Links in “Banks”
- Yellen: Less Onerous Supervision for Smaller Banks, Tougher Supervision for Larger Banks
In her confirmation hearings, Yellen says regulators should seek to level the playing field for large and small banks. [11/19]
- Survey Finds Hunger for Better BYOD Solutions
56% of respondents say their companies are looking to replace their current Bring Your Own Device security solutions. [11/19]
- Yellen Vote Today
Senate Banking Committee votes today whether to confirm Janet Yellen as head of U.S. Federal Reserve. [11/19]
- Compliance Issues Cited in 2 of 3 OCC C&Ds
Among other items in their cease-and-desist orders, an Arkansas bank was ordered to strengthen compliance with Bank Secrecy Act, and a Michigan bank was ordered to form a compliance committee. [11/19]
- Industry Coalition Calls for Flood Summit
Biggert-Waters uncertainty is stalling transactions nationwide; industry group calls for a National Flood Insurance Summit. [11/18]
- Bank Director Survey: Rising Optimism on Economy, Continuing Gloom on Regulatory Environment
43% of executives and directors see improvement in economy over the next 6 months, while 86% cite compliance burden as a top concern. [11/18]
- With No New Supreme Court Case on the Horizon, “Disparate Impact” Is Here to Stay for Awhile
Attorney chimes in on the missed opportunity due to the recent Mt. Holly settlement: "This issue isn't going to go away." [11/18]
- CRA Guidelines Clarify Out-of-Market Activities
In response to commenters, agencies provide clarification in finalized guidelines on CRA credit banks will receive for efforts outside their assessment area. [11/18]
- Fed to Banks: Speed Up Electronic Payments Or Else
Fed signals intention to step in if banks can't speed up electronic payments on their own. [11/18]
- Toll of Keeping Mum on DDoS Attacks
Efforts to seek to deny cybercriminals the publicity they seek is understandable, but the toll of keeping mum on customer trust could be worse than what the cybercriminals are doing. [11/15]
