Managing an AML Program During COVID-19
Effective anti-money laundering compliance processes during challenging times require team collaboration, committing to communication and paying attention to guidance.
Tag: Coronavirus
FHFA’s Calabria: GSEs Need a Way to Recover Costs for COVID-19 Relief Programs
Fannie Mae and Freddie Mac may be facing insolvency if they are not able to recoup some of the costs associated with ...
Treasury Inconclusive on CECL Effects, Calls for Further Study
While noting emerging indicators that credit availability declined and lending standards tightened in early 2020, the Treasury Department yesterday said ...
Coin Task Force Publishes New Resources to Address Coin Circulation Issues
With the COVID-19 pandemic disrupting the circulation of coins nationwide, the U.S. Coin Task Force—of which the American Bankers Association ...
ABA’s Nichols Discusses COVID-19 Response, Economic Outlook in Podcast
American Bankers Association President and CEO Rob Nichols today said the banking sector is “well-positioned” to help the economy recover ...
FDIC Approves Plan to Restore DIF to Statutory Minimum Without Higher Assessments
FDIC Chairman Jelena McWilliams today signaled that an increase in the deposit insurance assessment rate schedule will likely not be necessary to ...
ABA Urges Lawmakers to Advance Standalone PPP Loan Forgiveness Legislation
With Congress currently deadlocked on a COVID-19 relief bill, the American Bankers Association and 51 state bankers associations today urged ...
DOJ: Financial Institutions ‘Strong Partners’ in Detecting, Reporting PPP Fraud
Banks and other financial institutions have been “strong partners” in assisting the Department of Justice and law enforcement detect and ...
Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’
The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack.
ABA, Trades Call for Cross-Border Tax Administration Relief
In a follow-up to an April letter discussing COVID-19-related challenges regarding tax withholding, the American Bankers Association, the International Banking ...
