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...
Compliance and Risk
BAFT Comments on Proposed Revisions to AML/CFT Guidance
BAFT -- ABA’s global transaction banking subsidiary -- commented last week on the Basel Committee’s proposed revisions to its guidance...
DoD Reports MLA Website Malfunction
Due to a malfunction, the Department of Defense’s Military Lending Act website was unable to process a total of 149...
Fed, OCC Issue Transition Period Guidance on Variation Margin
As the ABA Securities Association and other trade groups have urged, the Federal Reserve and the OCC today issued guidance...
Rep. Tipton Reintroduces ABA, Alliance-Backed Tailored Regulation Bill
Rep. Scott Tipton (R-Colo.) and eight GOP co-sponsors yesterday reintroduced the House version of the TAILOR Act (H.R. 1116), which...
New York Finalizes Cybersecurity Rules
The New York Department of Financial Services today issued final regulations that will require NY chartered banks and affiliates to...
FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts
Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities...
DOJ Releases ADA Website Accessibility Tools
The Department of Justice recently published an “ADA Best Practices Tool Kit,” which includes website accessibility guidance and a checklist...
ABA, Groups Seek Forbearance on Variation Margin Rule
With a March 1 compliance deadline looming for when swap dealers and major swap participants must exchange variation margin for...
Sen. Rounds Reintroduces ABA, Alliance-Backed Tailored Regulation Bill
Sen. Mike Rounds (R-S.D.) today reintroduced the Senate version of the TAILOR Act (S. 366), which would require financial regulators...
