Court rules federal law preempts Illinois interchange law
A federal court ruled that an Illinois law restricting the collection of interchange fees is preempted by federal law for...
Compliance and Risk
SEC seeks to rescind climate disclosure rules
The SEC is proposing to rescind “overly burdensome and costly rules” that require companies to provide certain climate-related information in...
FDIC, OCC release Q3, Q4 CRA exam schedules
The FDIC has released the schedules for Community Reinvestment Act examinations to be conducted in the third and fourth quarters...
Court vacates FinCEN residential real estate reporting rule
A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting...
Consumer groups, vendors sue CFPB over changes to fair lending enforcement
A coalition of consumer groups and fair lending compliance firms has filed a lawsuit to prevent the CFPB from removing...
Trump administration proposes nondisclosure agreement for all government employees
The Trump administration is proposing the creation of a government-wide nondisclosure agreement for new and existing federal employees that agencies...
ABA, associations urge regulators to fully account for stablecoin risks in annual report
Saying they are deeply concerned about the risk stablecoin payment issuers pose to the overall financial system, ABA and three...
Banking agencies publish ‘living will’ feedback
The FDIC and Federal Reserve recently published their feedback letters for the resolution plans submitted by the largest banks, although...
FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by...
OCC’s Gould defends agency actions on federal exemption, charter approvals
As more states weigh laws to restrict interchange fees, the OCC will continue to defend federal preemption in courtrooms "as...
