ABA to DOJ: Bank Merger Guidelines Outdated
The American Bankers Association told the Department of Justice today that the 1995 bank merger competitive review guidelines are outdated...
Newsbytes
CFPB Issues Compliance Bulletin on Use of Prepaid Cards for Government Benefits
The CFPB today released a compliance bulletin reiterating that the Electronic Fund Transfer Act and its implementing regulation, Regulation E,...
Study: Small, Midsize Business Lending Fraud Rises
Small and midsize business lending fraud in the U.S. increased 6.9% in 2021 from a year earlier, according to a...
Producer Prices Rose 1.0% in January
The Producer Price Index for final demand increased 1.0% in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported...
Acting Comptroller Michael Hsu to Speak at ABA Washington Summit
Acting Comptroller of the Currency Michael Hsu has been added to the speaker lineup for ABA’s Washington Summit, a free...
OCC’s Hsu: Agencies to Release CRA NPR in ‘Not-Too-Distant Future’
The OCC, Federal Reserve and FDIC plan to issue a CRA notice of proposed rulemaking in the near future.
Credit Risk in SNC Program Remains High, Agencies Find
The federal banking agencies found that credit risk improved modestly in 2021 but remains high in the Shared National Credit...
ABA Calls for Principles-Based Approach to Large Bank Climate-Related Financial Risk Guidance
The American Bankers Association today called on the OCC to continue taking a “principles-based approach that is flexible and iterative”...
ABA Makes Recommendations for Improving AML Rules
As the Financial Crimes Enforcement Network works to update its anti-money laundering framework, ABA today urged FinCEN to continue working...
SEC to Modernize Share Repurchase Disclosures, Strengthen Insider Trading Protections
The Securities and Exchange Commission has proposed changes to modernize and improve disclosure about repurchases of an issuer’s equity securities...
