Newsbytes

As part of global efforts to acknowledge the large and growing role of digital activities in the economy, the Organization...

Fed: CECL Tool for Community Banks to Launch July 15

Community Banking

The Federal Reserve today said it plans to launch a new tool, the Scaled CECL Allowance for Losses Estimator, or...

FHFA Issues Fair Lending Policy Statement

The Federal Housing Finance Agency issued a policy statement today stating its position on fair lending laws with respect to...

CFPB Issues Compliance Bulletin on Consumer Reporting of Rental Information

With pandemic-related rental protections set to expire over the coming months, the Consumer Financial Protection Bureau today issued a compliance...

ABA: New Regulations Not Needed to Address Banks’ Use of AI

As banks move to responsibly integrate artificial intelligence and machine learning capabilities into their business processes, the American Bankers Association...

Nichols: Banking’s Role as Economic First Responder

In a wide-ranging interview with Upstart’s Leaders and Lenders podcast this week, American Bankers Association President and CEO Rob Nichols...

FinCEN Signals It Will Move ahead With No-Action Letter Rulemaking

The Financial Crimes Enforcement Network today signaled that it intends to move ahead with a rulemaking to establish a no-action...

Senate Lawmakers Introduce Bill to Level Playing Field Between Banks, FCS

Sens. Jerry Moran (R-Kan.), John Boozman (R-Ark.), Mike Rounds (R-S.D.), Kevin Cramer (R-N.D.) and Roger Marshall (R-Kan.) today introduced S....

IRS: Child Tax Credit Recipients Now Able to Submit Direct Deposit Information

Families eligible to receive the expanded child tax credit payments now have the ability to update their bank account information...

FFIEC Issues New Booklet on IT Architecture, Infrastructure, Operations