FHA ends field review requirement for certain mortgages
The Federal Housing Administration will no longer require lenders to obtain appraisal field reviews for a selection of FHA-approved mortgages,...
Compliance and Risk
FinCEN takes further steps to sever Cambodian firm from U.S financial system
FinCEN proposed taking additional actions to cut off U.S. financial access to a Cambodian firm that allegedly serves as a...
Bill would extend time for banks to review suspicious checks, wire transfers
Rep. Young Kim (R-Calif.) has introduced legislation to allow financial institutions to place extended holds on suspicious checks and wire...
OCC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
OCC proposed regulations to implement Bank Secrecy Act and sanctions requirements for payment stablecoin issuers. The rulemaking was issued in...
ABA, associations: Basel proposal step in right direction
The banking agencies’ Basel capital proposal is an improvement from the 2023 proposal, but changes that eliminate areas of overcapitalization...
FinCEN, banking agencies propose customer ID requirements for stablecoin issuers
FinCEN and the federal banking agencies released a proposed joint rule to establish customer identification program requirements for payment stablecoin...
CFPB rescinds advisory opinion on special-purpose credit programs
The CFPB rescinded a 2020 advisory opinion on special-purpose credit programs, saying the document contains statements that conflict with recent...
Government watchdog agency suggests changes to FDIC supervision, HUD disaster recovery
The FDIC should take further steps to strengthen its bank supervision, and HUD should take steps to mitigate fraud in...
ABA Viewpoint: Higher upfront APRs were a policy choice
Three key choices by lawmakers and regulators pushed credit card pricing toward higher annual percentage rates. Rate caps would have...
A national campaign to fight impostor scams targeting seniors
By participating, banks can help ensure that more consumers are better prepared to recognize and avoid fraud.
