ABA: Fed Must Prioritize Interoperability in Development of FedNow
As the Federal Reserve develops its own faster payments system, it must focus on ensuring interoperability between the existing RTP...
Newsbytes
FinCEN’s Blanco Warns on Account Takeover Risk from Fintech Aggregators
The Financial Crimes Enforcement Network is seeing “a high amount of fraud” enabled through synthetic identities and account takeovers via...
ABA Urges SEC to Modernize Regs on Rule 144A Securities
ABA today filed a comment letter urging the Securities and Exchange Commission to modernize its regulations on Rule 144A securities...
ABA Urges House to Pass SAFE Banking Act
With a vote expected on H.R. 1595, the SAFE Banking Act, as early as tomorrow, ABA today wrote to House...
Labor Department Releases Final Overtime Rule
The U.S. Department of Labor today released its final overtime rule—a rewrite of the 2016 rule issued under the Obama...
N.Y. Fed Chief: Don’t Wait for Term SOFR to Begin Rate Transition
Market participants should not wait for term versions of the Secured Overnight Financing Rate to begin adopting it in contracts,...
FHFA Bans GSEs From Offering Volume-Based G-Fee Discounts
In a move intended to level the playing field in the mortgage market, the Federal Housing Finance Agency has directed...
SEC Proposes Updates to ‘Guide 3’ Disclosures
The SEC last week issued a long-awaited proposal to update required disclosures that bank and savings and loan registrants are...
ABA Congratulates Female Bank Execs Atop ‘Most Powerful,’ ‘Women to Watch’ Lists
ABA today saluted the women named to American Banker Magazine’s “25 Most Powerful Women in Banking” and “25 Women to...
Banking Industry Leaders Question CU Tax Exemption in Interviews This Week
Banker Harris Simmons, chairman, president and CEO of Zions Bancorp, called for an end to the tax exemption for large...
