On Nov. 28, the Federal Reserve’s Board of Governors released its first-ever Financial Stability Report. Among the risks: increasing levels of corporate leverage and international instability.
Joe Mont
Posted inUncategorized
Senate Dems serve up scathing rebuke of Mulvaney-led CFPB
A new report, released by Democrats on the Senate Banking Committee, details how they think Acting Director Mick Mulvaney “has undermined the Consumer Financial Protection Bureau’s mission to enforce consumer protections.”
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Survey: CCO liability fears persist
Although corporate compliance officers are receiving greater support for their programs, concerns about personal liability increased over the past year, according to a new survey conducted by DLA Piper.
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U.S. considers export controls for AI, other emerging tech
The Commerce Department is proposing what may end up being the government’s first regulatory regime for the use of artificial intelligence technology. Other cutting-edge technologies are also under consideration for enhanced export controls.
Posted inData Privacy
A view from beyond the tech giants
Organizations in sectors outside of technology are voicing their opinions on what a data privacy regulation should entail.
Posted inData Privacy
Tech companies push for national privacy framework
Commonalities among tech companies, when it comes to U.S. data privacy legislation, include a single-standard approach, elevating the FTC, and mandating a risk-based methodology.
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Quarles to head Financial Stability Board
Randal Quarles, a Federal Reserve governor and its vice chairman for supervision, has been appointed as the new chairman of the international Financial Stability Board.
Posted inData Privacy
The coming wave of data privacy compliance challenges
International and domestic legislators and regulators threaten an end of the self-regulation of consumer data.
Posted inAML
AML programs continue to vex banks in cost, complexity
Forget all that talk of deregulation. Compliance officers at financial institutions are still knee-deep in risk and spending nearly $26 billion a year on anti-money laundering programs and other demands of the Bank Secrecy Act.
Posted inUncategorized
TRACED Act cracks down on illegal robocalls
Newly proposed legislation is making the rounds of the Senate in an effort to strike against unwanted telephone solicitations.