Top Bank Risks for 2022
Five key factors for risk managers and C-suites in the year ahead.
Browsing: Coronavirus
Supreme Court Sets Jan. 7 Argument in Vaccine Mandate Dispute
The Supreme Court announced last night that it will hold oral argument Jan. 7 in the challenge to the employer vaccine mandate issued by the Occupational Safety and Health Administration.
CFPB, DOJ Remind Servicers of Veteran, Service Member Rights As COVID Forbearance Ends
With many COVID-19 mortgage forbearance programs winding down, the CFPB and the Department of Justice today sent letters to mortgage servicers reminding them of service member and veteran mortgage borrowers’ rights under federal laws and regulations, including the CARES Act, the Servicemembers Civil Relief Act, Regulation X and Regulation Z.
FDIC: CRE Credit Conditions Remained ‘Relatively Stable’ during Pandemic Downturn
While the total amount of commercial real estate loans held by banks has grown, individual institutions’ holdings of CRE loans relative to capital levels have remained below peaks observed during the last recession, the FDIC said in the latest edition of FDIC Quarterly.
EEOC Issues Guidance on When COVID-19 Considered a ‘Disability’ under ADA
The Equal Employment Opportunity Commission issued guidance yesterday, in the form of 14 additional questions-and-answers, regarding the circumstances where COVID-19 is considered a “disability” under the Americans with Disabilities Act.
CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and June of 2021.
Federal Court Issues Nationwide Injunction Against Federal Contractors Vaccine Mandate
A federal court in Georgia today enjoined the federal government nationwide from enforcing its vaccine mandate for federal contractors working on federal contracts.
Beige Book: Economic Activity Grows Moderately, Held Back by Supply Chain Issues
Economic activity grew at a moderate pace from early October to mid-November, but some parts of the country reported constrained growth, despite strong demand due to supply chain disruptions and labor shortages, according to the Federal Reserve’s eighth Beige Book release of the year.
Federal Court Enjoins Federal Contractors Vaccine Mandate in Kentucky, Ohio and Tennessee
A federal court enjoined the federal government from enforcing its vaccine mandate for federal contractors working on federal contracts in Kentucky, Ohio and Tennessee. Banks that conduct business with the federal government or that have branches on military bases or other federal property may be subject to the vaccine mandate.
Powell: Banking System Strong, Cyber Risk Remains a Threat
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and that while “there are some issues to address in the capital markets, I wouldn’t say they rise to the level of grave systemic importance.” He did flag cyber risk as a key threat to financial stability.