CFPB’s Chopra suggests expanding deposit insurance limits
Congress should remove or “dramatically” increase limits on federal deposit insurance for payroll and other non-interest bearing operating accounts, CFPB...
Compliance and Risk
House Republicans urge FDIC to withdraw proposed board governance rule
The FDIC’s proposed rule to require boards at banks with more than $10 billion in assets to establish risk management...
Helping business clients as beneficial ownership reporting deadline looms
Businesses formed before Jan. 1, 2024, have until Jan. 1, 2025 to report their BOI to FinCEN.
FDIC extends comment period on proposed bank-fintech recordkeeping requirements
The FDIC extended the comment period for a proposed rule to establish new recordkeeping requirements for banks that enter into...
FDIC issues regulatory relief guidance for Montana
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...
ABA: Proposed restrictions on calls using AI would harm bank communication with customers
A proposed rule to limit voice calls and text messages made using AI would restrict banks’ ability to communicate important...
Federal court invalidates DOL overtime rule
Rule would have significantly increased the salary level below which an employee is automatically subject to the Fair Labor Standards...
Survey: Most Americans know someone targeted by scam
More than half of Americans know friends and family members who have been victims of scams, according to a new...
Fed: U.S. banking system sound, CRE remains concern
The U.S. banking system remains sound and resilient, with strong asset quality and earnings, but pockets of elevated risk pose...
ABA congressional team: Election results positive for banking, but bipartisan work remains
Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot...
