FinCEN issues alert on oil smuggling schemes along southwest border
In addition, OFAC sanctioned three Mexican nationals and two Mexico-based entities involved in a drug trafficking and fuel theft network...
Policy
House Financial Services Committee votes to shrink CFPB funding
The House Financial Services Committee voted to reduce the amount of annual funding the CFPB receives by more than half.
CFPB agrees to end UDAAP lawsuit
ABA, the Texas Bankers Association and other plaintiffs announced they have reached an agreement with the CFPB to end a...
ABA raises concerns about proposed standardization of financial performance indicators
ABA said it does not support a proposal by the Financial Accounting Standards Board to establish and track a standardized...
FASB votes to end “CECL double count” in bank acquisitions
The Financial Accounting Standards Board voted to eliminate the CECL "double count" that is often recorded in bank mergers and...
The best way to index supervisory thresholds
Indexing asset thresholds to account for inflation is a no-brainer — but how to index matters. Indexing to aggregate year-on-year...
House lawmakers debate regulatory burden on banks
House Republicans accused regulators of failing to appropriately tailor regulation to bank size and risk while Democrats said the Trump...
ABA Viewpoint: The cost of standing still
The regulators’ plodding pace and outdated methods for reviewing bank mergers hurts bank customers and local communities.
ABA, associations endorse bill to ban abuse of mortgage trigger leads
ABA and 16 groups are urging lawmakers to pass legislation banning the practice of credit reporting firms selling consumer contact...
Updated: CFPB attempts layoffs of most staff, judge temporarily blocks the move
The Trump administration sent layoff notices to more than 1,500 staff at the CFPB, leaving only 200 personnel at the...
