CFTC Panel Approves ‘SOFR First’ Rate Transition Plan
As part of regulators’ efforts to facilitate the ongoing transition away from Libor, the Commodity Futures Trading Commission’s Market Risk...
Policy
ABA Analyzes FinCEN’s National Anti-Money Laundering Priorities
ABA issued a members-only staff analysis of the government-wide policy priorities for anti-money laundering and countering the financing of terrorism...
Trade Groups Urge Fed to Adopt Uniform Policy to Evaluate Account and Services Applicants
Trade groups submitted a joint response to the Federal Reserve regarding its proposal to create a uniform policy for all...
Biden Order Calls for Movement on Data Access Rule, Review of M&A Rules
President Biden today issued a wide-ranging executive order on competition issues across the U.S. economy.
ABA Responds to Proposed Rulemaking on Tax Settlement Agreements
The American Bankers Association today filed a comment letter responding to a notice of proposed rulemaking from the federal banking...
FSB Outlines Next Steps on Climate Risk Disclosures, Tackles Climate ‘Data Gaps’
As the annual summit of G20 finance ministers and central bank governors kicks off in Italy today, the Financial Stability...
ABA, State Associations Urge Rejection of State-Level Model Data Bill
ABA and 49 state bankers associations today urged the Uniform Law Commission to reject a draft of model state-level legislation...
OECD Tax Allocation Framework Excludes Regulated Financial Services
As part of global efforts to acknowledge the large and growing role of digital activities in the economy, the Organization...
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...
