Regulators Issue Guidance on CIP for Prepaid Cards
The federal financial regulators, along with the Financial Crimes Enforcement Network, today issued guidance to depository institutions on how to...
Compliance and Risk
Curry: Regulators Updating CRA Q&As as Part of Fintech Response
The federal banking agencies are preparing updates to the Community Reinvestment Act questions and answers to provide guidance on how...
ABA Asks Basel Committee to Withdraw Step-In Risk Proposal
In a comment letter today, ABA called on the Basel Committee on Banking Supervision to withdraw a proposal to set...
Cordray: CFPB Will Provide Further TRID Guidance
In congressional testimony yesterday, Consumer Financial Protection Bureau Director Richard Cordray said that the bureau would provide further question-and-answer guidance...
OCC Updates Guidance on Oil, Gas Lending
The OCC today updated its Comptroller's Handbook with a revised booklet on oil and gas exploration and production lending.
Shelby Makes Case for Reg Relief
Economic growth requires a robust, competitive banking system, and the Dodd-Frank Act and current regulatory environment inhibit that, Senate Banking...
House Members Ask CFPB for Community Financial Institution Exemptions
A bipartisan group of 329 House members wrote to the Consumer Financial Protection Bureau yesterday, urging the agency to exempt...
FDIC Watchdog Finds Major Flaws in Refund Loan Supervision
In supervising banks that made tax refund anticipation loans, the FDIC made “aggressive and unprecedented” use of its supervisory powers...
Hensarling Previews Regulatory Reform Plan
Speaking today at ABA’s Government Relations Summit, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) offered a preview of a...
Agencies Working with FinCEN on Marijuana Banking Guidance
The federal banking agencies are having discussions with the Financial Crimes Enforcement Network about guidance on how financial institutions can...
