ABA Calls on OCC to Halt Fiduciary Capacity, Non-Fiduciary Custody Rulemaking

Financial institutions flagged approximately $17.5 billion in suspicious activity related to potential health care fraud during a one-year period starting in 2025, according to a financial trend analysis released by FinCEN.

If deposits begin moving from community banks into stablecoin products because those products offer yield or rewards, the lending capacity supported by those deposits goes away, Kennebec Savings Bank President and CEO Andrew Silsby wrote in a guest...

The Federal Communications Commission released a draft order that would rewrite the agency’s “revoke all” rule – an action that ABA has long advocated. The FCC will vote on the draft order at its Sept. 30 open meeting.

Fannie Mae and Freddie Mac will now allow all lenders the option to use VantageScore 4.0 to assess the creditworthiness of single-family mortgages.

The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and prudential requirements for stablecoin issuers under its jurisdiction, although likely not until after the OCC issues its own...

The number of banks and credit unions reporting that they provided services to cannabis-related businesses has remained relatively unchanged since 2019, with several representatives from financial institutions citing regulatory risk as the reason they didn't provide services to...