Four U.S. financial regulators have revived a controversial 2016 proposal on incentive-based compensation at financial institutions, but the Fed and SEC have not yet signed on, so changes will likely be needed. Mark Chorazak Adam Cohen Michael A. Wiseman #financialinstitutions #banking #regulatory #executivecompensation
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates’ Post
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Great article providing much insight about the previous banking crises and the steps could be taken to limit runaway growth, concentration and uninsured depositor risks. The 8% capital to assets and the creation of the FFRB certainly would change risk and management for the better.
Our Chairman William Isaac has released a new white paper on much-needed reforms for U.S. bank regulation and deposit insurance. The paper, “It’s Broken, So Let’s Fix It,” uses Mr. Isaac’s decades of experience in banking and regulation to make recommendations on accounting rules, regulatory oversight, deposit insurance reform, and better and more effective US-centric capital rules. He also recommends the creation of a Federal Financial Regulatory Boardto eliminate unnecessary regulatory complexity, redundancies, and gaps. Learn more and read the paper below. #bankregulation #leadership #banking
Isaac Proposes Overhaul of U.S. Bank Regulation & Deposit Insurance - Secura/Isaac Group
https://securaisaac.com
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Discover what's at stake when banks decide to halt safeguarding financial assets. Dive into our three-minute explainer on debanking to grasp the full implications. #Debanking #Finance #Banking https://lnkd.in/ebkAYxd6
Three-minute explainer on… debanking
raconteur.net
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Transformational Senior SAP FICO Manager of Project & Program Management | Over 10 Years of Experience | Driving Strategic Change at Accenture, IBM, and KPMG | Washington, DC-Based Executive Consultant
US Treasury Issues Warning About DeSantis' New Banking Law LINK: https://lnkd.in/e-C9bBHG #BankingAndFinanceNews #MoneyLaundering Please Repost
US Treasury Issues Warning About DeSantis' New Banking Law
msn.com
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US Treasury Issues Warning About DeSantis' New Banking Law LINK: https://lnkd.in/ej9pYxsN #BankingAndFinanceNews #MoneyLaundering Please Repost
US Treasury Issues Warning About DeSantis' New Banking Law
msn.com
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The Consumer Financial Protection Bureau estimates that the overdraft rule will save consumers $3.5 billion or more in fees every year, but the banking industry is already lobbying to stop it — and we can’t let that happen. Spread the word to encourage everyone impacted by overdraft fees to weigh in before the April 1 comment deadline to support an end to junk #overdraftFees! #ProtectConsumers #DefendCFPB #JunkFees
Cap Overdraft Fees: Support the CFPB’s Junk Fees Proposal - NCLC
nclc.org
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Financial Lines Underwriting Manager | Insurance Professional with 20+ years experience
A good overview outlining a number of regulatory changes planned for the NZ Financial services sector under the new government - targeted reform of CoFI, review of CCCFA (including change of conduct regulator to FMA), and the potential reform of the Companies Act 1993
More change to come in the banking and finance sector. Read about it in our latest FYI.
A financial services shakeup!
simpsongrierson.com
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Check out my op-ed on pages 5 and 38 of the March 2024 edition of American Banker describing how the CFPB's rulemaking on personal financial data rights (Section 1033) presents an opportunity for banks as well as a compliance exercise. We must not fall into the trap that banks are always data providers; they can also obtain consumer consent to function as data recipients. While we await the issuance of the final rule, banks should evaluate possible use cases for operating in this capacity.
March 2024
americanbanker.com
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Consumer Financial Protection Bureau Takes Action to Stop Banks from Harvesting Overdraft Fees Without Consumers' Consent Read more: https://lnkd.in/d47ttbJN #CFPB #OverdraftFees #ConsumerProtection #BankRegulation #FinancialReform #BankingPolicy #FintechRegulation #ConsumerRights #finance #fintech #FinancialIT
CFPB Takes Action to Stop Banks from Harvesting Overdraft Fees Without Consumers' Consent
financialit.net
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Interesting reading .. as numbers of those draft powers of attorney then the banks need to adjust .. via Financial Times #LPA #PowerOfAttorney Banks need to wake up to powers of attorney demands
Banks need to wake up to powers of attorney demands
ft.com
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You will see below a new webinar series from 39 Essex Chambers on Banking and Finance. Please sign up if you are available. #39EssexChambers #BankingandFinance #Fraud #DIFC #FinancialServicesRegulation
NEW: 39 Essex Chambers Banking and Finance Webinar Series 🎥 We are thrilled to announce the launch of a new exclusive three-part webinar series by 39 Essex Chambers, discussing the most prominent issues in the Banking and Finance sector. This series will focus on the evolving case law of fraud claims against banks, developments at the DIFC Courts and will look ahead to Financial Services Regulation in 2025. 📌 Register for Part One now: https://lnkd.in/eMN2CrhS Join members of 39 Essex Chambers as they discuss the latest trends and updates with opportunities to engage in questions and discussion. Upcoming: 📃 9 October, 1pm – 2pm BST ‘Claims Against Banks Arising out of Fraud’ Updates on frauds perpetrated by company directors and shareholders. 💼6 November, 8am – 9am GMT & 12pm – 1pm Gulf Standard Time ‘DIFC Banking and Financial Services Disputes’ Addressing the developing law of DIFC Courts in the banking and financial services sector. 💹4 December, 1pm – 2pm GMT ‘Financial Services Regulation in 2025’ The issues under the following FSR hot topic for 2025: Motor finance commission cases, Cryptoassets and Consumer Duty. Stay up to date with 39 Essex Chambers events by registering on our website and following us on social media. #39Events #BankingandFinance #CommercialLaw
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