OFAC will issue an interim final rule to extend recordkeeping requirements for certain transactions from five to 10 years to make them consistent with the recently expanded statute of limitations for certain sanctions violations.
The House Small Business Committee advanced legislation to strengthen federal standards that require regulatory agencies to consider the economic effects of regulation on businesses.
The OCC issued a proclamation allowing national banks, federal savings associations and federal branches and agencies of foreign banks to close offices in areas of Alabama, Louisiana, Mississippi and Texas affected by Tropical Storm Francine.
The Federal Reserve’s proposal to revise Regulation II to lower debit card interchange fees could push many Americans into being unbanked, Rep. Andy Barr (R-Ky.) said during an interview on IntraFi’s Banking with Interest podcast.
The OCC, Federal Reserve and FDIC will hold an Ask the Regulators webinar on Tuesday, Sept. 24, at 2 p.m. EDT on arrangements between banks and third-party financial technology providers.
The National Federation of Independent Business’s Small Business Optimism Index fell by 2.5 points in August to 91.2, erasing all of the gains from July.
