Podcast: Perspectives from two bank risk and compliance leaders

California regulators on Friday closed Nano Banc of Irvine and appointed the FDIC as receiver. Sunwest Bank of Sandy, Utah, has agreed to assume substantially all deposits and purchase certain assets of the bank.

The Democratic members of the House Financial Services Committee warned banking regulators against “weakening” the Community Reinvestment Act and requested more time for public comment on proposed changes to rules implementing the law.

The Federal Trade Commission said it will explore possible rulemaking to prevent online platforms from using ad-optimization practices that exacerbate impersonation scams. ABA welcomed the announcement.

The Federal Reserve proposed new rules to require payment stablecoin issuers under its supervision to back their stablecoins with certain reserve assets, and to establish an application process for state member banks seeking to create subsidiaries that issue...

ABA seven associations urged the FCC to vote in favor of a draft order revising two Telephone Consumer Protection Act rules – the “revoke all” rule and the “provided number” condition – that have made it more difficult...

The Senate passed by unanimous consent a House bill to require dating websites to notify users about possible romance scams.