ABA Risk and Compliance
 
 
 
 
March 31, 2023
Features
New sanctions require banks to up their games
Sectoral sanctions on China already challenged banks and their clients heading into 2022, but the much broader and more complicated sanctions imposed on Russia following its second invasion of Ukraine have increased those challenges many times over.
Laboratory experiments
High-profile banking laws driven by politics and model policies are roaring out of state legislatures—our "laboratories of democracy." And are we headed toward being a country of red-state banks and blue-state banks?
Podcast: Crisis response with the most vulnerable in mind
Revisit the critical days of March and April 2020 in Washington on the latest episode of the ABA Banking Journal Podcast.
SYSTRAN
Thomson Reuters
ABA report: Consumers managing credit well despite continued headwinds
Consumers continued to manage their credit well despite economic headwinds in the third quarter of 2022, according to the latest ABA Credit Card Market Monitor released this week.
Poll: Interest rate risk now top concern for many bankers
Concern about interest rate risk grew significantly among bank board members and bank executives in 2023, according to a new survey by Bank Director magazine.
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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Regulators consider stronger rules for larger banks
The Federal Reserve is reviewing its capital and liquidity standards for all large banks following the closures of Silicon Valley Bank and Signature Bank, including those with more than $100 billion in assets, Fed Vice Chairman Michael Barr said this week.
ABA urges changes to beneficial ownership registry reporting
In a recent letter, ABA urged the Financial Crimes Enforcement Network to make changes to the form that entities will use to report beneficial ownership information to the registry that FinCEN is creating to store this information.
Senators question regulators’ role in SVB collapse
During a Senate Banking Committee hearing this week, regulators agreed that rules governing financial institutions should be strengthened to better protect the overall financial system. Several lawmakers questioned, however, whether those same regulators failed to use their existing tools to rein in Silicon Valley Bank.
Fenergo
Winnow Solutions, LLC
HUD to reinstate 2013 disparate impact rule
The Department of Housing and Urban Development announced that it will re-codify the 2013 disparate impact rule, saying the rule "is more consistent with how the Fair Housing Act has been applied in the courts and in front of the agency for more than 50 years."
CFPB issues decision on TILA preemption of state laws
The CFPB issued a determination that state disclosure laws covering lending to businesses in California, New York, Utah and Virginia are not preempted by the Truth in Lending Act, confirming its preliminary determination that "there is no conflict because the state laws extend disclosure protections to businesses and entrepreneurs that seek commercial financing."
ABA, trade groups urge increase in CDFI fund appropriations
The trade groups asked for $500 million for the CDFI Fund, which includes a $50 million allocation for the Bank Enterprise Award Program.
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.
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