OCC Issues FAQs on Proposed Rule to Rescind 2020 CRA Regulations

An FDIC interim final rule updating its reciprocal deposit regulations provides helpful clarifications that simplify compliance for banks, ABA said in a letter to the agency.

FinCEN issued an alert and proposed new rulemaking to designate transactions to the Russia-linked A7 Network as transactions of primary money laundering concern, with Iranian actors allegedly using the network to evade sanctions.

The Senate passed by voice vote a bill to ensure that robberies of off-site ATMs carry the same legal consequences as bank robberies.

The rate for a 30-year fixed-rate mortgage was 7.28% this week. The rate for a 15-year fixed-rate mortgage was 6.6%.

Q2 trading revenue was $5.3 billion, or 32.5%, more than in the previous quarter and $5.1 billion, or 30.6%, more than a year earlier.

With artificial intelligence supercharging scams, ABA is relaunching its largest consumer-facing campaigns to educate the public on how to protect themselves and the role banks play in fighting fraud, ABA President and CEO Rob Nichols announced during an...