|
This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news.
You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes stories, digital exclusives, the ABA Banking Journal Podcast and more.
The often-intertwined issues of social equity and environmental considerations are among the deepest and most challenging ESG issues that bankers currently face.
|
The digital banking product changes triggered by the Paycheck Protection Program and pandemic-related digital banking needs have pushed banks to innovate like never before, says Accenture’s Bina Rajput on this episode of the podcast.
|
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters Kluwer survey.
|
With the pandemic and other factors triggering growth in—and new dimensions of—“money mule” scams, how what should bankers watch out for?
|
The Treasury Department, through its Emergency Capital Investment Program, will invest $8.7 billion in community financial institutions, which includes community development financial institutions and minority depository institutions.
|
The banking industry is optimistic about the role of bank/fintech partnerships that enable banks to bring customers the latest technology in a way that they can trust, American Bankers Association SVP Rob Morgan said during a recent industry event.
|
The Securities and Exchange Commission has proposed new amendments intended to help improve the resilience and transparency of money market funds, following significant volatility seen in the early days of the COVID-19 crisis.
|
FDIC Chairman Jelena McWilliams ruled a motion from CFPB Director Rohit Chopra out of order during an FDIC board meeting, stating that “it doesn’t comply with the previously stated information received from the general counsel about the legitimacy of that action.”
|
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued a request for information seeking feedback on how it can streamline, modernize and update anti-money laundering and countering the financing of terrorism rules in the U.S.
|
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells Senate Banking Committee.
|
The Deposit Insurance Fund remains on track to be recapitalized to its statutory level of 1.35% by the statutory deadline of Sept. 30, 2028, FDIC staff said during a recent FDIC board meeting.
|
The OCC issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it with rules the agency adopted jointly with the Federal Reserve and FDIC in 1995.
|
|
