Community banks will want to take notice that regulators are stepping up enforcement of BSA/AML violations, as evidenced by $2.9B in imposed fines last year.
The issue of what constitutes age discrimination has been and continues to be adjudicated in the courts and the issue is only likely to percolate more given the overall aging of the entire workforce.
The Risk Management Association recently published the results of its latest regulatory survey.
It's no secret that the process of detecting money laundering is ever more complex.
Although CECL has been around for some time, there are still questions around method selection.
In our new BID feature, "Inquiry and Insight", we provide questions from readers and bankers and do our best to give you relevant, insightful answers.
There is never a dull moment with #CECL.
Many community banks are grateful that they received regulatory relief in 2018, but sadly others still feel substantially burdened.
California recently introduced an anti-displacement code of conduct for financial institutions.
In February, the federal agencies jointly issued a final rule requiring federally regulated banks and other institutions to accept certain private flood insurance policies.