Luetkemeyer to Fed: Clarify Use of ‘Guidance’ versus Regs
The Federal Reserve should clarify that agency guidance and other statements not issued via notice-and-comment rulemaking do not establish binding...
Compliance and Risk
Reps. Pearce, Luetkemeyer Introduce ABA-Backed BSA Reform Bill
Reps. Steve Pearce (R-N.M.) and Blaine Luetkemeyer (R-Mo.) yesterday introduced an ABA-supported bill that would update several elements of the...
Otting: OCC Working on Interagency Consensus on CRA Reform Plans
The OCC is hoping to issue a long-awaited advance notice of proposed rulemaking on the Community Reinvestment Act in the...
FinCEN Issues Advisory on Corrupt Foreign Political Figures
The Financial Crimes Enforcement Network today issued an advisory to U.S. financial institutions highlighting the connection between corrupt senior foreign...
Agencies Update Policy on Cooperation in Enforcement Actions
The federal banking agencies are issuing a revised policy on interagency cooperation in enforcement action that reflects present-day practice at the...
ABA Foundation Releases Free Guide to Partnerships That Protect Senior Customers
To mark World Elder Abuse Awareness Day on Friday, the ABA Foundation is this week releasing a free new guide...
ABA Supports Creation of Database of Reassigned Phone Numbers
n a comment letter to the Federal Communications Commission today, the American Bankers Association urged the FCC to continue developing...
ABA Urges Simpler, More Transparent Rulemaking Process at CFPB
The Consumer Financial Protection Bureau should target its rulemaking process more precisely on the consumer harms it seeks to address...
Report: CFTC Proposal Would Avert Significant Unnecessary Costs
The Commodity Futures Trading Commission’s proposal yesterday to maintain the swap dealer de minimis threshold at $8 billion on a...
