ABA Risk and Compliance
 
 
 
 
September 15, 2023
Features
Future-forward compliance
The bank compliance function stands on the brink of fundamental change driven by digital technology. This transformation has already begun and is likely to accelerate sharply as generative AI drives new thinking about both the compliance challenges and the compliance solutions of the future.
Judge grants win to ABA, Chamber in lawsuit over CFPB UDAAP exam manual
A federal judge in Texas has granted summary judgment to ABA, the Texas Bankers Association, the U.S. Chamber of Commerce and several other co-plaintiffs in their challenge to the CFPB’s UDAAP exam manual, in which the bureau unlawfully expanded the statutory definition of "unfairness" to encompass discrimination.
SYSTRAN
Thomson Reuters
Capital in the crosshairs
Now is the time to prepare, as tougher regulatory scrutiny of capital levels is coming.
Bank economists: ‘Soft landing’ odds have improved but recession risks remain
The U.S. economy is likely to dodge a recession despite an expected loss of momentum in economic growth over the next few quarters, according to the latest forecast of ABA’s Economic Advisory Committee.
Ncontracts Launches Nstitute: An Online Training Program to Earn Nstitute Certified Vendor Management Professional (NCVMP) Certification
Ncontracts®
Ncontracts, launched an online training program “Nstitute Certified Vendor Management Professional (NCVMP)" certification based on the new interagency guidance on 3rd party risk management. Nstitute is a self-paced, training program that covers essential areas of third-party risk management to empower vendor managers and professionals tasked with overseeing third-party vendors, consultants, fintechs, and others. Ncontracts is currently offering an exclusive 30% discount. 
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ABA warns against CBDC adoption
A central bank digital currency is unnecessary in the U.S. and would present unacceptable risks and costs to the financial system, ABA said in comments to Congress.
ABA urges support for beneficial ownership information bill
ABA expressed support for legislation to require FinCEN to finalize all rulemakings required under the Corporate Transparency Act before any rules take effect concerning beneficial ownership information reporting requirements.
ABA, associations urge SEC to reject investment adviser custody rule
ABA and two dozen industry groups yesterday urged the Securities and Exchange Commission to reject proposed rulemaking on safeguarding advisory client assets.
K2 Integrity
Winnow Solutions, LLC
ABA warns credit union lending bill would negate existing safeguards
Legislation to make it easier for credit unions to underwrite large-scale commercial real estate development projects undermines their congressionally mandated mission to serve people of modest means in underserved areas, ABA said.
California poised to adopt emissions, climate risk reporting laws
California lawmakers have advanced two proposed state laws to require companies doing business in the state to report their greenhouse gas emissions and prepare biennial reports on their climate-related financial risks.
ABA, associations: Proposed capital requirements rulemaking violates law
Proposed capital requirements for larger banks rely on data and analyses that federal agencies have not made publicly available, which is in violation of the law, ABA and five trade groups said.
Unveiling the Future: The Data Breach Industry Forecast is Here!
Experian Partner Solutions®
Get ready to unlock exclusive insights into the ever-evolving world of cybersecurity! Our 11th annual "Experian 2024 Data Breach Industry Forecast" is here, offering a tantalizing glimpse into the future. With six pivotal predictions that will reshape the cybersecurity landscape, this report is a must-read for data breach professionals, cyber experts, and industry leaders.
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