Risk Factors Update Summary
- Basel III rules apply to all state and national banks, with proposed higher capital requirements for U.S. banks over $100 billion.
- The CFPB issued a final rule requiring lenders to collect small business credit application data.
- The FDIC issued guidelines on corporate governance and risk management for institutions with over $10 billion in assets.
- The CFPB proposed a rule on personal financial data rights to promote open banking.
- The SEC established a task force to address potential ESG-related misconduct, increasing enforcement actions.
- The FDIC issued regulations modernizing the CRA, impacting compliance obligations.
- The company faces risks related to ESG products, including climate-related probes and greenwashing claims.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1823608&owner=exclude
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