FinCEN, banking agencies propose to overhaul Bank Secrecy Act compliance
FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards...
Policy
FDIC proposes rulemaking to implement Genius Act
The FDIC board advanced proposed rulemaking to implement certain provisions of the Genius Act, including requirements for reserve assets, risk...
Full Tenth Circuit to examine decision in Colorado rate cap lawsuit
The full Tenth Circuit Court of Appeals has agreed to examine a three-judge panel ruling leaving in place a Colorado...
Trump administration proposes slashing CDFI Fund budget
The Trump administration is once again seeking to shrink funding for the CDFI Fund and redirect the remaining monies to...
FDIC, OCC finalize rule to remove reputational risk from supervision
Rule also prohibits the agencies from encouraging institutions to close customer accounts or take other actions because of a person...
ABA Foundation offers recommendations on updating national financial literacy strategy
The ABA Foundation offered its perspective on updating the U.S. national strategy for financial literacy by underscoring the critical role...
Report: More than 10,000 veterans have lost homes since VA changes
More than 10,000 veterans have lost their homes since the Department of Veterans Affairs ended a program that allowed them...
States tighten reins on ‘crypto ATMs’
In recent months, multiple states have proposed and passed laws to tighten restrictions on convertible virtual currency kiosks, with Indiana...
Congressional leaders announce deal to end DHS shutdown
Lawmakers plan to advance a spending bill to fund most of DHS through Sept. 30, except for the agencies involved...
Proposed rule would give states ‘wide latitude’ to set stablecoin regulation
The Treasury Department proposed a new rule to establish what factors it will consider when stablecoin issuers request to be...
