FDIC to update regulatory thresholds, delays signage compliance date
The FDIC board voted to start indexing certain regulatory thresholds and to delay the compliance date for its revised requirements...
Compliance and Risk
OCC eases community bank BSA rules, seeks input on core providers
The OCC announced it is ending Money Laundering Risk System data collection, easing Bank Secrecy Act examination procedures for community...
American Bankers Mutual Insurance declares $4.2M distribution for 2025
ABA announced that American Bankers Mutual Insurance, the reinsurer for the ABA-endorsed insurance program, has declared a $4.2 million distribution...
CFPB releases ‘humility pledge’ for supervision process
The CFPB has published a new “humility pledge” to guard against what its current leadership said was “weaponization” of its...
Fed extends comment deadline for large bank stress test changes
The Federal Reserve has extended by a month the comment period for a proposed rule to make stress tests for...
ABA, state associations support bills to raise BSA reporting thresholds
ABA and 52 state bankers associations expressed support for two bills that would raise Bank Secrecy Act reporting thresholds for...
FATF updates list of jurisdictions with anti-money laundering deficiencies
FATF’s list of high-risk jurisdictions subject to a call for action remains the same, with Iran, North Korea and Burma...
An end to CECL double-counting gives a tailwind to bank M&A
FASB’s long-anticipated fix to the current expected credit loss standard
ABA, consumer group urge action by voice service providers to combat fraud
ABA joined other industry trade groups and a consumer rights organization in urging the FCC to require voice service providers...
Fed releases new principles for bank supervision
The Federal Reserve released a set of new supervisory operating principles that instructs its bank supervisors to focus on material...
