Past Issues | Subscribe | ABA Bank Compliance magazine | ABA Banking Journal | ||||||||||||||||||||||||
June 23, 2023 |
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Features
The latest episode of the ABA Banking Journal Podcast features the winners of ABA’s Distinguished Service Awards for Risk and Compliance: Jim Bedsole, chief risk and compliance officer at BankSouth and Joanne Campbell, EVP and chief risk officer at Camden National Bank.
Banks, third-party providers of all sizes and, most importantly, customers could benefit from a new oversight establishment for the rapidly evolving fintech marketplace.
Statements and research from the Fed may undermine the case for the SEC’s approach to climate risk disclosures.
Risk and Compliance News
The FDIC released updated guidance clarifying that, with regards to conducting a lookback review for multiple non-sufficient funds fees being charged for transactions presented multiple times against insufficient funds in a customer’s account, the agency "does not intend to request an institution to conduct a lookback review absent a likelihood of substantial consumer harm."
The recent bank failures show that banks with more than $100 billion in assets can pose genuine financial stability risks, and federal regulators will take that into account as they craft new capital requirements, FDIC Chairman Martin Gruenberg said.
A group of Republican lawmakers wrote to Treasury Secretary Janet Yellen and Financial Crimes Enforcement Network Director Him Das to raise concerns about FinCEN’s plans to educate stakeholders, including 32.6 million U.S. small businesses that may become reporting companies pursuant to new beneficial ownership rules, about their future filing obligations, and possible penalties for non-compliance when the rules take effect Jan. 1, 2024.
Payment app providers could take several steps to better protect servicemembers and their families from fraud, including new investments in anti-fraud measures and improving their responsiveness when an incident occurs, the CFPB said.
Training
June 27 July 19 July 25 July 26 July 31 - August 3 July 31 - August 4 July 31 - September 1 |
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