FASB to Reconsider TDR, Purchased Loan Accounting Under CECL
The Financial Accounting Standards Board today voted to add two projects to its technical agenda based on feedback it received...
Newsbytes
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance
The Federal Reserve, FDIC and OCC are seeking comments on a joint proposal designed to manage risks associated with third-party...
FSB: Reforms, Bold Policy Response Enabled Financial System to Weather Pandemic
The global financial system has weathered the pandemic due to greater resilience, supported by the G20 reforms, and a “swift,...
CFTC Panel Approves ‘SOFR First’ Rate Transition Plan
As part of regulators’ efforts to facilitate the ongoing transition away from Libor, the Commodity Futures Trading Commission’s Market Risk...
ABA Analyzes FinCEN’s National Anti-Money Laundering Priorities
ABA issued a members-only staff analysis of the government-wide policy priorities for anti-money laundering and countering the financing of terrorism...
Online Child Tax Credit Tool Available in Spanish
The Internal Revenue Service released a Spanish-language version of its online tool that helps users determine whether they qualify for...
Trade Groups Urge Fed to Adopt Uniform Policy to Evaluate Account and Services Applicants
Trade groups submitted a joint response to the Federal Reserve regarding its proposal to create a uniform policy for all...
CFE Fund Announces Milestone of 100+ Certified ‘Bank On’ Accounts
The number of Bank On-certified deposit accounts has surpassed 100.
Biden Order Calls for Movement on Data Access Rule, Review of M&A Rules
President Biden today issued a wide-ranging executive order on competition issues across the U.S. economy.
ABA Responds to Proposed Rulemaking on Tax Settlement Agreements
The American Bankers Association today filed a comment letter responding to a notice of proposed rulemaking from the federal banking...
