The New York League of Independent Bankers (NYLIB) hosted a regulatory panel discussion at Pryor Cashman’s offices on supervisory priorities and risks moderated by Steve Bush, Chairman, President and CEO of Apple Bank.

The supervisory panel featured prominent guest speakers from the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of New York (FRBNY), the New York State Department of Financial Services (NYSDFS), and the Office of the Comptroller of the Currency (OCC).

The topics discussed included the lessons that banks should take away from the March 2023 bank failures; prudent management of risks arising from higher interest rates; commercial real estate market risks and discussion of recent interagency guidance on prudent loan accommodations for creditworthy borrowers; CFPB supervisory priorities (including with respect to junk fees, overdrafts, NSF fees, and artificial intelligence); regulatory expectations for relationships with fintechs; and cybersecurity best practices (including the critical importance of patch management).

Read a full recap of the event using the link below.