Newsbytes
FDIC Approves Deposit Recordkeeping Final Rule
The FDIC board today approved a final rule requiring banks with more than 2 million deposit accounts to upgrade their...
DOJ: Overseas Banks Must Share AML Information with U.S. Branches
Foreign banking organizations with U.S. operations need to ensure that their foreign operations are in compliance with U.S. anti-money laundering...
FHA Insurance Fund Performance Improves
The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.32 percent, a...
ABASA Offers Feedback on OCC’s Proposed Industrial Metals Rule
The ABA Securities Association yesterday offered feedback to the OCC on a proposed rule that would prohibit national banks from...
GAO Report Finds Flaws in Fed’s Stress Test Frameworks
Inadequate transparency, flaws in scenario design and model risk management issues surrounding the Federal Reserve’s Dodd-Frank Act Stress Test and...
Treasury’s Szubin: Banks Must Make ‘Conscientious’ Derisking Decisions
Banks and regulators have a “shared responsibility to expand access to the financial system while protecting it from illicit activity,”...
