Compliance

Financial Trade Groups Ask Supreme Court for Stable, Uniform TCPA Rules

The American Bankers Association, along with the Consumer Bankers Association and the Independent Community Bankers of America, filed a friend-of-the court brief on Thursday asking the Supreme Court to provide stability and uniformity to the Federal Communications Commission’s rules interpreting the Telephone Consumer Protection Act. The

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ABA Urges Congress to Resolve Conflict Over Cannabis

With the House Financial Services Committee set to hold a hearing tomorrow on the challenge of banking marijuana-related businesses, ABA today submitted a statement for the record urging Congress to resolve the legal conflict that inhibits banks from serving MRBs operating legally at the state level.

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ABA, Groups Welcome CFPB ‘Sandbox’ Proposal

In a letter to the Consumer Financial Protection Bureau today, ABA and three other trade groups offered their support for the bureau’s proposed changes to its 2016 no-action letter policy and its proposal to establish a “sandbox” where banks and nonbank fintech firms can test new products, services and delivery mechanisms.

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ABA Offers Feedback on Reg CC Proposal

In a letter to the Consumer Financial Protection Bureau and the Federal Reserve today, ABA offered feedback on the Fed’s 2011 proposal regarding funds availability under Reg CC, which was reopened for comment in November.

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