ABA Proposes Changes to FinCEN Beneficial Ownership Registry Rules
In response to the Financial Crimes Enforcement Network’s proposed rule for a beneficial ownership registry, ABA said today in a...
Policy
House Advances SAFE Banking Act through China Competitiveness Bill
The House today passed the America Competes Act, a bill aimed at boosting American economic competitiveness against China, which included...
Researchers Release Initial Findings from Boston Fed, MIT CBDC Research Project
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative yesterday published a white paper...
Jelena McWilliams on Her Legacy at the FDIC
As the FDIC chief prepared to resign before her term was up, she discussed the agency's progress on innovation, financial...
Podcast: Exit Interview with Jelena McWilliams, Part 2
McWilliams discusses several policy aspects of her tenure at the FDIC, including climate risk, small-dollar lending, CRA reform and the...
Podcast: Exit Interview with Jelena McWilliams, Part 1
The outgoing FDIC chairman discusses bank innovation, FDITech, post-COVID exams and the agency's COVID response in part one of this...
CFPB Probes for Information on Financial Product Fees in ‘Misguided’ RFI
The CFPB today issued a request for information seeking comments on fees associated with financial products and services offered by...
Beyond the Headlines on CECL’s Early Results
Credit loss estimation is complicated, and CECL’s lifetime loss objective makes it even more so. While a robust quantitative impact...
CFPB Signals Intention to Scrutinize Credit Card Fees, Practices
In a new blog post this week, the CFPB said it is “looking to use a long-dormant authority” under Dodd-Frank...
Ag Secretary Discusses Farming and Rural Economy During House Hearing
Department of Agriculture Sec. Tom Vilsack testified before the House Agriculture Committee on the state of the rural economy and the...
