Newsletters

11.27.18

State Update: Enforcement, Oversight by States Continues

State attorneys general continue to fill the federal enforcement void, with the Pennsylvania attorney general soliciting redlining complaints and the attorney general in New York reaching a $65 million deal with a bank over incentivized compensation.


11.27.18

Banks Face Changes After Midterm Elections

What impact will the midterm elections have on banks?


11.27.18

Is Your Ecommerce Site Secure for the Holidays?

The holiday season is here again and it is a prime time for cybercriminals to target websites to steal sensitive data.


11.07.18

Regulators Embrace Innovation

“Innovation” is the keyword for regulators across the country, with the Federal Deposit Insurance Corporation (FDIC) announcing the agency will create an office to encourage banks to try out new financial technology and the Securities and Exchange Commission (SEC) launching what it ...


11.07.18

Ruling on Surcharge Law, NY Court Adds to Murky Situation

In the latest piece of the surcharge controversy, New York’s highest court interpreted state law to hold that a merchant complies with the statute so long as it posts the total dollars and cents price charged to credit card users.


11.07.18

CFPB News

The Bureau of Consumer Financial Protection (CFPB or Bureau) may have changed its name under Acting Director Mick Mulvaney, but its recent enforcement action against a small-dollar lender in Tennessee makes it look just like the old CFPB.


11.07.18

Take Two: CSBS Files Second Suit Challenging OCC Fintech Charters

Just a few weeks after the New York Department of Financial Services (DFS) filed its second lawsuit challenging the decision by the Office of the Comptroller of the Currency (OCC) to offer a federal bank charter for fintech firms, the Conference of State Bank Supervisors (CSBS) followed suit and ...


11.07.18

Latest BSA/AML Penalty: $100M From OCC

On October 23, 2018, the Office of the Comptroller of the Currency (OCC) assessed a $100 million civil money penalty against a national bank primarily known for its issuance of credit cards, for failing to comply with a 2015 consent order requiring the financial institution to timely remedy ...


11.07.18

FSSCC Launches Cybersecurity Profile v1.0

A coalition of industry groups has unveiled a new cyber compliance profile framework specifically for financial institutions, aimed at streamlining regulatory burdens.


10.24.18

A Need for Speed: FRB Considers Options for Faster Payments

In an effort to facilitate real-time interbank settlement of faster payments, the Federal Reserve Board (FRB) is asking for input from industry stakeholders on the best options.