ABA Urges Lawmakers to Pass E-Sign Modernization Bill
In a letter to Senate Commerce Committee leaders today, the American Bankers Association called on lawmakers to support S. 4159,...
Compliance and Risk
FinCEN Final Rule Establishes AML Requirements for Trust Companies, Private Banks
The Financial Crimes Enforcement Network has issued a final rule establishing minimum standards for anti-laundering programs for institutions lacking a...
ABA, Trades Urge Supreme Court to Ensure Banks Can Call Customers
The American Bankers Association joined a coalition of trade associations today in filing a friend-of-the-court brief urging the Supreme Court...
Automation and AI Solutions in Risk and Compliance Testing
Emerging technology will enable banks to test complicated transactions and locate problems in areas that are time-consuming to monitor manually.
ABA Supports Proposed Qualified Mortgage Rule Changes
In a comment letter to the CFPB yesterday, the American Bankers Association offered support for recent proposals that would make...
Financial Trades: Proposed Reporting Changes Would Increase Data Collection Burden
ABA, the Financial Services Forum and the Securities Industry and Financial Markets Association wrote to the Federal Reserve today offering...
Four Social Media Strategies for Bank Loan Officers During COVID-19
When loan officers use social media to educate, clear up confusion and offer guidance, they can be a source for...
Mortgage Forbearance in the Age of COVID-19
COVID-19 forbearance programs—and the rules, regulations and requirements that govern them—present a host of new and unique compliance challenges for...
HUD Finalizes Rule to Align ‘Disparate Impact’ Rule with Court Ruling
The Department of Housing and Urban Development today finalized its revised standard for bringing “disparate impact” claims under the Fair...
Can a Bank Lose its Small Servicer Exemption if it Originates Mortgage Loans That It Sells But Still Services?
…and other answers to your compliance questions in the September/October 2020 ABA Regulatory Policy and Compliance Inbox.
