ABA Statement on Stablecoins Emphasizes Need for Consumer Protection
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells...
Compliance and Risk
EEOC Issues Guidance on When COVID-19 Considered a ‘Disability’ under ADA
The Equal Employment Opportunity Commission issued guidance yesterday, in the form of 14 additional questions-and-answers, regarding the circumstances where COVID-19...
Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters...
FinCEN Seeks Public Feedback on AML/CFT Modernization
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued...
OCC Finalizes Rule to Rescind 2020 CRA Rulemaking
The OCC today issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it...
ABA Recommends Changes to DOL’s Proposed Revisions to ESG Investing Rule
The American Bankers Association today wrote to the Department of Labor in support of the agency’s revisions to its investment...
World Bank, IMF Propose to Combat Money Laundering Across ‘Remittance Corridors’
As international regulators work to enhance cross-border payments, the World Bank and the International Monetary Fund today proposed a framework...
CFPB Updates Rulemaking Agenda
The Consumer Financial Protection Bureau on Friday announced updates to its rulemaking agenda for fall 2021. The agenda is current...
Fed Reiterates Supervisory Guidance on Counterparty Credit Risk Management
The Federal Reserve today reminded banks of its expectations for safe and sound practices with regard to counterparty credit risk...
OCC’s Hsu Encourages Banks to ‘Explore Opportunities’ of SPCPs
Acting Comptroller of the Currency Michael Hsu today encouraged banks to “explore the opportunities available through special purpose credit programs.”
