Ahead of the House Financial Services Committee markup today, the American Bankers Association joined eight other financial trade organizations in support of Rep. Carolyn Maloney’s (D-N.Y.) bill (H.R. 2513) to counter the use of shell corporations to move illicit funds.
A bipartisan group of House lawmakers—led by Reps. Ted Budd (R-N.C.) and Vicente Gonzalez (D-Texas)—have introduced H.R. 3182, a bill calling for a halt to the implementation of the current expected credit loss standard until a quantitative impact study can be completed.
Ahead of a markup scheduled in the House Financial Services Committee tomorrow, the American Bankers Association in a memo to committee members offered support for two flood insurance bills scheduled for consideration.
A group of 51 state bankers associations today wrote to House Financial Services Committee leaders in support of H.R. 2513, a bill introduced by Rep. Carolyn Maloney (D-N.Y.) calling for the Financial Crimes Enforcement Network to create a database of beneficial ownership information.
A bipartisan group of senators today released draft legislation aimed at reforming several existing anti-money laundering rules.
The American Bankers Association joined three other financial and housing trade organizations last week in a comment letter to the Federal Housing Administration offering feedback on proposed changes to its single-family loan and lender-level certifications.
More than 1,800 bankers and compliance experts convened in New Orleans, La., yesterday for ABA’s annual Regulatory Compliance Conference.
Read more from ABA’s Hugo Dante.
The Commodity Futures Trading Commission yesterday issued a no-action letter to allow certain amendments to legacy swaps—those that were executed prior to the compliance date for the CFTC’s uncleared swap margin rule—without losing their status as legacy swaps.
In a long-awaited move last night, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) announced that they have reached an agreement on a five-year extension of the National Flood Insurance Program.