ABA Risk and Compliance
 
 
 
 
August 1, 2025
Features
The ever-expanding role of chief risk officer
The position of chief risk officer at financial institutions today is not for the faint of heart — not that it ever was. But CRO responsibilities have broadened dramatically, requiring fluency not only in traditional bank risks but nonfinancial risks, that make the position more demanding but also elevate it into corporate leadership.
Fraud Watch: The value of a multipronged strategy
With more than one in three Americans having experienced financial fraud or a scam since January 2024 — 37% of whom have lost money — fraud has become pervasive. With so many affected consumers across generations, banks need to stay vigilant to help protect them.
ABA Fraudcast: How the ABA Foundation helps banks protect their customers
One of the major efforts from the very busy team at the ABA Foundation these days is helping bankers help older Americans protect themselves from scams. The Foundation’s Safe Banking for Seniors program focuses on a number of ways seniors can avoid financial danger.
360factors, Inc
Orion
Podcast: Inside ABA’s new Treasury Check Verification System API
ABA’s new online platform to provide members with free access to the Treasury Check Verification System is now live. On a special joint episode of the ABA Banking Journal Podcast and ABA Fraudcast, ABA anti-fraud experts Paul Benda and Hannah Ibberson discuss the platform and how banks can put it to use.
The threat from within: Managing insider threat risks
Although most employees recognize the important role FIs play in communities and the importance of their trusted relationships with customers, FIs are at risk of insiders taking advantage of the access, data and tools at their disposal and in doing so engaging in illicit activity.
ABA Podcast: The future of careers in risk and compliance
What does the future hold for bank risk and compliance professionals? On this episode of the ABA Banking Journal Podcast, Krysti Cunningham of Security National Bank in Omaha, Nebraska — and winner of the 2025 Distinguished Service Award for Risk and Compliance — discusses the technological transformation in risk and compliance at community and midsize banks.
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ABA: Collaboration key to combating check fraud
Fighting check fraud will require greater collaboration and cooperation between federal, state and local agencies alongside private sector stakeholders such as U.S. banks, the ABA told House lawmakers.
House passes ABA-backed bill to protect senior investors
The House has passed, by voice vote, a bill directing the Securities and Exchange Commission to create a task force dedicated to combating the exploitation of senior investors.
Bessent: Capital standards reform should benefit all banks
Bank regulators should abandon the "flawed" approach of creating two sets of capital standards for large banks and instead propose a single set of modernized standards also available as an option for smaller banks, Treasury Secretary Scott Bessent said.
SAFARI SOP
Protecht Group
ABA, associations seek revisions to data breach standards for investment companies, advisers
The Securities and Exchange Commission needs to provide more clarity and guidance about recent amendments to its data breach standards for investment companies and advisers, and it should consider making further changes to ease the compliance burden on covered institutions, the ABA and seven associations said in a joint letter to the SEC.
CFPB to keep notification procedures for state enforcement of consumer law
The Consumer Financial Protection Bureau is reversing course on its earlier decision to eliminate the procedures under which state officials must notify the bureau if those officials plan to enforce the Consumer Financial Protection Act.
FinCEN announces intent to postpone applying BSA requirements to investment advisers
The Financial Crimes Enforcement Network announced that it intends to postpone the effective date of a new rule to require certain investment advisers to comply with Bank Secrecy Act regulations so it can revisit the scope of the requirement.
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