Top White House Economist: Consumer Choice, Agency Staffing Are Priorities for Trump Team
The Trump administration over the next several months will conduct a thorough review of the U.S. financial regulatory system and...
Compliance and Risk
Agencies Looking at Areas to Relieve Regulatory Burden
Regulatory agencies are seeking targeted ways to relieve regulatory burden, according to senior officials speaking at ABA’s Government Relations Summit...
Incentive Compensation, Sales Practices High on Supervision Agenda
Examiners at the Consumer Financial Protection Bureau and the OCC remain intensely focused on incentive compensation and sales practices, particularly...
OCC Issues Draft Licensing Manual for Fintech Charter Applicants
The OCC today released its long-awaited draft licensing manual for fintech companies seeking the agency’s new limited-purpose national bank charters.
ABA Urges Longer Delay, Full Review on Fiduciary Rule
ABA today called for a longer delay of the Department of Labor’s fiduciary rule effective date and an updated economic...
CFPB Imposes Largest-Ever HMDA Deficiency Fine on Nonbank Lender
The Consumer Financial Protection Bureau today issued an enforcement action for alleged Home Mortgage Disclosure Act reporting deficiencies by Nationstar...
ABA to FCC: Preserve Banks’ Ability to Contact Customers Under TCPA
In a comment letter to the Federal Communications Commission today, ABA urged the FCC to preserve banks’ ability to advise...
CFPB Delays Prepaid Rule Effective Date
The Consumer Financial Protection Bureau yesterday proposed extending the effective date of its final rule on covered prepaid accounts.
Curry Addresses Fintech Charter Questions in Speech
The OCC’s plan to issue limited-purpose national bank charters to fintech companies is not a path to “light-touch” regulation, nor...
