The ThreatAdvice Blog

Of significance is this issue discussed in detail in the FDIC Consumer Compliance Highlights for March 2022.

The Federal Financial Institutions Examination Council (FFIEC) on December 1, 2021 released updates to three sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. These...

The CFPB examines institutions for compliance with Regulation E, which implements the Electronic Fund Transfer Act (EFTA). The CFPB also examines for compliance with other relevant statutes and...

In CFPB Supervisory Highlights Issue 25 for Fall 2021, the Bureau assessed the credit card account management operations of supervised institutions for compliance with applicable Federal consumer...

The Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the...

The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Board), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies)...

The Federal Financial Institutions Examination Council (FFIEC) issued new guidance titled Authentication and Access to Financial Institution Services and Systems in FIL-55-2021 dated August 11, 2021....

One of the most common questions involves Board Training.  To ensure the Board can effectively carry out its oversight responsibility, Board training should include both a broad range of current...

Regulatory suggested initiatives in the compliance area for a Compliance Management System (CMS) follow a multi-tier monitoring approach:

As part of their examination regulators evaluate whether the bank has designed, implemented, and maintains an adequate BSA/AML independent testing program for compliance with BSA regulatory...

Per the March 2021 issue of FDIC Consumer Compliance Supervisory Highlights, one of the more significant consumer compliance issues identified by the FDIC during the consumer compliance examinations...

Cyber threats in the banking industry are rising in both frequency and severity. Cyberattacks in the financial sector increased by 238% just within the first few months of 2020, causing cybersecurity...