Podcast: What Banks Need to Know about Russia Sanctions Compliance

The NCUA is issuing an interim final rule to clarify the powers of federal credit unions to charge certain fees, much like the OCC recently did for national banks.

Creditors may be legally obligated to check a consumer's immigration status for mortgage loans and credit cards, especially where removal from the U.S. may disrupt the consumer's income, the CFPB said.

FinCEN issued an advisory warning financial institutions “to be vigilant against risks presented by the unlawful employment of illegal aliens.” The advisory was jointly issued with the FDIC, OOC, NCUA and IRS.

Two lawmakers have released a draft bipartisan bill to establish a national regulatory framework for artificial intelligence, including increased penalties for AI-enabled fraud and temporary preemption of state laws regulating AI models.

A group of the nation’s largest banks announced today that the Clearing House is launching an initiative to enable the clearing and settlement of tokenized deposits between banks.

The top banking regulators appeared before the House Financial Services Committee, where they said that a decision on whether to press forward on Community Reinvestment Act reform may come soon and that merger application reviews probably should consider...