ABA Members Named to 2016 Fed Advisory Council

Agencies published the third in a series of requests for public comment on reducing the regulatory burden for financial institutions, this time focusing on rules of procedure, safety and soundness, and securities.

The OCC issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive or Abusive Acts or Practices” booklet of the Comptroller’s Handbook.

A proposed accounting standards update on hedge accounting should be amended to align with the Financial Accounting Standards Board's risk mitigation goals, the American Bankers Association said in comments to the FASB.

The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.

The new Q&As cover key implementation topics such as the use of the digital sign and placement of the official sign in bank branches, the agency said.

The top lawmakers on the House Financial Services Committee introduced a bill that would direct regulators to study the potential benefits and risks of AI in the financial and housing markets and propose possible regulations.