ABA, BPI urge FDIC to rethink deposit insurance signage updates
An FDIC proposal to modernize its sign and advertising rules is welcome, but a less prescriptive approach would allow banks...
Policy
Nichols: Americans can be assured banking sector is strong
The important thing for Americans to know following the failures of Silicon Valley Bank and Signature Bank is that the...
Treasury report recommends more BSA enforcement for ‘DeFi’ sector
Many existing decentralized finance services covered by the Bank Secrecy Act fail to comply with anti-money laundering and counter-terrorism financing...
CFPB establishes help line for small business reporting rule compliance
The CFPB has launched a dedicated regulatory and technical support program to help financial institutions comply with its final rule...
FHFA updates equitable housing plans for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency has announced updates to Fannie Mae and Freddie Mac’s equitable housing finance plans for 2023.
Lawmakers criticize FinCEN’s beneficial ownership registry reporting proposal
In a letter, a bipartisan group of 12 lawmakers called on the Financial Crimes Enforcement Network to amend beneficial ownership...
CFPB defines illegal abusive acts in proposed guidance
The Consumer Financial Protection Agency issued proposed guidance on the abusiveness standard as defined by the Consumer Financial Protection Act.
ABA, trade groups urge changes to proposed Treasury check verification rule
A proposed rule to require financial institutions to use the Treasury Check Verification System, or a similar authorized system, to...
ABA, banking associations warn against destabilizing FHLB system
Federal Home Loan Banks are a vital liquidity source for their member institutions and have been since the FHLB system...
Senate Democrats seek proposals for regulatory changes following recent bank closures
Senate Banking Committee Democrats today asked Treasury Secretary Janet Yellen for an assessment of possible regulatory and legislative changes needed...
