ABA Risk and Compliance
 
 
 
 
June 24, 2022
Features
The chief compliance officer of 2030
The successful CCOs of tomorrow will carefully build and lead programs specifically designed to allow teams of analysts, regulatory bodies and vendor-partners to all work in concert.
Jackson recognized with Distinguished Service Award
Lawrence "L. Ray" Jackson, former FDIC deputy regional director for the division of depositor and consumer protection in the Chicago regional office, received the Distinguished Service Award for compliance during ABA’s Regulatory Compliance Conference
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. 
Register Now
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Risk and Compliance News
CFPB issues final rule on credit reporting protections for human trafficking survivors
The rule updates the Fair Credit Reporting Act’s implementing regulation to ensure it meets DBRA’s credit reporting requirements and that survivors’ credit information is reported fairly.
FinCEN issues statement on due diligence for independent ATM owners, operators
The Financial Crimes Enforcement Network issued a statement reminding banks of how to apply a risk-based approach to conducting customer due diligence on independent ATM owners or operators pursuant to the 2016 customer due diligence rule.
Banking groups cry foul after FDIC abruptly closes OSA, reinstates SARC
ABA and five other banking trade groups have shared their concern with the FDIC’s decision to eliminate the recently opened Office of Supervisory Appeals and reinstate the Supervision Appeals Review Committee.
Payment messaging upgrade promises benefits
Enriched data from ISO 20022 is expected to spur new payment-related products and more insightful analysis into customer payment patterns
Fenergo
Winnow Solutions, LLC
ABA calls for significant changes to SEC climate risk disclosure framework
Warning that the agency is going far beyond its mandate, ABA urged the Securities and Exchange Commission to significantly revise—or withdraw altogether and repropose—its extensive climate risk disclosure framework for public companies.
CFPB targets credit card fees
CFPB Director Rohit Chopra has announced an advance notice of proposed rulemaking focusing on credit card late fees.
FDIC proposes significant increases in deposit insurance assessments
The FDIC signaled an intent to aggressively raise deposit insurance assessment rates, proposing a two basis-point increase beginning in the first quarterly assessment period of 2023.
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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