For example, the interagency Money Laundering Threat Assessment (4.1MB PDF) is one step we have taken--with fifteen other U.S. government bureaus, offices and agencies, including law enforcement--to identify significant concerns and communicate them to banking organizations. 1  Consumer protection The Federal Reserve also cares greatly about consumer protection, as should bankers when they are assembling a broad risk-management strategy.
Bankers need to be especially alert to developing easily understood disclosures as they introduce more innovative and complex products that can be confusing to consumers. As you may know, the U.S. banking agencies recently issued proposed guidance on nontraditional mortgages.