In one of her first moves since taking charge of the CFPB, Director Kathy Kraninger has spiked a controversial initiative to rename and rebrand the agency.
Joe Mont
Posted inUncategorized
SEC rule targets hedging of equity compensation
New SEC rules will require companies to file an annual meeting proxy statement that discloses whether employees and directors are allowed to hedge any decrease in the market value of equity securities granted as compensation.
Posted inFinancial Services
Bank culture improved since recession, but challenges remain
A new report says despite ongoing efforts to improve conduct and culture deficiencies, the nation’s banks still face serious brand and reputation challenges.
Posted inRisk Management
As tensions grow, so do China-related compliance risks
Tariffs, trade secrets, and arrests fuel high-risk scenarios for companies that do business with organizations in China.
Posted inUncategorized
May survives ‘no confidence’ vote over Brexit handling
British Prime Minister Theresa May withstood a parliamentary “no confidence” vote, keeping her efforts for a U.K. exit from the European Union on track, if not any less contentious and fragile.
Posted inEurope
Amid likely defeat, May delays Brexit vote by MPs
Amid faltering odds that became apparent during three days of debate, British Prime Minister Theresa May has, at least temporarily, withdrawn her much-maligned Brexit plan from Parliamentary voting consideration.
Posted inRegulatory Enforcement
Will Kraninger bring change to the CFPB?
With the Senate confirmation of new director Kathy Kraninger on Dec. 6, critics and supporters alike are pondering the future of the Consumer Financial Protection Bureau.
Posted inTechnology
Regulators give nod to AI, emerging tech for AML programs
Federal bank regulators are encouraging banks to use artificial intelligence and other emerging technologies to bolster their AML compliance programs. In doing so, new guidance addresses an evolving liability and enforcement posture.
Posted inUncategorized
Report assesses key risks, compliance challenges for banks
The OCC has released its “Semiannual Risk Perspective,” a look at the operational, compliance, and interest rate risks likely to present themselves as top banking concerns. The report also offers risk mitigation strategies.
Posted inUncategorized
OCC discounts fees it charges banks for supervision
The OCC will reduce assessments on the banks it oversees for 2019. The change—which takes effect with the March 31, 2019, assessment—will reduce its General Assessment Fee Schedule by 10 percent.