CFPB Issues Statement on Disaster, Emergency Supervisory Practices
The Consumer Financial Protection Bureau today issued a statement outlining its supervisory practices with regard to major disasters or emergencies.
Browsing: Disaster preparedness
Federal, State Regulators Issue Joint Statement on California Wildfires
With many communities in California affected by wildfires, federal and state financial regulatory agencies today issued a joint statement encouraging institutions operating in the affected areas to continue to meet the financial service needs of their communities.
Federal, State Regulators Issue Joint Statement on Hurricane Ida
With many communities in Louisiana and surrounding states receiving serious damage from Hurricane Ida, federal and state financial regulatory agencies today issued a joint statement reminding banks of supervisory expectations related to disaster recovery.
Federal, State Regulators Issue Statement on Banks Affected by Hurricane, Wildfires
The federal and state banking regulators issued an interagency statement today regarding financial institutions affected by Hurricane Laura and the California wildfires.
Conducting Pandemic Risk Assessments: What Banks Need to Know
Regulators will expect banks to be better prepared for the next crisis event, and they have offered guidance on how you should prepare.
Navigating the ‘New Normal’ of a Global Pandemic
How banks are pivoting to address the challenges of the coronavirus.
Podcast: How One Bank Workforce Went Fully Remote Amid COVID-19
Live Oak Bank CTO Brian Lora talks about how the bank’s cloud-based infrastructure helps it stay resilient and rapidly go remote when hurricanes, or a global pandemic, strikes.
Technology Firm to Offer Free Cloud Desktops, Resources to ABA Members
To help banks address the operational challenges posed by the novel coronavirus, Summit Technology Group announced today that it will offer complimentary cloud desktops and business continuity resources to American Bankers Association member banks.
Policymakers Urge Banks to Work with Borrowers Affected by Coronavirus
Recognizing the potential effects of the 2019 coronavirus disease on bank customers, financial regulators today issued a statement calling on banks to work constructively with borrowers and others affected by the virus in their communities.
Agencies Issue Pandemic Planning Guidance for Banks
With the number of reported cases of the novel coronavirus on the rise in the U.S., the Federal Financial Institutions Examination Council late Friday issued guidance for banks on business continuity planning in the face of a pandemic.