Issues : Regulation

FinXTech
article | July 10th, 2020

How Innovative Banks Manage Cannabis-Related Businesses

Once an institution decides to bank cannabis-related businesses, the hard work begins — building a compliance program for a nascent, multi-billion dollar industry.

By: Amber Buker, program director for FinXTech Connect
BD Article
article | June 12th, 2020

Adapting Bank Supervision to the Covid-19 Reality

The Office of the Comptroller of the Currency is trying to assess rising credit risk at banks as it adjusts to a socially distant and slowly reopening economy.

By: Jack Milligan, editor-at-large for Bank Director
article | June 9th, 2020

Seven Costs of Saying “No” to Cannabis Banking

Banks can no longer afford to “just say no” to serving cannabis-related businesses without taking a hard look at the potential consequences of that decision.

By: Mike Kennedy
BD Article
article | June 1st, 2020

Former CFPB Head on a Post-Pandemic Banking Industry

Banks face a reputational risk — and opportunity — as they help customers navigate the uncertain financial landscape caused by the coronavirus pandemic, says former CFPB Director Richard Cordray.

By: Kiah Lau Haslett, managing editor for Bank Director
article | April 17th, 2020

The CARES Act: What Banks Need to Know

Directors and executives need to come up to speed on Congressional relief tied to the coronavirus outbreak in order to make informed decisions quickly.

By: Matthew Dyckman, Samantha Kirby, William Stern
view_point | April 15th, 2020

Industry Moves Closer to Cannabis Banking

The Secure and Fair Enforcement (SAFE) Banking Act passed in September 2019 could prohibit federal banking regulators from penalizing banks for providing financial services to cannabis-related businesses.

By: Dave Niles, Payal Shah
article | March 23rd, 2020

Turning Compliance From an Exercise Into a Partnership

A bank’s compliance technology investments impact far more than just compliance.

By: Kevin Polinsky
BD Article
article | March 16th, 2020

What Regulators Are Doing About Coronavirus

Here are the steps bank regulators are taking to encourage banks to work with customers impacted by the coronavirus.

By: Kiah Lau Haslett, managing editor for Bank Director
article | March 10th, 2020

Fed’s New Control Rule Brings Transparency, Consistency

The Federal Reserve Board has provided much-needed guidance when it comes to the question of who controls a bank.

By: Paul Reynolds
BD Article
article | March 4th, 2020

Bracing for Changes in the Bank Control Rules

A clarification of bank control rules could bring new capital into the industry.

By: Kiah Lau Haslett, managing editor for Bank Director