BIS extends suspension of ‘affiliates rule’ for entity list enforcement

ABA and the ABA Securities Association support a Federal Reserve and FDIC proposal to update the regulation governing extensions of credit to bank “insiders,” but they believe changes are needed before the agencies finalize the rule, the associations...

U.S. banking agencies helped develop 22 international financial standards and at least 120 guidelines and informational publications over 15 years, according to a new report by the Government Accountability Office.

Consumer inflation expectations remained unchanged at the short-, medium- and long-term horizons in October, according to the most recent Survey of Consumer Expectations by the Federal Reserve Bank of New York.

FinCEN labeled a convertible virtual currency exchange as a financial institution of primary money laundering concern, effectively severing its ties to the U.S. financial system.

As AI and other technologies evolve, banks need to adopt new technology in a responsible way that protects customers, and they need someone to lead that process, ABA Chair Cathy Owen said during a discussion with Federal Reserve...

Consumer credit increased at a seasonally adjusted annual rate of 4.2% during the third quarter and rose 6.2% in September, according to the Federal Reserve.