CFPB rescinds nonbank registry rule
The CFPB has nixed a registry to track information on consumer protection violations by nonbanks, citing concerns about compliance costs.
Compliance and Risk
Court temporarily halts Section 1033 rule enforcement
A federal court issued an order preventing the CFPB from enforcing its rule on financial data sharing while the bureau...
How the Trump administration is reshaping BSA, sanctions compliance
A regulatory refocus coincides with a focus on drug trafficking, sanctions.
CFPB: Federal law preempts state law on credit reporting
The CFPB issued an interpretive rule stating that the Fair Credit Reporting Act preempts state laws on credit reporting, with...
OCC to rescind updated recovery standards for large banks
The OCC is proposing to rescind its updated recovery planning guidelines for larger banks, saying the move is part of...
Staying ahead of criminals to protect ATMs
Banks can subscribe to security-related alerts, updates or portals offered by ATM manufacturers themselves to better understand evolving threats.
AMBA: 634,000 aided by Veteran Benefits Banking Program
Since its inception in 2019, the Veterans Benefits Banking Program has helped approximately 634,000 recipients switch from receiving their benefits...
Fed advances proposal to add transparency to large bank stress tests
The Federal Reserve voted to advance proposed rulemaking to make stress tests for large banks more transparent and give the...
ABA submits recommendations for easing regulatory burden on banks
As part of a congressionally mandated review of regulation by federal agencies, ABA submitted a list of recommendations to reduce...
Fed, FDIC release ‘living wills’ for 15 large banks
The Federal Reserve and FDIC released the public sections of resolution plans for 15 large banks, including five domestic and...
