ABA Risk and Compliance
 
 
 
 
May 27, 2022
Features
When climate risk comes home
Community banks in oil and gas towns grapple with the future of climate risk supervision.
The ESG factor(s)
A special report on environmental, social responsibility and corporate governance factors in banking.
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
CSBS urges lawmakers to include SAFE Banking Act in Competes Act
As lawmakers attempt to reconcile the House and Senate versions of the America Competes Act, the Conference for State Bank Supervisors advocated for the SAFE Banking Act to be included in the final version of the bill.
ABA urges CFPB to balance concerns, benefits of AVMs in rulemaking
ABA offered feedback to the CFPB on a recent outline of proposals under consideration for a joint agency rulemaking to develop quality control standards for the use of computer models, known as automated valuation models.
Hsu: Banks should focus on counterparty credit, concentration risk amid economic uncertainty
As high inflation and economic uncertainties persist, Acting Comptroller of the Currency Michael Hsu said that "now is the time for banks to take a fresh look at their exposures and take actions to adjust their risk positions—to ‘trim their sails,’ so to speak—ahead of potential uncertainty and volatility."
Building optimal risk and compliance teams
In a destabilized, uncertain era, it will take unique mindsets and skillsets to help safeguard banks.
Podcast: Understanding the SEC’s climate risk disclosure proposal
Public comments for the Securities and Exchange Commission’s sweeping climate risk disclosure proposal are due on June 17, with major implications for banks and their clients. ABA’s Mike Gullette and Joe Pigg dig into the details.
Winnow Solutions, LLC
DOJ issues guidance for employers on use of AI, algorithms in hiring processes
The Department of Justice issued guidance on the use of algorithms and artificial intelligence in hiring processes and employers’ responsibilities under the Americans with Disabilities Act.
CFPB issues interpretive rule on states’ enforcement authority
The CFPB issued an interpretive rule stating its view that state regulators and state attorneys general have enforcement authority with regard to all provisions of the Consumer Financial Protection Act, based on its interpretation of Section 1042 of the CFPA.
FDIC finalizes rule to investigate misuse of agency name, logo
The FDIC has approved a final rule establishing a process by which the agency will identify and investigate any conduct involving the misuse of its name or logo.
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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