The American Bankers Association and 52 state associations wrote to the heads of the financial regulatory agencies yesterday urging them to allow the early adoption of relief provisions included in the recently finalized capital simplification rule.
The Consumer Financial Protection Bureau yesterday released an advisory to financial institutions for reporting suspected elder financial exploitation.
Following an executive order by President Trump, the Treasury Department and IRS today issued guidance expanding the preventative care benefits that may be provided by high-deductible health plans linked to Health Savings Accounts for a range of chronic conditions.
The federal banking agencies announced today that they would defer for an additional two years action related to restrictions for certain foreign funds that may have been unintentionally covered under the Volcker Rule.
In a significant move, the Financial Accounting Standards Board today voted to propose a delay for the implementation of the current expected credit loss standard until January 2023 for certain companies.
Despite economic headwinds and uncertainties around the Federal Reserve’s next move on interest rates, the banking sector remains strong and healthy, American Bankers Association President and CEO Rob Nichols said today in an interview with Bloomberg TV.
The FDIC today said it would issue a notice of proposed rulemaking to amend its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC is appointed receiver or conservator for an insured depository institution that has sponsored one or more securitization transactions.
The FDIC today approved two long-awaited final rules to resolve workability issues with its deposit insurance regulations.
The ABA nominating committee—chaired by Kenneth L. Burgess Jr., chairman, FirstCapital Bank of Texas, Midland, Texas—has selected a slate of candidates for association officer positions.
The ABA Foundation today announced the names of the experts responsible for judging the 2019 Community Commitment Awards.