McWilliams: Brokered Deposit Proposal Will Seek to Foster Innovation
FDIC Chairman Jelena McWilliams today previewed the long-awaited overhaul of the brokered deposit rule, which the agency is poised to...
Newsbytes
ABA Raises Concerns Over New Credit Reporting Bill
A new bill—H.R. 5332, introduced by Rep. Josh Gottheimer (D-N.J.)—could make credit reports less predictive and useful while weakening the...
ABA Calls for Greater Clarity in CECL Audit Proposal
The American Bankers Association submitted comments to the American Institute of Certified Public Accountants today on a proposal addressing how...
FinCEN’s Blanco Touts Need for Legislative Solution on Beneficial Ownership
The lack of beneficial ownership information collected when companies are formed is “a dangerous and widening gap in our national...
ABA Urges Committee Approval for Minority Banking Bills
Ahead of a House Financial Services Committee vote today, ABA expressed support for legislation that addresses the decline in minority...
Trade Groups Support Proposed Changes to Swap Margin Rules
The American Bankers Association joined several industry groups in a comment letter to the financial regulatory agencies this week supporting...
Regulators Discuss Trends in BSA/AML Compliance Risks
When conducting recent examinations for Bank Secrecy Act/anti-money laundering compliance, regulatory officials flagged deficiencies in risk assessments, a need for...
Amid Strong Performance, OCC Flags Credit, Cyber Risks for Banks
Amid strong financial performance by banks during the longest U.S. economic expansion on record, the OCC flagged credit, operational and...
ARRC Chairman Addresses SOFR Concerns in Bloomberg Op-Ed
In a Bloomberg op-ed on Friday, Tom Wipf—chairman of the Federal Reserve’s Alternative Reference Rates Committee and vice chairman of...
ABA Pushes Back Against ‘Seriously Flawed’ CU Field of Membership Amendments
In a letter to the National Credit Union Administration today, the American Bankers Association reiterated its strong opposition to two...
