ABA Responds to Congressional Inquiries about TRID
The American Bankers Association today responded to inquiries from House Financial Services Committee members about the effects of the TILA-RESPA ...
Tag: Regulatory burden
Hoenig Pitches Regulatory Relief Plan Again
Speaking at the agency’s community banking conference today, FDIC Vice Chairman Thomas Hoenig again offered a “legislative remedy” for excessive ...
ABA Challenges FinCEN Analysis of Proposed CTR Changes
In a comment letter today, ABA criticized the Financial Crimes Enforcement Network’s proposed revisions to the Bank Secrecy Act Currency ...
CFPB Resumes Card Agreement Submissions; Next Deadline Is May 2
After a yearlong suspension while it updated its submission system, the Consumer Financial Protection Bureau will resume accepting the card ...
CFPB Updates Compliance Guides to Reflect Rural/Underserved Rule
The Consumer Financial Protection Bureau has updated certain compliance guides related to Regulation Z to reflect last week’s rule broadening ...
ABA Urges New York to Drop Proposed AML Regulation
In a comment letter to the New York State Department of Financial Services, the American Bankers Association urged the agency ...
GAO Report: U.S. Regulatory Structure Complex, Fragmented
The U.S. financial regulatory structure could be streamlined to improve effectiveness, according to a report published yesterday by the U.S. ...
ABA Op-Ed: Regulators Must Clarify Role of Risk-Sensitive Models
Regulators must better clarify their expectations for risk-sensitive models used to determine regulatory capital levels for the largest banks, ABA ...
House Members Nudge Agencies on Tailored Regulation
In a letter to the federal banking agencies today, a bipartisan group of 133 House members asked what regulators are ...
FinCEN Issues Prepaid Card FAQs
The Financial Crimes Enforcement Network today issued guidance on highlighting the regulatory expectations for nonbank sellers of prepaid cards.
