FinCEN Proposes FBAR Filing Relief for Bank Employees
The Financial Crimes Enforcement Network yesterday issued a proposal clarifying who is exempt from filing Reports of Foreign Bank and...
Wealth Management
Op-Ed: Congress Must Stand Up to Fiduciary Proposal
In a joint op-ed with several trade group CEOs today, ABA President and CEO Rob Nichols voiced his opposition to...
House Panel Passes Bills to Stop Fiduciary Rule
By vote margins of 22 to 14, the House Education and Workforce Committee approved two bills that would provide alternatives...
Filling the Trust Gap
While banks face a looming shortage of trust officers in the coming years, a mix of recruiting, grooming, networking and...
America Is Woefully Unprepared for Retirement
We need to take a hard look at the structure of public and private retirement systems and reinforce financial literacy...
House Passes ABA-Supported Bill Delaying Fiduciary Rule
By a 245-186 vote, the House yesterday passed H.R. 1090, which would require the Department of Labor to wait 60...
ABA Outlines Concerns for myRA Balance Transfers
ABA and two other trade groups today commented on the process for transferring the Treasury Department’s new “myRA” account balances...
Senate Vote Expected This Week on ABA-Backed Cyber Bill
The Senate is scheduled to vote this week on the Cybersecurity Information Sharing Act (S.754), an ABA-supported bill that would...
Hill Republicans, Democrats Whipsaw DOL Fiduciary Re-Proposal
The Department of Labor (DOL) intends to finalize its fiduciary re-proposal, possibly by year-end or in early 2016.
ABA-Supported Bills Clear House Committee
The House Financial Services Committee yesterday passed three ABA-supported bills addressing the Consumer Financial Protection Bureau and proposed limitations on...
