ABA, CBA Urge Education Department to Revisit Obama-Era Rule

As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.

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ABA Concerned about Feasibility of Small Biz Data Collection

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

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Treasury Sanctions Iranians Involved in 2011-12 Bank DDoS Attacks

The Treasury Department’s Office of Foreign Assets Control today announced sanctions against 11 entities and individuals for support of previously sanctioned Iranian actors and for malicious cyber-crime, including a series of distributed denial of service attacks against U.S. financial institutions.

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