During the summer of 2017, bankers have hosted 57 events that bring their senators and representatives into the bank to meet employees and learn about the regulatory challenges banks are facing. Learn more at aba.com/lawmakersatwork. Click on the pictures below to see scenes from the summer.
The CFPB proposed a “narrowly tailored” rule to amend disclosure requirements for certain international money transfers, or remittances.
ABA joined other associations in urging the FCC to require voice service providers to quickly implement a standard notification to advise banks and other businesses when their outbound calls have been blocked.
The awards provide financial incentives to FDIC-insured depository institutions that “exhibit a quantifiable increase in investments directed toward CDFIs or that increase their own lending, investing or service operations in severely distressed areas”
As chief corporate responsibility officer for Webster Bank, Marissa Weidner works across the bank's footprints and business lines to help advance the bank's goals of financial empowerment.
The CFPB released an FAQ about applying Truth in Lending regulation to buy now, pay later products, such as how to apply credit card periodic statement requirements to pay-in-four BNPL products that are accessed by digital user accounts.
The FDIC said that credit unions may need to provide additional information when applying to acquire a bank as they are not subject to the Community Reinvestment Act. ABA pushed for more scrutiny of bank acquisitions by credit...
