ABA urges IRS to improve process for business change of address
ABA recommended that the IRS notify responsible parties electronically whenever a business address change occurs, saying that implementing the requirement...
Compliance and Risk
CFPB proposes setting guardrails for nonbank supervision
The CFPB is proposing to adopt a new standard that it says will bring more uniformity to its supervision of...
ABA: Proposed reporting changes could harm CDFI Fund mission
A proposal to require CDFI Fund recipients to report certain supervisory violations risks blurring the separation between regulatory oversight and...
FinCEN’s fentanyl orders: What banks need to know before Oct. 20
Understanding Treasury’s latest weapon against illicit opioid financing.
CFPB seeks input on Section 1033 data sharing reconsideration
The CFPB is seeking public comment on the costs and challenges of enforcing the Dodd-Frank Act’s data sharing requirements as...
Senators seek public feedback on National Flood Insurance Program reforms
Two senators are seeking public input on the National Flood Insurance Program as Congress considers legislation to reauthorize and possibly...
FinCEN again extends compliance dates for fentanyl orders
For the second time, FinCEN has extended the effective dates for three orders targeting Mexico-based financial institutions with alleged ties...
FDIC proposes revisions to new signage requirements
The FDIC board proposed several changes to its recently revised requirements regarding the use of the agency’s name and logo,...
ABA, associations seek financial institution exemption in possible comprehensive federal data privacy law
ABA joined six associations in requesting that House lawmakers exempt financial institutions from any national multi-sector data privacy law as...
Treasury Department seeks feedback on stablecoins, illicit activities
The Treasury Department issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can...
