Some banking agencies seek to once again place restrictions on incentive compensation
Banking and housing regulators today reintroduced a 2016 proposed rule to establish new limits on incentive compensation at institutions with...
Newsbytes
BAFT issues global payments white paper, reelects board members
The paper examines the complexities of payment regulation and its implications for financial institutions, fintech firms, regulators and consumers.
ABA, associations: New York lawsuit would upend wire transfer law
ABA, the New York Bankers Association and two other associations urged a federal court to dismiss a lawsuit brought against...
ABA urges banking agencies to ease regulatory burden
ABA in a letter outlined several “big picture” recommendations for banking agencies as they conduct a congressionally mandated review of...
ABA Data Bank: Yen falls to lowest level in three decades
The Japanese Yen briefly weakened to 160 intra-day against the U.S. Dollar on Monday, it's lowest level since April 1990.
ISM: Service sector contracted in April
The ISM services index fell 2% from the prior month to land at 49.4% in April, the Institute for Supply...
175,000 jobs added in March, unemployment rate edged up to 3.9%
The U.S. economy added 175,000 nonfarm jobs in April, the Labor Department said.
ABA seeks more time for public comment on wire transaction expansion
In a letter, ABA asked the Financial Action Task Force to extend the comment deadline for a proposed expansion of...
Agencies release third-party risk management guide for community banks
The Federal Reserve, FDIC and OCC released a new guide to help community banks develop and manage third-party risk management...
Fed proposes expanding operating times of Fedwire, NSS to weekends, holidays
The Federal Reserve is proposing to expand the operations of the Fedwire Funds Service and the National Settlement Service to...
