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December 6, 2024 |
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 Features
Cybersecurity along with fraud and financial crimes are the top risks facing financial institutions in 2025, according to a recent survey of bank chief risk officers by the Risk Management Association and Oliver Wyman.
Millions of American businesses faced a January 1 deadline to register their beneficial owners with the Financial Crimes Enforcement Network — until a federal judge issued a preliminary injunction stopping FinCEN from enforcing the deadline. This episode of the ABA Banking Journal Podcast discusses what bankers and their business clients need to know about the preliminary injunction and its provisions.
The use of the FDIC logo at teller windows, on bank doors and in other places — not to mention the disclosure of "Member FDIC" in advertising — is a staple of how banks present the deposit insurance guarantee to their customers and the public. On May 1, these practices will receive a major update, and banks need to figure out how to comply.
The ABA’s anti-phishing campaign for banks is finding fun ways to educate consumers about the scams, ABA EVP Paul Benda told NBC10 Boston for a recent news segment on the #BanksNeverAskThat campaign.
Federal and state financial regulators released a joint statement with strategies and advice for financial institutions on identifying, preventing and responding to elder financial exploitation. The statement does not replace previous agency guidance on the subject nor constitutes new regulatory requirements, the regulators said.
The Fifth Circuit Court of Appeals, which has been hearing the legal challenge brought by payday lenders to the Consumer Financial Protection Bureau’s small dollar lending rule, issued an order clarifying that the rule’s compliance date is March 30, 2025.
The Office of the Comptroller of the Currency announced an increase in assessment rates for the 2025 calendar year. The increases are primarily targeted at large banks and other institutions requiring increased supervisory resources, according to the agency.
The Federal Housing Administration announced that FHA-approved lenders will have 36 hours to report a cybersecurity incident to the Department of Housing and Urban Development instead of 12 hours, as was originally proposed.
The Office of the Comptroller of the Currency issued version 1.1 of the "Unfair or Deceptive Acts or Practices and Unfair, Deceptive or Abusive Acts or Practices" booklet of the Comptroller’s Handbook. The booklet contains information for examiners regarding supervision of a bank’s practices related to section 5 of the Federal Trade Commission Act.
TrainingDecember 10 December 11 January 15, 2025 January 21 - March 7, 2025 January 26 - 29, 2025 |
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