FinCEN Launches New Public-Private Information-Sharing Forum
The Financial Crimes Enforcement Network will formalize FinCEN Exchange, a new forum to facilitate public- and private-sector information sharing on...
Policy
FinCEN Considering Further Guidance on Beneficial Ownership Rule
As the banking industry prepares to implement the Financial Crimes Enforcement Network’s final beneficial ownership rule, FinCEN Acting Director Jamal...
Senate Passes Major Tax Reform Bill
After a flurry of last-minute amendments closely tracked by ABA, the Senate overnight voted to pass a sweeping tax cut...
Fed Again Keeps Countercyclical Capital Buffer at Zero
For the second year in a row, the Federal Reserve today said that the countercyclical capital buffer for banking organizations...
Trump Names Fifth Third’s Jelena McWilliams to Lead FDIC
As had been anticipated for some time, the White House last night said that President Trump would nominate Jelena McWilliams...
Newsbytes Podcast: Rob Nichols on a Less Hostile Regulatory Environment
After a period in which people banking industry experience were not often considered for federal regulatory or oversight roles, banking...
Morning Consult: Majority of Voters Support Taxing Credit Unions
American voters overwhelmingly are unaware that credit unions pay no federal income taxes, and when told about it, more than...
Judge Rejects Legal Challenge to Mulvaney at CFPB
A federal judge today sided with the White House and Consumer Financial Protection Bureau Acting Director Mick Mulvaney in the...
Mulvaney Imposes 30-Day Freeze on New Regs, Guidance at CFPB
In his first day as acting director at the Consumer Financial Protection Bureau, Mick Mulvaney -- who is also the...
Cordray Resignation Sets Up Conflict Over Who Leads CFPB on Interim Basis
Consumer Financial Protection Bureau Director Richard Cordray officially resigned on Friday and in so doing set up a legal conflict...
