ABA today wrote to Rep. Scott Tipton (R-Colo.) supporting a bipartisan bill that would allow banks — with a customer’s consent — to record personal information by swiping a customer’s driver’s license or personal identification card. Information could then be stored digitally by the bank and used to facilitate account openings or the addition of new products or services. The association noted that the bill, which is also co-sponsored by Rep. Terri Sewell (D-Ala.) and Rep. Randy Hultgren (R-Ill.), could help expand access to banking services for underbanked populations.
OSHA releases framework for investigating retaliation for BSA, sanctions whistleblowing
Interim final rule establishes procedures for investigating complaints of employer retaliation for reporting possible violations of the Bank Secrecy Act and sanctions laws. It does not apply to bank employees.