Survey: Community Bankers Report Compliance Costs Finally Decreasing
After years of steadily increasing as new regulations were implemented, compliance costs at community banks are finally coming down, according...
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Agencies Issue Statement on Sharing Resources for BSA Compliance
The financial regulatory agencies and the Financial Crimes Enforcement Network today issued a joint statement outlining how banks may enter...
Powell Addresses Risks Amid ‘Remarkably Positive’ Economy
The U.S. economic outlook is “remarkably positive,” Federal Reserve Chairman Jerome Powell said at a business economics conference today.
Proposals on Community Bank Capital, Large Bank Supervision Expected by Year-End
Financial regulators will issue by year-end their proposal exempting highly capitalized community banks from the Basel III capital calculations, as...
Senators Urge Agencies to Make Volcker Rule Changes
Led by Senate Banking Committee Chairman Mike Crapo (R-Idaho), seven Republican senators today endorsed efforts to revisit the Volcker Rule...
FDIC Seeks Feedback on Communication, Transparency
As part of an effort to increase efficiency and transparency, the FDIC today issued a request for information seeking feedback...
ABA Supports Rule Implementing S. 2155 Liquidity Provision
The American Bankers Association yesterday wrote to the Federal Reserve, FDIC and OCC in support of an interim final rule...
FDIC Report: Banks’ Small Biz Lending Significantly Underestimated
Banks lend significantly more to small businesses than is captured by commonly used proxies, according to a major FDIC study...
ABA Urges IRS to Apply Passthrough Deduction to Charitable Remainder Trusts, Common Trust Funds
In a comment letter today, the American Bankers Association yesterday called on the Internal Revenue Service to specifically address charitable...
