Eight percent of bank applications in the second half of 2014 — or 52 out of 629 — were withdrawn, according to the Federal Reserve’s latest semiannual report on application results released today.
The Securities and Exchange Commission voted 3-2 yesterday to propose a rule requiring new disclosures concerning companies’ executive compensation.
The Securities and Exchange Commission yesterday voted unanimously to re-propose a rule regarding the allocation of Dodd-Frank requirements to cross-border security-based swap transactions.
With the Federal Open Market Committee meeting yesterday, ABA President and CEO Frank Keating appeared on Reuters TV to discuss interest rates.
The Federal Reserve Open Market Committee in its April 29 statement noted that economic growth slowed during the winter months, partly due to “transitory factors,” and that labor market conditions were largely unchanged since the last meeting.
Banks are the institutions customers trust most to safeguard their personal data, according to a report yesterday from Accenture that also saw banks’ relationships with their customers becoming less branch-dependent and more transactional.
Rep. Randy Neugebauer (R-Texas) said today at an industry event that he plans to introduce a bill to enhance data security standards and post-data breach notification requirements.
Patent troll legislation currently before the House Energy and Commerce Committee does too little to protect banks and other businesses from abusive patent infringement claims, ABA and several other trade groups said yesterday.
Reminder: Comments Due on FinCEN’s Imposition of Special Measure against BPA as a Financial Institution of Primary Money Laundering Concern
FinCEN on March 10 identified Banca Privada d’Andorra (BPA) as a foreign financial institution of primary money laundering concern pursuant to Section 311 of the USA PATRIOT Act.
On April 26, Romanian law enforcement authorities reported the arrest of 25 suspects believed to be members of a sophisticated international gang of cybercriminals responsible for stealing more than $15 million from banks in Puerto Rico and Muscat, Oman.