fraud Contact Directory, an expanded, online resource that helps banks...
FHA removes face-to-face requirement for borrowers in default
The FHA released a final rule to make permanent a pandemic-related rule that waives the HUD requirement for mortgagees to...
Senators demand FDIC withdraw proposed board governance rule
In a letter, a group of 11 Republican senators demanded that the FDIC withdraw its proposed board governance rule, saying...
FDIC issues regulatory relief guidance for Kentucky
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...
FinCEN issues guidance to help bank customers understand new BOI reporting rules
FinCEN issued a notice to financial institution customers about the new beneficial ownership information reporting rule requirements, explaining why certain...
Federal court issues stay on fiduciary rule enforcement
A Texas court ordered a nationwide stay of a Department of Labor final rule that expands fiduciary status to nearly...
Federal agencies seek comment on bank-fintech arrangements, warn of third-party risks
The Federal Reserve, FDIC and OCC issued a joint request for information on bank partnerships with fintech companies to provide...
