BAFT—the American Bankers Association’s global transaction banking subsidiary—and the business-to-business financial technology firm Trade Finance Global today announced a jointly produced guide on letters of credit during the BAFT International Trade and Payments Conference in Washington, D.C. The guide—”Everything you need to know about letters of credit: A comprehensive guide to Documentary Credits”—seeks to demystify letters of credit by clarifying the basics of the tool and breaking down the intricacies of when to use certain documents.
ABA, state bankers associations offer recommendations for CRA rules revisions
As banking agencies consider amending the regulations that implement the Community Reinvestment Act, they should preserve the broader framework while making changes to better tailor supervision, increase regulatory thresholds and focus on lending, ABA and 45 state bankers...
