OFAC launches online portal for sanctions reconsideration requests
OFAC launched a new online “reconsideration portal” for the submission of requests to be removed from an OFAC sanctions list. It also released FAQs on delisting.
ABA Data Bank: U.S. gas prices drop to a five-month low
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Compliance question: Is July 3 a business day for right of rescission purposes?
For purposes of the right of rescission, Regulation Z (Truth in Lending Act) defines a “business day” as all calendar days except Sundays and federal legal public holidays.
CDFI Fund announces 2026 funding opportunities
The CDFI Fund is seeking applicants for the 2026 funding round of the Bank Enterprise Award Program and the Small Dollar Loan Program. The fund also published a notice of availability for its Bond Guarantee Program.
ABA proposes revisions to Fed templates to help mutual banks raise capital
ABA expressed support for Federal Reserve efforts to develop a more uniform regulatory treatment for mutual capital certificates, and offered revisions to proposals to further improve regulation of mutual capital.
Supreme Court rejects effort to fire Fed’s Cook, allows firings at other independent agencies
The U.S. Supreme Court ruled that Fed Governor Lisa Cook can remain on the Fed board while a lawsuit challenging her removal by President Trump plays out in the courts. However, the court also ruled that Trump could...
Lawmakers seek study of bank-fintech partnerships
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.
