Comptroller of the Currency Jonathan Gould emphasized the Trump administration’s recent “clarifications and changes to our existing policies” addressing charges of widespread debanking, then addressed the potential risk to bank deposits from stablecoins. The post Gould touts OCC debanking moves, reassures on stablecoin appeared first on ABA Banking Journal.| ABA Banking Journal
In testimony before House lawmakers, ABA EVP Hugh Carney outlined four key policy recommendations aimed at making financial regulations “more predictable, transparent and risk-focused while preserving the vibrancy and competitiveness of the American banking system.” The post ABA’s Carney shares proposals for financial regulation reform appeared first on ABA Banking Journal.| ABA Banking Journal
During a congressional hearing, House Republicans said onerous data collection requirements have redirected resources away from FinCEN’s core mission of fighting financial crimes, with Democrats alleging that the Trump administration has sought to undermine the federal government’s ability to enforce the law. The post FinCEN director questioned by lawmakers on regulatory burden, BOI collection appeared first on ABA Banking Journal.| ABA Banking Journal
The OCC announced it has elevated its chartering and licensing function to signal support for the creation of new banks and a new receptiveness to bank mergers and stablecoin issuers. The post OCC signals openness for de novo bank formation, mergers, stablecoin issuers appeared first on ABA Banking Journal.| ABA Banking Journal
The Financial Crimes Enforcement Network and U.S. banking agencies today released guidance for financial institutions on how to share financial| ABA Banking Journal
The Financial Crimes Enforcement Network today unveiled a facelift for its main website, which it said has been redesigned to| ABA Banking Journal
A federal court yesterday granted a request by the Federal Reserve and a coalition of bank and business associations to| ABA Banking Journal
Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary| ABA Banking Journal
The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few| ABA Banking Journal
The American Bankers Association, Texas Bankers Association and other plaintiffs today announced they have reached an agreement with the Consumer| ABA Banking Journal
More than half of web traffic is now automated with financial institutions a top target for malicious bots, according to| ABA Banking Journal
The Federal Reserve is proposing to change how it conducts stress tests for large banks to reduce the volatility of| ABA Banking Journal
By John Carlson Nearly 10 years ago the Federal Financial Institutions Examination Council released the first version of its Cybersecurity| ABA Banking Journal
The U.S. Court of Appeals for the Fifth Circuit on Monday reinstated the enforceability of the Corporate Transparency Act and| ABA Banking Journal
Americans should be deeply skeptical of a Consumer Financial Protection Bureau lawsuit against the operator of Zelle and participating banks| ABA Banking Journal
A Texas court on Thursday stayed a Department of Labor final rule that expands fiduciary status to nearly all financial| ABA Banking Journal
By Samah Chowdhury Application program interfaces are in high demand in the banking sector because they enable smooth data exchange| ABA Banking Journal
Banks are only one contributor to the overall safety and security of the payments ecosystem and cannot single-handedly prevent criminals| ABA Banking Journal
Four federal agencies today proposed a joint rule that would align each agency's Bank Secrecy Act compliance program requirements with| ABA Banking Journal
Bank regulators have failed to consistently document their analyses and reviews of proposed and existing rules, with the Federal Reserve| ABA Banking Journal
The nonprofit Aspen Institute today announced the launch of a new task force bringing together law enforcement and private industry| ABA Banking Journal
As Florida and other states pass laws that seemingly conflict with national banks’ ability to comply with federal anti-money laundering| ABA Banking Journal
The Financial Crimes Enforcement Network, together with the Office of Foreign Assets Control and the FBI, today issued a notice| ABA Banking Journal
By Walt Williams QNB Bank in Pennsylvania didn’t have trouble in the past filling positions to cover basic IT infrastructure| ABA Banking Journal
The FBI recently launched a public education campaign urging people to take notice when their friends, family, classmates and coworkers| ABA Banking Journal
The American Bankers Association and two banking associations today asked the FDIC to extend by one year the compliance deadline| ABA Banking Journal