Senate Passes Bill to Protect Economic Impact Payments from Garnishment
The Senate today unanimously passed an ABA-advocated bill that would exempt the CARES Act economic impact payments from garnishment orders.
Compliance and Risk
ABA Calls for Inclusion of E-Sign Modernization Bill in Coronavirus Relief Package
As the Senate prepares to unveil its latest coronavirus relief bill, the American Bankers Association and several financial trades urged...
A New Way Forward with Risk Operation Centers
The COVID-19 crisis has highlighted that our current risk models and third-party risk practices are no longer adequate. A proactive...
OCC: Banks May Offer Crypto Asset Custody Services
In an interpretive letter today, the OCC said that national banks and federal savings associations may provide cryptocurrency custody services for their...
Podcast: How Banks Can Manage Risks of Coronavirus Aerosolization
With the World Health Organization's recent recognition of evidence that the novel coronavirus can be aerosolized in particles that remain...
ABA Publishes Guide to Help Banks Implement, Enforce Mask Policies
With the American Bankers Association earlier this week encouraging banks to adopt and publicly announce a policy requiring anyone entering...
Has COVID-19 Killed Open-Concept Bank Spaces?
New bank office and branch configurations will focus as much on revised business practices as on design changes.
OCC Issues Long-Awaited ‘True Lender’ Proposal
In a long-awaited move, the OCC today issued a proposal establishing a “clear test” to determine when a bank making a loan is...
House Votes to Include ABA-Backed AML Provision in Defense Bill
With a bipartisan majority of 336 to 71, the House today voted to add ABA-advocated anti-money laundering provisions to the...
CFPB Announces 2021 Reg Z Dollar Thresholds
The Consumer Financial Protection Bureau announced 2021 changes in dollar thresholds for several Regulation Z provisions governed by the CARD...
