Podcast: What Legislative and Regulatory AML/BSA Changes Mean for Banks

Lawmakers in the House and Senate have introduced legislation to require banking agencies to study partnerships between financial technology companies and small- to medium-sized banks and credit unions to see how such arrangements could improve communities.

ABA said it opposes a proposal by Nacha to modify Automated Clearing House return timeframes, pointing to the high costs that would be imposed on financial institutions, particularly smaller banks.

ABA has long championed the SAFE Banking Act, which would prevent regulators from prohibiting or discouraging financial institutions from serving cannabis businesses in states where it is legal.

The FDIC is proposing to reduce the amount of information that large banks must share in their insured depository institution resolution plans, and to raise the minimum asset size for requiring resolution submissions. The agency also proposed a...

ABA expressed strong support for the Federal Communications Commission’s proposal to impose specific “know your customer” requirements on voice service providers that originate calls,

The CFPB unveiled actions to “restore integrity and utility” to its consumer complaint portal, which it said would increase the effectiveness of the complaint system.