CFPB proposes to supervise nonbank payment providers
The CFPB has taken steps to regulate large nonbank firms that provide digital payments services, including P2P payments, mobile wallets,...
Policy
House Ag Committee chair pushing Farm Bill along
Chairman Glenn Thompson said, however, that an extension will still be necessary until the Senate and others finish their work...
Fed’s Barr: CRA rule provides more clarity on project eligibility
The recently unveiled Community Reinvestment Act modernization rule will provide greater clarity to banks about what actions regulators will count...
FSOC adopts framework for determining financial stability risk, nonbank supervision
The Financial Stability Oversight Council adopted a new analytic framework for gauging financial stability risks and approved updated guidance for...
ABA survey: Consumers happy with their bank’s online and mobile experience
Ninety-seven percent of consumers rate their bank’s online and mobile app experience as “excellent,” “very good” or “good,” according to...
International task force updates lists of countries with AML deficiencies
The Financial Action Task Force—an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism and...
The Basel III endgame proposal: Yet another gift to private credit funds
We should think twice about creating a regulatory framework that drives business away from the brightly lit world of highly...
Regulators tighten liability standards for Treasury check returns
The Treasury Department issued a final rule to hold financial institutions liable if they pay canceled Treasury checks without waiting...
Treasury Department to collect data on climate risk from insurers
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial...
EEOC opens collection of EEO-1 employee demographic data
The Equal Employment Opportunity Commission opened the portal for banks and other employers to submit 2022 EEO-1 Component 1 data.
