ABA Urges Longer Delay, Full Review on Fiduciary Rule
ABA today called for a longer delay of the Department of Labor’s fiduciary rule effective date and an updated economic...
Compliance and Risk
CFPB Imposes Largest-Ever HMDA Deficiency Fine on Nonbank Lender
The Consumer Financial Protection Bureau today issued an enforcement action for alleged Home Mortgage Disclosure Act reporting deficiencies by Nationstar...
ABA to FCC: Preserve Banks’ Ability to Contact Customers Under TCPA
In a comment letter to the Federal Communications Commission today, ABA urged the FCC to preserve banks’ ability to advise...
CFPB Delays Prepaid Rule Effective Date
The Consumer Financial Protection Bureau yesterday proposed extending the effective date of its final rule on covered prepaid accounts.
Curry Addresses Fintech Charter Questions in Speech
The OCC’s plan to issue limited-purpose national bank charters to fintech companies is not a path to “light-touch” regulation, nor...
BAFT Comments on Proposed Revisions to AML/CFT Guidance
BAFT -- ABA’s global transaction banking subsidiary -- commented last week on the Basel Committee’s proposed revisions to its guidance...
DoD Reports MLA Website Malfunction
Due to a malfunction, the Department of Defense’s Military Lending Act website was unable to process a total of 149...
Fed, OCC Issue Transition Period Guidance on Variation Margin
As the ABA Securities Association and other trade groups have urged, the Federal Reserve and the OCC today issued guidance...
Rep. Tipton Reintroduces ABA, Alliance-Backed Tailored Regulation Bill
Rep. Scott Tipton (R-Colo.) and eight GOP co-sponsors yesterday reintroduced the House version of the TAILOR Act (H.R. 1116), which...
