Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters...
Newsbytes
FDIC Budget Dips as Contingency Reserves Lowered
The FDIC board today unanimously approved a $2.26 billion agency operating budget for 2022, a 0.7% decrease from the 2021...
FinCEN Seeks Public Feedback on AML/CFT Modernization
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued...
OCC Finalizes Rule to Rescind 2020 CRA Rulemaking
The OCC today issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it...
Producer Prices Rose 0.8% in November
The Producer Price Index for final demand increased 0.8% in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported...
Small Business Optimism Increases in November
The NFIB Small Business Optimism Index increased 0.2 point in November, measuring 98.4 The Uncertainty Index decreased 4 points to...
SEC Data Highlights Important Role of Banks in Small Business Capital Formation
Eighty-three percent of small businesses say they sought financial services from either large or small banks, according to new research...
ABA, State Associations Call for ‘Orderly, Transparent’ FDIC
The American Bankers Association and 51 state bankers associations today wrote to members of the FDIC board emphasizing the importance...
ABA Recommends Changes to DOL’s Proposed Revisions to ESG Investing Rule
The American Bankers Association today wrote to the Department of Labor in support of the agency’s revisions to its investment...
World Bank, IMF Propose to Combat Money Laundering Across ‘Remittance Corridors’
As international regulators work to enhance cross-border payments, the World Bank and the International Monetary Fund today proposed a framework...
