Compliance

Joseph Otting, comptroller of the currency
CRA
Brendan Pedersen
April 8, 2020 12:41 PM

Lenders and community groups say it's a mistake for the banking agencies to move forward during a national crisis. But Comptroller of the Currency Joseph Otting says updated Community Reinvestment Act rules would speed relief to neighborhoods and small businesses.

6 Min Read
Tobias Salinger
April 7, 2020 4:12 PM

Organizations and firms are donating N95 masks, providing resources at no cost and taking steps to protect employees and practices nationwide from the spreading pandemic.

1 Min Read
U.S. President Donald Trump, left, listens as Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2
Kate Fitzgerald
April 3, 2020 3:23 PM

The U.S. Treasury is talking to digital payments providers about quick ways to disburse funds to recipients of stimulus checks within a couple of weeks, but payments industry experts foresee troubling security issues even with most of the obvious options.

5 Min Read
“As consumers seek temporary relief from lenders, the pandemic is impacting the operations of financial companies that are eager to help their customers during this unprecedented time,” CFPB Director Kathy Kraninger said.
Kate Berry
March 26, 2020 1:47 PM

The reprieve from mortgage data collection was among several changes to the agency’s supervisory and enforcement procedures to help firms responding to the COVID-19 pandemic.

2 Min Read
The SEC is one of several regulators charged with the first phase of a joint rulemaking for the Financial Data Transparency Act.
March 25, 2020 4:39 PM

Only a firm “actively swindling funds” would trigger an onsite visit, according to Peter Driscoll.

3 Min Read
March 25, 2020 9:58 AM

The spread of coronavirus requires employers to consider regulations that might not have applied before, and makes a strong case for teleworking.

4 Min Read
Broken rope
William M. Isaac
March 24, 2020 9:55 AM

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

4 Min Read
p19jrpuv0h1760mht17qm4u75aoc.jpg
William M. Isaac
March 17, 2020 9:45 AM

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

4 Min Read
ncua 2
Jackie Stewart
March 16, 2020 4:56 PM

The National Credit Union Administration also ordered its own employees to work from home until at least the end of March.

2 Min Read
Capitol Hill-flag
March 16, 2020 11:51 AM

As the health crisis upends the United States, credit union trade groups have called for lawmakers and regulators to provide relief for institutions dealing with the pandemic's impact.

2 Min Read