ABA-backed SAFE Banking Act re-introduced in Congress
ABA has long championed the SAFE Banking Act, which would prevent regulators from prohibiting or discouraging financial institutions from serving...
Compliance and Risk
FDIC seeks to ease large bank resolution planning requirements
The FDIC is proposing to reduce the amount of information that large banks must share in their insured depository institution...
ABA supports FCC ‘Know Your Customer’ proposal for originating providers
ABA expressed strong support for the Federal Communications Commission’s proposal to impose specific “know your customer” requirements on voice service...
CFPB announces changes to consumer complaint portal
The CFPB unveiled actions to “restore integrity and utility” to its consumer complaint portal, which it said would increase the...
Rate caps lead to less credit
Recent Fed research finds no surprise in analysis of state-based interest rate caps.
Fed: Stress test results show large banks can withstand economic shock
Large banks are well positioned to weather a severe recession and would be able to continue to lend to households...
Survey: Most banks experienced recent rise in cyberattacks
A majority of U.S. bank executives said they have seen an increase in the number of cyberattacks on their institutions...
‘Five Eyes’ nations warn AI cybersecurity threats only months out
Organizations have only months to prepare for the cybersecurity challenges posed by new artificial intelligence models, making cyber resilience “integral...
White House directs agencies, contractors to protect systems from quantum computing
Government agencies and contractors would be required to take steps to protect their systems from threats posed by quantum computers...
FHA ends field review requirement for certain mortgages
The Federal Housing Administration will no longer require lenders to obtain appraisal field reviews for a selection of FHA-approved mortgages,...
