ABA Risk and Compliance
 
 
 
 
May 13, 2022
Features
Welcome to the universe of flex-hybrid exams
While the examining agencies are signaling that portions of most exams will continue to be conducted on-site, it is now clear that some form of remote exams will continue.
A changing AML info-sharing landscape creates new risks
U.S. law enforcement agencies are deputizing—voluntarily or involuntarily—financial institutions to serve as their lead investigators.
Asurity Technologies
International Monetary Fund
1071: What Does the Final Rule Mean for Small Business Lenders
Ncontracts®
The CFPB has released the final rule implementing Section 1071 of the Dodd-Frank Act. Ncontracts regulatory compliance experts have gone through all 800+ pages. Whether you're a commercial lender, compliance professional, or member of the C-suite, this webinar on Thursday, April 20, 2023 at 1pm CST will help you understand what the Section 1071 final rule means for your team and how to move forward with confidence. 
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Risk and Compliance News
ABA urges Congress to reject bills restricting overdraft
In a statement submitted for the record ahead of a Senate Banking subcommittee hearing on overdraft, ABA emphasized the important role that overdraft protection plays as a source of liquidity for American consumers and urged lawmakers to reject any legislation that would restrict these offerings.
NACHA releases guide addressing contractual considerations of voice payments
The reference guide, created by NACHA’s Payments Innovation Alliance, provides background on the importance of terms and conditions when offering voice payments services and how terms may be modified to suit different needs.
ABA weighs in on CFPB’s human trafficking, credit reporting proposal
ABA wrote to the CFPB in response to a recent proposal to implement a section of the 2022 National Defense Authorization Act, which made changes to the Fair Credit Reporting Act prohibiting consumer reporting agencies from furnishing a consumer report containing any adverse item of information concerning a consumer that resulted from a severe form of trafficking in persons or sex trafficking.
Six top concerns for mortgage bankers
These challenges will affect all markets, but will have local distinctions that will be important for market participants to understand as they navigate the uncertain road ahead.
Survey: Banking outpaces other industries in preparing to combat fraud and corruption
The banking sector is among the most prepared industries to combat fraud, corruption and illicit activity, according to a recent report.
Winnow Solutions, LLC
FSB floats recommendations for climate risk reporting
As regulators around the globe work to develop frameworks for measuring and mitigating climate-related risks, the Financial Stability Board published recommendations for the reporting and collection of climate-related financial data.
CFPB report flags auto servicing, consumer reporting issues
The CFPB issued a "Supervisory Highlights" report focusing on recent examiner observations of several financial products.
CFPB affirms ECOA applies to existing borrowers
In an advisory opinion, the CFPB affirmed that the Equal Credit Opportunity Act and its implementing regulation, Regulation B, protect consumers who are actively seeking credit as well as those who have sought and received credit.
Crisis Response Management: Decoded
Experian Partner Solutions®
In an age of infinite information where a company’s reputation can be destroyed in as little as 140 characters, it may seem difficult to bounce back from a crisis, but it is possible. Businesses that are prepared for natural disasters or other incidents can protect themselves from serious financial losses, and keep their reputation and customer loyalty intact, if they have the right tools.
Download this e-book to explore
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