ABA Calls for Full Common Equity Tier 1 Capital Adjustment for CECL Economy July 20, 2018 As banks prepare to implement the Current Expected Credit Loss standard, ABA on Friday called on financial regulators to provide...
Weekly Infobyte: Criminal Activity Almost Twice As Likely to Be Root Cause of Data Breach Cybersecurity July 20, 2018
Kraninger to Focus on Transparency, Accountability as Head of CFPB if Confirmed Compliance and Risk July 19, 2018 In testimony before the Senate Banking Committee today, Consumer Financial Protection Bureau director nominee Kathy Kraninger outlined her key priorities...
Reed to Take ‘Responsible Steps’ at Ex-Im Bank to Ensure Level Playing Field Economy July 19, 2018 Testifying before the Senate Banking Committee today, Kimberly Reed -- the Trump administration’s nominee to serve as president of the...
Fed Gov. Quarles: Efforts to Implement SOFR Ahead of Schedule Economy July 19, 2018 In just three months since the secured overnight financing rate was published, the number of transactions underlying SOFR on a...
House Appropriations Bill Includes ABA-Backed Financial Services Provisions Newsbytes July 19, 2018 The House by a vote of 217 to 199 today passed H.R. 6147, a minibus appropriations bill which included a...
NYDFS Final Rule Establishes ‘Best Interest’ Standard for Insurance Sellers Compliance and Risk July 18, 2018 The New York Department of Financial Services today issued a final rule adopting a “best interest” standard for insurers licensed...
Quarles Outlines Fed’s Next Steps for Recalibrating Large Bank Supervisory Framework Economy July 18, 2018 In remarks at ABA’s Summer Leadership Meeting in Salt Lake City today, Federal Reserve Vice Chairman for Supervision Randal Quarles...
ABA Nominates Officers for 2018-2019 Newsbytes July 18, 2018 The American Bankers Association nominating committee -- chaired by Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents...
IRS Clarifies Deductibility of Trustee Fees from Trust Income Newsbytes July 18, 2018 In a recent notice, the Internal Revenue Service released guidance clarifying that trustee and executor fees may continue to be...
