SBA lifts 7(a) lender moratorium, loosens underwriting requirements
The Small Business Administration issued a final rule to lift the moratorium on the number of nondepository lenders in the...
Policy
Chopra: Regulators can issue rules on executive compensation
CFPB Director Rohit Chopra said that existing law allows regulators “to really kick the tires” on executive compensation at failed...
Fed’s Goolsbee urges caution on raising rates
Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential "financial headwinds"—such as tighter...
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...
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.
