FASB votes to end “CECL double count” in bank acquisitions

OFAC imposed sanctions on 10 targets with alleged ties to the Tren de Aragua transnational criminal organization for its role in organizing a series of ATM jackpotting thefts across the U.S., orchestrated in part by one of the...

The FCC voted to revise the “revoke all” rule and “provided number” condition, both of which have made it more difficult for banks to communicate by phone and text message with their customers. ABA has long called for...

Freddie Mac and Fannie Mae announced that they are providing a temporary policy exception for lenders that cannot meet the Uniform Appraisal Dataset, or UAD, 3.6 mandatory implementation deadline of Nov. 2. The announcement was made in coordination...

The Treasury Department published an interim final rule establishing the forms and procedures used by a federal committee that reviews state stablecoin regulatory regimes.

Before the end of the current Congress, the House should pass legislation to align the Fair Credit Reporting Act with other financial consumer protection laws by capping statutory damages in class action lawsuits, eliminating punitive damages and limiting...

The Federal Reserve finalized two rules to give the public more opportunities to comment on the models used in stress tests for large banks and to revise how it calculates certain capital buffer requirements.