Basel reforms reveal shortcomings of international standard-setting process
It’s inappropriate to ask American consumers and businesses to simply rely on regulators’ assurances about the future — particularly when...
Policy
Basel committee previews changes to core principles for banking supervision
The Basel Committee on Banking Supervision issued a consultative document updating its core principles for effective banking supervision—a universally applicable...
FOMC pauses rate hike campaign to assess economic effects, minutes show
Against a backdrop of tightening credit conditions and higher interest rates expected to continue weighing on the economy, Federal Open...
ABA urges CFPB to scrap ‘abusiveness’ statement as drafted
ABA last week called for substantial revisions to the CFPB’s recently proposed guidance on the “abusiveness” standard as defined by...
Report: CFPB monitoring developments in fair lending technology
The CFPB has expanded its expertise in data science and analytics to identify fair lending violations as technologies such as...
Agencies finalize updated statement on CRE loan accommodations
The OCC, FDIC and National Credit Union Administration issued an updated policy statement regarding accommodations and workouts for commercial real...
Rep. Mooney introduces ABA-backed bill to help small banks raise capital
Rep. Alex Mooney (R-W.Va.) this week introduced a bill that would raise the threshold for small bank holding companies from...
International task force updates lists of countries with AML deficiencies
The Financial Action Task Force—an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism and...
Powell sees lessons learned from recent bank closures
The recent bank runs and failures were “painful reminders” that there is no way to predict all of the stresses...
ABA suggests changes to Nacha proposals on credit, debt risk management
ABA offered feedback on Nacha’s recent proposal to amend nine of its operating rules on credit risk and debit risk...
