Media Room

Key Takeaways from the FDIC’s Proposed Addition to Part 364 on Corporate Governance and Risk Management

In October 2023, the FDIC announced a proposed rulemaking in the Federal Register, inviting comments on new guidelines for governance and risk management at FDIC-supervised insured depository institutions with assets exceeding $10 billion.

The New Community Reinvestment Act: Understanding the Final Modernization Rule and Its Impact

In October 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (collectively known as the “Agencies”) issued a final rule (the “Final Rule”) amending their regulations, implementing the Community Reinvestment Act (CRA).

Navigating Geopolitical Uncertainty: Risk Management Strategies for U.S. Regional Banks

In the contemporary global landscape, geopolitical uncertainties such as wars, trade disputes, and political tensions are becoming increasingly pronounced.

The Rising Tide of Cyber Threats Facing U.S. Regional Banks

Regional banks play a critical role in the U.S. financial system, providing essential services to local communities.

Reputation Risk: Achieving Heightened Standards

The supervisory definition of reputation risk seemed straightforward enough when it was rolled out nearly thirty years ago. Negative publicity can trigger material safety and soundness risks. But by the time heightened standards were defined a decade later, debate lingered about whether reputation risk belonged in bank risk frameworks at all.

Cryptocurrency - What Came First, Blockchain or Bitcoin?

Blockchain technology was first outlined in a 1991 research paper titled, "How to Time-Stap a Digital Document" by Stuart Haber and W.Scot Stornetta.

Synthetic Identity Fraud: Artificial Credit that Poses Real Concerns for Financial Companies

The term identity fraud (also known as identity theft) was first used in the mid-1960s.

CFPB Expands It's Authority to Examine for Discrimination

On March 16, 2022, the Consumer Financial Protection Bureau ("CFPB" or the "Bureau") announced it would combat perceived discrimination in the consumer financial marketplace by expanding its authority to target unfair, deceptive, or abusive acts or practices ("UDAAPs").

Laying the Foundation for Success in the Digital Age - Digital Operating Model

In the past two years, catalyzed by the growing demand for more customized and efficient digital banking, 1 in 5 adults have switched their primary bank.

Four steps to take now to prepare for CFPB Small Business Fair Lending Reviews

CFPB is currently scheduling Small Business Fair Lending Reviews at financial institutions of all sizes, with a strong focus on pandemic lending practices. We explore what to expect and how to prepare.

How community banks can prepare for CECL changes

The FASB's new credit loss model is one of the most significant accounting changes in recent history. The time to act is now–here's how you can prepare and comply.

What small business need to know about UDAP in 2021

There’s a developing trend with financial regulators to use FTC Act Section 5 authority to apply consumer protections to small business borrowers. We explore the impacts for community and midsize banks.

Prepare now for Section 1071 data collection requirements

Additional reporting requirements for small business lenders are expected to be a priority for the incoming Biden Administration. A Notice of Proposed Rulemaking is expected to be issued by September 30, 2021.

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