The Office of Foreign Assets Control has released a new video on how to apply for a license to release blocked funds. The video provides viewers with guidance and the recommended steps for submitting specific license applications, according to OFAC. This video is the third in the office’s “OFAC Basics” series, which can be viewed on the Treasury Department’s YouTube channel.
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...









