FFIEC Adds Mobile Financial Services Appendix to IT Exam Handbook (4/29/16)
The Federal Financial Institutions Examination Council (FFIEC) added new appendix to the Retail Payment Systems Booklet of the FFIEC Information Technology (IT) Examination Handbook. The new appendix, Mobile Financial Services addresses risks associated with activities and devices for mobile financial services.
UPDATED ABA Enforcement Actions Database (4/29/16)
ABA updated our searchable database to reflect six enforcement actions this month amounting to $40,760,000 in civil money penalties and consumer restitutions. Among the violations, banks and companies were cited for UDAAP, BSA, FHA, and Mortgage Securities. Launched in October 2015, the database has since been downloaded by over 11,000 member banks. ABA members must login to access the database.