OCC Warns of Compliance Risk as Banks Adapt to COVID-19 Changes
The OCC today cautioned banks to be vigilant about compliance risks that could arise as a result of their response...
Newsbytes
Supreme Court: CFPB Director Must Be Removable ‘At Will’
The Supreme Court today held that the Consumer Financial Protection Bureau may continue to operate, but ruled that the bureau’s...
FinCEN Issues BSA/AML Guidance on Hemp-Related Businesses
The Financial Crimes Enforcement Network today issued guidance for financial institutions on how they can conduct due diligence on hemp-related...
ABA Comments on IRS Proposal on Trust and Estate Deductions
In a comment letter last week, ABA offered feedback on a recent IRS proposal to address the treatment of deductions...
GSEs Extend Forbearance Agreements for Multifamily Property Owners
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will extend forbearance agreements for multifamily property...
Banking Trade Groups Call for Inclusion of AML/CFT Bill in NDAA
In a letter to Senate Armed Services Committee leaders this weekend, ABA joined six other financial trade organizations calling for...
ABA Foundation Announces Judges for 2020 Community Commitment Awards
The ABA Foundation today announced the names of the experts responsible for judging the 2020 Community Commitment Awards.
Agencies Propose New, Revised Questions and Answers on Flood Insurance
The banking agencies today released several new interagency questions and answers on flood insurance compliance, as well as a major...
Consumer Sentiment Improves in June
Consumer Sentiment increased 8.0 points in June to 78.1, according to the University of Michigan Consumer Sentiment Index. June’s figure...
