CFPB adjusts exemption thresholds for Reg C, Reg Z
The CFPB announced the annual threshold adjustments for asset-size exemptions from Regulation C, which implements the Home Mortgage Disclosure Act,...
Policy
Podcast: What the OCC’s latest report may reveal about 2024 priorities
John Vivian and Hugh Carney explore the agency's findings, including the way credit risk and leapfrogged liquidity risk over the...
House bill would reform CFPB’s UDAAP authority
A House bill would reform the CFPB’s unfair, deceptive or abusive acts and practices authority under the Dodd-Frank Act to...
Regulators add AI to list of financial stability risks
For the first time, the Financial Stability Oversight Council has labeled the use of artificial intelligence in financial services as...
FASB updates business income tax disclosure standards
The Financial Accounting Standards Board issued an accounting standards update to address what it said have been investor requests to...
Senators introduce bill to increase transparency in bank exams
Two senators introduced legislation they said would create a fair appeals process for banks and increase transparency in the bank...
ABA: Proposed fiduciary rule would do more harm than good
The Department of Labor’s proposed fiduciary rule is overbroad, overreaching and would likely harm the very people the agency seeks...
ABA urges Congress to overturn SEC cyber incident reporting rule
In a letter to Senate leaders, ABA expressed support for a Senate joint resolution expressing congressional disapproval of the SEC’s...
FOMC leaves rates unchanged, signals potential cuts
The Federal Open Market Committee announced that it would once again leave the federal fund rate unchanged at 5.25%-5.5% and...
FDIC’s McKernan suggests implementing Basel endgame in stages
FDIC board member Jonathan McKernan said that he is open to a phased-in approach to U.S. adoption of the Basel...
