You Got This: Managing Your Next Examination
Bank management does have capacity to make the examination experience a better one. Two financial services attorneys explain how.
Browsing: Exam fairness
Kraninger Outlines Supervisory Burden Reduction Efforts at ABA RCC
The federal banking agencies are working to reduce excessive supervisory burdens through automation and shared data submission, Consumer Financial Protection Bureau Director Kathy Kraninger said today at the ABA Regulatory Compliance Conference in New Orleans.
McWilliams: ‘Everything on Table’ for FDIC Exam Appeals Process
As part of her efforts to bring greater transparency to the FDIC, Chairman Jelena McWilliams is “looking to strengthen the ombudsman and bank appeals process at the FDIC,” she said in a recent interview with the ABA Banking Journal.
A Fresh Perspective
With a powerful personal story and real-world banking experience, Jelena McWilliams is shaking up the FDIC.
Agencies Issue Second Update on Exam Modernization Effort
As part of an ongoing review of the safety and soundness exam process, the Federal Financial Institutions Examination Council today issued a second update on progress made to date.
FDIC to Post Key Performance Metrics on Website
Under a major new transparency initiative, the FDIC will publish key performance metrics on its website, agency chairman Jelena McWilliams said today.
SEC Echoes Agencies, Affirms Guidance Is Nonbinding
Echoing a similar statement made by the financial regulatory agencies earlier this week, the Securities and Exchange Commission today affirmed that its regulatory guidance is nonbinding.
Agencies Affirm: No Enforcement Actions Based on Guidance
In an important joint statement issued today, the financial regulatory agencies clarified the role of supervisory guidance in bank supervision, noting that it “does not have the force and effect of law.”
Treasury Recommends Pro-Innovation Updates to Fintech Regulation
The Treasury Department today issued a long-awaited report recommending changes to laws and regulations affecting nonbank financial providers and the broader fintech environment.
House Appropriations Bill Includes ABA-Backed Financial Services Provisions
The House by a vote of 217 to 199 today passed H.R. 6147, a minibus appropriations bill which included a number of financial services provisions backed by the American Bankers Association.