Labor Department Issues Final Overtime Rule
The Department of Labor is today releasing its final rule doubling the salary level used to determine whether employees are...
Compliance and Risk
Supreme Court Affirms ‘Injury in Fact’ Class Action Standard
In a 6-2 decision, the Supreme Court today affirmed the principle that plaintiffs seeking to bring class actions in federal...
ABA Welcomes OCC Regulatory Adjustment Proposal
ABA on Thursday welcomed a proposal from the OCC that would make several regulatory adjustments as part of its efforts...
FinCEN Spotlights Victories Triggered by BSA Reports
As part of the Financial Crimes Enforcement Network’s ongoing efforts to demonstrate that financial institutions’ Bank Secrecy Act reporting is...
ABA: Proposed FBAR Changes Would Increase Reg Burden
In a joint comment letter yesterday, ABA and the Securities Industry and Financial Markets Association offered feedback on the Financial...
Treasury Report Calls for Stronger Oversight of Marketplace Lenders
While online marketplace lenders are subject to many of the same rules as banks for loan originations, marketplace lenders receive...
OCC Issues New Handbook on Private Student Lending
The OCC today added a new booklet on private student lending to its Comptroller’s Handbook.
FinCEN Issues Final Customer Due Diligence Rule
FinCEN yesterday released the text of its long-awaited final customer due diligence rule, which is expected to be published in...
ABA to Launch ERM Professional Development Program
ABA will partner with the University of Maryland’s Robert H. Smith School of Business to present a new advanced enterprise...
CFPB Proposal Would Undermine Benefits of Arbitration
The Consumer Financial Protection Bureau today released a proposal that would prohibit customers from waiving their ability to participate in...
