Is Banking on Lawyers a Formula for Success?
Lawyers now occupy seats on three-quarters of U.S. bank boards, and new evidence suggests their rapid rise is linked to...
Compliance and Risk
CFPB Issues Policy Statement on Applications for Early Termination of Consent Orders
The Consumer Financial Protection Bureau today issued a policy statement outlining how institutions may apply for early termination of a...
CFPB Assessment Finds TRID Rule Imposed ‘Sizable’ Costs for Lenders
The Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule “appears to have created sizable implementation costs for lenders,” the bureau...
Treasury Issues Ransomware Advisories as Part of Cybersecurity Awareness Month
The Treasury Department issued a pair of advisories today as part of Cybersecurity Awareness Month, to help combat ransomware as...
Four Ways to Ease the Pain of Regulated Customer Communications
Streamlining the process of managing disclosures will make it easier to stay compliant and reduce costs and timelines significantly, all while...
For Community Banks, COVID-19 Brings Existential Concerns to Fore
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday...
Fed Proposes Conforming Changes to Capital Plan Rule
The Federal Reserve issued a proposal to make changes to its capital plan rule that applies to large bank holding...
ABA, Advocacy Groups Address Ongoing Dispute Over US-EU Data Transfers
ABA joined a broad coalition of advocacy organizations representing a range of industries in a letter to the Departments of...
New York Fed’s Held: ‘Libor Countdown Has Not Stopped’
Despite the pandemic, financial institutions should not expect a delay in the Dec. 31, 2021, date when publication of the...
Agencies Issue Final Rules on Appraisals, LCR Relief
The federal banking agencies today finalized two rules intended to provide relief for financial institutions as a result of actions...
