News Topic: Compliance

If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all. ... Read full article

There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus. ... Read full article

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection. ... Read full article

William Isaac and Howard Milstein plan to provide advice to U.S. and foreign banks of all sizes. ... Read full article

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary. ... Read full article

House Democrats maintained their criticism of the bank during Charlie Scharf's first hearing, but Republicans suggested it is on better footing now that many top leaders have been replaced. ... Read full article

Community bankers keep harping on the illusory issue of "too big to fail." If they're serious about strengthening the economy, they should make more of an effort to unite the industry, not divide it. ... Read full article

The House Financial Services Committee is still planning to have former Wells Fargo board members Betsy Duke and James Quigley testify after announcing their resignations. ... Read full article

Maybe Congress shouldn’t be so quick to change laws without real-world input. ... Read full article

The bank's board chair and fellow director James Quigley abruptly resigned early Monday. Both are scheduled to appear before the House Financial Services Committee this week. ... Read full article

The agency's effort to engage with lawmakers on a whistleblower award program is one of three initiatives the bureau announced to advance its strategy of preventing consumer harm. ... Read full article

Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage. ... Read full article

The bank said it was Sloan's decision to retire, but a new report from House Democrats reveals that Fed and OCC officials made moves behind the scenes in 2018 and 2019 to pressure the bank's board to remove him. ... Read full article

Giving more Community Reinvestment Act credit to such partnerships will help low-income communities, despite industry concerns. ... Read full article

The Treasury secretary's statements are a sign that government agencies are still in the early stages of understanding this fundamentally new technology. ... Read full article

There's much bank executives can learn from the 737 Max and Deepwater Horizon catastrophes, which could have been averted if regulators had been notified sooner. ... Read full article

The three cease and desist orders and one written agreement had cited separate concerns at JPMorgan Chase, Discover, Deutsche Bank and RBS. ... Read full article

Congress should further expand a tiered regulatory system to help community banks better serve local neighborhoods. ... Read full article