Assistant AG: DOJ Considers Involving CCOs in Corporate Resolutions
In all of the Department of Justice’s corporate resolutions regarding AML compliance violations—including guilty pleas, deferred prosecution agreements or non-prosecution...
CFPB Probes for Information on Financial Product Fees in ‘Misguided’ RFI
The CFPB today issued a request for information seeking comments on fees associated with financial products and services offered by...
FDIC, FinCEN Announces Tech Sprint Focused on Digital Identity Proofing
The FDIC and the Financial Crimes Enforcement Network today announced a “tech sprint” to develop solutions for banks and regulators...
ABA Foundation, Kentucky Bankers Team Up to Support Tornado Relief Efforts
In the wake of the devastating tornadoes that struck Kentucky and other mid-South states over the weekend, the ABA Foundation...
CFPB Updates Rulemaking Agenda
The Consumer Financial Protection Bureau on Friday announced updates to its rulemaking agenda for fall 2021. The agenda is current...
Fed’s Waller Pushes Back on Stablecoin Report Recommendations
Challenging a recent report from the President’s Working Group on Financial Markets, Federal Reserve Governor Christopher Waller said at a...
ABA, Lawmakers Criticize Revised IRS Reporting Proposal
The Biden administration today endorsed raising the de minimis threshold for its controversial IRS reporting proposal from $600 to $10,000.
Nichols Urges Industry-Wide Calling Campaign to Oppose Tax Reporting Provision
In remarks at ABA’s Annual Convention in Tampa today, ABA President and CEO Rob Nichols called on bankers to redouble...
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and their associated timelines were submitted...
Staying One Step Ahead of Credit Risk
Four tips for avoiding commercial real estate defaults as clients emerge from the COVID crisis.
