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Retiring New York Federal Reserve Bank President William Dudley suggests that top management would tread more carefully if they'd feel part of the pain when their bank stubs a toe—or worse.

Make liability personal, says N.Y. Fed chief

Dudley suggests personal pain would shift behavior
With a nod to pop music, veteran John Byrne’s blog scans the anti-laundering and anti-terrorism world. John pierces silliness and inconsistency, and strongly believes in private-public partnership.

“Time of the Season”*

It’s conference season. Here’s a smarter approach to attending
The change in regulatory leadership is already bringing some new attitudes. But don’t be fooled into thinking the core focus of fair banking will change.

How will fair banking fare?

D.C. stance may shift—but fundamentals, state and private actions, and the law remain
H.R. 5266 would put a renamed CFPB under a five-member commission rather than the current single-director setup.

CFPB name, leadership would change under bill

Bureau would become “Financial Product Safety Commission”
Bankers now have a chance to weigh in on their views regarding regulations adopted by the bureau since its establishment. The bureau wants comment on both potential changes and what commenters think should be left as is.

Open season on CFPB rules

Mulvaney’s reexamination of bureau continues with request for input on most regs
New Comptroller Joseph Otting has already brought some new methodologies to his agency's practices and has more such in mind. He's also bringing a banker's perspective to regulation. He says he knows "the pain points."

The Otting Effect

New Comptroller Joseph Otting—a banker—discusses CRA reform, innovation, the regulator’s job, and being a “Trump regulator
In plain sight: Hiding illicit funds in artwork

In plain sight: Hiding illicit funds in artwork

Easy to transport and conceal, a picture’s worth a lot of dollars
Even for CFPB there is always a process before a regulatory concept becomes a compliance duty. The bureau seeks comments on its rulemaking process in the latest round in CFPB's pending revamp.

CFPB seeks comment on rulemaking process

Acting Director Mulvaney’s fresh look at bureau practices continues
How will Acting CFPB Director Mick Mulvaney treat the bureau's complaints program? He's looking for input from banks and other stakeholders.

Any beefs about CFPB complaint system?

Bureau seeks input as part of overall review
S&P Global Market Intelligence, formerly S&P Capital IQ and SNL, is the premier provider of breaking news, financial data, and expert analysis on business sectors critical to the global economy. This article originally appeared on the SNL subscriber side of S&P Global's website.

Cleaning up money laundering compliance aftermath

Big banks continue to struggle with BSA/AML issues
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