Fed, FDIC release ‘living wills’ for 15 large banks
The Federal Reserve and FDIC released the public sections of resolution plans for 15 large banks, including five domestic and...
Compliance and Risk
FinCEN identifies $9B in alleged Iranian shadow banking
FinCEN has identified approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024,...
ABA, BPI offer recommendations for revising FDIC signage requirements
A series of proposed changes to the FDIC’s recently revised signage requirements is a positive step forward, but further changes...
ABA urges FCC to modernize calling rules, strengthen fraud protections
ABA is urging the FCC to issue a notice of proposed rulemaking that would adopt several ABA requests to modernize...
ABA Fraudcast: The urgency of scam prevention as a national priority
Why emphasizing government and private sector collaboration is the crucial starting point.
Senators propose raising BSA reporting thresholds
A proposed Senate bill would raise the reporting thresholds for currency transaction reports and suspicious activity reports and require the...
ABA offers list of fixes for Section 1033 rule
ABA shared a long list of recommendations for re-proposing the CFPB’s personal financial data rule, saying the rule finalized in...
Australia sees scam losses drop after banks adopt voluntary standards
Australia has had success in fighting financial fraud by embracing a voluntary system in which banks agree to take steps...
ABA survey: U.S. consumers rank banks above other industries for fraud protection
U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey...
OCC’s Gould outlines agency actions to aid community banking
Comptroller of the Currency Jonathan Gould said his focus as a banking regulator is to correct the regulatory overreach that...
