ABA Risk and Compliance
 
 
 
 
March 17, 2023
Features
Back with a vengeance: The challenges of check fraud
Understanding the rules surrounding returns is more important than ever, as the number of fraud cases skyrockets.
The farm data revolution: Empowering banks to better manage risk
New tools bring new insights to ag lending.
SYSTRAN
Thomson Reuters
Data privacy part 2: A patchwork of state laws
While the focus of each state has a unique flavor with varying eligibility thresholds, banks should consider some common threads.
ABA Regulatory and Compliance Inbox: Husbands, wives and proper HMDA reporting
Also: And what qualifies as ‘principal shareholders,’ ‘directors’ and ‘executive officers’ under Regulation O?
1071: What Does the Final Rule Mean for Small Business Lenders
Ncontracts®
The CFPB has released the final rule implementing Section 1071 of the Dodd-Frank Act. Ncontracts regulatory compliance experts have gone through all 800+ pages. Whether you're a commercial lender, compliance professional, or member of the C-suite, this webinar on Thursday, April 20, 2023 at 1pm CST will help you understand what the Section 1071 final rule means for your team and how to move forward with confidence. 
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FDIC: Institutions required to meet contractual obligations with bridge banks
Following the opening by the FDIC of two bridge banks, Silicon Valley Bridge Bank and Signature Bridge Bank, to assume the deposits and obligations of two failing banks, the agency this week confirmed that these institutions are operating as full-service banks.
CFPB launches inquiry into data broker practices
The Consumer Financial Protection Bureau has issued a request for information as part of an inquiry into the business practices of data brokers.
ABA to PCAOB: Confirmation process needs modernization beyond current proposal
The proposal as currently outlined doesn’t go far enough to consider current and future technical opportunities and risks, ABA says.
Fenergo
Winnow Solutions, LLC
SEC proposes amending cybersecurity rules
The Securities and Exchange Commission has released three proposed amendments to existing cybersecurity-related rules, including new customer notification requirements for data breaches.
CFPB, DOJ: Lenders can be held liable for discriminatory third-party appraisals
Mortgage lenders can be held liable under federal law for relying on discriminatory appraisals from third-party appraisers, the CFPB and U.S. Department of Justice said.
ABA seeks level playing field in digital asset regulation
Lawmakers and regulators should adhere to the principle of "same activity, same risk, same regulation" when developing a framework for digital asset regulation, seeking to apply existing financial system safeguards to the digital asset ecosystem and filling in gaps with new legislation, ABA said.
Crisis Response Management: Decoded
Experian Partner Solutions®
In an age of infinite information where a company’s reputation can be destroyed in as little as 140 characters, it may seem difficult to bounce back from a crisis, but it is possible. Businesses that are prepared for natural disasters or other incidents can protect themselves from serious financial losses, and keep their reputation and customer loyalty intact, if they have the right tools.
Download this e-book to explore
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