Agencies Issue Statement on Sharing Resources for BSA Compliance Compliance and Risk October 3, 2018 The financial regulatory agencies and the Financial Crimes Enforcement Network today issued a joint statement outlining how banks may enter...
Proposals on Community Bank Capital, Large Bank Supervision Expected by Year-End Community Banking October 2, 2018 Financial regulators will issue by year-end their proposal exempting highly capitalized community banks from the Basel III capital calculations, as...
FDIC Seeks Feedback on Communication, Transparency Newsbytes October 1, 2018 As part of an effort to increase efficiency and transparency, the FDIC today issued a request for information seeking feedback...
ABA Supports Rule Implementing S. 2155 Liquidity Provision Economy October 1, 2018 The American Bankers Association yesterday wrote to the Federal Reserve, FDIC and OCC in support of an interim final rule...
FDIC Report: Banks’ Small Biz Lending Significantly Underestimated Commercial Lending October 1, 2018 Banks lend significantly more to small businesses than is captured by commonly used proxies, according to a major FDIC study...
ABA Urges IRS to Apply Passthrough Deduction to Charitable Remainder Trusts, Common Trust Funds Newsbytes October 1, 2018 In a comment letter today, the American Bankers Association yesterday called on the Internal Revenue Service to specifically address charitable...
CFTC White Paper Calls for Overhaul of Cross-Border Swaps Regulatory Framework Compliance and Risk October 1, 2018 In a white paper published today, Commodity Futures Trading Commission Chairman Christopher Giancarlo called for changes to the CFTC’s regulatory...
ABA Data Bank: Economic Recovery Leaving De Novo Banks Behind Economy September 28, 2018 New bank charters historically mirrored new business startups, but sharply declined after the financial crisis and have not yet recovered.
FinCEN, Agencies Provide CIP Relief for Premium Finance Loans Compliance and Risk September 28, 2018 The Financial Crimes Enforcement Network and the financial regulatory agencies today announced an exemption from the customer identification program rules...
GOP Lawmakers Call for Fed to Drop SIFI Designation for Banks Under $250B in Assets Economy September 28, 2018 A group of 29 Republican lawmakers wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles today calling on the...
