Nichols highlights regulatory lawsuits at American Mortgage Conference
With four active lawsuits against regulatory agencies, ABA President and CEO Rob Nichols emphasized Monday that filing a lawsuit is...
Policy
FinCEN warns of financial fraud with counterfeit passport cards
FinCEN, in coordination with the U.S. State Department, issued a notice to financial institutions on fraud schemes related to the...
Proposed bill would block large ransomware payments by financial institutions
A proposed House bill would require financial institutions to notify the Treasury Department before making a ransomware payment, as well...
Former Fed official: Basel proposal has hurt Fed’s reputation
The introduction of the Basel III endgame capital proposal has damaged the Federal Reserve’s reputation for impartiality and fairness, former...
Trade groups seek congressional oversight for auto lending data collection effort
ABA and four other trade associations wrote to lawmakers raising concerns about the CFPB’s plans to gather data from automobile...
FDIC spells out agency strategy for GSIB resolution
The FDIC released a new report that explains in detail how it will manage the resolution of a global systemically...
FOMC minutes: Persistent inflation clouds path forward
The persistence of high inflation and recent economic data have not increased the confidence of Federal Open Market Committee participants...
VA to launch new program to help veterans keep their homes
The Department of Veterans Affairs will launch a new program in May to help more than 40,000 veterans experiencing severe...
ABA, associations urge Congress to overturn CFPB credit card late fees rule
ABA and four bank and credit union associations this week expressed support for two resolutions to overturn the CFPB’s final...
FHFA, state regulators to share info on nonbank mortgage providers
FHFA has entered into a formal agreement with the Conference of State Bank Supervisors to facilitate information sharing with respect...
