A recent lawsuit against Facebook was just the latest wrinkle in the challenge of digital marketing compliance, an area that poses challenges to bankers because of its rapid change, its relative newness and a variety of regulatory implications—challenges that are usually outweighed by the benefits of digital marketing.

Midsize banks are at an inflection point: their ranks are growing as banking sector consolidation continues, and while these banks are ramping up their risk and compliance functions, they don’t need the same kinds of programs as the largest banks.

The FDIC will issue a notice of proposed rulemaking to amend its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC is appointed receiver or conservator for an insured depository institution that has sponsored one or more securitization transactions.

The federal banking agencies announced today that they would defer for an additional two years action related to restrictions for certain foreign funds that may have been unintentionally covered under the Volcker Rule.

The FDIC has approved two long-awaited final rules to resolve workability issues with its deposit insurance regulations.

Business email compromise schemes—through which fraudsters target businesses and their fund transfers—generated more than $300 million a month in illicit revenue during 2018, according to the Financial Crimes Enforcement Network. As it works to combat this type of fraud, the agency issued a trend analysis of business email compromise schemes, as well as an updated advisory for financial institutions.

The Basel Committee and the International Organization of Securities Commissions announced today that they will delay for one year the final implementation plan for margin requirements for non-centrally cleared derivatives. With this extension, the final implementation phase will now take place on Sept. 1, 2021.

As part of an ongoing effort to enhance the efficiency and effectiveness of the Bank Secrecy Act/anti-money laundering regime, the federal banking agencies and the Financial Crimes Enforcement Network today issued a joint statement emphasizing their risk focused approach to BSA/AML examinations.

The Consumer Financial Protection Bureau has updated its diversity and inclusion strategic plan, which outlines the bureau’s approach to its own workforce, its third-party suppliers and the entities it regulates.

Experts answer this question and provide additional insights in ABA’s Regulatory Compliance and Policy Inbox in the July/August issue of the ABA Banking Journal.

July 30, 2019
Webinar: Preparing for Safety and Security Threats at Your Institution

August 1, 2019
Webinar: How to Buy Fintech, Partnering for Innovation

August 2, 2019
Application deadline for October CRCM Exam

August 19-23, 2019
Risk Management School – Foundational
Hyatt Regency Reston, Reston, VA

August 20, 2019
Webinar: SCRA Compliance for Mortgage Servicers

October 2, 2019
Application deadline for December CRCM Exam

October 5-11, 2019 
Compliance School – Foundational
Emory Conference Center Hotel, Atlanta, GA

October 7-11, 2019 
Compliance School – Advanced
Emory Conference Center Hotel, Atlanta, GA

December 8-10, 2019
ABA/ABA Financial Crimes Enforcement Conference
Washington Marriott Wardman Park, Washington, DC