Links in “Banks”
- ABA to CFPB on Overdrafts: 100% of Consumers with Overdraft Protection Opted In
ABA responds to the CFPB's study on overdraft protection pointing out that everyone with overdraft protection has opted in and can opt out at anytime. [8/4/14]
- Costs of Complying with New Mortgage Regulations Chasing Smaller Banks from the Market
A report finds banks losing an average of $194 a mortgage, leading smaller institutions to outsource their mortgages, creating an opportunity for industrious outsourcers. [8/4/14]
- Risk Watch 23: Seven Deadly CTR Sins
Nope, itâs not gluttony or greed! In this video, Analyst Rachel Osborn details the seven common errors she sees institutions make in their currency transactions reports. [8/1/14]
- Campus Financial Product Clampdown Could Unbank Students
ABA says Dept. of Education's recent proposal on campus financial products would severely limit access to traditional banking services for many students. [8/1/14]
- Report: Operation Choke Point Is “World’s Largest Fishing Expedition”
New report is issued calling Operation Choke Point, an initiative by the DoJ and other federal agencies to target the relationship between banks and businesses in certain industries, a threat to due process. [8/1/14]
- Industry Lends Support to Cybersecurity Legislation
Many trade groups join together to lend support to CISA, the Cybersecurity Information Sharing Act, legislation designed to promote prompt information sharing on cyber threats between businesses and the government. [8/1/14]
- How Banks Conduct Vendor Risk Assessments
Survey of 26 financial services firms around the globe on how they manage the onslaught of risk assessments and vendor oversight requirements. [8/1/14]
- Industry Group Blasts FinCEN’s AML Proposal
ICBA says FinCEN's proposal to require banks to identify the beneficial owners as they open accounts and add further due diligence requirements will further strain the nation's banks' ability to promote economic growth in their communities. [8/1/14]
- In a Flood Without a Compliance Paddle
The federal agencies respond to ABA request for guidance on timelines and implementation plans for new flood insurance rules by saying that was outside their authority. [8/1/14]
- Benefits of Tracking the Wire Transfer Lifecycle
The ability to track specific wire transfers through each point of its journey can be a useful way to fight account takeovers, compromised log-in credentials, man-in-the-browser attacks and more. [7/31/14]
