The Federal Reserve today issued an advance notice of proposed rulemaking on updating the agency’s three-decade-old Community Reinvestment Act regulations.
The American Bankers Association today expressed support for the Consumer Financial Protection Bureau’s proposed advisory opinion program, which would allow entities seeking to comply with existing regulations to request an advisory opinion from the bureau to address areas of uncertainty.
The Financial Crimes Enforcement Network today issued a statement describing its approach to Bank Secrecy Act enforcement and the factors it evaluates in determining the appropriate response to and enforcement of BSA violations.
A small shift in how you think about your vendors can make a big difference.
Thomas Healy, CRCM and VP, enterprise compliance at USAA, received the Distinguished Service Award for compliance during ABA’s Risk and Compliance Virtual Conference this week.
Prior to Dodd-Frank, federal law often preempted state law. Under the new analysis, that is generally no longer the case. As a result, banks of all sizes and charters have had to pay more attention to state law.
Under a new pilot program launched by the Consumer Financial Protection Bureau today, entities seeking to comply with existing regulations may request an advisory opinion from the bureau to address areas of uncertainty.
Consumer Financial Protection Bureau Director Kathy Kraninger will deliver a live keynote address during ABA’s Risk and Compliance Virtual Conference, to be held July 28-30.
The OCC issued a long-awaited final rule today affirming that permissible interest on a loan made by a national bank or federal thrift remains valid when the loan is transferred or sold, codifying the “valid when made” principle for nationally chartered banks.
To encourage banks and other depository institutions to engage in responsible small-dollar lending, federal financial regulators today issued long-awaited joint guidance for offering these types of loans to consumers and small businesses.