Libor Transition Panel Recommends Fallback Language for Key Instruments
The Alternative Reference Rates Committee today issued its fallback language recommendations for floating rate notes and syndicated business loans that...
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CFPB Seeks Feedback on Remittance Rule Changes
The Consumer Financial Protection Bureau has issued a request for information seeking input on potential changes to its remittance rule,...
McWilliams: Capital, Profitability Key Focus with Prospective ILC Applicants
Issues of capital and profitability are key themes in the FDIC’s interactions with fintech companies seeking banking charters, FDIC Chairman...
ABA Partners with Alloy Labs to Foster Innovation
As part of its efforts to help banks of all sizes accelerate technological innovation, ABA today announced a strategic partnership...
Policymakers Discuss Regulatory Role in Fintech, Innovation
Comptroller of the Currency Joseph Otting today highlighted his agency’s efforts to foster responsible innovation, including through the creation of...
Treasury’s Mnuchin Weighs In on Data Aggregation
During an FDIC conference in Arlington, Va., today, Treasury Secretary Steven Mnuchin offered his thoughts on consumers’ ability to share...
New ABA White Paper Helps Bankers Understand APIs
As part of its efforts to help bankers understand and leverage the benefits of fintech, ABA has updated its white...
New Home Sales Rose 4.5 percent in March
New single-family home sales rose to a seasonally adjusted annual rate of 692,000 in March, according to the U.S. Census...
BAFT Releases Best Practices for Digital Ledger Payment Commitments
To help the international trade finance industry in its transition from paper-based transaction processes to distributed ledger technology, BAFT—ABA’s global...
Fed Proposal to Bring Clarity, Transparency to Bank Control Determinations
The Federal Reserve today issued a proposal to revise its existing rules for determining control of a banking firm by...
