ABA points to role of regulators in discouraging bank engagement in digital assets
In a letter to senators, ABA highlighted recent FDIC documentation showing that regulators discouraged banks from fully engaging with digital...
Compliance and Risk
House lawmakers offer recommendations to FDIC on digital asset regulation
Republican lawmakers on the House Financial Services Committee offered five recommendations to the FDIC on how to “clarify” digital asset...
ABA supports FCC order to combat illegal calls
ABA voiced support for FCC rules requiring all voice service providers in the call pathway to block calls that are...
Fed’s Barr urges banking regulators to keep pushing for reforms
In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms...
CFPB launches ‘tip line’ to report on bureau employees
The acting director of the CFPB has opened a “tip line” for financial institutions and other businesses to report on...
Study suggests AI-generated ‘fake news’ could harm banks
A recent poll of U.K. residents found that most were likely to withdraw their money from a bank after being...
FinCEN extends BOI reporting deadlines
FinCEN announced that beneficial ownership reporting requirements are back in effect after a federal court lifted the remaining nationwide injunction...
Court lifts remaining nationwide injunction on BOI collection
A federal court has lifted its nationwide injunction on beneficial ownership information collection, citing a U.S. Supreme Court ruling in...
Fed’s Daly seeks balance in bank regulation
Citing growing concerns from community bankers about the regulatory burden on their institutions, San Francisco Fed President Mary C. Daly...
Powell: Creation of Fed vice chair for supervision led to ‘volatility’
Federal Reserve Chairman Jerome Powell said there was “less volatility” on the Fed board before the creation of a vice...
