ABA and a coalition of financial trade associations urged the OCC today to provide more time for stakeholders and the public to evaluate novel charter applications by before the regulator considers applications.
As corporate treasurers pivot in response to the coronavirus pandemic, nearly half of them on net are planning to diversify their debt and capital structures, according to a new survey released today from TD Bank and Strategic Treasurer.
The Federal Reserve announced today that it will maintain its current fee schedules for priced services for most payments services in 2021, except for check fees, which will rise 2.7% on average.
The OCC is continuing its efforts, working with other agencies, to facilitate banks’ ability to engage with digital currencies, Acting Comptroller Brian Brooks said during a press event this morning.
. . . and other questions from the ABA Regulatory Policy and Compliance Inbox for November/December 2020.
BAFT, ABA’s global transaction banking subsidiary, announced today it has launched a Global Payments Industry Council to drive strategy on global payments issues and to develop best practices for real-time payments participants.
The Federal Reserve and the Financial Crimes Enforcement Network today proposed to reduce the transaction volume threshold for when banks must collect and retain information on funds transfers and remittances that start or end outside of the United States.
ABA and six other financial trade groups today said they “oppose the OCC’s effort to grant commercial companies like Amazon or Facebook a national payments charter to access the Federal Reserve payments system and safety net.”
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors.
BAFT, ABA’s global transaction banking subsidiary, announced today that Jose Luis Calderon has been appointed the new chairman of its Transaction Banking Global Leaders group.