Understanding the past is important but extracting value from risk reports and applying the results is critical to the organization’s future. Risk reporting has far more to offer.
Regardless of size, banks need a framework for assessing and understanding climate risk.
The relationship between anti-money laundering professionals and law enforcement has never been more important. AML professionals can follow these practical steps to enhance the usefulness and effectiveness of their SARs.
In remarks before a public symposium on small business loan data collection today, Consumer Financial Protection Bureau Director Kathleen Kraninger signaled the importance of balancing the statutory objectives of Section 1071 of the Dodd-Frank Act with the need to avoid negative credit effects on the $1.4 trillion small business lending market.
ABA today wrote to the heads of the Federal Reserve, FDIC and OCC requesting clarity on the effective date of recently finalized final rules on the tailoring of capital and liquidity standards.
In a comment letter to the Consumer Financial Protection Bureau this week, ABA urged the bureau to consider raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans to 250.
Implementation of the Consumer Financial Protection Bureau’s 2015 Home Mortgage Disclosure Act rule resulted “astoundingly high” costs for creditors, the American Bankers Association said in a joint comment letter with the Bank Policy Institute, Consumer Bankers Association, Housing Policy Council and Mortgage Bankers Association today.
The SEC last week issued a long-awaited proposal to update required disclosures that bank and savings and loan registrants are required to provide to investors.
ABA joined several trade groups in filing a friend-of-the-court brief urging a federal appellate court to reverse a lower court’s order that the U.S. Equal Employment Opportunity Commission collect voluminous EEO-1 data on employees’ pay and hours worked (known as “Component 2 Data”).
The financial regulatory agencies today finalized changes that would expand the number of banks eligible to file a more streamlined version of the Call Report, as directed by regulatory reform law S. 2155.