New York Proposes AML Monitoring Requirements
The New York State Department of Financial Services is proposing a new anti-money laundering regulation that would apply to all...
Compliance and Risk
ABA Issues Staff Analysis on Military Status Determinations
In a members-only staff analysis issued today, ABA provided background information and an FAQ on how banks can determine military...
House Passes ABA-Backed Anti-‘Choke Point’ Bill
By a bipartisan 250-to-169 vote, the House today approved a bill that would end the Justice Department’s Operation Choke Point...
CFPB Uses Bully Pulpit on Overdraft, Checking Account Screening
The Consumer Financial Protection Bureau today announced several actions and statements that it said would facilitate customer access to checking...
ABA Updates SCRA Resources
ABA has updated its staff analyses on the Servicemembers Civil Relief Act compliance and HUD’s Servicemembers Civil Relief Act notice...
Participation in MLRS Proposed for All OCC-Supervised Banks
The OCC is seeking comments on proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment, or MLRS, which evaluates...
FinCEN Proposes Tweaks to CTR Filings
The Financial Crimes Enforcement Network is proposing changes to the Currency Transaction Reports banks file under the Bank Secrecy Act...
ABA Wins Additional Time to Request Access to Military Database
ABA has won additional time for banks to request access to a key compliance resource. Following requests from ABA and...
Fed Releases 2016 Stress Test Scenarios, CCAR Instructions
The Federal Reserve today released the three economic and financial market scenarios that it will use in the next round...
ABA Challenges Cost-Benefit Analysis of Customer Due Diligence Proposal
In a comment letter yesterday, ABA criticized the Financial Crimes Enforcement Network’s recent cost-benefit analysis of its proposed customer due...
