Abrigo

JANUARY 3, 2024

1, 2024, many companies must begin reporting information about who ultimately owns or controls them to a federal beneficial ownership registry. 1, 2024, many companies are required to begin reporting to the U.S. 1, 2024, have one year (i.e., This is in line with the current CDD regulations. Effective Jan.

Fraud 221

Fraud Regulation Report Compliance 221

CFPB Monitor

FEBRUARY 12, 2024

The final rule became effective in 2020, and the Memorandum requires licensees to comply by March 31, 2024. Continue Reading

South Dakota 78

South Dakota Compliance Regulation 78

Perficient

DECEMBER 21, 2023

Regulators to Bank Boards: “Debt is Good” Crucial Update: Extension of the Comment Period Since Perficient’s Risk and Regulatory Compliance Center of Excellence (CoE) analyzed this decision in September, a significant development has occurred. Learn More: U.S.

DC 221

DC FDIC Washington Compliance 221

Perficient

DECEMBER 1, 2023

Despite this proactive approach, federal banking regulators either neglected to review the same documents or did so without taking necessary action before the bank failed. Commencing with the first quarterly assessment period of 2024 (i.e., Contact us today to navigate the evolving landscape of risk and regulation successfully.

FDIC 221

FDIC Risk Management Regulation Leadership 221

Abrigo

MAY 30, 2023

But compliance deadlines are tiered. 1, 2024, and report for the first time by June 1, 2025. 1, 2024, and report for the first time by June 1, 2025. June 28, 2023, based on the Code of Federal Regulations and the March 30 publication). June 28, 2023, based on the Code of Federal Regulations and the March 30 publication).

Compliance 195

Compliance Lending Data Regulation 195

American Banker

DECEMBER 26, 2023

The crypto landscape is poised for significant developments in 2024, including a focus on tokenization, legislative uncertainties, a regulatory tug-of-war between the SEC and CFTC, and a potentially bullish year for Bitcoin.

Bitcoin 88

Bitcoin Policies cryptocurrency Compliance 88

Abrigo

FEBRUARY 14, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents. What tasks are required per regulations?

Training 195

Training Fraud Compliance Regulation 195

American Banker

MARCH 20, 2024

How the FDIC, the Federal Reserve and other regulators are working to keep banks in compliance through 2024.

FDIC 83

FDIC Compliance Regulation Risk Management 83

Gonzobanker

FEBRUARY 1, 2024

For the bankers we talked with, acknowledging challenges—think NIM, credit, regulation, election uncertainty, unemployment and CRE—while portraying resilience created quite a few compelling narratives throughout the event. Well, we’re in 2024 and let’s talk about that “promising outlook” that seems to be building toward Q3.

Conference 88

Conference FDIC Arizona Industry 88

Perficient

JANUARY 3, 2024

Additionally, these branches underwent annual on-site inspections to ensure compliance with regulations. This shift also led to technological advancements enabling firms to closely monitor broker activity to ensure full compliance at all times. What’s New?

Compliance 221

Compliance Risk Management Regulation Industry 221

The Financial Brand

JANUARY 11, 2024

This article Trends 2024: Consumers Will Drive Open Banking, Not Regulators appeared first on The Financial Brand. This article Trends 2024: Consumers Will Drive Open Banking, Not Regulators appeared first on The Financial Brand. Marketplace forces are finally pushing the U.S. toward open banking. Why that's good news.

Trends 24

Trends Regulation Branding Banking Trends 24

American Banker

DECEMBER 27, 2023

The Consumer Financial Protection Bureau will take a bite out of bank profits in 2024 by issuing final rules on overdraft and credit card late fees, among other major rulemakings.

Cards 73

Cards Policies Compliance Regulation 73

Abrigo

FEBRUARY 10, 2023

Keep leadership informed on AML/CFT trends to ensure a strong culture of compliance at your financial institution. Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive.

Fraud 195

Fraud Training Regulation Compliance 195

American Banker

OCTOBER 20, 2023

Regulators will now accept feedback until Jan 16, 2024 — a six-week extension — concurrent with a Federal Reserve effort to gather additional information about the potential implications of the proposed capital changes.

Regulation 65

Regulation Capital Policies Compliance 65

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. No additional reporting or regulatory compliance for the lender or the borrower. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

American Banker

DECEMBER 25, 2023

Federal regulators will look to finalize capital rules for banks with at least $100 billion of assets. Here's what to look for as the contentious regulations move through the rulemaking process.

Regulation 100

Regulation Capital Policies Compliance 100

CFPB Monitor

OCTOBER 26, 2023

On October 24, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule amending their regulations implementing the Community Reinvestment Act. Continue Reading

Community 78

Community FDIC Compliance Regulation 78

Independent Banker

DECEMBER 31, 2022

The FDIC issued guidance about the consumer compliance risks associated with assessing NSF arising from the re-presentment of the same unpaid transaction. On May 5, 2022, the federal bank regulators jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations.

Compliance 100

Compliance FDIC Community Bank Community 100

American Banker

FEBRUARY 15, 2024

The Federal Reserve Board's 2024 stress test scenario posits severe market volatility, widening corporate bond spreads and significant declines in asset prices. The scenario comes alongside new exploratory analyses probing additional risks for the first time.

Marketing 36

Marketing Compliance Regulation 36

American Banker

DECEMBER 28, 2023

While much of the attention in next year's election is on the top of the ticket, there are several other important races in 2024 that banks need to keep on their radar.

Policies 41

Policies Compliance Regulation 41

American Banker

DECEMBER 21, 2023

CEOs, regulators, advocates, lawmakers: who will have the biggest impact on the banking industry this year?

Regulation 85

Regulation Industry Policies Compliance 85

American Banker

FEBRUARY 14, 2024

New regulations involving cryptocurrency and the results of key elections will impact the industry's success this year.

cryptocurrency 83

cryptocurrency Regulation Industry Cyber Security 83

American Banker

JUNE 12, 2023

Consumer Financial Protection Bureau Director Rohit Chopra warned that "powerful firms" must not dominate the new open banking landscape.

Regulation 72

Regulation Compliance 72

Abrigo

FEBRUARY 9, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." ANPR to Address Residential Real Estate Money Laundering FinCEN is focusing on residential real estate money laundering. Here is what you need to know. billion laundered between 2015 and 2020 through the U.S.

Training 195

Training Fraud Trends Report 195

American Banker

AUGUST 4, 2023

The board of the Home Loan Bank of San Francisco chose not to renew Teresa Bryce Bazemore's contract that ends in 2024, and has initiated a search for a new CEO.

San Francisco 36

San Francisco Policies Compliance Regulation 36

Abrigo

FEBRUARY 14, 2023

Data collection requirements The CFPB 1071 rule is a top compliance concern According to a recent survey , financial institution executives’ top regulatory compliance concern is the final rule from the Consumer Financial Protection Bureau (CFPB) on data collection for small business loan applications.

Data 195

Data Lending Compliance Resources 195

American Banker

AUGUST 11, 2023

Farmer, plans to retire in December 2024. Oberg, a 32-year veteran of the Comerica Bank and a top deputy to CEO Curtis C.

Industry 36

Industry Compliance Regulation 36

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

American Banker

MARCH 1, 2024

In this month's roundup of top banking news: The potential impact of Capital One's purchase of Discover, Citi's use of generative AI for its developers, the downfall of Heartland Tri-State Bank and more.

Capital 77

Capital Industry Compliance Regulation 77

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments. PaaS could be worth as much as $16.7

Payments 260

Payments Compliance Technology Taxes 260

American Banker

NOVEMBER 15, 2023

At the American Fintech Council's 2024 policy summit, banking-as-a-service was the talk of the town as experts shared how to avoid missteps in the business.

Fintech 89

Fintech Policies How To Compliance 89

American Banker

DECEMBER 21, 2023

The Financial Crimes Enforcement Network issued a final rule on beneficial ownership information ahead of a deadline to start reporting this data on January 1, 2024, with revisions to address concerns from lawmakers and banking advocates.

Data 68

Data Report Compliance Regulation 68

PYMNTS

FEBRUARY 19, 2020

In other small business banking news , rising Know Your Customer (KYC) and other risk mitigation regulations have pushed the ecosphere into a closer look at digital identity technology, a market that is expected to hit $12.8 billion in valuation by 2024.

Knowledge Base 130

Knowledge Base Tools Technology Compliance 130

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. Get to know regulator expectations and priorities. Regulators’ risk management perspective is evolving, and financial institutions should expect to be held accountable for consistent stress testing.

Risk Management 195

Risk Management Management Policies Lending 195

American Banker

JANUARY 30, 2024

Who controls the administrative agenda is the most important outcome of the election for banks. But the road to controlling that agenda runs through the Senate, where the political dynamics are considerably different than at the top of the ticket.

Policies 36

Policies Compliance Regulation 36

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments. PaaS could be worth as much as $16.7

Payments 153

Payments Compliance Technology Taxes 153

American Banker

MARCH 28, 2024

Senate Banking Committee Chairman Sherrod Brown faces a tough 2024 campaign to recapture his Ohio senate seat in a state that's increasingly Red. Can the same state that elected conservative populist firebrand J.D. Vance also re-elect Sherrod Brown? And what do the political undercurrents apparent in Ohio mean for banks?

Ohio 37

Ohio Policies Compliance Regulation 37