Links in “Banks”
- Requirements for Appraisal Management Companies (AMCs)
The appraisal management industry has been subject to hefty regulation in years past, and the 2015 requirements follow suit in implementing even tighter standards. With such strong regulatory pressures fundamentally impacting the way financial institutions manage the appraisal function, itâs important to have a strong grasp on what these new AMC requirements entail. [11/10/15]
- DDoS Attacks On the Rise
Distributed denial of service attacks reach their two-year high-water mark in Q3 2015. (Note: This Friday's episode of Risk Watch will address cyber extortion.) [11/10/15]
- Who’s Next? Succession Planning for Banks
ABA has released "Succession Planning for Banks" to help financial institutions make it through the coming wave of retiring baby boomers. [11/10/15]
- CFPB v. PHH: RESPA Round Three
The CFPB hits PHH Corp. for $109 million for its RESPA violations. An administrative law judge took that number down to $6.4 million this summer. The CFPB isn't giving up so easily and is overruling the recommendation. The case is controversial because it calls into question the legality of market services agreements. [11/10/15]
- Link Between Civil Unrest and Credit Availability?
AÂ DOJ official sees lack of credit as a driver in recent rounds of civil unrest and controversies over use of police powers. [11/9/15]
- How You Avoid the Flu and How You Avoid Cyberattacks Have Much in Common
Overlooking effective, common-sense approaches to avoiding the flu can make you a grim statistic. The same with fundamental security controls. Take, for example, the Office of Personnel Management. [11/9/15]
- Too Big to Fail: Global Group Seeks to Shift Costs of Failure from Taxpayers to Investors
The proposed standards would require the world's biggest banks to maintain capital buffers that could absorb potential losses when a bank is failing. [11/9/15]
- Raise Gas Tax to Pay for Roads? Not in an Election Year; Congress Eyes Fed’s Dividend
Congress is looking for ways to pay for more roads. Rather than raise the gasoline tax, and thereby enraging consumers in an election year, they are looking at grabbing some of the Federal Reserve's annual dividend payments to bank. [11/9/15]
- Risk Watch 77: Kickstart My Money Laundering Scheme? Crowdfunding and SARs
Though the relative number of SARs associated with crowdfunding is still low, a 171% rate of increase canât be ignored. Ken Agle, president of AdvisX, gives us the lowdown of what attracts money launderers and fraudsters to these crowdfunding campaigns, and clues us in on how to spot and report such unsavory practices. [11/6/15]
- Chamber of Commerce Slams NY Times Arbitration Articles
The U.S. Chamber of Commerce criticizes recent articles on arbitration in the New York Times as "deceptive caricature." [11/6/15]
