SEC proposes oversight of outsourced investment advisory services
The Securities and Exchange Commission today proposed new rules to prohibit registered investment advisers from outsourcing certain services and functions...
Policy
SEC adopts ‘clawback’ rules for erroneously awarded incentive pay
The Securities and Exchange Commission today adopted rules requiring public companies to recover incentive-based executive compensation if that pay was...
CFPB to begin soliciting small-bank input on data-sharing rule this week
Before issuing a proposed rule, the CFPB must convene a panel of small businesses that represent their markets to provide...
Fannie Mae, Freddie Mac to require new credit score models
The Federal Housing Finance Agency today announced the approval of the FICO 10T and the VantageScore 4.0 credit score models...
FDIC’s Gruenberg: Payment stablecoin could offer cost-effective, real-time benefits
Any such payment system should be designed to “complement” the Federal Reserve’s soon-to-be-released FedNow system, Gruenberg said.
ABA survey finds strong support for cannabis banking, overdraft protection
U.S. consumers support cannabis banking, value overdraft protection and believe financial technology companies and credit unions should be held to...
FDIC seeks feedback on ombudsman’s role in supervisory appeals process
The FDIC on Tuesday issued a notice requesting feedback on its proposed amendments clarifying and expanding the role of the...
ABA, banking groups urge changes to FHLB advance qualifications
The American Bankers Association, Independent Community Bankers of America and more than 70 state banking associations today submitted a letter...
FDIC approves ABA-opposed increase in deposit insurance assessment rate
The FDIC board today unanimously voted to raise deposit insurance assessment rates for every bank by two basis points beginning...
ABA welcomes proposed change to housing goals for Fannie Mae, Freddie Mac
The American Bankers Association supports a proposal to have Fannie Mae and Freddie Mac switch the methodology for how they...
